It is estimated the number of expats working around the world could increase to almost 90 million by 2021. For international human resource managers (IHRMs) this represents both an opportunity and threat. Growing employee mobility allows businesses to expand into new markets where the required skills are not available locally. However, expatriate management is challenging for IHRM’s. The process of selecting, preparing and implementing a successful expatriate placement programme may face difficulties.
Expat failure is estimated to be between 20% and 40% depending on industry and location. The cost of expat failure for US businesses alone, is in the region of $2 billion. It is easy to see why developing the right expatriate management strategy is crucial.
We have established of pre departure training for employees taking up an expatriate role. If you are tasked with developing a pre-departure training program it can be difficult to know where to begin. There are several components that should be included to provide expat candidates with the best opportunity for success: