This article covers:
- What does Benefits Advisor do?
- Which countries are covered?
- What are our data sources?
- How can you offer the benefits recommended by the advisor?
- Other pointers
What does Benefits Advisor do?
A “one-size-fits-all” benefits strategy can impact your talent acquisition and retention, and cause you legal risks. The benefits you offer need to be optimized for your team member’s location, local laws, and your company’s overall benefits strategy. But global employment requires you to have knowledge about statutory and extended benefits across your many hiring countries – which is a complex and time consuming task.
Benefits Advisor help you identify a list of benefits across health, time off, allowances, and perks that companies in your hiring location offer and local experts recommend through a one-stop, self-serve tool.
Which countries does the advisor cover?
Benefits Advisor covers 11 countries. New countries will be added on a frequent basis. The countries currently available on the advisor are:
10. United Kingdom
11. United States
What are our data sources?
We have consolidated data across two sources.
Benefits experts: We consulted local benefits experts on statutory and customary benefits
- Glassdoor: We referred benefits packages of local tech companies using Glassdoor
How can you offer the benefits recommended by the advisor?
The advisor’s goal is to help you identify country-specific statutory and customary benefits so you can answer questions like, “What benefits are statutory and what are customary in Italy?” “Can I offer the same benefits in the UK and Canada?” “What do local employers offer to their team in France?”
You can currently apply the intel you gain from the advisor in three ways:
- Use Oyster Health to offer localized health benefits in US, CA, and FR and global health benefits in 180+ countries. The plans cover extended healthcare like vision, dental, away-from-home coverage, paramedical care, and more.
- Use time-off management to submit, approve, and manage time-offs from a single place
- Offer allowances to team members for benefits (e.g Gym memberships) that are not available on Oyster.
We have the following in our roadmap, that will help you better utilize the advisor:
- Pre-packaged tiers that match Benefits Advisor will be available for you to choose from during the hiring process
- Localized benefits in four other countries global employers hire the most in
- We will add new countries to the advisor on a frequent basis.
- We do not recommend that you provide health benefits to your team members directly. Offering health benefits outside a direct employment relationship can create both joint employment and permanent establishment risk for you.