How do you align benefits administration with global mobility objectives and metrics?

1 Define your global mobility objectives and metrics

Before you design or review your benefits administration, you need to have a clear vision of what you want to achieve with your global mobility program. What are your business goals, such as expanding into new markets, developing talent, or optimizing costs? What are your employee goals, such as enhancing career opportunities, increasing diversity, or improving well-being? How do you measure the success of your global mobility program, such as return on investment, satisfaction, or performance? Having a clear and consistent framework of objectives and metrics will help you align your benefits administration with your global mobility strategy and policy.

2 Benchmark your benefits administration

Once you have your global mobility objectives and metrics, you need to assess how your current benefits administration compares to them. You can do this by benchmarking your benefits administration against your competitors, industry standards, and best practices. You can also survey your employees and stakeholders to get their feedback and expectations. Benchmarking your benefits administration will help you identify gaps, opportunities, and risks, and prioritize areas for improvement or innovation.

3 Customize your benefits administration

After you have benchmarked your benefits administration, you need to customize it to fit your global mobility objectives and metrics. You can do this by tailoring your benefits administration to the specific needs and preferences of your different employee segments, such as assignees, local hires, or commuters. You can also adapt your benefits administration to the different legal and cultural contexts of your host countries, such as compliance, taxation, or social security. Customizing your benefits administration will help you enhance your employee value proposition, increase your competitiveness, and reduce your complexity and costs.

4 Communicate your benefits administration

Another important step to align your benefits administration with your global mobility objectives and metrics is to communicate it effectively to your employees and stakeholders. You can do this by creating clear and consistent policies and guidelines, using various channels and formats, such as online platforms, newsletters, or webinars. You can also educate and train your employees and stakeholders on the benefits administration, using scenarios, examples, or FAQs. Communicating your benefits administration will help you increase your transparency, trust, and engagement, and avoid misunderstandings, errors, or disputes.

5 Evaluate your benefits administration

The final step to align your benefits administration with your global mobility objectives and metrics is to evaluate it regularly and systematically. You can do this by collecting and analyzing data on your benefits administration, such as usage, costs, or outcomes. You can also solicit and monitor feedback on your benefits administration, such as surveys, reviews, or testimonials. Evaluating your benefits administration will help you measure its effectiveness and impact, identify strengths and weaknesses, and make adjustments or enhancements as needed.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?