With close to 70% of the world’s purchasing power outside the U.S., the chances are your company will, at some point, expand into new countries. Depending on your background, you may or may not have had exposure to benefit practices in different regions of the world. Regardless of what country you expand into, there are significant differences in retirement and health care models and delivery between the U.S. and other countries.
When looking at a benefit strategy outside of the United States, it’s important to be flexible enough to accommodate local norms while maintaining regulatory compliance. At the same time, you must identify the level to which you will maintain consistency in your global practice.
