T.J. Spencer, vice president, sales, and managing director of Asia Pacific, Oakwood Worldwide, shares some of the key relocation and mobility trends impacting organisations globally.
At Oakwood Worldwide® we are seeing a rise in demand for accommodation solutions in line with increased mobility throughout Asia Pacific as globalisation drives organisations to expand their presence beyond their borders to remain competitive.
A change in assignment patterns with a shift toward shorter-term assignments is also taking place as organisations use temporary assignments and younger workers on developmental assignments to plug international skills gaps.
Additionally, organisations are increasingly employing home-grown talent in Asia Pacific to create more regional-roles, causing a rise in west to east mobility patterns as well as a rise in intra-regional assignments.
The rise of these regional roles in Asia Pacific is putting an increased pressure on accommodation in Tier 1 cities such as Singapore, Tokyo and Hong Kong. In 2015, we saw the highest number of incoming assignees to Singapore, Tokyo and Hong Kong – in proportion to the rest of Asia Pacific.
The increase in assignments to these Tier 1 cities can also be attributed to organisations offering more flexible and agile mobility policies. Organisations are adapting their policies to provide assignees with a healthy work-life balance, in environments where their families will be best supported, and locations that enable seamless travel, to fulfil the needs of the business across the region.
We expect to see continued flexibility in mobility policies as organisations align their talent mobility strategies with employee propositions to create cost effective, international opportunities that are designed to recruit and retain talent in an increasingly competitive global marketplace.