Evolutionary change is currently taking place in Human resources and the Global Mobility/Relocation industry. We are all having to adjust to the ever-changing needs affecting mobile talent. Managing risk, which has always been a critical component of the process, is a multi-faceted challenge as it pertains to relocation and global mobility. Even in these difficult economic times, companies continue to relocate employees and support global assignments.
If these key areas are not handled correctly, a great deal of damage can be done to the business, personnel, and the financial impact could be felt for years to come. Issues can cause business disruptions as well as reputational damage. With tax and legal authorities’ operating systems becoming more sophisticated every day, companies should evaluate each situation to ensure the relocation or assignment will meet the various areas of compliance.
Key mobility risks apply for domestic US relocations as well as international assignments and cross-border relocations, but they do vary by the type of move.
Key mobility risks are:
Data Security and Reporting
It’s important to choose the right operating model and be confident it considers the risks for Corporate tax and Payroll tax, Permanent Establishment, Employment law, Immigration, domestic and international Human Resources, Talent Acquisition and Talent Management needs. InterLink provides our clients with an integrated approach to help our clients assess risk and administer a compliant mobility program.
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