An effective mobility policy, linked to talent management, is at the heart of a successful global mobility programme, and regular reviews are key to ensure the mobility policy remains aligned with the wider aims of the business.
With assignment types changing dramatically over the past 10 years or so, and the traditional long-term assignment being replaced by a variety of more-targeted shorter duration assignments and an increase in one-way transfers, regularly reviewing relocation policies and entitlements is a critical factor in ensuring the programme keeps pace with business needs and wider legislation.
In our experience, any external policy review must first understand the corporate culture of the client organisation, as the guiding principles of the policy will usually be aligned to both the corporate strategy and ethos. An external review must start with these guiding principles as the foundation.
In undertaking a review, we will work with key stakeholders within the client company at all times, to ensure a holistic approach. The review may start with a benchmarking exercise comparing the existing policy with those used by similar organisations to highlight any obvious areas of shortfall; once this exercise has been completed we will use our detailed knowledge to suggest enhancements, bringing in our expert partners in tax and other specialist areas as necessary to ensure these recommendations are fully compliant.
Any changes proposed – whether a complete review or for relatively minor changes - will be supported by a cost benefit analysis detailing any costs to change and the savings which can be realised through implementation.
Finally, we will provide a suggested communication plan for key stakeholders and assignees, and establish an audit process so the success of the changes can be reviewed using hard data.