We have recently seen an increased level of interest from companies who are keen to find ways to capitalize on a softer rental market. Objectives vary greatly but identifying ways to manage program costs is an important priority for companies. After taxes, housing is one of the big-ticket items in any global mobility program.
With continuous news reports about rental housing market movements due to job losses and downgrades, companies are now keen to see how their housing allowances line up against the current market. While many companies see this as an opportunity to decrease program costs, there are also some that consider this a great opportunity to provide better housing for their assignees.
Depending on what companies intend to achieve, AIRINC can find the right solution to fit their needs. From updating a company’s housing allowance to the current market to developing a new housing allowance structure—AIRINC has done it all.
We were recently commissioned by an Asian-based financial services company to run a housing benchmark project. They wanted to review their housing allowance against peers within the financial services industry. After agreeing to the benchmark parameters, AIRINC was able to help them make comparisons based different job levels and family size. The data was then analyzed at different percentile points. The benchmark findings gave the client relevant data points in reviewing their current housing allowances and helped them develop a more competitive housing allowance.
Do you have a nagging feeling that your housing allowance is too generous? Talk to AIRINC today to see how we can meet your program’s needs.