Management Consulting
Aon
Full Credential Description
A leading multinational pharmaceutical company faced the challenge of providing a consistent and comprehensive benefits management experience for its 80,000 employees across various countries, while still allowing for local flexibility. The company sought to better understand the costs associated with HR administration and improve the overall employee value proposition (EVP) in a competitive labor market. To address these niche issues, Aon implemented its Benefits Solution (TBS), which facilitated consistent global branding with local adaptations tailored to individual country needs. This approach allowed the company to maintain a global perspective while ensuring compliance and cultural relevance in local markets. The solution included a streamlined approval process for benefits governance and a total rewards module that communicated the company's total investment in its employees. As a result of this tailored solution, the pharmaceutical company achieved several quantifiable benefits. It gained an overall view of its benefits landscape globally, with the ability to drill down into specific country-level insights. Local resources were empowered to navigate the nuances of benefits practices in their respective regions, leading to faster and more effective regional solutions. The implementation of TBS not only enhanced employee awareness of total rewards but also improved engagement with the benefits offered, ultimately supporting the company's goal of attracting and retaining top talent in a challenging market.