Ernst and Young’s Global Mobility Effectiveness Survey 2012 ‘Driving Business Success’, has revealed that when talented employees travel abroad for work assignments, some choose to leave their organisations on their return.
The survey of 520 global companies found that 11% of employees resign and move on to another company after returning home from overseas.
Speaking to HR magazine, Kevin Cornelius, Human Capital Partner at Ernst and Young, said:
“Companies must remember that their highly valued employees are highly sought after, so they must have a retention plan in place to prevent them from leaving.
“Keep track of the individual’s development while abroad and look at their development so when they come back you can match their needs.”
“It is amazing how many companies do not have a talent management process in place to prevent things like this happening. You are effectively doing nothing to stop your best people moving to your competitors.”
The research also found that nearly half of the companies surveyed expect to increase global mobility assignments in emerging markets over the next year, while it suggests that global mobility is expected to rise significantly over the next three years.
Human Capital Partner at Ernst and Young, Stephanie Phizackerley, commented:
“As the global economy remains uncertain many leading companies are directing fresh investment and talent to growth or emerging markets, while simultaneously trying to maintain margin and revenue in mature regions with an experienced workforce and more focused strategies.
“To meet the many challenges that organisations face, it is essential that talent management and global mobility are integrated to make sure that expertise and experience are exploited to the best advantage.”