- Despite the growing importance of investing in global talent and mobility, the majority of businesses are failing to effectively relocate their talent, HRM America reported.
- According to an industry survey by MOVE Guides and the RES Forum, only 18% (fewer than one in five) “globally mobile professionals” believe their company’s relocation program meets all of their expectations. None of the respondents said their company’s program exceeded expectations, HRM America said.
- The most common challenges for HR professionals include: high costs, compliance risks and having too many points of contact.
A quarter of HR professionals who responded identified talent mobility as one of the most time consuming and complex HR functions, over learning and dev, reward, and performance management combined – and for good reason.
When a company requests to move someone, someone will file the request, then contact the talent mobility department for a cost estimate, which will need to be approved by the finance department. Often, a recruiter and local HR business partner in the area will also need to be contacted. That doesn’t even include other vendors that might be involved, including shipping, travel providers and housing contacts, MOVE Guides CEO and founder Brynne Herbert explained to HR Magazine.
Above all, HR must make sure to keep their people’s feelings and needs in mind during these moves.
“As long as people feel they and their family are treated considerately they are generally resilient and willing to accept setbacks,” Claire Fox, global HR director for Save the Children International, told the magazine. Unfortunately, ways to solve this issue are just as complex and time-intensive.