Goal:
A MORE EFFICIENT AND COST EFFECTIVE MOBILITY PROGRAM

Barrier:

Identifying areas for relocation cost savings and efficiencies in a global mobility program often falls short due to inefficient processes and policies along with insufficient measurement tools.

Story:

A hospitality client wanted additional relocation cost savings and greater efficiencies in its mobility program and engaged msi. We benchmarked their program and made the following recommendations:
• Utilize cost estimates to determine benefit allowances and ensure that correct amounts were budgeted for services
• Use of alternative service options, when appropriate, for lump sum moves
• Convert higher lump sum policy tiers to managed program
• Institute consistent processes and policy across all business units
• Implement new technologies, enabling the client to readily analyze critical cost and performance data and project future expenditures

Result:

Once these measures were in place, projected relocation cost savings were significant. For example, in moving higher lump sum amounts to a managed program, projected annual savings were approximately $285,000.