As part of our comprehensive suite of global services, Providentia Global Advisors collaborates with clients to strategically pinpoint specific global business opportunities that directly correlate to non-existing, inadequate, or overly complicated design challenges in employee reward systems and offerings. By streamlining or improving one or more reward provisions we can provide a company with new opportunities for innovation and growth. Partner with us to protect your current opportunities, protect your most important asset – talent – and set the stage for enhanced growth through a comprehensive strategy that involves all of your businesses and countries. Learn more about our service offerings below.
MERGER & ACQUISITIONS
Total rewards approach covering: Due Diligence, Risk Identification (e.g., Pension & Severance liabilities; Demographic changes; Claims Utilization, Real-time analysis of True compensation costs, etc.), Plan Evaluation & Benchmarking, Financial Analysis, Integration, Communication.
Why is this needed? Don’t be surprised, deceived, or put in an unknown financial situation because you did not ask all of the important questions in acquiring or merging with another business, particularly in another country! In other words, we can help you “Know what you don’t know” and make rational. logical, financial-based decisions for a successful merger or acquisition – globally and locally.
PENSION PLAN IMPLEMENTATION & MANAGEMENT
Global or Local pension plan design, actuarial analysis, cost estimation, financing, funding vehicle review, implementation, administration, and communications.
Why is this important? Every company should want to have the ability to provide financial security for its shareholders. And when those shareholders are also the employees, many companies do not want to rely solely on a social system that is continuing to reduce that security in almost every country in the world. We help companies make the right decision and balance their reward strategy such that these rewards can be provided in a current compensation system or in a stand-alone long-term financial stability plan that becomes an attractive incentive for both current employees and future employment recruitment. When other competitors are saying “You’re on your own when you leave us”, you can be saying, “We care enough to help you today as well as tomorrow”. This becomes a game changer for attracting the right talent as well as keeping the right talent.
BALANCE OF TOTAL REWARDS
Our services include total re-do of existing provisions or design and/or review of current provisions. Full suite of Compensation, Benefit, Prerequisite benchmarking, and program design to enable a competitive reward system that is balanced financially and is fiscally responsible for long-term strategy. We begin our interaction with you with an in-depth discussion of your current business structure, challenges, and key critical needs. Our focus is to quickly understand your challenges and build a sensible, yet creative, pathway to solutions.
COMPENSATION CONSULTING
From build-out of a new system to review of an existing system – encompassing all phases of a success-driven approach. Let us help you with Job Descriptions Valuation and Leveling, construct the appropriate cash offerings, perquisite allowances, or benefits for your industry and ensure that they are competitive to your industry as well as to global challenges with the hiring of talent across multiple geographies. We do not just review the data but we interpret the data for your challenges, culture and changing environment, and business strategy. Let us get you there so that you are poised for success in all countries as well as all businesses.
MULTINATIONAL POOLING
Leveraging global insurance exposure for coverage and fiscal advantages.
Why now? When was the last time you had a deep understanding of your insurance provisions, costs, and providers in any location outside the United States? And, if you are a growing entity, like many of our clients, then you are leaving a lot of money on the table that could be used to support better and more competitive benefit and compensation programs for your employee population – without taking away from your current programs!
EMPLOYEE BENEFIT CONSULTING
Philosophy & Governance of Private, Social, and Mandatory benefit programs (Life, AD&D, Disability, Health, Retirement, Termination Indemnity, etc.). We can help you review all of your programs so that Change is not driving you but You are driving the change.
MOBILE EMPLOYEES
A mobile employee today is not the same as a mobile employee yesterday. We will work with you to decide how, when, and what works best for moving talent or using talent more wisely in a global economy. From information sharing to career development situations, we can advise you on the best approach for both the company and the employee. Being fiscally responsible yet treating employees fairly is in your best interest. Let us help you make rational decisions that lead your management into creative “think-tank” approaches that make better sense than just throwing more money at a situation.
Reach out to us for a free consultation on how we might best support you, your company, and your employees. Find out quickly and easily our breadth of expertise ensures that even that first discussion will be well worth your time.