Are Employers Investing More in Global Talent?

HIGHLIGHTS
Immigration Compliance Challenges: Survey Results, workforce mobility

Nearly 60 percent of businesses project immigration-related demand going up in the coming years.

And they’re putting money on it.

That’s what we learned when we partnered with Harris Poll to conduct a nationwide survey of over 400 companies this past winter, covering a multitude of industries and sizes. As businesses look to become even more competitive around the globe, the workforce is becoming more international and mobile than ever. Companies are out to find the best employees, and they’re not just looking in their backyard anymore. The search to fill skills gaps and stay competitive internationally has become global, and it’s worth investing in.

The survey turned up some surprising results, including significant shifts in global immigration trends, processes and challenges facing employers today.

Take immigration-related benefits, for example: 34 percent of companies offer immediate green card sponsorship for employees, 40 percent of employers pay for dependent visa or green card applications for family members—and businesses are covering overseas assignment costs, cultural assimilation training, transportation expenses, temporary housing; the list goes on.

In fact, employers are investing so significantly in the mobility of their workforce that 92 percent profess to spending an average of $6,000 or more on an individual’s immigration benefits. More than a third spend over $16,000 per individual on immigration-related perks.

Companies are naturally broadening the geographic reach of their workforce to meet growing competitive needs. The marketplace for highly skilled employees is becoming even more competitive, especially in high-tech industries, and the challenges of finding local personnel to fill organizations’ skills gaps and compete on an international scale are immense.

Concurrently, employees have shifted their expectations as well, and a global work environment has become attractive—even expected—to candidates.

According to PwC’s Talent Mobility 2020 & Beyond report, 71 percent of millennials not only expect an overseas assignment at some point during their career, but they want to be assigned overseas. It’s what they’re looking for in an employer.

So, what did we learn from this year’s Global Workforce Mobility survey? We learned that employers in all industries are investing in a worldwide, mobile workforce.

Are you?

Read the final report here to see how your business measures up to new trends in global workforce management.