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Multinational companies are significantly
increasing the number of international assignments, but the
effectiveness of their expatriate policies varies, according to
a survey by Mercer Human Resource Consulting, the global leader
for HR and related financial advice.
Some 44 percent of multinational companies
report an increase in the number of international assignments to
and from locations other than the headquarters over the past two
years, according to Mercer’s 2005/2006 International Assignments
Survey. The survey provides the latest practices and policy
developments in employee mobility management among approximately
200 multinational firms worldwide, and across a variety of
industries.
Much of the increase in the number of
international assignments is due to the widespread use of
short-term placements which have become more prevalent over the
past few years. “Short-term assignments are popular because they
are generally more cost-effective than long-term assignments and
they allow companies to transfer skill sets quickly and easily,”
said Yvonne Sonsino, a principal with Mercer in London.
“However, for short-term assignments to be successful, companies
need to develop well-defined policies to manage costs and limit
risks.
According to survey findings, while the
majority of multinational companies (84 percent) place employees
on short-term assignments, only about half (56 percent) have a
formal policy for...
...Continued
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