Succeeding in the world of global mobility means more than just completing all of the items on your to-do list. If you understand the big picture, you can accomplish more and make an even more substantial difference to your company’s success. This requires in-depth knowledge of mobility’s key drivers and how those issues affect the industry and your organization.
But as a global mobility professional with a busy schedule, it can be difficult to focus on this more strategic side of your role. You have so many tasks to accomplish every day - how do you find time to think ahead?
Mastering Mobility Economics: 4 Key Areas Global Mobility and HR Professionals Must Understand to Unlock the C-Suite is the introductory whitepaper in a new in-depth series on the subject. It will provide you with a quick but thorough overview of four particular areas you should give your attention.
The four key drivers of the global economy that you should be focusing on so you can effectively partner at the highest level of your company are:
1. Global Demographic Drivers
There are two main things to be aware of when it comes to demographics: where the talent is located and how generational differences are changing the workforce. Do you know where the employees you want are in the world, and are you willing to go to them? It’s not always easy to find the type of employee you need around the corner, and the way the world is growing isn’t making it any easier. Understanding these changes on a global scale makes it easier for you to strategize your company’s growth.
2. Global Economic Drivers
If you’re looking to expand your workforce in new places around the globe, you must take a country’s tax regulations into consideration. Additionally, you need to know the overall economic status of that new location, and how the side effects of that status could affect your business. Doing your research can pay off – it’s important to be prepared and know what obstacles you may face.
3. Global Geo-Political Drivers
You may not immediately think that politics will play an important role in your business’ success in a new country. But think about it…trading relationships, immigration practices and more can fluctuate based on the current political atmosphere and leadership. This is why those of us in global mobility can’t stop talking about the Brexit!
4. Global Infrastructure Drivers
Finally, you must take into account a country’s infrastructure, including their transportation, telecommunication, educational systems and more. Not only do you need to be sure that infrastructures can support your business, but you also want your employees to have what they need to be happy and successful.
Understanding these drivers will allow you to think beyond the day-to-day and begin to develop strategies to take your company’s global mobility programs and talent management to the next level. Download the whitepaper now for a deeper look at each of these drivers.