39% of companies plan to increase their expatriate staff over the next five years.
The recession hasn't stopped companies from sending employees overseas to pursue business objectives. In fact, many organizations are planning to increase the number of expatriates they have on staff, according to a recent survey from Regus and the Economist Intelligence Unit. Many employees are eager to take part in these assignments, seeing expatriate experience as an opportunity for professional development and personal fulfillment. Many also seek a "life-changing experience" out of the assignment. It helps that for their efforts organizations often provide housing and relocation assistance, along with tuition for kids and regular trips back home. It’s not always easy, however: Many expats complain of cultural differences encountered at work and in everyday life, and also cite a lack of understanding from home-office managers about the challenges of their task. More than 400 professionals who have been involved with expatriate assignments took part in the survey. To access the report, go to Economist Intelligence Unit Report.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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