Global relocation support provider Cartus has released its seventh “Trends in Global Relocation” survey, showing cost concerns and the need for greater flexibility as the most influential factors.
The global relocation landscape is constantly adapting, requiring multinational companies to keep up-to-date with the best approaches for global mobility policy while also keeping the costs down.Aware of this requirement, Cartus, the global relocation support provider, has recently released the seventh version of its Trends in Global Relocation: Global Mobility Policy and Practices survey report.The study, sponsored by the National Foreign Trade Council (NFTC), surveyed 176 mobility managers – who represent almost 10 million employees – on a range of mobility-based topics. The report outlines the challenges faced by companies today, the solutions they are employing and where their employees are being relocated. The report highlights a number of issues facing the global mobility world today; we look more closely at three of the key points.
The need for flexibility
Traditional assignments – both long and short term – involve sending assignees out to a host location and bringing them back once the assignment is completed. The report highlighted a shift in relocation trends suggesting that the most common type of relocation assignment today is a permanent move, whereby the return trip upon completion of the assignment is handled completely separately.This resulted in 76 per cent of respondents reporting an increase in the need for flexible approaches to job transfers, driven particularly by generational needs and changing expectations, as well as cost concerns.