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.
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.
