Local benefits packages - Overview

Shruti Khaitan
Shruti Khaitan
  • Updated


What are Local benefits packages? 

What are the benefits of offering Local benefits packages to my team?

Which countries can I offer local benefits in? 

Commonly asked questions

What are Local benefits packages?

Local benefits packages enable you to choose from 3 pre-created benefits packages and offer country tailored benefits to your team. The benefits range from health and life insurance, perks, allowances, and pension and vary from country to country. 

What are the benefits of offering Local benefits packages to my team? 

  • Offer country-tailored benefits that help you stay compliant, competitive, fair, and meet team expectations 

  • Choose easily from pre-created benefits packages—Essential, Competitive, or Best-in-class. 

  • Skip the research and admin. We got you covered through managing relationships with multiple local vendors, building packages, enrolling and supporting your team, and more

Which countries can I offer local benefits in? 

  • Local benefits packages are available in Poland with more countries coming soon 
  • Oyster also offers local benefits to teams in United States and Canada. These do not include packages currently but they are coming soon. 

Commonly asked questions 

  • What are the 3 benefits packages?

    • Essential, Competitive, and Best-in-class are the 3 benefits packages.
    • What is Essential: Statutory and other common benefits tailored to a specific country
    • What is Competitive: Benefits most local employers in a specific country offer
    • What is Best-in-class: Premium benefits that set you apart
  • How can I enroll my team into a benefits package? 

You can enroll a team member into local benefits either while submitting a new hire form or from the benefits flow. Below is a step-by-step guide. 


From the hiring flow:

1. After you fill out the compensation details, you will be taken to the Benefits section of the hiring form

2. Select a benefits package based on your company’s benefits strategy. Some recommendations include:

  • Choose Essential if you only want to offer statutory and common benefits 
  • Choose Competitive if you want to offer benefits that most local employers in that specific country offer and want to remain competitive 
  • Choose Best-in-class if you want to offer premium benefits that sets you apart 
  • To remain non-discriminatory, it is important to enroll all of your Team Members into the same benefits package.

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3. You can also choose to select health add-ons on top of your package. The add-ons include health benefits provided by SafetyWing. You can learn more about the SafetyWing standard and premium plans here. 

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4. After you make a selection you will be shown the total estimated monthly costs. This cost includes the benefits fee that Oyster charges to handle the whole lifecycle of benefits—local market and vendor research, building packages, enrollment, vendor relationships, and more—reducing the admin and monetary costs for you.

From the benefits flow:

1. Go to People --> Benefits using the left menu bar in your Oyster account 

 

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2. On the benefits page, you will see a list of engaged team members and their benefits enrollment status. Click on "Enroll benefits" to enroll a team member into benefits. 

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3. You will be taken to a new page from where you can choose the available benefits plan for that team member. You will see local benefits plan options for Poland, United States, and Canada and global benefits plans options -- SafetyWing or IMG for other countries. 
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4. After you select a plan and click on "Send request" you will receive a success message. The Oyster support team will now begin the enrollment process along with the benefits vendors. 

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FAQs

  • How do Local benefits packages help me remain competitive and fair?

Competitive: Our benefits experts undertook research on what local employers in a given country offer to build the Competitive plan that helps you compete with other employers and attract top talent 

Fair: Locally optimized benefits take into account the country’s statutory laws and local market conditions to offer benefits that are fair to employees in a given location.

To remain non-discriminatory, Oyster always recommends enrolling all Team Members in a given location into the same benefits package.

  • How does the enrollment process work?

- Companies can select the package they want to enroll their new hires in directly from the hiring form or from the benefits page of their account 

- The Oyster support team will contact Team Members to start the enrollment process. Team Members will have the option to opt-out.

  • Packages across countries vary. How will this help me offer a similar or standard benefits experience across all my team members? 

Each country has its own benefits legislation and access to benefits also vary from country to country. For example, Germany has great statutory health insurance and it’s generally unusual for companies to offer supplementary insurance there whereas in the United States, healthcare and benefits are not centralized.

The benefits you offer need to:

- comply with and supplement the local laws
- align with your compensation and rewards approach
- be competitive with what local employers offer 
- ensure easy access to doctors, hospitals, tests, claims, and more

Offering local benefits helps you remain fair to your team, competitive against local employers, and cost-efficient.