“The world’s leading companies are embracing talent mobility as an engine for growth, global expansion and workforce diversity and inclusion,” said Joy Lee, Director of Talent Mobility Consulting at BGRS and report author. “With mobility now firmly in the sights of organizations’ senior leadership, we see a heightened sense of urgency and action – demonstrating a clear shift away from mobility being merely a process oriented function toward a strategically purposeful one.”
GROWING IMPORTANCE OF INTERNATIONAL WORK EXPERIENCE
More than one quarter of respondents (27%) say that international work experience is a prerequisite to joining their company’s senior leadership team. In an increasingly globalized business landscape, this indicates a clear generational shift. Today, only twenty-two percent (22%) of Fortune 100 CEOs have international work experience. Further, of the ten oldest Fortune 100 CEOs, only two have taken international assignments, but among the youngest ten, eight have worked outside of their home country.
TRANSFORMING MOBILITY TO IMPROVE EMPLOYEE SATISFACTION
Nearly half of survey respondents (49%) indicate that the primary reason they are making enhancements to the mobile employee experience is to improve their satisfaction. This reinforces the importance of overall career management if companies want to continue to attract top tier candidates for strategic leadership assignments and retain high performing employees in whose development they are investing. Employee experience is no longer one-dimensionally focused on compensation package and satisfaction with the relocation service, but now encompasses impact on the long-term employee career. Younger employees not only desire international experience, but also expect it to have a tangible impact on their future.
EMBEDDING DATA ANALYTICS & TALENT MOBILITY
As global mobility moves firmly onto the senior leadership agenda, having robust, accurate data is an imperative. Sixty-seven percent (67%) of respondents say that in the last three years the amount of data, analytics and benchmarks requested by top management regarding mobility has increased. Yet, 57% of respondents indicate they don’t have sufficient access to data that allows them to gain the insight they need into their company’s mobility program. The top three most significant data gaps reported are mobile employee retention statistics aggregated cost of mobility programs, and employee career progression data.
“We are seeing a seismic shift in the changing nature of work – from demographics, innovation and digital disruption, to globalization versus protectionism and employee outlook. Flexibility in practices and innovative work arrangements are paramount,” said Ellyn Karetnick, Vice President and Global Head of Talent Mobility Consulting at BGRS. “For some organizations, it’s about deployment and getting ‘boots on the ground’, whereas for others it’s about linking mobile talent with succession and career planning. In either case, focus is on contribution to business growth and how mobility can be an effective lever to drive the bottom line.”
ABOUT THE SURVEY
The 22nd annual Talent Mobility Trends Survey www.bgrs.com/survey reflects input from more than 120 talent mobility leaders and human resource professionals, representing more than 12 million employees worldwide. The report features case studies of corporate mobility transformation journeys and explores the talent mobility transformation in:
- Cross Functional and Talent Management Alignment
- Mobile Employee Experience
- Mobility Technology, Data and Analytics
- Talent Mobility Function and Program
ABOUT BGRS
BGRS develops and implements comprehensive talent mobility solutions for corporate and government clients worldwide. By combining deep industry experience and unparalleled insights on the future of talent mobility, we enable our clients to design mobility programs that empower them to attract, retain and develop top performers. With more than 1,500 people across six continents, we blend global perspective with local market strength. To find out more, visit www.bgrs.com