In today’s age of globalization, employers of all sizes are expanding internationally. Whether you are part of a large multinational, or a mid-market employer with expanding global operations, the underlying objectives are typically to capitalize on global economies of scale while responding to local market needs. As attracting and retaining talent become increasingly important to carry out those objectives, employers are faced with familiar issues – rising health care cost, ongoing reform, the need for wellness, and competitive compensation – themes often shared in the domestic U.S. market. But addressing these issues country by country without the right tools can be a daunting task.
In our presentation we will discuss how employers review and stay abreast of benefit and compensation data in multiple countries, as well as discuss top trends and issues globally and in in the U.S. As a global consulting firm, Mercer empowers employers with the survey data needed to make decisions on benefits and compensation, both at home and abroad. We will share some trends in key countries around the world, as well as a brief look into the results from our US Benefits Survey of Employer Sponsored Plans.
1. What are the key issues that employers face as they expand globally?
2. How do employers review and stay abreast of benefit and compensation data in other countries?
3. Domestically, what are the top benefit trends?
4. What strategies are companies employing to control health care costs in the US?
David Sloss, Principal, Mercer Human Resource Consulting, Newport Beach, CA is responsible for providing international benefit and compensation consulting services to multinationals in California. Mr. Sloss has over 25 years of actuarial benefits and compensation consulting experience including 12 years specializing in international consulting. Before joining Mercer, Mr. Sloss worked with other global consulting firms in California, New York, and Australia. His areas of expertise include international pension plans for mobile employees, FAS 87 consolidation for non-US pension plans, the design and financing of pension, life, and medical plans around the world, multinational pooling arrangements, and international mergers and acquisitions. Mr. Sloss is a Fellow of the Institute of Actuaries of Australia (FIAA) and an Associate of the Society of Actuaries (ASA). He has a bachelor of economics degree from Macquarie University in Australia.
Verali Beltran is a Principal in the Irvine office of Mercer, and has been with Mercer for 10 years. As a senior health & benefits consultant, Verali works extensively with her clients to provide strategic direction on all aspects of their health & welfare program, including benefit design, financial projections, health care reform, and wellness. She is experienced with both fully insured and self-funded plans, helping her clients understand their claims experience and utilization, and helping set budget projections for her self-funded clients. She also assists clients in vendor negotiation, selection and implementation, and functions as the overall project manager to support the various phases of identifying, recommending and implementing efficient solutions to achieve client objectives. Ms. Beltran received her Bachelor of Arts degree in Business Economics from the University of San Diego.