Eighty-seven percent of companies report using one-way transfers for truly permanent international moves (the employee is not expected to return to the origin). Almost all survey participants report using international one-way transfers in their purest sense: when an employee’s position permanently moves to another country or when there’s a need to build long-term talent capacity in that country – with the key being that these are essentially permanent moves without future mobility envisioned.
Lump sums can be a valuable tool that provides employee flexibility and choice, reduces administration, and delivers cost transparency to the business. We have learned a lot from key clients and partners in the development of our new lump sum offering and would like to share some key insights from industry professionals on how to successfully implement a lump sum program.
AIRINC was a proud sponsor at the recent Virtual Mobility Forum (VMF) organized by Jasper Events. Long considered to be one of the top organizers of global mobility events in the Australia-New Zealand region, this year's Jasper Events Virtual Mobility Forum expanded participation to included mobility professionals from across the entire APAC region.
COVID-19 has propelled the digitalization of the workplace and the rise of remote work. Capitalizing on the appeal of its advanced infrastructure and digital connectivity, Dubai recently launched a new visa programme
86% of respondents to our Remote work and the impact of COVID-19 on mobility survey anticipate that remote-work requests will increase in 2021, but only 34% of these respondents report that they have a remote work policy.
In AIRINC’s 2020 Mobility Outlook Survey, 60% of companies said they offered some form of lump sum as part of their mobility program. Lump Sums are so popular because they can address a variety of goals in one neat, simple package, for example:
As the world continues to grapple with COVID-19, companies are taking this time to understand and learn from this once in a lifetime experience. The Pharma industry has taken this period to focus on the mobility program and strategy. We found 3 key highlights from our recent COVID-19 benchmark.
Remote working and virtual assignments are on everyone’s lips at the moment. There is a lot of speculation out there, but until now, relatively little that is concrete.
COVID-19 business recovery efforts are resulting in an expanding array of creative solutions to fill talent needs on a global basis. One such solution is the use of intra-company cross-border transfers.
There is no doubt that COVID-19 has caused an unprecedented reliance on remote work. However, how those changes will transform the future of working environments and policies remains a question on many companies’ minds.
