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How to ensure a successful placement for your employees Bal Basra considers why international assignments fail, and what employers can do to prevent it
Safeguard their health With international healthcare there can be lots of barriers to accessing local medical facilities and hospitals, let alone
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understanding the costs and procedures of treatment. Your employees need assurance that if anything were to go wrong their needs will be met, and that they can continue (if needed) treatment they are receiving in their home country. Therefore, an international health insurance plan is essential, as is the right policy. It’s also worth noting that in some countries certain prescribed drugs are illegal, such as painkillers or anti-depressants. Ensuring the assignee is aware of this initially could save a significant amount of time and effort. The systems that support mental health, wellness screenings and general health awareness are ever growing. Unfortunately not all areas of the world are at the same stage so it’s important to ensure that health insurance plans can Autumn |
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It has been estimated that international assignments in developed countries have a failure rate between 25% and 40%, and in under-developed countries this increases to 70%. Expat assignments are expensive, on average costing $300,000 per year, so when one fails employers may face significant financial loss. There are many contributing factors as to why placements fail, but fortunately there are a lot of preventative measures that can be taken in order to ensure a successful, productive and enjoyable placement for your employees, their families and ultimately your organisation.
| 2019