February 24, 2020
Today more than ever, we need our team members to feel part of one global family. Our international team members are valuable assets and we want to retain them. Studies show that providing disaster and hardship relief funds increases retention and gets them back to being productive team members on a more-timely basis. Yet many organizations are hesitant to include their international team members in their relief funds. They are afraid of the unknown including the administrative costs, compliance requirements, and the logistics of getting the funds to the grantee. Given the numerous international disasters and traumas including the Coronavirus outbreak, we need to respond and become comfortable with providing aid to our team members internationally. Increasingly domestic team members want a vehicle to help their counterparts around the world.
The first step is to find a partner who understands the administration of international grants. Generally, the administrative costs of international grants should not be significantly higher than domestic grants. However, to minimize costs, you have to be thoughtful in addressing the unique circumstances of awarding grants in multiple countries.
EAF has developed relationships with international financial services firms who know the local compliance requirements and can seamlessly transfer the funds directly to the grantee’s bank account. Our experience allows us to anticipate the information requirements for each country. For example, Russia requires multiple tax identification codes while the Philippines may ask for birth dates and proof of citizenship. The experience that EAF has in awarding international grants allows them to guide you through each of the issues discussed above, eliminating the fear of the unknown. Your international team members deserve the same support your domestic team members receive. The rewards will be great from the heartfelt thanks, to increased team member retention to happier, more productive team members very loyal to your organization.