Fewer Companies Sending Employees Abroad
Brookfield Global Relocation Services recently reported that 25% of the 180 multinational firms surveyed would decrease how many employees are relocated overseas. Assignment costs was the number one reason. China topped the list as the most relocated to country while also being the most difficult country to move to.
Older and experienced employees were more likely to be relocated, with only 9% of companies sending employees aged 20-29 abroad. However, 92% of companies stated that family concerns was the top reason for refusing a foreign assignment. Children’s education, cultural adjustment, location difficulties, and partner resistance were considered the most critical challenges. Spouses were particularly affected. Their employment was less likely before and during an overseas assignment.
