Creating Competitive Local Employee Benefit …...Microsoft PowerPoint - ERC Ontex Breakout...
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willistowerswatson.com Creating Competitive Local Employee Benefit Programs through a Modernised Global Benefits and Brokerage Approach at Ontex Piet Hendriks, Ontex Dieter Gistelinck, Willis Towers Watson © 2018 Willis Towers Watson. All rights reserved.
Transcript of Creating Competitive Local Employee Benefit …...Microsoft PowerPoint - ERC Ontex Breakout...
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Creating Competitive Local Employee Benefit Programs through a Modernised Global Benefits and Brokerage Approach at Ontex
Piet Hendriks, OntexDieter Gistelinck, Willis Towers Watson
© 2018 Willis Towers Watson. All rights reserved.
willistowerswatson.com© 2018 Willis Towers Watson. All rights reserved. Proprietary and Confidential. For Willis Towers Watson and Willis Towers Watson client use only. 2
Benefits matter now more than ever beforeIncreasing media coverage
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El 58% de las empresas de Europa Occidental no tienen una estrategia
formal de salud y bienestar
Source: *Organization for Economic Co-operation and Development for select markets where data is available. : 2017 Willis Towers Watson Regional Benefit Trends Survey
1970 1980 1990 2000 2010
19%
Developed Countries13%
7 Points Since 1970s
Share of benefits over total compensation*
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Western Europe Central & Eastern Europe Middle East Africa Asia Pacific Latin America
Manage benefitcosts better
Manage benefit costs better
Information in one place
Greater governance and oversight
Manage benefit costs better
Manage benefit costs better
Influence employee behaviors
Information in one place
Manage benefit costs better
Manage benefit costs better
Influence employee behaviors
Influence employee behaviors
Information in one place
Greater governance and oversight
Greater governance and oversight
Influence employee behaviors
Greater governance and oversight
Greater governance and oversight
Transparency of benefit costs
Simplify administration
Transparency of benefit costs
Information in one place
Information in one place
Information in one place
Greater governance and oversight
Influence employee behaviors
Influence employee behaviors
Transparency of benefit costs
Simplify administration
Health & well-being programs
© 2018 Willis Towers Watson. All rights reserved. Proprietary and Confidential. For Willis Towers Watson and Willis Towers Watson client use only. 3
Top priorities over the next three years
Source: 2017 Benefits Trends Survey
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The modernized global benefits management experience
© 2018 Willis Towers Watson. All rights reserved. Proprietary and Confidential. For Willis Towers Watson and Willis Towers Watson client use only. 4
All underpinned by a globally integrated technology solution
Ongoing operational support alongside strategic advice
Confidential
Ontex at a glance
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HR Organization Group BU Local
Confidential
Do benefits matter @ Ontex ?
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VisionWhy ?
StrategyWhat ?
ExecutionHow ?
Provide benefits at local market median level
Processes
• Calendar of renewals• Benchmarking• RFP & vendor selection
Roles & Responsibilities
• Decision matrix• Operating guidelines• Escalation paths
Confidential
How does this work in practice ?
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StrategyWhat ?
Provide benefits at local market median level
Principle: CountryException: regione.g. Germany, Brazil
Principle: General IndustryException: FMCG
Principle: MedianException: Deviation +/-e.g. + competition for talent, median “everyone” or “duty of care”e.g. – affordability, gradual introduction
Confidential
How does this work in practice ?
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ExecutionHow?
Processes
Roles & Responsibilities
Confidential
Top priorities for the next five years
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Manage Benefits Costs Better
Information in One Place
Greater Governance &
Oversight
Influence Employee Behaviors
Simplify Administration
Transparent Benefits Cost
Health & Wellbeing Programs
Confidential
Top priorities for the next five years
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Decentralized Centralized
M&A Organic
Generalists Specialists
Confidential
Making the case for Global Benefits Management
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Full transparency on what we have, and what we pay for it
Harmonized where possible, differentiated where it makes sense
Use competition to get the best value for
money
Look at the neighbors and make sure our offering is competitive
Keep the building in good order, and do
regular maintenance
Fill the spaces where we have an undue gap
Confidential
Hurdles? Yeah… many !
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Take them by the hand…
Be patient – 18 month implementation
tough one … fresh pair of eyes sees different things/things differently
“Not worse off” clause
Confidential
Other success factors…
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