New research from PricewaterhouseCoopers (PwC) has revealed a large increase in international assignments.
Talent mobility 2020: The next generation of international assignments, showed that there has been a 25% increase in international assignments in the last decade with a further 50% predicted for the next ten years. The report, which involves trend data from 900 companies, showed that over half of the CEO’s surveyed plan to reconsider global mobility plans.
In addition, the location workers will be relocated seems like it will change. This is due to the populations of traditional business capitals being overtaken by new locations. For example 11 of the 30 most popular cities in 1950 have been replaced with new destinations. Predictions show that by 2025, London will no longer be one of these cities.
The report also showed that with the increase of international assignments comes a new generation of willing travellers. 4,200 graduates were surveyed on their expectations and the results showed that of these “millennials” 94% expected to work more across geographic borders than their parents. 80% of these wanted to work abroad and see it as a part of personal development.
Carol Stubbings, International Mobility Partner, PwC, says: “While we’re not consigning existing international work models to the history books, governments and companies will have to work together to manage some of the barriers to international mobility that will otherwise impede global competition and operations.” She continued: “Ideally, the movement of employees and executives between countries will be fluid and characterised by collaboration, not by onerous and costly administration.”