Designing and running a successful global mobility program is not for the faint of heart. You need to make sure your policies are competitive (but not too competitive), monitor trends and budgets on a daily basis, stay on top of compliancy and be able to nose-dive into the details of any particular move at a moment’s notice.
According to the article below from the most recent Global Tax Network newsletter, Christine Midwood from AIRINC explores what some of the best mobility programs do right. Making good decisions, ensuring effective governance and communicating creatively, are three of those best practice actions mentioned.
Do you currently have a definition for a world-class mobility program? What do you see as the most important element(s) that must be addressed for moving your mobility program into world-class status? What exactly does your program need in order to reach world-class status?
For more thoughts on the topic, try: Only 3%? What does it take to be a world-class mobility program?
How does your Mobility Function know it is successful? 87% of respondents in our survey said that they quantify success by the positive feedback received from the business. However, many participants in the survey responded that they didn’t always engage the business when considering policy changes. In our experience, gathering input from the business and using tools provided by your mobility partners to model the impact of changes on the assignee population enables the Mobility Function to make the best possible decisions. By focusing on good decision-making, effective governance, and creative communication, you will ensure you and your company are on the path to building and maintaining a successful mobility program.