Global PEO Services (GPS), which provides Professional Employer/Employer of Record services in 150+ countries, today announced that it is rolling out comprehensive health insurance benefits to supplement local mandatory benefits for global PEO employees.
“This is an industry-first move. Global PEO providers today offer only statutory benefits and to get anything beyond what is legally mandated is a time consuming and often expensive process. At GPS, we now have a full range of health insurance; life insurance; short-term and long-term disability insurance; and wellness programs readily available for Clients who want to offer it to their employees and their families. It gives them a significant competitive edge in attracting top talent when hiring overseas,” said Ragu Bhargava, Co-founder and CEO, Global PEO Services.
This comprehensive plan is designed for the global workforce, enhancing local mandatory benefits while addressing employee expectations and cultural nuances. The plan includes full benefits to family members, life insurance coverage, accidental death and dismemberment coverage, short-term and long-term disability coverage, and an Employee Assistance Program (EAP). All of this with access to a world class expense management and reporting system.
Employers can fully manage the benefits administration and enrollment via our proprietary workforce management system. All GPS Clients have access to a robust integrated technology platform to manage their employees globally. They get full workforce visibility and automatic compliance with local data privacy and labor/wage/hour laws all while the employees can use the self-service functionality to interact with their manager and with human resources.
Global PEO Services, which has the largest PEO footprint in the industry in terms of own legal entities, helps companies expand globally without having to set up legal entities in foreign jurisdictions or deal with related talent acquisition, HR, benefits, payroll, tax, and compliance issues.
“Unlike other providers who essentially act as a middleman between employers and local in-country PEO providers, we hire directly to our own entities. It allows us to control the overall employee experience and offer our Clients competitive costs and more control while lowering compliance risks,” added Adam Sheffield, Chief Revenue Officer, Global PEO Services.
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