Last Updated on December 10, 2024
More and more, companies are looking to their global mobility program to help proactively manage their workforce. For a global mobility strategy to work well, there needs to be a cohesive connection between business needs and global business travel. In this light, businesses are using international to manage the skills gap in the U.S., take advantage of business opportunities and retain high potential talent.
Here are some of the ways companies are doing that. See how your global mobility program aligns.
Does your global mobility strategy fit either of these objectives?
Manage skills gaps
In our 2018 Immigration Trends report, we discovered that 22 percent of companies are moving work overseas. They are using international transfers to bring needed skills to their international locations and transfer necessary company knowledge and culture to international locations.
Some employers use near-shore opportunities in Canada and Mexico to fulfill their goals. More companies choose to work in neighboring countries because of appealing factors like similar time zones. The possibility of remote work also plays a significant role in this decision. They are also opening new locations in these North American countries. (Find out more about the boom in the Mexico tech industry that’s driving business there.)
New business opportunities overseas
According to our 2018 Immigration Trends report, sixty-nine percent of employers say international transfers are very or extremely important in managing and expanding their global business. Employers are using international transfers to launch new markets, open new locations, acquire new customers and fulfill customer expectations.
High-potential talent management
A recent report by PwC shows that 71 percent of millennials have international assignments from their employers. To achieve these talent-driven goals, companies are turning again to global mobility. Employers use international transfers to retain high-potential employees and impart critical leadership skills. These transfers also give employees valuable international business and cultural experience, which they want and expect.
It’s time to take stock: Does your global mobility strategy align to your business goals?
To read more about the hows of developing your global mobility strategy, watch our webinar replay, Aligning Global Mobility Strategies to Support Business and Talent Goals.
