There is nothing more important in the world of benefits management than controlling risk and staying compliant in each jurisdiction in which you operate. And keeping on top of plans spread around the world is a tough task unless you have an effective way of getting the information you need, and specialist support to turn to when you need it.
Non-compliance (depending on the jurisdiction) can mean significant financial penalties, with Directors being held accountable, and in some cases even facing criminal proceedings.
Changes to regulations around the world occur weekly, with a significant trend globally of risk and cost being transferred to the employer, away from the state. The fall out from COVID, Brexit, and other major global events will only accelerate this trend.
Chime has extensive experience in handling risk and compliance on the front line - reacting to legislative change and keeping benefits compliant. With immediate access to up-to-date regulatory requirements in over 70 countries, we can provide you with the information you need, when you need it, and we can partner with you to ensure your global arrangements are fully compliant.
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