The Global Phoenix - Issue 3 August 2017 | Page 19

Data - The Foundation of Decision Making
Corporate require accurate, current and transparent local data in
the field of global talent mobility:
• To make informed business decisions regarding start-
ups and expansion
• To set realistic budgets and establish salary levels and
comp and benefits packages
• To ensure compliance in immigration procedures
• To establish relocation policy and process
• To make exceptions to policy and process where local
market conditions and common practice dictate
• To benchmark and select preferred partners and local
suppliers
• To equip the globally mobile workforce and
accompanying families for expat life in the
international assignment
It goes without saying that in corporate decision-making the need for
quality data is paramount. There are several major data supply companies
that provide this needed data in the form of annual or more frequent
reports and surveys as well as online tools and software that calculate cost
of living comparisons between home and host destinations. With an overall
increase in global talent mobility, this service is becoming increasingly in
demand as the need for more specific data is growing.
Numerous challenges can be encountered in the process of obtaining
local facts. This is especially true in ‘hardship’ destinations where there is
often acute lack of supply and wherein communication and connection
difficulties together with scant information and cultural differences pose
additional challenges. In this article we will examine the challenges
encountered in accurate data supply and present practical solutions for on-
point data sourcing.
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