For many organisations, benefits and wellbeing are the second highest spend item, after salary and wages. Many multinationals do not have the capacity or internal knowledge to know where to look for cost efficiency and savings.
Some of the major traps multinationals fall into include working directly with insurers and providers, not testing the market regularly enough, not benchmarking their plans, ignoring their countries with smaller headcounts, and not seeking to use their global scale to drive savings.
The truth is that by working with brokers, investing in benchmarking, paying attention to smaller countries, and exploring global cost strategies (e.g. multinational pooling, global underwriting) can actually save firms significant sums, and at the same time lead to better benefits and happier employees.
Our people have worked with some of world's largest and most complex organisations, supporting them in hitting cost savings targets and building sustainable financial management models. Chime can bring this knowledge and experience to your organisation.
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