Management Consulting
Aon
Full Credential Description
Multinational companies often face significant challenges when managing, analyzing, and developing Compensation & Benefits programs across borders. These challenges arise from complex and inconsistent local programs, national legislation, and a lack of data. To address these issues, Aon Hewitt developed the Total Benefit Solution (TBS), a web-based administration platform specifically designed for multinational corporations that require high transaction volumes, flexibility, and detailed analysis of their Compensation & Benefits programs. The TBS platform provides immediate value to businesses by offering a clearer and more accurate overview of their compensation structures, while also saving resources for local HR specialists and reducing the need for extensive investments in software and hardware. Key benefits of TBS include a fundamental understanding of the actual costs and value of salary and employee benefits, improved consistency in Compensation & Benefits programs across different countries, and assurance of compliance with local legislation. Additionally, TBS grants access to real-time information that supports cost-saving strategies, including insights into multinational benefits, preferred suppliers, funding mechanisms, and adjustments to local programs. The platform also delivers precise real-time analyses, including tables and graphs that assist in evaluating expenses relative to salary, geography, and program, along with customized side-by-side reporting across borders.