At Crown World Mobility we’ve been talking about “the new normal” where companies are moving away from traditional international assignment approaches. This year’s annual survey looked at the patterns and shifts around three different types of international mobility: Permanent Transfers, Local Plus and Localization.
It started a few years ago as a small shift in certain regions such as Asia, within the EU and across LATAM; companies slowly losing tolerance for the traditional international Long Term Assignment (LTA) model.
Why? Initially, and still today, the company’s need to reduce mobility-related costs. The traditional LTA can run anywhere between three and eight times the employee’s annual salary, depending on the policy, employee level, family size and home/host country combinations.