As international assignments become a necessity for many organisations, it’s good know that they are also popular with employees. The pwc report states that mobility opportunities are recognised as key to attracting, developing and engaging talent. 71% of millennials want to work outside of their home country during their career.
Whilst a 50% increase in mobile employees is predicted, assignments are set to change in nature. Traditionally, international assignments have involved a three/four year relocation abroad, then a return home. Instead, new forms of ‘purpose based’ mobility such as developmental rotations, reverse transfers (between emerging and mature markets for skills transfer, for example) and global nomads (regional leaders without a ‘home’ country).
New markets have increased the number of global mobility locations offered by organisations. As emerging markets mature, so do employee reward programmes in this countries, affecting mobility demand.
Changing assignment dynamics and a 50% increase in global mobility will demand more sophisticated mobility strategies. Organisations must utilise agile, adaptable and constantly evolving programmes in order to meet the specific requirements of the business and employee groups.
The Pressure on HR
HR teams will come under even more pressure to provide evidence and insight to support mobility decisions and manage programme costs. Predictive ways of thinking and analytical techniques will grow in importance.
How flexible and robust is your international relocation policy?
Now is the time to ensure that your business can capitalise upon predicted changes within global mobility. To explore the options, have an informal discussion – without obligation – with Louise Chilcott, Global Move and Relocation Specialist from BTR International.