sunny 2007-4-12 03:31 PM
The Right Way to Bring Expats Home
mployers often dole out as much as $1 million for each employee they send on an overseas assignment. So when an employee returns home and jumps ship, it’s a huge investment loss. 9g.f(@uazo$x;c
(_.^'lN v'n*?
Almost a third of repatriates end up quitting within two years of returning from abroad, research shows. Why do they leave? Often there’s no career path in place for them, they’re not using skills they gained overseas, or they’ve grown accustomed to more autonomy abroad and don’t feel challenged.
iBm `H6Mw
-A3b`t.@8Y
But there are steps that employers can take to retain repatriates. Consultants say the key is having a full-circle repatriation program, one that supports employees and their families before they leave, during their stay, and—perhaps most important—after they return.
7}j;i)dz&`
.B9p H:Qlo8]
The high cost of not having a process
g
I$p6?G:}R$d
“Sometimes the repatriation process is an afterthought for many companies,” says Laura Herring, CEO of The Impact Group, a relocation consulting firm in Minneapolis. “The number one reason for having a repatriation program is to protect your $1 million investment.”An increasing number of companies today do have repatriation programs, but many still can’t retain people because the organization doesn’t guarantee jobs when the assignment ends, says John Wada, business development consultant at Runzheimer International, a relocation firm in Rochester, Wisconsin. Two-thirds of companies offer no job guarantee, according to the Global Relocation Trends 2001 Survey Report, a study on relocation data and trends sponsored by GMAC Global Relocation Services, National Foreign Trade Council, and SHRM Global Forum. And many repatriation programs don’t counsel employees when they come home—when repats are at the highest risk of quitting.:zrM0@/jrC
+k(B8\'P's*l)Z
That re-entry counseling is not only the most critical aspect of keeping the employee, it’s also the cheapest, says Margery Marshall, president of Prudential Financial’s Relocation Services in Irvine, California. “And that’s what companies are ignoring the most.”rqT w%y
PA
uFPx,V(b~jo{;l
An effective repatriation program costs between $3,500 and $10,000 per family, Herring says. To retain a repatriate, smart companies plan a program that spells out career goals, prepares the family for cultural differences and adjustments, keeps the person connected to the home office, and allows the employee to use his international skills when he returns.
z&Z