Benefits

International Consulting

Borders are disappearing, economies remain precarious and labor has become increasingly mobile. In this environment, how do you oversee a global workforce, programs and
systems and maintain appropriate business practices in each country where you have operations?

With 14,000 associates in 34 countries, Towers Watson navigates the challenge of doing business across borders every day. Our International Consulting Group (ICG) is the largest team in the industry focused specifically on managing multinational challenges. Together, the ICG and our local teams work seamlessly with your headquarters to manage people and financial issues consistently and efficiently across your global operation.

Our proven actuarial expertise is why more of the world’s multinational companies turn to us for global support than any other actuarial consulting partner. In addition to our technical capabilities, we know how to respond to the complexity and risk that come with working in different languages and cultures, with varying local requirements and changing legislation.

Supporting our global and local expertise is a suite of integrated global tools and data. Five of the Fortune 20 trust BenTrack, our online compensation and benefit management tool. Multinationals turn to our Global Benefits Benchmarking Database for market practice data across industry sectors and countries — and to our global actuarial tools to help them meet their reporting and cost/risk management needs.

Our services include:

Assistance with global mergers and acquisitions
Global actuarial services
Multicountry solutions, including multinational pooling of insurance, captives for employee benefits, and cross-border and international pension plans
Assistance with expansion into new territories
Global oversight and governance expertise
Global benefit strategy and review
Benefit inventories/audits
Global pension/benefit risk assessment, monitoring and mitigation
Global total rewards consulting
Consulting on global health care and well-being
Employee mobility strategy and implementation

Why Towers Watson?

When it comes to working with multinationals, we’re a market leader. The ICG comprises over 160 dedicated staff, including senior consultants with over 20 years of international consulting experience, making it the largest group in the industry to focus specifically on multinational issues. Over 230 multinational companies trust us as their global actuary, more than any other firm, and we carry out approximately 300 global due diligences a year.

We work with more 75% of the Fortune 500, provide actuarial services to three of the four largest corporate-sponsored defined benefit plans in the United States (based on total pension plan assets) and consulting services to 43 of the top 100 corporate pension funds in the United Kingdom.

We have a track record of being first globally: Towers Watson was the first major professional services company approved to serve pension funds in Japan and to open an office in China. We were also the first of any major professional services company to open a dedicated research center in Latin America. We developed the first cross-border pension plan, introduced the stable value plan in the United States and designed the first flexible pension plan in Canada.

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Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 14,000 associates around the world, we offer solutions in the areas of employee benefits, talent management, rewards, and risk and capital management.

Towers Watson

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