Today the world is shrinking but it is more connected and international in every way possible. The landscape of the global workspace is forever expanding, stretching beyond international borders and digitized. Remote workforce and hybrid workplaces are a reality now more than ever. The importance of a global mobility group is playing a pivotal role in the overall development of the organization. Mean for a company?
What does a global mobility group mean for a company?
Several organizations across the world need to have a strategy for global mobility. It is not an afterthought that can be addressed in an ad hoc fashion. Keeping an upward trajectory and fighting against all odds is the current day demand. For business leaders, this would mean crafting a foolproof strategy and looking for global mobility group or solutions.
What is the meaning of global mobility?
Global mobility is a type of function within the organization that helps to enable the employees to move from one location to another. There are a lot of concerns that need to be addressed like logistics, technology, taxes and compliance apart from the legalities involved. For all corporate business houses, employee retention and talent development are paramount for business continuity. Companies will invest in global mobility group and programs to facilitate this.
A few years ago global mobility was only focused on senior leaders and high potential candidates of the company. However, this has changed and new trends are emerging from global mobility programs.
Here are some top reasons why the global mobility group is important:
Global mobility is a factor or trend that has emerged along with human capital. If you draw a parallel and arrive at conclusions it is easy to notice its importance.
- It is imperative that many businesses and organizations have increased productive engagement, flexibility and the well-being of their employees through remote work.
- Many top executives think and believe that the ability of the workforce lies in the adaptability and their capability to reskill and take up new roles. Upskilling and mobility are the top actions taken by companies to transform the workflow.
Flexibility empowers the global mobility group
Today virtual work is the way forward and 90% of the work is done online. It has broken all economic and geological barriers and has emerged as a major power for the workforce. For companies to adapt to hybrid and remote work environments it is extremely essential to have a global mobility group as a part of their organization.
Challenges faced by the global mobility group
Every step forward in nature comes with hurdles. One of the biggest challenges faced by various organizations and business houses is relocating their employees. It could be to any part of the world; however, transitioning an employee from one place to another is a daunting task. Some of the most common factors involved are:
- Relocation assistance
- Immigration and visa services
- Shipping household goods
- Local banking services
- Out-of-scope expenses
Ironing out these aspects is easier said than done! An organization has to have dedicated teams for this purpose and have the ability to handle the workload involved. It is crucially important for the employee’s well-being and the migration has to be stress-free.
These are not all and there are several other factors that need to be considered by the global mobility group like an insurance for example. From the organizational point of view, it might seem like the ‘Mount Everest’ of expenditures. However, it is possible to design a cost-effective global mobility program and it is not daunting if it is well planned.