xpath.Nexus #13 | Cost Containment: Revising Global Mobility Policies

Cost Containment: Revising Global Mobility Policies for the Future

In a recent LinkedIn Live event, Madalina Andrei, host of the xpath.global “xpath.Nexus” series, discussed the evolving landscape of global mobility. This episode, titled “Cost Containment: Revising Global Mobility Policies,” marked the 13th in the series and focused on strategies for managing costs in international assignments while maintaining high performance levels among assignees.

Introduction to xpath.global and the “xpath.Nexus” Series

xpath.global, a pioneering digital marketplace in the global mobility sector, hosted this event. As the first sustainable e-commerce platform in this field, xpath.global connects local and regional experts with corporate clients worldwide, offering services such as immigration, visa, tax, social security, and relocation assistance. The “xpath.Nexus” series aims to share best practices, promote learning, and foster growth within the global mobility community.

The Rising Complexity of Global Mobility

The event highlighted the increasing complexity of global mobility due to the growing diversity of the expat community and the expansion of companies into new markets. This growth often requires creating infrastructure from scratch, leading to significant costs. Madalina Andrei emphasized the need for revising global mobility policies to manage these costs effectively while ensuring that assignees remain productive and satisfied.

Key Strategies for Cost Containment

1. Location Considerations: Michael Tomsett from Packimpex emphasized the importance of “location, location, location” in managing costs. Understanding local laws, labor regulations, and the accessibility of essential services can significantly impact the success and cost-efficiency of international assignments.
2. Tailored Incentives and Compensation: Sandra Corona discussed the importance of providing personalized support and incentives for assignees. This includes offering stock options, salary increases, and unique benefits to foster a sense of belonging and inclusivity. Such incentives help retain talent and ensure high performance during international assignments.
3. Flexible and Project-Based Assignments: The trend toward shorter, project-based assignments was another focus. Companies are increasingly opting for flexible assignment durations to contain costs and address specific project needs. This approach requires a careful selection of candidates and tailored support to ensure successful outcomes.
4. Effective Repatriation Strategies: Both Sandra Corona and Sandrine Bardot stressed the importance of planning for repatriation early. This includes career planning and support throughout the assignment to ensure a smooth transition back to the home country. Companies must provide resources to help assignees reintegrate and apply newly acquired skills within the organization.
5. Cost-Effective Service Delivery: Michael Tomsett noted that companies are increasingly focusing on the flexibility of service delivery. This includes offering tailored services such as orientation tours and support programs for both newcomers and repatriates. These services can be customized based on the needs of the assignees, thus optimizing the use of resources.

Conclusion

The “Cost Containment: Revising Global Mobility Policies” episode provided valuable insights into the evolving strategies in global mobility management. As companies navigate the complexities of international assignments, focusing on cost containment while maintaining high levels of assignee satisfaction and performance is crucial. The discussion underscored the importance of flexible policies, tailored incentives, and effective repatriation strategies in achieving these goals.

For companies looking to refine their global mobility policies, adopting a comprehensive approach that includes these elements can lead to better outcomes for both the organization and its employees.

To learn more about xpath.global’s global mobility management system, book a meeting here: Book a demo – Human Resource Professionals – xpath.global