What is a Beta product?
This product is in the final testing phase before we launch it to the wider market. It’s being used by early adopter clients who are helping us to make improvements and shape the future product roadmap.
Use machine learning to help you forecast assignment costs with speed and ease.
Whether you’re looking to fill a skills gap in one of your overseas offices, or providing talent development opportunities through international experience, global assignments are an important part of how many businesses operate today. They can also be incredibly costly, and as such, being able to predict the cost of an assignment is an essential budgeting requirement for all businesses. Doing this quickly and accurately, however, has proven to be a challenge for many businesses, with estimates often varying considerably from actual costs.
Mobility Forecaster has been designed to transform this process. By bringing together our tax experts and our data scientists, we’ve been able to create a product that uses machine learning models to provide accurate cost projections at the touch of a button. It also provides you with a powerful analytics tool so that you use your data to make more strategic assignment decisions.
Calculations available on individual and business unit basis
Costs calculated instantly
Machine learning models
Unlimited data storage and access on demand
Model enhancements overtime to further improve accuracy
How it works
Combine and clean the data
Mobility Forecaster combines all historical global compensation data and external data sets (e.g. GDP, cost of living) to provide the base information for modelling.
Set up assignment variables
The user logs into the interface and selects demographics (e.g. size of family, whether accompanied by spouse, the policy type they’re on, salary costs etc).
Apply machine learning models
Through machine learning Mobility Forecaster then determines what allowances the individual should receive and what the inputs should be for the tax and equity engines.
Calculate tax and equity impact
With these inputs the calculator determines what the tax impact is for this assignment. If the individual has shares within the organisation any impact on equity is also calculated.
Determine and optimise total assignment cost
All of the calculations are brought together to provide an accurate total assignment cost prediction. You can optimise these calculations by changing the variables in the data such as selecting a different individual to go on assignment or recommending a different package etc.