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Best Practice Database
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Although the global economy continues to shape the fate of many Fortune 500 companies, budgeting and staff for international relocations and assignments programs has declined for many. Best Practices, LLC conducted this research to identify the best practices and performance benchmarks associated with best-in-class International Mobility functions or programs.
SAMPLE KEY FINDINGS
Several participants had fully outsourced programs. The only activities performed within the company were "vendor management" and performance/cost reporting activities. The rationale from one of the directors at a company with this model was as follows: "Focus on what you know how to do, and find external resources to do the rest."
Benchmarking research showed that the average administrative cost per international relocation was $8,668 including the cost of tax administration programs. Best-in-class companies were able to relocate employees internationally for 45% less, or on average $4,681.
KEY TOPICS COVERED IN THE RESEARCH
This study was conducted through an online survey of selected International Mobility functions at Fortune 500 companies within ten different industries.
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.