With the increasing number of today’s talented employees looking for global career opportunities, it’s no surprise that the scope and importance of global mobility programmes for today’s businesses are also growing.
In fact, a huge 90% of companies, on average, are working on implementing global mobility programmes or expanding an existing one. A global mobility programme is, simply put, the methods and strategies used by a company when sending employees abroad and should address the interests of both the business and the employee. We’ve listed some of the most compelling reasons to consider starting a global mobility programme for your company.
#1. Attract the Best Talent.
Introducing a global mobility programme to your business is not only essential to support company growth and expansion overseas, it can also help you attract the best talent to your brand.
Global career positions which include the opportunity to travel or a fully-funded permanent relocation to another country are very attractive to some of today’s fresh, young millennial talent who don’t want the average office job in their hometown. For more information on how global mobility is affecting companies and professionals today, take a look at the 2018 global mobility survey by Santa Fe Relocation.
#2. Understand, Mitigate and Address Risks Early.
The main aim of any good global mobility programme should be to mitigate and address any risks involved with sending an employee to work or live overseas.
This will both help to ensure the success of your global mobility assignment, such as a Santa Fe relocation. Along with encouraging more enthusiasm for your employees when it comes to any future assignment options.
Bear in mind that violations of immigration and tax laws when sending employees abroad can be hugely costly and embarrassing to a company. Therefore, it’s important to have a programme in place which ensures compliance at all times.
#3. Assist Employees with Relocation.
When companies send employees abroad for work, it’s their responsibility to ensure that accommodation, healthcare, visas, and sometimes, help with the cost of living, is covered.
If you are moving an employee with their family, you may also be responsible for ensuring that they are able to find work for their spouse and educational options for their children.
Employee assistance is a crucial factor for any global mobility programme.
This could include:
- help with moving belongings and family members to a new country,
- assisting with finding rented accommodation or purchasing a new home,
- compensation for cost of living adjustments,
- healthcare expenses,
- and the cost of any required education, such as learning a new language.
#4. Assess Business Strengths and Weaknesses.
Lastly, a good global mobility programme will ensure that before transferring an employee, every step is taken to assess the various strengths, weaknesses, and company needs. A permanent employee transfer is a huge commitment for any company, therefore, it’s vital to ensure that it includes a carefully detailed business strategy to enjoy optimal ROI and avoid any potential pitfalls.
Are you considering implementing a global mobility programme to help your company grow worldwide?