Did you know that around 40% of expat assignments fail to meet their objectives, costing companies between $300,000 to $1,000,000 per assignment? That's a significant investment in both time and resources gone awry. As global businesses continue to expand, selecting the right individuals for overseas assignments becomes increasingly critical. Here's how your company can beat the odds and ensure expat success:
Why do expat assignments fail?
1️⃣ Cultural Misfit: Incompatibility with the host country's culture can lead to misunderstandings and poor performance.
2️⃣ Lack of Preparation: Inadequate training and briefing before the assignment can leave expats feeling unprepared.
3️⃣ Family Issues: Family dissatisfaction with the host country's lifestyle and limited support can hinder performance.
4️⃣ Health Challenges: Insufficient healthcare provisions and lack of access to quality healthcare can lead to issues.
🌟 Cultural Fit: Evaluate their adaptability and cultural awareness.
📚 Training: Provide comprehensive cross-cultural training and language courses.
👨👩👦👦 Family Support: Ensure support for accompanying family members, including education and healthcare.
💪 Healthcare: Provide access to quality healthcare and insurance coverage.
💼 Job Fit: Assess the alignment of skills and experience with the assignment's demands.
💼 Dual-Career Considerations: Address employment opportunities for the expat's partner.
💼 Assignment Length: Determine if the assignment duration is suitable for both the employee and the company.
Support Strategies During the Assignment:
🤝 Mentoring: Offer mentors or peer support to assist with integration.
🌐 Networking: Facilitate connections within the host country's community.
🏥 Healthcare: Ensure access to medical care and support for medical emergencies.
💼 Performance Feedback: Regularly assess and provide feedback on expat performance.
Repatriation Plan: Plan for a smooth return to the home country after the assignment ends.
💼 Career Path: Discuss potential career advancement upon completion of the assignment.
🌐 How Cleeren Consulting Can Help:
At Cleeren Consulting, we're dedicated to ensuring the success of your expat assignments. Our comprehensive services include:
👥 Online Coaching for Expats
🤝 Counseling for Expats and Their Families
🌍 Adjustment Assistance