In the world of global mobility, it is essential that organisations develop and implement effective global mobility policies. This allows both the employee and the employer to understand their respective responsibilities surrounding the implications of traveling to, and working in, another country.
Some of these responsibilities can include:
- The length of the assignment
- Compensation packages
- Relocation support
- Tax equalisation adjustments
- Family assistance
- Travel or relocation benefits
A well-drafted policy can assist the employer to assess the value of their global mobility activities by clearly setting out the costs, risks, and benefits.