Compensation Case Study - Remote Work Allowance #2

    Mar 25, 2022 @ 07:00 AM / by Andrea Downing

    Comp case-1

    Client Challenge #8:

    A large financial institution was transitioning to a remote-focused work environment and needed to provide an ongoing monthly payment to cover home office expenses such as broadband internet, office space, etc. They wanted to provide an allowance to avoid the administration of reimbursing employees for individual expenses. They also wanted the allowance to be based on actual costs in each location and updated over time.

    AIRINC-Allowances-People-looking-at-large-document@2x-1030x754

    Solution:

    AIRINC worked with the client to determine the right market basket of goods that they wanted to support. We mined our data to provide specific costs for the items that they were looking to cover in the allowance, such as broadband internet, mobile phone plans, etc. We created a data model to estimate average home office sizes by country and determined the required heating and electricity costs for those home offices.


    This model met the client’s expectations and we were able to quickly deliver the results. The client confirmed that the work-from-home allowance was a welcomed benefit and helped them to successfully enact their move toward remote work.

     

    Contact us to learn more

    Contact Us

     

    More from the compensation series:

    Compensation Case Study - Cost of Living Ranking

    Compensation Case Study - Establishing a globally equitable wellbeing reimbursement benefit

     

    Topics: Cost of Living Surveys, Global Mobility, Workforce globalization, Employee Compensation, Remote worker, Global Compensation, Total Reward, Distributed Workforce, Compensation, GRI, Global Reward, benefits

    Andrea Downing

    Written by Andrea Downing

    Andrea joined AIRINC in 2014 as a Client Solutions Executive with over fifteen years’ experience in global mobility with expatriate data consultancies. Andrea is the first point of contact for clients within the EMEA region that are managing their first international assignments; she also develops relationships with partner companies in EMEA. Andrea’s experience ranges from conducting pricing surveys to managing consulting projects, providing a full understanding of all the issues clients face with cross-border moves. Andrea has a BSc (Hons) Degree in Biological Sciences from Middlesex University.