Mobility Advisory Services
Policy enhancement
Disruption tied to COVID-19-related measures, including regulatory changes, a remote workforce, and new supply chain and distribution channels, has accentuated the need for firms to have strong, and agile, policies and procedures in place. It has simultaneously prompted firms to reassess the success of and value realized from their existing policies and policy management processes across business and operational functions. As they wrestle with how to increase efficiency and effectiveness, three priorities emerge:
Simplification
Integration with controls
Automation
Our newest Point of View explores the current state of policies and policy management. It also looks at approaches to transform processes and create greater alignment between a firm’s policies and its strategy, culture, speed to market, efficiency, and regulatory mandates and expectations..
Cost projection
The decision to send an employee on an international assignment in a cost-conscious environment is fraught with challenges for human resources. However, whether the assignment is to last three years or three months, with or without accompanying family members – and taking into account all other diverse factors – the overriding challenge of "how much will this cost?" remains the same. Consider the financial reality: a typical long-term assignment can often cost an organization between two and three times the individual's base salary.
As a liaison between expatriates and the rest of the company, HR must balance two sometimes conflicting aims: achievement of corporate goals versus implementation of reasonable and competitive pay packages. Closely analyzing and monitoring both necessary and discretionary expenditures involved in the assignment can help HR simultaneously satisfy top management and expatriate needs. In addition, reconciling estimated costs against actual expenditures allows the company to create a realistic budget for the years ahead and improve global staffing strategy.