Expatriates are expensive, and this doesn’t come as a surprise. Indeed, according to the latest Brookfield Global Relocation Trends report (2014) expatriation cost pressures continue to be a predominant concern among multinational corporations. Although the majority of companies (98%) are still using long-term assignment policies, most probably with a balance sheet compensation approach, the continuous […]
Flexible Global Mobility: Higher Satisfaction with No Additional Cost?
Increased globalization continuously pushes organizations to expand further into emerging markets, to operate across borders more effectively, and to create better results in more cost-saving, flexible and innovative ways. This explains the spreading popularity of virtual working arrangements (e.g. telecommuters, virtual cross-cultural teams) as well as rapid transformations in HR strategies, such as moving talent […]
Expatriate compensation: a review
From an organizational perspective, thinking about expatriation often starts with thinking about expatriate compensation.
Broadly speaking, we can differentiate between two different approaches to expatriate compensation: the balance sheet approach and the going rate approach. Have a look at the review.
Current trend: Lacking financial metrics for assessing international assignments
Companies argue that expatriates provide benefits both in the short and long term; yet, only a few can quantify these benefits. According to the 2011 Brookfield Global Relocation Trends survey, only 8% of responding firms actually appear to measure the return on investment (ROI) for global staff mobility.
Why would you go abroad? Professional vs. personal reasons to accept an expatriate assignment
Clearly, being an expat involves a number of important stressors in life, such as moving between countries, starting a new job or project, adjusting to a new culture, and having to build new relationships. Why is it worthwhile to tolerate these challenges?