Global mobility plays an important part in global growth. Recent Mercer surveys confirm that the number of international assignments has increased over the past two years and will continue to grow. While most organisations have a comprehensive mobility programme, many are unaware of hidden costs, risks, liabilities and inefficiencies. Mercer and Marsh, have developed the industry's first Global Mobility Programme Scanner, which reviews all aspects of a comprehensive mobility policy. The Scanner process provides specific guidance for addressing identified risks and stream-lining your programme.
The scan provides a high-level assessment in 7 key areas:
◼ | GLOBAL MOBILITY PROCESS |
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◼ | CORE BENEFITS: RISK AND MEDICAL | |
◼ | CORE BENEFITS: RETIREMENT | |
◼ | ASSIGNMENT PREPARATION AND CONDITIONS | |
◼ | ALLOWANCES AND OTHER ASSIGNMENT PROVISIONS | |
◼ | COMPENSATION | |
◼ | GENERAL RISK MANAGEMENT FRAMEWORK | |
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The scanner integrates all the aspects of Mercer's mobility-related services with cross-functional expertise in compensation, retirement schemes, and health and personal protection plans. The scanner also integrates the general corporate risk aspects as they may relate to mobility from our sister company Marsh. Mercer and Marsh will provide you with a high-level assessment of your programme as well as identify and map the risks associated with it. We will indicate best market practices and make recommendations specific to the risk areas.
Coordinated by a single project manager, the scanner will be used as a platform to review and identify:
"We developed an international compensation system to facilitate the mobility of our top executives. This global compensation grid is complemented by a retirement system that protects the rights of these employees, who won't necessarily return to their country of origin. We deal with a single project manager at Mercer who coordinates these various aspects internally."
*****
"Thanks to its cross-functional expertise in local compensation, complementary retirement schemes, and health and personal protection plans, Mercer has enabled us to develop a relevant localisation policy. We have achieved our goals to optimise our international mobility costs while maintaining the social protection of our employees at an acceptable level with the help of innovative schemes."
*****
"We wanted to optimise our international mobility policy as part of a cost-reduction strategy. We were considering reducing payments in certain bonus categories, like cost-of-living differentials. But we discovered, thanks to Mercer, that this approach could give rise to staff problems, whereas the greatest optimisations centred on health/personal protection insurance plans. Mercer performed an in-depth survey and suggested a new insurer offering equivalent conditions at a lower rate. We have exceeded our cost-reduction targets and still manage to offer our expatriate staff an appealing package."
*****
"Mercer helped us define and formalise our international
mobility policy, complete a dedicated guide
for Human Resources, and optimise our mobility
organisation and management processes to more
effectively apply the policy and optimise operational
efficiency."
GLOBAL MOBILITY PROCESS |
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CORE BENEFITS — RISK AND MEDICAL |
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CORE BENEFITS — RETIREMENT |
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ASSIGNMENT PREPARATION AND CONDITIONS |
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ALLOWANCES AND OTHER ASSIGNMENT PROVISIONS |
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COMPENSATION |
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GENERAL RISK MANAGEMENT FRAMEWORK |
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Ellyn Karetnick
Carlos Mestre
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Mark Price
Norbert Lochmann
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