What is global mobility management (GMM)?
Which types of companies are concerned with global mobility management?
Who are the stakeholders involved in global mobility management?
What are the main challenges of managing a mobile global workforce?
- Culture shock: How will mobile employees adapt to settling in another country? What types of services should you provide to help them integrate? What happens if an employee has trouble adapting to the new place—how can you support them?
- Local laws: What countries are your employees moving to? Do these countries have laws, rules, or regulations that could impact your business?
- Visas: Will you need to be involved in procuring employees a visa or residence permit? Will they need sponsorship, and how much will this cost?
- Taxes: Will starting operations in a new jurisdiction have tax implications for your company?
What to consider when managing employee relocations
Employee compensation
Visa requirements
- Paying visa fees
- Filling out sponsorship forms
- Giving the employee time off to visit the relevant immigration office or embassy, and arranging an interpreter if needed
- Retaining an immigration lawyer
Relocation support
- The physical move: traveling and transporting possessions
- Consider using a business travel software like TravelPerk to manage bookings and find deals on transport and accommodation
- Administrative procedures: setting up a bank account, registering with local government offices, transferring driver’s licenses, procuring healthcare, etc.
- Family transitions: finding a school or securing care for employees’ children
Integration and culture
- Language learning classes
- Learning resources and tips about the host country
- Resources and/or stipends to join activities and groups, and make new friends
Regulatory compliance
- Local labor laws: Do certain criteria need to be met to employ people at the new location? Are there specific requirements around labor rights, termination, vacation time, etc.?
- Information laws: Does the new jurisdiction have privacy restrictions in place, such as GDPR? Are there laws controlling the way information is shared?
- Business laws: If you haven’t already registered your business in the new jurisdiction, how can you do so?
- Tax laws: Will you be subject to new tax laws and treaties by sending your employees to work abroad? How will this affect your business?
Cyber security
Communication
Global mobility management software: how can it help?
- Connect with service providers
- Keep track of important data
- Make cost and salary projections
- Manage payroll, tax, and immigration workflows
- Administer your relocation policies
- Create data visualizations and reports
How can TravelPerk help your business with global mobility?
Along with global mobility management software, business travel software can also be a crucial tool during the relocation process.