'40% of employees resign within a year of taking foreign business trips'
News Article - 08 November 2006
Category:
Business
Measuring the Value of International Assignments - a report
created by PricewaterhouseCoopers LLP and the Cranfield School of
Management - makes the point that companies are not capitalising on
such opportunities and losing staff as a consequence.
Dr Michael Dickmann, of Cranfield School of Management, said: "Our
research has shown that companies are at risk of losing their
expatriate staff because they fail to devise a career path for them
when they return from overseas.
"Much more time and effort must be put into preparing for an
employee's return - they need security, a meaningful role on their
return and to see a clear path for their future career development
within the organisation."
Mr Dickmann added that the performance of expatriates is high
during their assignment and for 12 months after they return but
during this time they are most likely to leave the company.
PricewaterhouseCoopers LLP partner, George Yeandle, said:
"Companies need to plan assignments, be clear about objectives and
timescales and remain involved in performance management as much as
possible, not just hand it over wholesale to the host
country."
According to national government statistics, UK residents made 8.1
million business trips abroad in 2004, marking a three per cent
increase on the previous year.
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