Remuneration in Africa - a comparison of five countries

Article Abstract:

An analysis of the trends in remuneration and employee benefits, including company cars, housing, pensions, medical and life cover, and loans, of multinational companies in Botswana, Ghana, Kenya, Zambia and Zimbabwe is presented. Several trends has been derived by the analysis, such as the provision of extensive benefits, granting of cleaner, cash-based packages where many benefits being encashed are either paid as allowances or incorporated into basic salaries, and a move toward performance-based pay. One particular employment characteristic that all five countries share is the difficulty of recruiting and retaining highly skilled employees.

Wage Administration, Social aspects, Employment, Compensation management, Wages, Wages and salaries, Africa, Ghana, Zimbabwe, Kenya, Africans, Botswana, Zambia

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Evening up the odds - how a multinational can control the risks in risk benefits

Article Abstract:

Techniques developed in the UK to help multinational corporations arrange insurance programs for the risk benefits they provide their employees are presented. These include analyzing past claims experience to obtain claims rate per employee, predicting the probability of maximum cost for a specified period and creating a probability distribution with which to predict claims outgo. The three types of available coverage and the need to watch out for assumptions related to health control are also discussed.

Life insurance, Industrial Life Insurance, Analysis, Business insurance, Disability insurance, Risk (Insurance)

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Coping with the competition

Article Abstract:

Many German companies are using insurance firms as a financing medium for covering occupational pension programs. These insurance firms offer several insurance options, including the insurance of a proportion of each risk benefit and the reinsurance of the unfunded book-reserved liability for death and or disability claims, allowing German companies to provide their employees with sufficient risk and or old-age benefits at reduced costs.

Germany

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