Four in five executives believe that an assignment in a “major emerging market” aids career progression, according to the recent report from the Economist Intelligence Unit, “Up or Out: Next Move for the Modern Expatriate.”
Below are just some of the report’s key findings:
-High demand for overseas postings, especially from among junior staff, has led companies to replace the full traditional expatriate package with “local plus” deals, based on host market conditions and a few perks.
-The view that an overseas assignment will propel an expatriate’s career generates expectations that often cannot be met by the company, creating retention risks.
-“Cultural sensitivity” is the most important attribute of an expatriate. Willingness to learn the local language may be the best indicator of this.
-The challenges of managing family life in a distant and testing location are forcing companies to change the age profile and family circumstances of the average expatriate.
Read the full text online.