5 Reasons Global Mobility Cost Projections Are Essential

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Generating a cost estimate for every relocation and assignment is a crucial step in ensuring ROI for your globally mobile employees. Learn why in this short presentation.

Technology

5 Reasons
Global Mobility
Cost Projections
Are Essential

Acme Global is expanding from
their U.S. headquarters and
opening their first office.

The leadership team is in favor of sending their
marketing VP, Chris, on assignment to the UK
for three years to help establish the new office.

Chris has been with the
company since its founding 6
years ago and will be an
essential bridge between HQ
and the new global team.

Jennifer, the Head of Mobility, asks if
they’ve run the cost projections yet.

Jennifer points out
that the cost of the
assignment is
more than just
Chris’s salary.

A global assignment’s cost
needs to take more than
salary into consideration:

A global assignment’s cost
needs to take more than
salary into consideration:
Housing stipend and relocation costs•

A global assignment’s cost
needs to take more than
salary into consideration:
Housing stipend and relocation costs
Ongoing transportation between HQ
and the new office
•
•

The company
needs these
projections in
hand for five
important reasons

Reason 1
To decide whether or not
to send.
How much is having this
bridge and culture champion
worth to the company? $1 mil?
Is it still worth it at $3 mil?

Reason 2
To identify whom to send,
where, and for how long.
It may make more sense to
send an up-and-coming
director rather than a senior
executive.

Reason 3
To demonstrate the
concrete business value of
global mobility programs
and policies.

Reason 4
To develop
appropriate pricing.
Estimate too low, and
unforeseen expenses will eat
into your margins; too high and
you could lose out to
regional competitors.

Reason 5
To enable cost awareness
and control.
Without any oversight in
place, the company could end
up stuck with expensive
mistakes, like unexpectedly
increasing housing and
transportation costs.

With all this in mind,
the team asks
Jennifer to provide
them with
projections at the
next team meeting.

After running the numbers, Jennifer finds it
makes good sense to send Chris on assignment.

And thanks to her due
diligence, Jennifer has
reinforced trust in the
global mobility team, and
shown the business value
of mobility assignments.

To learn more about how a Global Mobility
Management Solution can help your
company scale, download our free Global
Mobility 101 e-book.

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5 Reasons Global Mobility Cost Projections Are Essential

1. 5 Reasons Global Mobility Cost Projections Are Essential

2. Acme Global is expanding from their U.S. headquarters and opening their first office.

3. The leadership team is in favor of sending their marketing VP, Chris, on assignment to the UK for three years to help establish the new office.

4. Chris has been with the company since its founding 6 years ago and will be an essential bridge between HQ and the new global team.

5. Jennifer, the Head of Mobility, asks if they’ve run the cost projections yet.

6. Jennifer points out that the cost of the assignment is more than just Chris’s salary.

7. A global assignment’s cost needs to take more than salary into consideration:

8. A global assignment’s cost needs to take more than salary into consideration: Housing stipend and relocation costs•

9. A global assignment’s cost needs to take more than salary into consideration: Housing stipend and relocation costs Ongoing transportation between HQ and the new office • •

10. A global assignment’s cost needs to take more than salary into consideration: Housing stipend and relocation costs Ongoing transportation between HQ and the new office Schools and other family accommodations

11. A global assignment’s cost needs to take more than salary into consideration: Housing stipend and relocation costs Ongoing transportation between HQ and the new office Schools and other family accommodations Replacement costs for the existing role • • • •

12. The company needs these projections in hand for five important reasons

13. Reason 1 To decide whether or not to send. How much is having this bridge and culture champion worth to the company? $1 mil? Is it still worth it at $3 mil?

14. Reason 2 To identify whom to send, where, and for how long. It may make more sense to send an up-and-coming director rather than a senior executive.

15. Reason 3 To demonstrate the concrete business value of global mobility programs and policies.

16. Reason 4 To develop appropriate pricing. Estimate too low, and unforeseen expenses will eat into your margins; too high and you could lose out to regional competitors.

17. Reason 5 To enable cost awareness and control. Without any oversight in place, the company could end up stuck with expensive mistakes, like unexpectedly increasing housing and transportation costs.

18. With all this in mind, the team asks Jennifer to provide them with projections at the next team meeting.

19. After running the numbers, Jennifer finds it makes good sense to send Chris on assignment.

20. And thanks to her due diligence, Jennifer has reinforced trust in the global mobility team, and shown the business value of mobility assignments.

21. To learn more about how a Global Mobility Management Solution can help your company scale, download our free Global Mobility 101 e-book.

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