Global Mobility Trends: Tips for Managing an International Workforce
The global presence of companies is thanks to the fact that economies are now more international and working from anywhere is unlocking the potential of many talents. Small companies now can expand and tap into international markets and the whole revolution that remote work has brought made us rethink global mobility and be innovative to win new customers.
Global mobility is the process of moving people around the world for business purposes.
Mobile workers may move permanently to another country, go on long or short-term assignments abroad, or regularly cross international borders.
The effect of the Great Resignation
While the world had historic events, the Great Resignation did not go unnoticed. Massive job desertion and the frantic search for better conditions were the priority for employees to make this decision, even above salary and bonuses.
Many companies lost some of their talents that suddenly disappeared, but looking on the bright side, this trend did nothing but raise a major reorganization. Employees are not just wanting to work, they are reorganizing to balance their life and align it with their personal and professional goals.
In the realm of global mobility, HR teams are challenged to build attractive packages for employees and their training plans, which means offering employees a choice of where they work, with tailored benefits and emotional support for those moving abroad.
While global mobility is key to attracting the best talent and skills, the immigration landscape was made uncertain by the pandemic, Brexit in the UK, and the war in Ukraine. Border closures and tightening immigration rules affected local labor markets.
International companies must prepare for protectionist trade policies and modify their mobility strategy to be more resilient to worker shortages.
Expatriate workers should also be mindful when applying for their benefits as these should be aligned to the destination country, but in line with the cultural fabric of the company, so as not to differ from what they are used to where they arrive.
Another issue that made companies turn around and put focus on is climate change and the reduction of the carbon footprint. By rethinking travel policies, companies with ethical and sustainability strategies give their employees options to also reduce short trips with technological alternatives that allow the approach of their customers without the need to make a major mobilization.
Tax issues are always complicated, but even more so if you have a staff or a sizeable workforce in different countries.
Understanding the tax systems and legislations in the destination countries will be key to successfully managing the work teams. Keep in mind that many governments around the world are tightening their control over tax compliance and if you do not have knowledge in this area the cost in money and time, in the long run, may be higher.
Take these details into account if your expansion plans include building global teams or relocating employees across borders.
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