More than 40 Percent of Managers That Are Sent Abroad Fail
Getting a job placement overseas sounds like a dream until it’s not.
The failure rate of expatriates is amazingly high, and experts blame a lack of corporate support and an abundance of family issues.
Some 42% of overseas assignments are judged to be failures by senior executives in a new Right Management survey. That ratio is consistent whether the manager is leaving a company based in Asia, Europe or North America. Executives used their internal targets or perspectives in judging the ex-pat assignment a success or failure. These include whether the worker hit her sales targets or returned early.
“You would think in the globalization of business, of workforce of talent mobility that clearly is at its peak today that companies would smartly invest and think and plan on how to do this,” said Bram Lowsky, group executive vice president for Right Management in Toronto.
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