Cartus: Top 10 challenges for global relocation
17 December 2012
Money makes the world go round, and it is also the biggest challenge for companies sending their employees around the world when managing global relocation programmes, a survey from Cartus Corporation finds.
Mon, 17 Dec 2012
1. Controlling relocation/assignment costs: 61%
2. Complying with laws and regulations: 51%
3. Housing: 41%
4. Moving employees into areas with limited infrastructure: 29%
5. Structuring compensation packages: 28%
6. Finding suitable candidates in the local market: 27%
7. Attracting qualified candidates to go on international assignments: 24%
8. Payroll and currency issues: 24%
9. Safety and security: 24%
10. Schooling: 24%
Africa was seen as the trickiest relocation destination overall, coming top in 12 of 15 categories, while Central and South America was perceived to be the most problematic around structuring compensation packages and payroll and currency issues. Greater China led all regions in language and cost-control issues.
Matt Spinolo, executive vice president at Cartus comments: “Challenges differ tremendously from country to country, making the relocation process more complicated for companies that need solutions when they move employees to more locations, as well as locations that are less developed.
“One size simply doesn’t fit all.”
Money makes the world go round, and it is also the biggest challenge for companies sending their employees around the world when managing global relocation programmes, a survey from Cartus Corporation finds.
Cartus, which provides advice on global relocation solutions, questioned nearly 200 international mobility managers from around the world, with the list following below the ad showing the greatest challenges they face:
1. Controlling relocation/assignment costs: 61%
2. Complying with laws and regulations: 51%
3. Housing: 41%
4. Moving employees into areas with limited infrastructure: 29%
5. Structuring compensation packages: 28%
6. Finding suitable candidates in the local market: 27%
7. Attracting qualified candidates to go on international assignments: 24%
8. Payroll and currency issues: 24%
9. Safety and security: 24%
10. Schooling: 24%
Africa was seen as the trickiest relocation destination overall, coming top in 12 of 15 categories, while Central and South America was perceived to be the most problematic around structuring compensation packages and payroll and currency issues. Greater China led all regions in language and cost-control issues.
Matt Spinolo, executive vice president at Cartus comments: “Challenges differ tremendously from country to country, making the relocation process more complicated for companies that need solutions when they move employees to more locations, as well as locations that are less developed.
“One size simply doesn’t fit all.”
