As published on Expatica, Mercer’s Worldwide International Assignments Policies and Practices report (WIAPP) found that “Over 70 percent of companies expect to increase short-term assignments in 2013.” Very interesting article and report.
Excerpts below. For full article, click on Expatica link above.
If you’re an expat abroad, how long has your assignment been?
If you’re a prospective expat, how many years would you be comfortable living abroad?
(full disclosure: this is not an ad for Mercer).
The report showed that 55 percent of companies expect to increase long-term assignments and highlighted that, for the last two years, there has been an increase in the overall number of international assignments. The report found that China, United States, Brazil, United Kingdom and Australia are the priority destinations in their respective regions for expatriates.
Mercer’s Worldwide International Assignments Policies and Practices report (WIAPP) also found that more than half of companies reported an increase of long-term (52 percent) and short-term assignments (53 percent) in 2011 and 2010. The WIAPP report presents the latest trends in international assignment programme management, policies, and practices data.
Anne Rossier-Renaud, principal in Mercer’s global mobility business said, “International assignments have become diverse in order to meet evolving business and global workforce needs. Relatively low pay increases in some regions, and pressure on companies to attract and retain talent, have spurred many to embrace a wider range of global mobility strategies to incentivise high performers. Mobility and HR directors now face great complexity in the number and type of international assignments that need managing.”
According to Mercer, the top five reasons cited for international assignment programmes are; to provide specific technical skills not available locally (47 percent), to provide career management/leadership development (43 percent), to ensure knowledge transfer (41 percent), to fulfil specific project needs (39 percent), and to provide specific managerial skills not available locally (38 percent). Close to half of North American (45 percent) and European (46 percent) companies indicate career management/leadership development as one of the main reasons they have international assignments. In the future, worldwide, 62 percent of participants anticipate an increase in the number of technical-related short-term assignments, 55 percent anticipate an increase in talent development assignments, and half anticipate an increase in key strategic assignments.