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Employee Benefits and Actuarial Practice

中文介绍

 

Our mission is to ensure that our clients:

  • attract and retain the best talent

  • provide financial security to employees and their families

A sustainable and profitable business in China must have motivated employees. Unfortunately with a limited supply of talent and unabated high turnover, almost all employers in China face a never-ending struggle to attract, retain and motivate high performing employees.

Watson Wyatt’s research shows that compensation and benefits are amongst the top reasons why employees decide to leave a company. Hence, a well articulated compensation and benefit strategy is indispensable.

Watson Wyatt is the world’s leading adviser on retirement and employee benefits; providing actuarial and consulting services in all areas related to employee benefits. We have been providing benefits consulting services in China for more than 10 years and have a team of experienced benefit consultants located in Beijing, Shanghai and Shenzhen.

Our Actuarial and Benefits consulting services in China include:

 

Actuarial Valuation and Financial Modeling:

  • Actuarial valuation for accounting purposes (including for IPOs)

    • Pension and other benefit plans

    • Stock options and other incentives

  • Benefit design modeling

Merger & Acquisitions: to identify compliance and financial risks in respect of
   compensation,employee benefits and employment policies

  • Due Diligence

  • Post deal integration to ensure that compensation and benefits support the newly combined business

Benefits ‘Audits’ as part of best practice corporate governance

  • Assessment of compliance with social security and employee benefits legislation as well as internal policies

  • Advice on whether benefits and employment policies match best practice amongst employers in China

Annual Watson Wyatt PRC Employee Benefits Survey for local employees and
    expatriates toidentify and quantify the latest trends in employee benefit provision

Watson Wyatt’s unique Web-based Bilingual Benefits Management System to
    maximize the efficiency and effectiveness and delivering benefits to
    your employees:

  • Benefit Choice/Flex

  • Retirement

  • Housing/font>

  • Stock option

  • Medical and life insurance

  • Total compensation and benefits statement

Design and Implementation of employee benefits programs

  • Provide strategic solutions including benefit choice/flex plans to support your business needs

  • Expertise in:

    • Healthcare

    • Life and accident

    • Retirement

    • Incentive

    • Housing

    • Car benefits

  • Proven problem solving process: Diagnosis → Design→ Delivery (DDD):

    • Alignment between employer and employees

    • Market competitiveness assessment

    • Quantitative analysis

    • Taxation implications

    • Administration platforms

    • Implementation

    • Governance process for on-going review and management

Provider selection:

  • Watson Wyatt is independent of all insurance companies, financial institutions and other service providers

  • Watson Wyatt’s advice is based on in-depth research of providers’ capabilities in China

Communication with employees about their compensation and benefits:

  • Communication strategy (alignment with other business communications)

  • Focus groups/employee meetings

  • Employee handbooks

  • Web based tools

.