For modern companies hoping to compete on an international level, global mobility should be a high priority. Businesses that achieve global mobility are those that are able to transition employees or parts of the business to different countries seamlessly. This requires strong guidelines to follow in each international move, in which the logistic and practical elements are considered and manoeuvred with ease. Risks should be mitigated to ensure a smooth move for all business elements and employees involved. This is what makes a global mobility policy so important.
A successful global mobility policy can make planning international business moves easy for your company. Having a tried and tested process for global transitions will help with employee retention, achieving your company’s long-term goals, and overall employee satisfaction. We’ve put together a guide to why a global mobility policy is important and how to create an effectual process for your business.
Global Mobility Best Practices
For companies in some sectors, it can be easy to see other companies expanding into international markets and feel the need to emulate their global development. This is not an effective plan for your business.
Instead, a global mobility policy should identify your individual businesses plan for the future. For your mobility strategies to add value to your business, your policy should look at your business alone and decide which overseas markets would be beneficial to join. You should also consider where global talent is coming from in your sector to ensure your workforce is developing and diversifying effectively.
Many companies choose to act now and plan later. Others underestimate the work and the time involved in creating a new or your first global mobility policy. This can mean that their global mobility policies are created in a short amount of time and with little consideration of their long-term business objectives. Some of the most successful policies are laid out as a clear roadmap, connecting their business’ goals with actions and results. Below are just some of the steps to creating the perfect policy for your business.
Define Objectives
The first step in designing any policy for your business is to ensure you have nailed down your business’ values and future objectives. Everything your business does in terms of global mobility and development should be traced back to one or more of these objectives or values. If not, then the actions of your business are not adding real value.
Analyse Current Processes
It’s important to be reflective about any current global mobility processes or policies that are in effect throughout your company. Each move should be seamless and have very similar outcomes. If there are huge discrepancies in the success of international moves, then you need to evaluate what is working and what is not working for your business. In assessing the need for change in your company, you should look at factors including the following:
- Value: Assess the outgoing cost and value that your processes are adding to your business. If it is not cost effective, changes need to be made.
- Consistency: – Your policy should be clear and cohesive to allow each move to be consistently successful.
- Competitive: – Competitive packages that build careers and develop employees are great recruitment and retention aids for your business.
If you do not have a current process concerning global development, this is where you can begin to identify requirements for international mobility.
Brainstorm and Draft
Once you have identified the requirements of your business when it comes to global mobility, you should then be in a position to define your approaches and strategies. Ensure that these can all be linked back to your objectives and values. You can then begin to draft your global mobility policy and the principles which will guide the process.
Global mobility best practices include being detailed for every type of assignment relevant to your business, assigning the responsibility of managing the global mobility program, and having stakeholders approve the basic framework.
When it comes to programme management, Gerson Relocation can help. We offer a range of programme management services so that you can retain as much control over your global mobility programme as you want.
Implementation
Once a formal document has been produced, these can be finalised and training for your management team can begin. You should be ensuring coordinated communication at all times while ensuring your global moves are directly related to where your business plans to be in the future.
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