Let’s face it, we all wear many hats on a daily basis when it comes to our job responsibilities. And, during the busiest times of the year, we tend to have so much on our plates at any given time, that those plates start to feel more like platters.
So, there comes a time when we must closely evaluate our core responsibilities and see if there are certain aspects that might be better served by doing things in a different way. If global mobility is one of your core responsibilities, but you find yourself unable to give it the focus that it requires, perhaps it’s time to look at alternative options.
Depending on the size of your organization’s global mobility program, or the changing needs of that program, you might need to take a closer look at whether your organization is best served by an in-house program, or one that is outsourced (in part or in whole) to a third-party Relocation Management Company (RMC).
How to Lighten Your Load?
One thing is for sure: the best way to lighten your load is by taking a few things off of your plate. This can be easier said than done, because once something has landed on your plate, it is far more difficult to give it back. That’s why you have to look at efficiency and cost-saving measures that might be more equitable for your organization, while paving the way for a global mobility program that is more successful.
So, it might be time to call in the experts. That is not to say that you are not an expert at what you do, but relocation management is at the heart of all services provided by RMCs. It’s what they do; it’s their specialty.
Should You Outsource Your Global Mobility Program?
Whether or not you should keep your global mobility program inhouse or outsource it in whole or in part to an RMC, might seem like the million-dollar question. As such, it is not one that can be quickly and easily answered. You have to carefully evaluate your organization’s current program, it’s potential for change and growth, and what that looks like for the near future.
For example, the scope of relocation benefits associated with your global mobility program might need to be reassessed. Perhaps your company has had fewer and infrequent instances in which you have needed to move your employees. When your global mobility workload is small, it certainly seems much more manageable.
Likewise, and as needs change, you might now find that your company has implemented a much more aggressive global mobility strategy, that will require the movement of many more employees on a much more frequent basis.
So, you might find yourself wondering whether your organization might be better off by partnering with an RMC, in the hopes that your program will more streamlined, efficient, and set up for long-term, sustainable success.
The decision requires not that you try to determine whether your company is the right fit for an RMC, but more importantly, whether that RMC is the right fit for you and your organization.
Are You the Right Fit for an RMC?
Here are some of the key questions that you should be asking to determine whether you are the right fit for an RMC:
- What is the volume of your global mobility program? If it’s less than 10 moves a year, chances are you will be fine to handle it in-house.
- How complex is your program? For example, are there various tiers for different levels of employees? Do you need assistance developing a more robust program?
- Are the responsibilities of your program putting undue stress on you or your department? Global mobility is a very complex business, so it is not uncommon to feel overwhelmed and that you are operating outside of your area of expertise.
- Are you having difficulty managing and tracking relocation costs? RMCs can streamline those costs by instituting cost-saving measures, while provide you with trackable, analytical data.
- Has it become too cumbersome to vet and manage the array of service providers needed to assist your mobile workforce? Supply chain management can be a very difficult and time-consuming undertaking for an HR or Procurement Department.
- Are you sure that your program is following industry-established best practices? This can be tough to determine, but with the help of an RMC, developing a program that utilizes best practices is far more likely.
Benefits of Having a Trusted RMC and Partner
Over the years, more and more companies have moved away from in-house global mobility programs, in favor of outsourcing the various functions to RMCs.
Assuming that your organization is the right fit for an RMC, there are many advantages of placing your global mobility program in the very capable hands of an RMC.
One of the most important advantages of outsourcing to an RMC is the ability to have a trusted partner that is always looking out for your best interests and those of your organization.
Like all successful relationships, this one too must be founded on the fundamental principle of trust. As such, the relationship between your company and the RMC needs to be one that is revered as a true partnership. To do this effectively, it’s important to ensure that the services provided by the RMC are not only the right fit for your company, but that their culture also closely aligns with yours.
At the same time, if your strategic business objectives remain at the forefront of your global mobility program and subsequent policy development, then you can rest assured that your RMC “partner” will carry out the process based on your company’s goals and high level of standards.
Still Not Sure What is Best for Your Organization?
Sorting through all of the intricacies and variables involved in global mobility is not an easy task. There are obviously innumerable aspects that must be intimately understood and processes that must be expertly carried out.
But, don’t worry, because you don’t have to go it alone.
VERSA is always here to answer any questions you might have, or to provide you with any information that might help you make more informed decisions about your global mobility program. Please don’t hesitate to contact us anytime!