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Solution

Global Benefits Management

WTW’s Global Benefits Management solutions empower employers, employees and retirees to better navigate the changing world of benefits. Our solutions combine benefit consulting expertise with outsourcing, co-sourcing and administration experience.

Many multinational companies struggle to understand their global benefit plans

Most large companies today are decentralized, where local operations are run autonomously, leading to multiple benefit plans across the world. Employers do not have central access to all the benefit plan data and information. We see an opportunity to leverage technology to gain a level of centralized strategic oversight.

  • What programs do they have in place?
  • What vendors do they use?
  • How much does it cost?

In our framework, we treat the employee as a consumer who is in the center of our solution. We take into account different segments, life stages, and populations to offer them the right level of choice, access to their benefits, and consistency globally while addressing the question of cost management.

Clients today want more insight into:

  • Financial management – what do our benefits cost? What factors drive costs? How can we streamline benefits to reduce costs?
  • Global control and oversight – how much plan governance is needed to be effective? How do we leverage our global scale?
  • Resource management – how can we use technology to gain efficiencies?
  • Employee appreciation – what programs increase employee engagement? What steps can we take to achieve better productivity?

Global Benefits Management provides clients with a centralized tool that:

  • Helps clients understand their costs with clear, transparent reporting
  • Provides centralized monitoring of benefits delivery and up-to-date information on plan provisions, financials and vendors
  • Offers pre-packaged country-specific benefit options where services can be centralized and a trusted team to provide global coordination
  • Includes access to general market and industry-specific benchmarking
  • Communicates the value of benefits

Why WTW?

140+ yearsProviding benefits consulting excellence

40+ yearsDeep benefits outsourcing and technology experience

500+Companies trust us as their partner

99%Clients stay with us year after year