Mobility Compensation refers to the various compensation processes involved with the lifecycle of an international assignee or permanent transferee. The process starts with the creation of a Cost Estimate, including costs associated with base compensation, relocation expenses involved with the years of transfers and each year in between, ongoing allowances, and the related taxes. Mobility Compensation also includes reporting of compensation delivery to the assignee via a report known as a Balance Sheet, leading to Payroll and Shadow Payroll Instructions. Global compensation and reportable expenses need to be collected and compiled into a year-end Global Statement of Earnings – this includes the capability to translate data denominated in various currencies into one common currency depending on who requires the Global Statement of Earnings report as well as the capability to report in fiscal years, where applicable.