New research has revealed the growing trend amongst international companies of sending employees on overseas assignments.
The study, initiated by ECA International, covered the past 20 years’ history of overseas assignments, showing that at present there are more expats working abroad than at any time in the past. Over 50 per cent of the companies taking part in the study reported increased year-on-year numbers of relocations to overseas branches.
Interestingly, the statistics of increases in overseas postings didn’t change much during times of economic shock. Neither the 1998 Asian financial crisis, nor the post-9/11 downturn and the 2008 global recession had longer-term effects on overseas assignments. Although expat numbers slowed slightly, significant increases soon followed and the upward trend continued.