How do your policies measure up?
Can you prove that your strategy for rewarding and managing expatriates is working? Are your policies fair compared to what your competitors are doing? Can you document what you need to get support from other decision makers?
Using the unparalleled data from the latest research, we will provide you with custom benchmarking consulting and assess your mobility program using an array of precise policy benchmarking tools. We'll work with you to identify gaps in your policy that could be costing you money or valuable competitive advantages.
Why Benchmark?
Validate your company's competitive position:
- Identify possible improvements and cost savings
- Align expatriate policy with overall business objectives
- Define policy changes necessary to remain competitive
- Build a business case for policy changes
- Facilitate exception management
- Help managers understand current practices and evolving market trends
- Calibrate your market position
- Attract and retain the right workforce
- Learn about innovative ideas for managing a changing mobile workforce
Policy Benchmarking Options
Mercer offers two benchmarking options of your typical long-term assignment policies, Desktop Review and Comprehensive Review, as well as provides a policy review and benchmarks for six alternative types of assignment.
We can also create a custom benchmarking package for your needs, whether you have one universal expatriate policy or segmented policies for various assignment and expatriate types.
Desktop Review
Policy Elements
- Cost of Living Allowance (COLA)
- Incentives
- Hardship
- Home and host housing
- Miscellaneous Relocation Allowance
- Home leave
- Taxes
- Dependent education
- Spousal support
Comparators / Data Cuts
Two Cuts:
Optional:
A custom peer cut of the WIAPP database may be added to a Desktop review at any additional cost
Deliverables
A comprehensive report covering:
- Relevant observations for your company
- General market review of policy elements above, at, and below market
- Mercer recommendations
Consultation time:
- A half-day internal fact-finding
- A half-day consulting review of Mercer findings and recommendations
Comprehensive Review
Policy Elements
- Cost of Living Allowance (COLA)
- Incentives
- Hardship
- Home and host housing
- Miscellaneous Relocation Allowance
- Home leave
- Taxes
- Dependent education
- Spousal support
- Demographics
- Assignment drivers & barriers
- Policy design
- Program administration
- Social Security
- Location premiums
- R&R
- Security & emergency evacuation
- Utilities
- Transportation
- Airfare
- Family support
- Shipping & storage
- Repatriation
- Compliance
- Localization
Comparators / Data Cuts
Three Cuts:
- Regional
- Fortune 100
- Custom peer cut of companies of your choice (at least eight companies
Deliverables
A comprehensive report covering:
- Relevant observations for your company
- Custom comparator review of policy elements above, at, and below market
- General review of cost savings opportunities
- Mercer recommendations
Consultation time:
- A full-day internal fact-finding
- A full-day consulting review of Mercer findings and recommendations
- Weekly project maintenance calls