Twelve months ago, almost every conversation in the U.K. was dominated by Brexit. News channels, radio shows, and documentaries were fixated on the countdown for the United Kingdom leaving the EU.
While the trend on work from home flexibility has increased over recent years, we see an expanded work from anywhere (WFA) as a growing option as a result of COVID-19. Work location has always been a key element of the compensation pillar.
As a long-time Compensation consultant and senior instructor at WorldatWork, I have always taught that cost of labor was the right metric to use when setting pay as well as assessing geographic differences. Cost of labor is the assessment of the supply and demand of labor in a labor market via relevant compensation surveys. With the current environment of distributed workforce, I am changing my view on adjusting pay for geographic differences.
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.
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:
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.
In the likely case that remote work is here to stay, an agile mobility team can play an important role in effectively managing remote work. This guide offers a framework for how your mobility departments can assist your organization in developing policies and processes to manage a compliant and productive remote workforce.
COVID-19 and subsequent social distancing protocols have driven a rapid increase in remote work prevalence. Many mobility professionals have been deeply impacted by this trend.
AIRINC recently conducted a benchmark survey on COVID-19’s impact on mobility and remote work. We had over 180 companies participate from a variety of industries. Here’s what I found interesting for the Oil & Gas industry.