Worldwide ERC® and Towers Watson partnered together to create the recently released Global Talent Mobility Survey: Regional Differences in Policy and Practice. The study focuses on three major points:
- How organizations approach talent mobility as part of their talent management strategy;
- The difference between existing policies in the U.S., Europe, and Asia, and;
- How effective the current mobility structure is in attracting and retaining key talent.
A sample of survey findings reveal:
- Forty-three percent of Asian companies project an increase in cross-border traditional expatriate assignments through 2014.
- Eighty-five percent of companies said they will send staff on traditional expatriate assignments within Asia itself.
- Sixty-seven percent of Europe-headquartered companies and 53 percent of U.S.-headquartered companies report that they have an Organizational Development/Talent Management group with primary responsibility for talent management, compared with 21 percent of Asia-headquartered companies.
- Fifty percent of survey respondents indicate that decisions about international assignments are made as part of an integrated talent management process. Of those, 91 percent of Asia-headquartered companies involve the human resource department in these decisions, compared to 86 percent of Europe-headquartered companies and 100 percent of U.S.-headquartered companies.
Worldwide ERC® CEO Peggy Smith said, “The ‘merger’ of talent management and workforce mobility has been a powerful combination over the past few years as a critical piece of a company’s business strategy. This survey underscores the focus on this essential HR area, and shows that multinational organizations are reexamining their talent mobility practices as the global economy begins to steady and the talent war kicks into high gear.” Cathy Loose, Director of Benefits & Asia Pacific Benefits Business Development Leader at Towers Watson concurs, saying, “Companies need to continue to focus on talent management as a business discipline that facilitates evaluation of their talent profile.”
Available on a complimentary basis to current corporate and government agency HR members of Worldwide ERC®, the survey is also available for purchase by current members within other Worldwide ERC® membership categories for $840, and $1,200 for non-members. The report can be ordered at www.Worldwideerc.org through the Resources tab.
About Worldwide ERC® – Worldwide ERC® is the recognized industry authority on relocation and international assignments in the U.S. and major global traffic areas. Worldwide ERC® is headquartered in the Washington, DC metropolitan area. Contact Worldwide ERC® at +1 703 842 3400, or visit http://www.WorldwideERC.org
About Towers Watson – Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 14,000 associates around the world, Towers Watson offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management.