International HR

Administrate less, achieve more.

Benefits administration isn’t easy. But don’t let its challenges keep you awake at night.Provider Selection on PointYou have so many provider options that choosing can be overwhelming. But we know how to find the one(s) that meets your needs and your budget. Whether you want to better leverage your existing solution or find a new one, we’ll provide guidance that can help you feel confident in your decision. Our solution review process is designed to be vendor-agnostic so you get a clear view of the technologies available. We offer: Benefits experience hard to find elsewhere A preferred-providers network with well-vetted vendors that lead the way in expertise, technology and support A proprietary decision support tool that makes it easier than ever to pinpoint your ideal providerImplementation Made EasierIdentifying the right solution is the critical first step. How you implement it is equally important. You can take advantage of our wide variety of implementation models that help make putting your new system into place as painless as possible.Want some help? Our in-house team can act as both your advocate and resource network to make sure that you get exactly what you signed up for and know how to make the most of it. Client relationship manager: Your technology specialist in the selection process Project manager: Manages all aspects and participants in the implementation process Implementation specialist: Manages the data gathering and quality process and site builds for specific preferred-vendor relationships Account manager: Manages the day-to-day issues that arise after implementation, including data issues for specific preferred-vendor relationships EDI team: Facilitates EDI builds for specific relationships

The right rewards know no borders.

Some of your most valuable people are the ones who live and work around the world, but designing and administering compensation plans for your top globetrotting earners is a logistical challenge. Say-on-pay shareholder votes, tax incentives to reduce base salary, hard caps on bonuses and other new regulations are just some of the issues you have to keep up with. Local tax, legal and Social Security requirements can be just as demanding.You need a partner to manage your advisory, administrative and benefits solution services in multiple currencies under numerous jurisdictions. We can do that and so much more. We can manage the day-to-day requirements of voluntary, mandatory incentive alignment plans and other benefits for both US and non-US-based plans for thousands of secure accounts.Helping You Meet New and Evolving NeedsWhen you work with us, you get expertise in global executive compensation programs with members and participants on five continents. You'll have access to offshore trusts and account valuation for diverse portfolios, including: Retail funds Alternative investments Investment strategy funds Other investment vehiclesAdditionally, you'll receive robust reporting for currency exposure, residency and other international issues.No matter where the funds are based, they can be administered and valued in the native currency. You’ll be able to produce reports on demand in a common currency or native fund currency to show to stakeholders, including: Human resources Finance professionals Compliance officials Tax officials Investment committees Trustees Nominees CustodiansWe can work with you to figure out your or your plan's specific currency exchange requirements for awards, valuations, distributions and other processes.Benefits That Travel with ThemIf you're based in the US, we can help you with plans for US citizens, permanent residents or anyone required to file a US tax return, no matter where they live and work, including: Australia Brazil Canada China France Germany India Italy Japan Singapore South Africa Spain UKYour services will meet International Standard for Assurance Engagements No. 3402 audits. Recognized internationally, these auditing standards were developed by the American Institute of Certified Public Accountants, demonstrating controls over information technology and related processes.

Benefits that don’t get lost in translation.

If your business is expanding internationally, so are your HR responsibilities. Meeting corporate obligations in every locale is a complex task, but the right partner can help you meet the challenges and stay focused on new opportunities. We’ll help you put the right systems in place to: Protect your employees and your company Comply with local rules Correctly design and implement company benefits plans Acquire and maintain connections with trusted local partners Getting Started in a New CountryMake sure your program gets off on the right foot. The first step is understanding compliance requirements and best practices, including input from locals on the benefits regime in the new country. Then we’ll work with you to figure out what benefits your company wants to offer on top of what’s required.We’ll get you set up with our local partners and establish a reasonable remuneration level that represents good value. Finally, we’ll make sure local hires understand the program and get everyone enrolled as quickly and efficiently as possible.Audit and AnalysisAre your existing benefits competitive? Did you just acquire or open a new international office? To succeed globally, you need a truly global view of the benefits you provide. Our audits, backed by current data and the expertise of local consultants in each country, include: A matrix of your existing programs Benchmarking against market averages A compliance audit A report that covers statutory benefits, supplemental insurances, holidays and more Recommendations for next stepsDue DiligenceThe HR issues you face with a domestic acquisition can seem like a piece of cake compared to those involved with an acquisition abroad. We’ll help take the pressure off by working with you to: Identify areas of risk and the liabilities you’re taking on Address acquisition complexities Provide a due diligence checklist Assess insurance costsMultinational PoolingA well-run multinational pool can potentially save you 10% – 15% by reducing risk costs and ongoing premiums, enhancing underwriting terms and improving global benefit performance. We can help you: Evaluate whether pooling is needed to consolidate the insurance coverage of worldwide benefits Create feasibility reports to determine if there are any immediate opportunities for natural pools and also whether pooling makes financial sense Establish new pools and provide ongoing management for existing poolsSpecial Insurance CoverageNothing is more important than keeping your employees safe. When you send key staff members into high-risk areas, standard domestic plans just won’t work. Partner with us to determine what will. We have expertise insuring individuals on permanent or temporary contracts in difficult locations, unstable regions and risky positions.Expatriate ProgramsMake sure your expats feel as valued and secure when they’re working abroad as when they’re working in the US. Finding the right insurance options at the right price can be difficult and time-intensive, but we’ll help you: Understand the options available and find the best providers Benchmark and evaluate plan designs Evaluate home, local and global plans Evaluate tax treatment and preparationInternational Benefit Management ServiceWhat one thing could you delegate that would make your life easier? How about some of the time-consuming tasks involved with managing international benefits? Our dedicated professionals can: Implement new plans or revised recommendations to existing plans Conduct multinational pooling feasibility reviews and maintenance Oversee negotiations and re-marketing of insurance programs prior to renewals Report on design, plan cost and providers to the U.S. corporate HR team each year Manage expatriate benefits and policies Conduct regular reviews of all current benefit and compensation plans (social, mandatory and private) to assure local compliance with regulatory changes Coordinate and liaise with US corporate, designated local HR staff and providers on international benefit activities Provide access to on-the-ground country expertise Create executive country summaries detailing current benefit programs Interpret invoices Troubleshoot issues Provide independent analysis of ongoing global benefits issuesWhether you’re a startup or a blue-chip name brand, NFP helps transform cross-border challenges into an employee benefits plan designed to help cut risk and control costs.