Harnessing data for global mobility success
The role of global mobility (GM) teams is key for today’s international workforce. They play a pivotal role in ensuring smooth relocations so employees transitioning to new countries feel supported every step of the way. Icon’s CEO Simon Johnston and digital director Shaun Flanagan explain top-class technology’s role in supporting relocation and GM teams.
G
M teams help assignees thrive in their new roles by setting policies, managing suppliers and
maintaining open communication. Yet working to tight budgets and navigating unpredictable markets is no easy task. As the world moves towards a tech-based future, could data be central to helping GM teams overcome these hurdles and manage seamless relocations? One of the biggest concerns for
GM teams is ensuring they always provide the right level of support to employees. As market conditions and personal needs evolve, this can be challenging. In a constantly shifting environment, how can they know exactly what kind of support to offer? GM must continuously take the pulse of changing markets and circumstances; a task that’s much easier said than done. Without this knowledge, GM can
Simon Johnston – CEO, Icon
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Shaun Flanagan – digital director, Icon
easily miscalculate and agree policies that set assignees up for failure. Given the cost of relocation – and of failure – finding the balance between budgets and benefits is vital. As costs
escalate, it is becoming increasingly difficult to find this balance. And with GM teams under pressure to deliver within tighter budgets and ensure allowances are used wisely, they must be able to monitor assignments easily, as well as the environment they take place in.
BALANCING PRIORITIES So, how can data help? Let’s take the task of setting rental allowances for assignees as an example. Where employers fund assignees’ rental properties, allowances dictate the maximum amounts a company will pay. These are typically adjusted for family size and often set by office location or region. Recommending a budget for multiple property sizes in multiple regions requires a deep understanding of the complexities of the rental property market. It’s also not just about understanding current rental prices – GM teams must also be able to forecast changing patterns over the next 12 months. The rental property market is anything but straightforward or
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