Of multinational companies currently offering, or planning to offer, global minimum benefits (43%), nearly three out of four congregate around four main offerings Toronto, ON (July 11, 2024) – Aon plc, a leading global professional services firm, has released findings from its 2024 Global Benefits Trends Study, which revealed that global minimum benefits standards are becoming the new normal for multinationals.The study gathered insights about the evolving roles, responsibilities and priorities of benefits professionals in multinational businesses amidst a constantly evolving global benefits landscape.It found continually rising benefits costs, shifting perceptions of employee mobility, pay transparency and equity mandates, the role of technology in supporting company culture and employee engagement are just a few forces at play.
“Organizations are implementing a suite of minimum benefit standards to provide coverage for key areas of need for employees,” said Celine Ng Tong, global benefits consultant at Aon.“We expect the prevalence of global minimum benefits standards to double over the next couple of years and that future areas of focus will be on programs supporting wellbeing, preventive health and mental health, along with sick leave.” Key findings from the report show: The survey was conducted from March to April 2024 and received 288 responses from participants in 31 countries across North America, EMEA, APAC and LATAM.The intent of the study was to understand the global benefits trends associated with multinationals around the world and to gather insights about the roles, responsibilities and evolving priorities of global benefits professionals in multinational companies.
Read the full report here.About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world.Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.For more information, visit www.aon.com.
Tags: Aon, benefits
Publisher: Insurance Canada