Corporate global mobility programs are seeing increasing volumes, witnessing greater variety, and recalculating the value of mobility experiences (ROI) for both the company and the employee.
While we have all been watching Long-Term Assignments trending down over the past few years, Extended Business Travelers and Short-Term Assignments continue to trend up, and "Local PLUS" and Permanent Transfers are trending way up! In fact, according to a recent Mercer survey, Short-Term Assignments and One-Way Transfers are expected to have the biggest increases over the next two years. Developmental rotational assignments and how to support an increasing volume of "handraisers"- employees that are self-initiating relocations - have been two topics of interest for our clients.
Let us know where you expect to be spending considerable time within your global mobility program! What are the most pressing initiatives for you?
The last 12 months have told of increased authorisation activity, more-numerous departure and destination lanes, and a greater use of corporate mobility programmes as a tool for enhancing talent management effectiveness.The predictions were correct. Last year, 95 per cent of corporate global mobility professionals told us that their mobility programmes would increase or remain the same with regard to global relocations and assignments.Those predictions have translated into an almost 20 per cent increase so far in 2015, on top of the 15 per cent increase the year before. What we love about this growth is that it is not attributed to only a few accounts that are going crazy. Rather, the increases are seen with nearly every single one of our clients and are spread across a variety of industries.