Top 5 Global Employee Benefits Platforms

Globalization isn’t just the next evolution of the worldwide economy. It’s a necessity that enables companies to grow, build brand loyalty, and find top talent across the globe. Even today, 54% of companies have employees in at least two countries, signifying the transition from local or national hires to a global talent pool.

If you’re part of an HR team tasked with onboarding, hiring, and retaining global employees, you probably already know that benefits and perks are integral.

But the benefits management involved with a global workforce? That’s a cumbersome issue altogether. The ability to perform benefits administration while intertwining employee engagement and a satisfactory employee experience can seem almost impossible — at least without a complementary product.

Regardless of your current stage of globally diversifying your workforce, benefits management solutions should be a priority. By using one of the top global employee benefits platforms, you ensure a streamlined benefits experience, a better return on investment, and a noticeable increase in employee satisfaction.

The Top Global Employee Benefits Platforms: What To Look For

Like stipend or perks platforms, the top global benefits platforms offer a wide range of useful features. Still, your company size, budget, and preferences play a crucial role in the selection process. With so many available options, however, knowing what to look for can be difficult.

Before you buy a subscription or ink a long-term deal, discover the best features that many of the top global employee benefits platforms have in common — and ones that may make one a better option for you than others.

Customization

A top-tier benefits solution focuses on customization. At the most basic level, customization is the ability to configure a dashboard to your liking and streamline benefits enrollment in your chosen programs.

But in more complex global organizations, customization allows you to cater programs to local customs, laws, and needs. For example, an organization could have standard benefits offerings, but also the ability to tailor them to the expectations of local societal norms and standards. By offering and automating flexible benefits for both in-office and remote teams based on geographic location, you improve enrollment, enhance human capital through benefits, and strengthen performance management, all while boosting company culture.

When in doubt, use a benchmarking benefits strategy to identify what localized benefits to offer to enhance overall employee well-being and retention.

Integration With Other Platforms

Integration with HRIS, ERP, global payroll systems, retirement plans, and health insurance platforms is another great feature common to the top global employee benefits platforms. It streamlines processes and automates data entry to reduce administrative burdens, while also ensuring compliance. Whether you use BambooHR or Workday, software integrations can make or break a global employee benefits platform.

Remember that global compliance management is integral. Be certain that your preferred employee benefits platform makes your job easier.

Excellent Customer Support

Inevitably, there will come a time when administrators or employees need some guidance on the platform. To meet these administrator and employee needs, the top global employee benefits platforms typically offer 24/7 customer support. Round-the-clock support shows that the platform understands the global reach of your company, as well as the importance of a user-friendly interface to get questions answered

One important distinction is whether or not the customer support is human or AI-powered. AI is continuously improving, but sometimes, the human touch is best.

Expense Management

Depending on how you structure an employee benefits program, you may need a benefits platform that incorporates expense management. Some may offer integrations for expense management platforms, but one built into the software can drastically reduce waste.

With an expense management platform, you can track employee expenses and spending accounts, handle reimbursements, and make decisions on how to tweak your benefits packages and initiatives — all in one place.

Reporting and Analysis

A major pitfall of employee benefits is a lack of enrollment. Why incur the cost of benefits that no one’s using?

The only surefire way to see participation, analyze benefits costs, calculate ROI, and make informed decisions on your benefits package is to choose a platform with real-time reporting and analytics. Through analysis, you can track why open enrollment is lagging or if you may have a problem with a benefits provider.

Understanding the bottlenecks of benefits enrollment and usage can save you time and headaches. On top of implementing the right benefits, top global employee benefits platforms should function as a global HR solution, not a hindrance.

The 5 Top Global Employee Benefits Platforms

Now that you’re well-informed about the key features of the top global employee benefits platforms, you’re ready to see some of the best options available. While they share many characteristics, some have an outlying feature or ease of use that synergizes with your needs. Let’s take a glance at some of the top platforms.

1. Hoppier

Hoppier isn’t an all-inclusive employee benefits platform, and you won’t find a complex, AI-driven, cloud-based framework to administer global wellness programs in-depth. But what it lacks in deep features is more than balanced by practical features that are ideal for simplified benefits administration and small businesses.

The focal point of Hoppier is virtual gift cards, but with plenty of extras. Through the platform, you can send gift cards that function as stipends, pay for specific perks, provide employee reimbursement, or provide food and drink during a company-sponsored webinar. After you send the cards, you can even track spending and set budget controls in real time, substantially reducing additional workflows and payroll processing.

How Hoppier Works

Again, Hoppier’s allure lies in its simplicity. When you want to send perk- or benefit-related payments, the process is straightforward.

Create a benefits, perk, or stipend program and add your logo and company colors to reinforce your brand. Next, select a monetary value for each card and an expiration date, and choose your vendors. Selecting vendors individually is an awesome feature, as you can align it with your benefits program. For example, you could choose only vendors that meet your requirements for healthy food delivery or employee wellness.

When you’ve chosen the look, denomination, and vendors, send your digital cards by uploading a CSV of your employees’ email addresses. In seconds, they’ll receive the card, along with instructions on how to use it. Plus, you can send the cards to employees in more than 60 countries.

Once they start to use the card, you can track expenses in real time. Plus, any leftover cash on each card at expiration goes back into your account — eliminating sunken costs and giving your next round of perks and benefits a shot in the arm.

2. Compt

Dubbed the lifestyle benefits platform for modern teams, Compt is a benefits software that helps HR launch and manage programs that employees love. Compt hangs its hat on its customization, allowing administrators to design their own programs that support professional development, personal growth, employee wellness, and family life.

Boasting a 91% participation rate, Compt’s Lifestyle Spending Accounts (LSA) can be created in just weeks, complete with global scalability, automated compliance, and a self-service platform that makes enrollment a cinch.

Other top features include employee expense and reimbursement, rewards & recognition programs, and support for employees in 75 different countries with local currencies.

3. Fringe

“One tool, happy humans.” With a slogan like that, Fringe has some to meet some great expectations, but it does so with great aplomb. Using an easy-to-use admin dashboard and a stellar employee experience, this top global employee benefits platform connects benefits, perks, recognition, and rewards in one convenient package.

Rewards and recognition are at the forefront of the platform, celebrating milestones, achievements, and birthdays paired with rewards employees actually want. The same idea extends to its lifestyle spending accounts, as employees can choose their own perks and benefits from the program you create.

To bring it all together, Fringe has mobile access. Through the app for both iOS and Android, employees can see their benefits, make changes to their plan, and check their rewards balances.

4. Benepass

Fringe, Compt, and Hoppier deal more with post-tax benefits, but if you need to administer pre-tax benefits as well, Benepass has your back. On top of post-tax benefits such as LSAs, Benepass is your partner to create programs for common pre-tax benefits for commuting and healthcare, including health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts (FSAs).

Through Benepass’s flexible program design, users can tailor their programs while also maximizing their budget and reducing costs. And with the ability to provide benefits for users in over 80 countries, Benepass solidifies its name in the pantheon of the top global employee benefits platforms.

5. Deel

Deel is a more comprehensive approach to global employee benefits, combining HR, global payroll software, and benefits all in one. According to Deel, it combines 16 different tools into a single platform, eliminating roadblocks related to benefits enrollment, hiring, onboarding, compliance, and more.

What makes Deel stand out is its benefits and hiring tools. Through Deel, businesses can hire, onboard, and provide benefits to new employees in more than 150 countries. Built-in compliance tools automate repetitive processes and ensure that you’re adhering to local laws.

Deel also has one of the most transparent pricing models among any of the top global employee benefits platforms. Prices start at just $5 per employee per month, allowing you to cut costs and stay on budget.

The Top Employee Benefits Platforms for You

Only you can choose the right global employee benefits platform for your needs. The underlying decision goes hand-in-hand with the size of your business, your budget, and key feature prioritization. Do your due diligence, don’t be afraid to book a few demos, and hopefully, you will find a platform that blends employee wellness and administrative ease harmoniously.

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