The myriad forms, processes and bureaucratic hurdles involved in corporate relocation, global hiring, M&A and travel are mind-bendingly difficult to reconcile and keep current, increasingly so as opportunities and talent constantly shift internationally. It’s why global-relocation services is a $50 billion industry, according to Benjamin Bahrenburg, tax technology partner at PwC, the $37 billion professional services giant.
It’s also why PwC launched earlier this year its myMobility digital global services platform, which Bahrenburg, a self-described technology “geek,” spearheaded. “As companies need to deploy talent globally, that’s where myMobility gets involved,” he says. And that need is evolving rapidly. For instance, the rule of thumb when it came to ex-pat assignments used to be five years. “Now we’re seeing permanent ex-pats,” Bahrenburg says. Long-term, short-term, even virtual global assignments make well-defined policies and procedures related to benefits, compensation, employment status, taxes, travel, etc., for globally mobile employees an imperative.
PwC provides its business clients with services related to global commerce and workforce support, including immigration documentation, Social Security and tax compliance, and visa procurement and maintenance. MyMobility is a digital platform for clients to access that work—“the delivery model to provide those services,” Bahrenburg says.
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