The last decade has seen a 25% growth in global mobility. A further 50% rise is forecast by 2020 says pwc.
This increase is heavily influenced by technology and emerging markets, which have also impacted upon the structure and management of global workforces.
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.
A New Form of Mobility
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.
Sophisticated Mobility Programmes
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.
Have you thought about how your organisation will cope with the increase in global mobility?
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.
Contact Louise via
or call her on +44 (0) 1582 495495. Let’s make your company’s global mobility as stress-free as possible.
Image courtesy of Nutdanai Apikhomboonwaroot.at FreeDigitalPhotos.net