Last Updated on February 23, 2023
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 are using near-shore opportunities in Canada and Mexico to fulfill goals. Thanks to appealing factors like similar time zones, the possibility for remote work and opening new locations in these North American countries, more companies are choosing to work in neighboring countries. (Find out more about the boom in the Mexico tech industry that’s driving business there.)
New business opportunities overseas
Sixty-nine percent of employers say international transfers are very to extremely important in managing and expanding their global business, according to our 2018 Immigration Trends report. Employers are launching new markets, opening new locations, acquiring new customers and fulfilling customer expectations with international transfers.
High-potential talent management
A recent report by PwC shows that 71 percent of millennials 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, impart critical leadership skills to employees and give employees critical international business and cultural experience – experience 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.