How can HR departments
adapt their global mobility strategies to make such assignments more attractive
to Gen Y?
A recent PwC report, Talent
Mobility: 2020 and Beyond, stated that multinational companies are facing
talent shortages and skills gaps because younger people don’t want to work in
emerging economies such as India and China.
So how can HR departments
adapt their global mobility strategies to make such assignments more attractive
to Gen Y and millennials entering the workforce, and resolve the startling
mismatch between where companies want to expand and where staff want to be
located?
HR magazine asked two industry experts for their
views. Today, Carol Stubbings, UK international assignment services leaders,
PWC, gives her view.
"For the millennial
generation, the prospect of a global assignment as part of their job is an
exciting one. More than two-thirds (71%) of this generation want to spend some
of their career working abroad. This should be music to employers' ears as they
want a flexible workforce that can adapt to changing business needs, but the
sticking point is location. Graduates and employers have very different views.
The usual suspects of the
US and Australia remain at the top of millennials' wish lists, while the
rapidly growing countries where employers often need to plug skills gaps are at
the bottom. Only 11% of those questioned for our report said they would accept
an assignment in India, and a mere 2% in mainland China - the same proportion
as for Iran.
The attraction of these
countries for companies far outstrips the attraction for staff. So how do they
resolve this mismatch? Generous pay was often used in the past to lure
employees to less glamorous locations, but companies are increasingly looking
at different forms of motivation to encourage international mobility.
Accentuating the career
development prospects of an assignment in a fast-developing country can be a
successful tactic. More organisations now see international mobility as a
must-have for leadership positions, and people who are prepared to go to developing
markets and make a success of those secondments will often be rewarded.
Companies need to become
better at selling these opportunities to their employees and highlighting the
aspects or outcomes that appeal to them. And even when career development is seen
as enough of an incentive, care must be taken before any assignment to ensure
all the core things such as accommodation, schooling and healthcare are set up.
Who knows, it might not be
too long before China is topping graduates' wish list of locations."
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