In today’s fast-paced, ever-evolving business landscape, organizations are constantly searching for ways to enhance talent management, improve employee experiences, and address the diverse needs of their workforces. Enter the core-flex mobility policy, an innovative approach to employee mobility benefits that has gained significant traction in recent years. The 2023 Core-Flex Mobility Policy Benchmarking Survey, conducted by Benivo’s Client Advisory team, sheds light on the latest trends, motivations, and common practices in the realm of core-flex policies.
As companies have become increasingly global, the challenges of managing international and domestic employee relocations and assignments have evolved. Traditional one-size-fits-all mobility policies struggled to cater to the varying needs of employees and business units, often resulting in a myriad of exception requests and escalating costs. In response, core-flex policies emerged as a game-changer, allowing organizations to balance essential support with the flexibility to customize benefits based on individual needs and preferences. Understanding and leveraging the power of core-flex policies will be crucial for fostering employee satisfaction, meeting diverse needs, and promoting a more inclusive and agile workforce.