Global Mobility Strategy
It is time to treat mobility like a business imperative
Today’s business leaders are searching for ways to cope with two inter-connected challenges: the drive to globalisation and the need for global talent management. As businesses need to act more globally, companies are looking for ways to improve their ability to build and manage its global workforce – often in places they have not operated before.
Many companies are seeing their global footprint shift from west to east as they pursue opportunities for accelerated growth in emerging markets. In addition to this business shift, by 2050, the global population is expected to grow by 50 percent – primarily driven by India and China. Yet 70 percent of the world’s corporate management is currently located in Europe and North America. Just as manufacturing companies have had to learn how to manage their global supply chain for products, today’s businesses require a fundamental shift to consider developing new capabilities for managing a global supply chain for talent.
Demographic shifts at both ends of the age spectrum are also having a big impact on talent. Many companies continue to face a mass exodus of retiring baby boomers, even as they struggle to deal with an influx of young workers who have different needs, skills and expectations than their elders. This changing workforce requires new mobility management capabilities in areas such as leadership development, workforce planning, strategy alignment, and workforce diversity.
To thrive in this new environment, companies need to develop a Global Mobility strategy that can enable them to effectively realign their workforces with their changing global footprint.