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Thoughts

It was a fabulous Global Benefits Confab

4/5/2019

1 Comment

 
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​On April 4th, Lockton sponsored an evening of stimulating conversation amongst Global Benefits colleagues featuring fabulous food and drinks with stunning views of Boston Harbor. 
​
Our event started with an hour of engaging peer to peer conversations and then we settled in for dinner.  Nick Dobelbower, Lockton’s guru of Global Benefits, led a structured discussion on the latest Brexit issues as well as developing Gender & Diversity issues for US Multinationals.

Regarding Brexit, Nick and his colleague, Selima Crum, authored a prescient article in last March’s issue of benefits magazine assessing the impact of Brexit for US firms focusing on European business, their regional talent strategy and employee benefit plans.  A link to that article can be found here 
​

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​Nick addressed current known implications with respect to Brexit for employers in the following categories
  • Immigration & Residency
    • Immigration status EU/EEA/Swiss in U.K
    • Immigration status of U.K. persons in EU/EEA/Swiss
    • Recruiting talent
  • Employee Benefit Plans
    • Mobility
    • Health Insurance vs. Business Travel vs. Leisure Travel and other employee benefits (including retirement)
    • European works councils
    • Employee share schemes
  • Other Implications
    • Data privacy, GDPR and U.S.-E.U. Privacy Shield
    • Increased costs to business
 
During dessert we shifted the discussion more broadly on another topic of US and global interest. Nick discussed the growing concerns around Workplace Diversity with a emphasis on Gender Parity.

ground (sorry for the pun) with these discussions as well as others like the concerns of rising nationalism, changing nature of work through technology and demographic changes.

If you'd like a copy of the presentation that Nick delivered, would like to discuss these issues in greater detail or join for our next Global Benefits Confab, please reach out.  We hope that you can join us on this growing list of leading Boston area employers participating in these sessions.
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The challenges of global business growth are being driven by factors such as
  • Tightening labor market
  • Ageing population
  • Low natality
  • Social system funding
  • Retirement adequacy
As a result and in conjunction with changing social and political views, thankfully we are seeing businesses increase women’s participation in the workforce leading to rethinking issues around
  • Pay parity
  • Adequate maternity leave
  • Increased paternity leave and take up
  • Flexible work
  • Work-life balance
Through these initiatives, global business hopes to see
  • Greater financial stability
  • Broader business growth
  • Career continuity parity
  • Increased productivity
  • Enhanced recruiting and retention


1 Comment
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  • Home
  • People Solutions
  • BenefitSmith Global
    • 2023 Global Risks & Rewards
    • Elevate Capacity & Well-Being
    • The Future of Talent
  • Stream with Smith
  • Pharmacy Management
  • Data & Analytics
  • Complex Claims
  • Insights
  • NEEBC & Lockton
  • Private Equity and M&A Support
  • About
  • Resources
    • Lockton Benefit Blog
    • Lockton Employee Benefits
    • Lockton Global Benefits - Compliance News
    • Lockton Insights & Publications
    • Individual & Small Business Services from Mylo
    • Kaiser Health News
    • New England Employee Benefits Council
  • Contact