The Right Way to Manage Expats

In today's global economy, having a workforce that is fluent in the ways of the world is not a luxury. It is a competitive necessity. No wonder nearly 80% of midsize companies and large companies currently send professionals abroad - and 45% plan to increase the number they have on assignment. On average, expatriates cost 2 to 3 times what they would in an equivalent position back home. The fact is, however, that most companies get anemic returns on their expat investments. The companies that manage their expats effectively come in many sizes and from a wide range of industries. Yet it has been found that they all follow 3 general practices: 1. sending people for the right reasons, 2. sending the right people, and 3.finishing the right way.