Initiated by the CERC and EuRA, the new study reviews 57 global mobility reports, reflecting the experiences of more than 25,000 mobility stakeholders across 140 countries.
The study highlights the top five factors that are driving change across the globe and impacting what estimates suggest is the $60-billion-dollar mobility industry. These are: globalisation – the shift in economic power from west to east; demographic change; individualism – creating more choice for employees; a movement toward knowledge-based economies; and technology.
We are indeed in a changing business environment, as summed up by McKinsey & Company. “The collision of technical disruption, rapid emerging-markets growth, and widespread ageing is upending long-held assumptions that underpin strategy setting, decision-making, and management.”
34% of employers report trouble filling key positions
As CERC chief executive Steve Cryne stated at April’s EuRA Conference, “These factors are increasing demand for skilled and specialised talent across the globe. In response, more employers are expanding their mobility programmes to manage complex talent gaps, increase their global reach, attract and retain employees, and develop tomorrow’s leaders.”
Having spoken to leading consultants over recent months, I have established that managing global mobility will soon become the norm for many organisations. Some companies already have 75 per cent of their workforce working globally across borders. Typically, companies are at 5 to 10 per cent, and some only move around 1 per cent, but that is changing fast.