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The European Pensions and Benefits Environment: A Complex Ecology

U.S. and European job markets remain competitive for qualified employees and executives. Many companies are faced with the difficulty of retaining and motivating executives in global employment markets characterized by increasing executive mobility. Compensation remains a key part of retention and recruitment, but retaining high-performing employees has become much more difficult and competitive in a global market. U.S. companies are investing overseas, and many U.S. companies are making strategic acquisitions in Europe that will allow for the growth required by shareholders. International mergers and acquisitions further demonstrate the impact of EU legislation on U.S. businesses. Regardless of size, U.S. businesses operating overseas are facing similar workforce issues and challenges. U.S. companies with European operations are already well aware of the growing impact of European law. This article highlights current HR issues in Europe and discusses what companies can do to develop competitive compensation and benefit packages that are attractive to their current and prospective employees across borders while also complying with the various regulations in place throughout Europe.