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Hello friends.
Now, let’s have a look at the “Advantages of transferring a staff for international assignments”.
Many people ask this question: why do we favor expatriate or inpatriate assignments so much? Well, let's know what the reasons are.
The first reason is “position filling”.
Now, look, every organization has a need, and depending on the type of position and the level involved, they will either employ someone locally or transfer the suitable candidate to a particular location.
These are very strategic decisions. Hence, many niticrities are involved.
Generally, “lack of available skills is the major reason for international assignments”.
So, say, for example, an organization wants to fill a particular position at an X location. They tried to source locally, but they were unable to find the right talent. Now, what they will do is, they will transfer someone from their head office and they will allow that person to groom a few people to build the talent pipeline.
Hence, “as per Brookfield global relocation trends survey”, lack of available skills is the major reason to opt for international assignments….
Now, the next one is “management development”.
Generally, staff are often moved to other parts of the world so that they can get proper training related to the organization and they can incorporate the common corporate values there.
Now, again as per the Brookfield global relocation trend survey, the third main reason for an international assignment was Identified as “building management expertise”. This is a very big thing.
If an expatriate assignment is being identified, then the main reason for it is “building management expertise”. (Clear?)
Now, we will talk about “organization development”.
Now, here some more strategic objectives come into play. The first one is “the need for control”. If you want to allow the subsidiary or local market to run according to it or you need your control over there too.
The second one is “transfer of knowledge”. We just talked about it. “Competence procedures and practices into various locations” so that uniformity is maintained.
And lastly, “exploit global market opportunities”.
So, when you go to a particular location and explore it yourself, then you will get to know the finer details there and then you will be able to work in a more efficient manner in that particular market. You will know about the opportunities only when you are there.
As a result, “organization capabilities enabling a firm to compete in global markets increase and their competencies start to develop”. (Understood?)
So, next time when you are planning an expatriate assignment for your organization, these pointers will help you a lot in identifying the main purpose of your assignment. Okay.
Well, if you have any queries or doubts, click on the discussion button below and get your questions answered, discuss them with your fellow learners and share your experience as well.
Thank you.
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