Having an effective global retirement strategy helps employers to make effective decisions and to anticipate change in a constantly evolving landscape.
Why is global retirement governance important?
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ANNA BUDNIK: Retirement plans are essential to the long-term financial welfare of your employees. They usually account for your biggest benefits spend and are typically heavily regulated. If you want to be competitive as an employer, you have to make sure that the benefits you offer to your employees are attractive and effective at meeting their needs. You have to do this across a multitude of different regulatory and cultural environments and across a range of different benefit types.
Having an effective global retirement strategy helps to balance your attention across all of these competing needs. To develop this at a corporate level, it's important to reflect on what a successful retirement plan looks like for your organization as well as understanding your global retirement spend, and to execute this strategy, you'll need robust governance structures in alignment with your corporate principles.
