Financial Foresight: Managing Costs of Global Mobility Programs by Taking a Strategic View of International Assignments |
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Global mobility - the international deployment of employees - is costly, but necessary, for competing in the global financial markets. In addition to providing executives with an experience that will enrich their professional development, international assignments enable organizations to put some of their best talent in their most important markets.
In difficult economic times, financial services companies find themselves under intense pressure to reduce their global mobility costs. A single three-year international assignment for an employee making $100,000 can represent an investment of more that $1 million; moreover, mature global mobility programs can amount to tens or hundreds of millions of dollars in supporting costs for a company.
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Financial Foresight: Managing Costs of Global Mobility Programs by Taking a Strategic View of International Assignments
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