The Challenge
One to One recently engaged with a client to design a fairly standard lump sum policy with parts of a traditional model. As a concern of the account, there was an increasing cost to their relocation spend year over year with partial visibility to where the dollars were being spent.
The Solution
Working with our client’s Talent Acquisition team, we collectively were able to fully redesign the client’s relocation policy that included adjustments in assigned dollars to the candidate, participation in cost centers including travel, and an uniquely designed infrastructure of reports that enabled the client to not only understand the cost but place a managed approval process for each relocation thus drastically dropping the cost of relocation without adding risk to hiring the right candidate.
Results
After 60 days of operating the newly designed policy, the client realized 35% reduction to cost per relocation over previous year. |