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Products & Services Human Resources Employee Training and Development

Domestic Relocations and Assignments: Best Practices and Benchmarks

ID: 4952


Features:

7 Info Graphics

22 Data Graphics

100+ Metrics


Pages/Slides: 50


Published: Pre-2014


Delivery Format: Online PDF Document


 

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Corporate: Authorizes use for the entire company for a year and copies can be printed. No limitations for usage inside the company.




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  • STUDY OVERVIEW
  • BENCHMARK CLASS
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"Domestic Relocations and Assignments: Best Practices and Benchmarks"


STUDY OVERVIEW

As best-in-class companies prepare for the retiring baby boomers, many will try to develop existing employees to fill vacant positions from within. One of the tried and true methods for development remains rotational tracks. Part of this process requires a smooth transition as the employee jetsets around the US, potentially working on assignments or relocating 1-2 times per year. Best Practices, LLC conducted this research to identify the secrets to success for Domestic Mobility functions.

SAMPLE KEY FINDINGS

- Benchmarking research showed that the average administrative cost per domestic relocation was $513.

- The most common activities performed within the Domestic Mobility function include process management, vendor management, vendor selection and customer relationship management. Other activites include:

KEY TOPICS COVERED IN THE RESEARCH

  • Program structure
  • Program costs and staffing levels
  • Use of assignee management systems
  • Common services offered
  • Benefits offered/provided
  • Lump sum payments provided
  • Outsourcing
  • Volume of assignments and relocations handled per company
  • Program performance / productivity
  • FTE allocations by area
  • Customer satisfaction measures used
  • Quality measures used
  • Cycle time measures used
  • Best practices

KEY METRICS BENCHMARKED
  • Administrative cost per average move
  • Administrative cost per short term assignment
  • Admin. cost per long-term assignment
  • Admin. cost per domestic relocation
  • Admin cost per new intern, new hire, or employee relocation
  • Labor cost per FTE
  • Administrative cost of International Mobility function per company employee
  • Admin cost per $100M in company revenues
  • Cost of sample domestic assignment

METHODOLOGY

This study was conducted through an online survey of selected International Mobility functions at Fortune 500 companies within ten different industries.

Industries Profiled:
Financial Services; Banking; Computers; High Tech; Chemical; Defense; Pharmaceutical; Biotech; Health Care; Academic; Consumer Products; Aerospace; Automobile; Manufacturing; Multiple


Companies Profiled:
American Express; Bank of America; EDS; ExxonMobil; Lockheed Martin; Pfizer; Proctor & Gamble; Boeing; Dow Chemical; Toyota

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.