In June, The RES Forum released its quarterly report focused on digitalization in global mobility. This comes shortly after a new survey from CareerBuilder reported that artificial intelligence (AI) and automation will have a major impact on human resources (HR) and employment over the next few years. While the survey found that most HR managers said AI does not make them nervous, 35% said it does.global mobility global mobility software digitalization global mobility technology
This article originally appeared in The RES Forum Annual Report 2018.
Global Mobility is innately an advocate for diversity. We move people all over the world to increase business intelligence, global mindsets, and diversity of thought. We encourage and advocate for cultural competence when we send expats to a foreign country. However, how often are we aligning with diversity and inclusion leaders to achieve the strategic goals for the company?global mobility diversity inclusion diversity and inclusion
What is GDPR?
Enacted in 2016 – the General Data Protection Regulation (GDPR) is an European Union law that creates stricter laws around the collection, use and distribution of personal data relating to European citizens and residents.global mobility gdpr
Transferee satisfaction: 42% of respondents felt that an employee survey provided the best measure of success of a mobility program.
It is no surprise that the traditional measurement of 'noise' surrounding an employee's relocation experience is still a barometer for determining the effectiveness of a mobility program. Global mobility and HR professionals often span multiple roles in conjunction with managing an RMC and their program. When customer satisfaction is low and noise is high, it adds to the workload of the HR team.
Technology and data analytics: 29% of surveyed visitors expressed they needed or were interested in learning more about technology tools to gather data on their programs.
The industry continues to look for the appropriate technology to collect, analyze and report data. HR professionals are eager to find data and predictive analytics tools that will enable them to define the most successful profile of an assignee, understand trends to enhance program objectives and leverage data for accurate forecasting.
ROI and retention rates: 17% of respondents indicated employee ROI and retention rates were a primary factor in determining success.
More and more, HR professionals are looking for the right formula on how to best identify key metrics needed to effectively measure ROI on employee assignments. While meeting business needs and hidden costs were identified as two metrics, the industry continues to narrow its focus on talent retention during and after assignments.
Achieve business objectives: 12% of those surveyed indicated that meeting corporate objectives was their primary focus for measurement.
Only a small percentage of those who responded expressed this as the primary method of measuring their program. However, almost all participants indicated the most successful programs were those where the global mobility function was acutely aligned to the growth and financial goals of the company.
There is no uncertainty in the fact that global mobility is on the rise. Effectively defining the right metrics for your organization is key to the success of any mobility program. The fact of the matter is, there is no one-size fits all formula. It takes the appropriate combination of the above measurements and aligning them with your culture, to prove ROI and meet business objectives.
If you’re interested in learning more about how Lexicon Relocation works in tandem with mobility professionals to assist in developing the best formula to measure your programs, contact us today.
Thank you to all those who participated and we look forward to seeing you next year in Seattle. worldwide erc conference global mobility Worldwide ERC measuring mobility program ROI of mobility programs retention rates expat retention erc gws
Upcoming changes to the H-1B visa program may pose new challenges to global mobility across industry lines. The tech industry is expected to be most impacted due to the significant portion of its talent pool coming from abroad, with India accounting for approximately 70% of all H-1B visa workers.global mobility compliance and global mobility H1B Visa
Frequently, I am asked why my department is called Global Network Integration instead of Supply Chain Management. The use of the term ‘integration’ is essential to how we see our supplier network. Suppliers and the services they provide are interwoven into everything we do. Our suppliers are an on the ground representation of Lexicon Relocation. How they fit into our culture, and how we work with and treat each other is as important as the services they deliver.global mobility lexicon relocation supply chain
23 Trends Global Mobility Managers Need to Know
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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.global mobility international assignments economics
The U.K. vote to leave the European Union has sent shock waves around the world and taken both the U.K. and the EU into wholly uncharted territory. This leaves global mobility professionals, especially those of you with employees or business in the U.K. and other European countries, wondering what lies ahead.global mobility employee relocation immigration emea global mobility taxes Brexit
Important news alert for those of us in the global mobility world! Yesterday, the European Commission formally approved the EU-U.S. Privacy Shield Framework. This agreement covers thorough and enforceable protections for EU citizens’ personal data. You should be aware of what this means practically for you and your company, especially if you have any EU-U.S. employee mobility.global mobility emea global mobility americas global mobility Privacy Shield
With the summer upon us, the strongest time of year to sell homes in many U.S. markets is here. School is out, and many of your employees are likely choosing to sell their homes now so that they can move before the start of the new school year. However, there are some pitfalls to be aware of that could delay your employees’ relocations. Make sure you’re paying attention to these areas:global mobility employee relocation home sale US domestic