Your global mobility strategy can be a driver for finding and holding onto the best talent. Here are a few ways a well-planned and well-executed global mobility strategy can help attract, retain and maximize talent efficiently.
Attract new talent
If you think offering mobile or overseas opportunities for employees won’t make a difference in the talent you attract, think again. According to PwC’s Talent Mobility 2020 Report, 71 percent of millennials expect and want an overseas assignment at some point in their career. A well-planned global mobility strategy can help you expand business opportunities across national borders, keeping an eye on roles that need to be filled with valuable talent. With a clear strategy, your organization will be able to offer short- and long-term positions overseas, making your workforce more attractive to younger talent.
Allocate talent effectively
A highly organized global mobility strategy should include a method for tracking where skills gaps and talent needs exist within the company’s global locations. This level of centralized open-position monitoring will allow HR to allocate talent to the appropriate roles, regardless of location.
If executed well, a global mobility strategy can help with retention of your valuable talent. Including language and cultural assimilation practices in global assignments can help employees adjust to life outside their home country. Additionally, repatriation is equally as important to retention by allowing employees to feel welcomed as they readjust back to life at home. In general, explicitly including transition plans in the execution of your strategy can help improve retention as you increase your global mobility.
Develop a strategy that centralizes mobility across the organization and you will find inefficiencies. Often, new positions are filled with new talent when existing talent can be mobilized to fulfill needs, filling open positions can take too long or compliance isn’t taken into consideration when deploying employees globally. Aligning your mobility strategy with talent management helps give you insight into the entire global organization and the talent pool beyond, locating and minimizing inefficient business practices quickly and effectively.