Mostrando entradas de abril, 2013

Expatriates vs Permanent International Transfers (Localization)

Current global economic conditions are tempering the mobility activity and promoting change in the practices of multinational companies. There is a trend to develop new assignment policies to provide an alternative to the  traditional    Expatriate,  that is: a temporary assignment - the employees are placed on assignment for 1 to 5 years before being sent back to their native country with allowances for the employee and his/her family - home, school, health insurance, holiday travel, relocation, language lessons, etc.. plus additional economic compensation that allows living comfortably in the country of destination, and often building some savings for the future. The associated cost of the traditional Expatriate program is not appropriate in many cases. More and more often, the international assignments are self-initiated by the employees to gain international experience, grow professionally and enhance promotion prospects or pursue new career opportunities. Moreov