The cost of sending an employee to work in another country are high. It can cost up to three times the employees compensation for the year when all expenses are considered. Unfortunately, for many global businesses, expat failure rates are also high. Research indicates 40% of expatriate assignments end in failure of some kind, either early repatriation of the employee or failure to achieve the goal of the assignment.
The good news is, global HR best practice can improve the expat experience and reduce failure rates. One of the recommended methods to improve an employee’s chances of success is to assign them a mentor.