Benchmarking is vital to ensure your policy is keeping up with industry trends; learn why it's important as a starting point, but why you should tailor your policy to meet your own business’ (and employee) needs.
In this age of readily available information gathering, data reporting, and data analysis services, it’s easy to benchmark and compare yourself against your competitors when developing new policies and practices. Even more than being essential, we think it is just good business sense. Benchmarking is a great way to understand not only what your competitors offer, but also to identify market trends and see if there are gaps in your offerings.
As it relates to your global mobility policy, benchmarking can be incredibly useful as a starting point for policy development, but it’s only one step in the process. The necessary next step – the reason that you’re benchmarking in the first place – is to tailor your policy to reflect your business and talent development objectives. As they say, doing what everyone else does is a great way to be like everyone else. When you are ready to offer your employees (both current and future) a distinctive talent development experience and strengthen their engagement and commitment to your business, you need to create mobility programs that support your specific goals.
Tailoring your global mobility policy will help you stand out from the competition, instil greater commitment from your employees, and provide you with a better talent pipeline. If you’re keen to make your policy standout – or just want to know more – get in touch with us today!