STRIKING THE BALANCE: PART 1 - ELEVATING EMPLOYEE EXPERIENCE AND CONTROLLING COSTS
Mobility and HR practitioners are increasingly being faced with walking the tightrope between enhancing the mobility experience for employees while at the same time controlling costs. This is no easy task. Sirva has gathered insights from Mobility leaders on the innovative strategies, best practices, and practical solutions they are deploying to achieve this delicate balance.
In Part 1, we take a look at what is trending in the areas of employee well-being and experience, regulatory changes, and adoption of technology. In Part 2, coming soon, we’ll take a closer look at some of the strategies Mobility leaders are deploying.
WHAT’S TRENDING?
With an ongoing focus on employee experience and cost control, common themes and trends among Mobility professionals have emerged:
Employee Well-being and Experience
- Flexible work arrangements — growing emphasis on accommodating the diverse needs of relocating employees, including remote work, asynchronous schedules, and outcome-based performance evaluations.
- Community and cultural integration — destination experience allowances, spousal “buddy programs”, and cultural exchange sabbaticals are emerging as popular offerings. This supports diverse cultural, linguistic, and work experiences for employees, while fostering personal and professional growth.
- Wellness and health benefits expansion — global wellness passports are gaining popularity, providing relocating employees access to wellness services globally, fostering physical and mental well-being during an international assignment.
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73% of organizations offer some form of flexible work arrangement to accommodate employee relocations, such as remote work options or flexible scheduling during transition periods. - WERC Survey |
Regulatory Changes
- Shifts in global immigration policy — driven by political and economic factors, global immigration policy shifts are impacting mobility management strategies and compliance.
- Emerging data localization laws — data privacy and sovereignty concerns are driving the introduction of data localization laws, mandating that organizations store and process data within defined geographical boundaries.
- Taxation and social security changes — countries are implementing various tax policy changes, including adjustments to corporate tax rates and social security contributions.
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87% of global organizations are increasing their focus on data privacy and protection compliance.
- Ernst & Young Survey |
Technology Adoption
- AI and automation integration — AI-powered platforms are increasingly optimizing relocation processes, improving employee engagement, and enabling data-driven insights for mobility management.
- Reporting and data analytics requirements — increased reporting requirements are making data analytics and predictive modeling critical for proactive decision making, risk mitigation, and cost optimization in mobility program management.
- Sustainability tracking — advancements in tech tools are emerging for calculating carbon footprints, recommending eco-friendly housing options, and facilitating sustainable transportation choices for relocating employees.
Keep an eye out for Part 2 of Striking the Balance. If you would like more information about balancing the employee experience with cost control. please email us at concierge@sirva.com or reach out to your Sirva representative.
Learn more:
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| Global Mobility Cost Optimization | The Rise of Remote Working: Impacts on Talent Mobility | How ESG Macro-Trends Influence Mobility Strategies |
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