Up or out: next moves for the modern expatriate, reports that four in five executives believe that an assignment in a “major emerging market” is essential to career progression.
But the days of cushy overseas packages, with school fees, rent and driver included, are history. Fierce competition for these career-boosting posts is allowing international firms to offer much reduced packages, based on host country salary levels and without "hardship" allowances.
This, according to the EIU, favours young unattached executives eager to acquire international experience, rather than experienced senior executives with families.
Apparently strains on family relationships often bring postings for expatriates with a spouse and children to a premature end. Senior managers are being offered “commuter assignments” which force them to be home on weekends and make it harder to shack up with an exotic local.
Other key findings of the study, which was sponsored by office supplies firm Regus, include:
• Nearly three-quarters of survey respondents believe that “cultural sensitivity" is the most important attribute of an expatriate; and 70% of respondents said that it is hard to find the right type of person from within their ranks.
• Around three in five expatriates believe that their corporate HQ does not sufficiently grasp the local business environment. One in three complains of excessive interference, and a similar proportion maintains that the corporate centre has excessive revenue expectations of the local market.
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