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What Does the Future Hold for Expatriate Talent Management?
Abstract
The slow recovery in the global economy, shifting workforce demographics and the organizational need to control costs are all creating an increasingly challenging environment in the expatriate talent market. As a result, multinational organizations that are based in the U.S. need to be prepared with dynamic expatriate talent-management strategies that can quickly be adapted to meet changing conditions worldwide.
To quantify and track this evolving situation, Sibson Consulting and IBIS Advisors (an independent international human resources management consulting firm) invited professionals who work for U.S.-based companies that operate abroad to participate in an Expatriate Talent Market Trends Survey. This article summarizes selected survey findings and explores what multinational organizations can do to keep apace of the situation. The three issues discussed below are:
- How multinationals' needs for expatriates are changing,
- Whether the continued use of expatriates is economically viable, and
- How multinationals are exploring new approaches to getting higher returns on their expatriate investments.