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Employers offer more flexibility in overseas assignments

Employers offer more flexibility in overseas assignments

Due partly to Gen Y up-and-comers who want international experience but on their own terms, one size no longer fits all in regards to international assignments. 

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Source

http://management.fortune.cnn.com:Employers offer more flexibility in overseas assignments

sk@globaltalentstrategy.com

A recent article in Fortune magazine has highlighted the increased trend toward flexibilty on international assignments offerings in 2013. They outline that employers are offering more choices than ever as they need to encourage retention and more deployments. 

They draw attention to a recent PwC study which highlighted 3 key policy changes that employers are deploying to provide more choice and encourage international assignments.

1. Increase in use of commuter policies

"Over 20% of companies now encourage "commuter" policies -- in other words, letting managers fly back and forth between an overseas post and their home base, as you'd like to do. That's a leap from just 8% in 2002. "Employers used to move managers and their families from, say, New York to London or vice versa," observes Eileen Mullaney, a PwC principal in charge of the firm's global mobility practice. "You hardly ever see that now. People commute back and forth instead, without moving their families."

2. Increase in use of "extended travel" policies

About 80% of the companies PwC studied also have "extended travel" policies, allowing executives who spend most of their time on the road to let their families stay in one place. That percentage has more than doubled from 30% in 2002. "So many overseas jobs now have huge travel requirements," says Mullaney. "So it often doesn't make sense to uproot someone's whole family if the employee is going to be away most of the time."

3. Cafeteria/Flexible Benefits

Also, PwC's research shows that many employers now offer "menus of benefits," allowing those who transfer overseas to pick and choose among different options that the company is willing to pay for, similar to "cafeteria plans" in other areas like medical benefits. Some typical items on the menu: An assignment preview trip, an incentive bonus for taking the job, help with selling a home, or even, in some locations, a "hardship premium."

To read the article in full please visit here

Facts

20% of companies now encourage "commuter" policies

On the front page

15/08/2014, by Sally Khallash

Employers offer more flexibility in overseas assignments

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