DANBURY, Conn., Nov. 10, 2020 /PRNewswire/ -- Cartus
Corporation, a Realogy (NYSE:RLGY) company and the leader in global
talent mobility, celebrates the next milestone in its journey to
deliver a holistic client and customer experience through the
launch of its pioneering core/flex product, Benefits Builder.
Instead of searching for the elusive "perfect policy," companies
can create their own program designed around a core benefit
structure while engaging employees to choose the flexible options
that work best for them and their families. Powered by
MovePro360SM—Cartus' exclusive single source of truth
platform—Benefits Builder delivers the two most-requested
capabilities in relocation today:
- Cost management
- Personalization
Experience the interactive Multichannel News Release here:
https://www.multivu.com/players/English/8460255-cartus-releases-industry-exclusive-core-flex-relocation-solution-benefits-builder/
Tech-enabled Budgeting and Cost Savings
Based on
internal Cartus benchmarking, companies that implement a core/flex
program reduce overall program costs by 10-20%, on average—with
some seeing savings as high as 60%. That money isn't hypothetical:
one multinational consumer packaged goods company saved more than
$20 million dollars in just their
first year of using a core/flex program.
Whether designing their first mobility program or relocating
thousands of employees a year, Cartus clients, large and small, are
able to tailor their relocation strategy for added cost savings.
Benefits Builder brings together all of the most important elements
of the relocation experience so Mobility and HR professionals can
meet their goals in the areas of cost, compliance, talent
management, and duty of care.
Flexibility First and Empowerment Through
Choice
In the face of a global pandemic, where flexibility
reigns supreme, there has never been a more critical time to
introduce a solution that puts flexibility first. Benefits Builder
can accommodate a points- or currency-based
approach, allowing clients to manage their relocation budget while
providing relocating employees choice and control during their
move. Depending on their culture and business goals, clients can
model scenarios based on employee needs assessments or empower
transferees to take charge of their own journey and immersion into
their new jobs.
From pet transportation to educational assistance to spouse
career support, a wide array of services can be selected by
transferees according to what makes sense for their family's needs.
The special circumstances of an employee's personal life may not be
obvious to an employer, but Benefits Builder helps transferees make
the choices that best suit their situation while aligning with
their company's culture, strategic goals, risk profile, and
budget.
Clients Adopt Benefits Builder to Future Proof Their Mobility
Programs
Core/flex is the number one trend in relocation for
a reason: it provides ultimate flexibility to
companies and employees no matter their situation.
That's why Benefits Builder offers fully integrated:
- Core/flex policy framework
- Standard benefit offerings
- Employee-choice – gamified benefits selection
- Flexible points- or currency-based approach
- Client-choice – benefits modeling*
- Best practice recommendations for flex services
- Employee and consultant co-browsing capability
- Consultant calendar access/appointment scheduling
- Destination search tool and videos
- Supplier contact information
- HR and mobility leader dashboard
- Budget management
- Declining/deprecating cash-out option
*Coming soon
In addition to ongoing enhancements to Benefits Builder, Cartus'
MovePro360 product roadmap for 2021 and beyond will address other
key priorities identified by mobility stakeholders during our Agile
development process, including:
- Simplified authorization process, including two-way data
exchange with client and third-party HRIS systems
- Assignment/expatriate compensation capabilities
- Advanced informative analytics
- Multi-language capabilities
- And much more
Quotes
DAVID PASCOE—EXECUTIVE SVP, EMEA & APAC,
CARTUS
"Within 3 to 5 years, I think 90% of clients with a formal mobility
program will use core/flex. The relocation management company that
has the best technology is going to be the most successful at
serving this exploding population. Cartus has more than a decade of
experience helping clients develop and implement a core/flex
policy, including offering some form of automated or
technology-based solution over the last four years. Benefits
Builder supports one of the biggest trends in the industry and
fulfills our promise to continue building out our centralized
mobility hub and single source of truth, MovePro360."
LARRY GHIRARDO—VP, GLOBAL BUSINESS OWNER, MOVEPRO360,
CARTUS
"Co-browsing capabilities, points- or money-based budgeting,
'what/if' client-led modeling, and more—Benefits Builder empowers
companies to meet their business needs while providing tailored
care for their employees. Having developed or managed core/flex
solutions for dozens of organizations, Cartus knows exactly what
our clients want and what our customers need when
it comes to delivering the most rewarding relocation experience
possible. We look forward to helping our clients achieve greater
cost savings while enhancing their mobility programs now and in the
future."
ABOUT CARTUS
Cartus, the market leader in global talent mobility, offers a full
spectrum of relocation services to nearly half of Fortune 50
companies as well as hundreds of other organizations of all sizes
across the world. Innovating and developing new ways to streamline
the relocation lifecycle with Cartus-developed technology such as
our centralized mobility hub, MovePro360SM, and
self-serve digital relocation solution, MobilifySM,
means we can deliver a holistic client and customer experience at
every phase of the relocation journey.
Over the past 65 years, with offices and team members around the
globe, we've helped more than four million employees and their
families find their way to new homes, new communities, and new
experiences in more than 185 countries.
Cartus is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY),
the leading and most integrated provider of U.S. residential real
estate services, encompassing franchise, brokerage, and title and
settlement businesses as well as a mortgage joint venture.
Realogy's diverse brand portfolio includes some of the most
recognized names in real estate: Better Homes and
Gardens® Real Estate, CENTURY 21®,
Coldwell Banker®,
Coldwell Banker Commercial®, Corcoran®,
ERA®, and Sotheby's International
Realty®.
To find out how our experience, reach, and hands-on guidance can
help you achieve your global talent mobility goals,
visit www.cartus.com or www.realogy.com for
more information.
MEDIA CONTACT
Trevor Macomber
Director, Global Marketing & Communications | Cartus
203.205.1201
trevor.macomber@cartus.com
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SOURCE Cartus