Overseas assignment can fastrack promotions: Mercer

Employees with international experience have a higher chance of being promoted at work,according to 39 per cent of the participants in Mercer’s Worldwide International Assignments

Written by ENS Economic Bureau | New Delhi | Published:April 19, 2013 1:34 am

Employees with international experience have a higher chance of being promoted at work,according to 39 per cent of the participants in Mercer’s Worldwide International Assignments Policies and Practices report. This is despite the fact that few companies have expatriate programme management tools to evaluate their performance during international assignments,the report reveals.

The report,based on responses from over 700 companies worldwide across sectors such as financial services,mining,energy,telecommunications,retail trade,engineering,goods manufacturing,also suggests that the average percentage of women bagging international assignment has increased by 13 per cent,just three per cent higher than two years ago.

The report reveals that global employee mobility in the short and long-term is expected to increase in 2013. Over 70 per cent of companies expect to increase short-term assignments in 2013.

The report showed that 55 per cent of companies expect to increase long-term assignments and highlighted that,for the last two years there has been an increase in the overall number of international assignments. China,the US,Brazil,the UK and Australia are the priority destinations in their respective regions for expatriates.

Why international assignment?

* To provide specific technical skills not available locally

* To provide career management,leadership development

* To ensure knowledge transfer,fulfill specific project needs,

* To provide specific managerial skills not available locally

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