Companies around the world are expanding their global mobility programs to reach new markets, meet business objectives and develop a generation of future leaders with global competencies and networks. As the next frontier in HR management, companies are on the look out for mobility solutions that streamline business processes, create greater efficiency and improve the employee experience.
This week, PwC published their Modern Mobility Survey that details key trends in mobility, challenges faced by mobility teams and how best to implement a successful program that positions their business for the future.
See below for our takeaway of top themes and supporting figures from PwC's comprehensive study. These findings are based on a survey of 193 executives from organisations around the world, with global mobility responsibilities within their company. To read more, check out PwC's website to download the full study.
More people are moving than ever before
- 89% of organisations plan to increase the number of internationally mobile workers in the coming two years.
- 50% of graduates aged 25–34 likely to be living in emerging markets by 2020 (including China 29%, India 12% and Indonesia 6%).
- More than 70% of future graduates from around the world said they would like to work abroad.
Global Mobility helps companies meet business objectives
- 85% of survey participants emphasised the importance of mobility in helping to meet business objectives and 75% agree that assignment destinations match their organisation’s priority destinations for growth.
- 98% of organisations stated they move people globally to meet business needs.
Say goodbye to the idea of a traditional expat, global mobility today is about many types of mobile talent
- Short-term assignments of up to one year will see the largest increase in usage (58% net increase), international business travellers are the second biggest group to grow (57% net increase) and permanent transfers are third (53% net increase).
Innovative Technology is the key to a successful mobility program
- Only 8% believe they have a sophisticated and innovative global mobility programme.
- 38% plan to use mobility metrics to predict the success of future assignments.
Costs and compliance are top concerns for companies
- Managing compliance efficiently was a top priority for mobility teams (51%), cost management came second (44%) and aligning mobility with talent was third most important priority (36%).