Companies are facing short-term demands for cost reduction in their
mobility programs, while continuing to balance a drive toward the goal
of long-term strategic program enhancement in the coming year, according
to the just-released 2014 Global Mobility Trends Survey (GMTS) report,
published by Brookfield Global Relocation Services.
Brookfield Global Relocation Services has identified six trends that
have emerged from the results of the 2014 GMTS as follows.
1. Compliance:
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Employers’ heightened focus on global compliance continues to drive
program standardization and centralized decision making authority
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92% of respondents indicated that they standardized their policies on
a global level versus a regional or divisional level (historical
average 72%)
2. Cost Reduction:
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72% of respondents indicated international assignment costs are being
reduced as a response to current economic conditions.
3. Flexibility:
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Employers are embracing ever-changing business needs by adopting
policies or programs that allow for greater flexibility, while
continuing to work within a structured environment
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54% reported they had established flexible policies for long-term
assignments
The remaining trends identified on the survey are:
4. "Global Mobility and Talent Management"
5. "Less measurement of Return on Investment (ROI)"
6. "Managed flexibility as a cost reduction tool.”
"Effectively managing costs is always an important consideration,
regardless of economic conditions,” said Traci Morris, CEO of Brookfield
Global Relocation Services. “As mobility leaders, a thoughtful balance
between short term cost reductions and its impact on the broader, long
term business goals of the organization, as well as the success of the
relocating employee are top priorities."
Research for this report was compiled from 159 employers around the
world; combined, these corporate and government sector organizations
manage a global employee population of over 8.5 million people.
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47% of respondent companies are headquartered in the Americas,
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45% in Europe, the Middle East, and Africa (EMEA), and
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8% in the Asia-Pacific (APAC) region.
The GMTS constitutes one of the industry’s most reliable resources for
global mobility data and trends. Each year, Brookfield Global Relocation
Services analyzes the data contained in the GMTS and draws conclusions
about key trends in mobility. These may be used by global mobility
leaders to guide their thinking in areas that may be important to them
as they plan and strategize how best to align their efforts with the
wider business goals of their companies.
Upon completion of the GMTS, each respondent selected a charitable
organization to benefit from their participation. The three charities
they had to choose from this year were: The Asia Foundation, Empower—The
Emerging Markets Foundation and Move for Hunger. $4,000 was donated to
these organizations as a result of respondents participation in the 2014
GMTS.
To view a full copy of Brookfield’s 2014 Global Mobility Trends Survey,
go to: http://www.brookfieldgrs.com/knowledge/grts_research/.
About the Global Mobility Trends Survey Report
Brookfield’s 2014 GMTS is our 19th annual report analyzing
key trends in the relocation and mobility industry, and is the longest
running, most comprehensive survey of global mobility issues in the
marketplace. This report’s longevity affords an inclusive comparison of
each year’s results with historical averages, helping readers gauge the
relative importance of annual variation. Presenting an overarching and
broad view of the global mobility industry, the GMTS provides a unique
perspective of the industry.
About Brookfield Global Relocation Services
Brookfield Global Relocation Services is a full service provider of
corporate and government relocation and assignment management services
to more than 500 corporate and government clients. We provide our
clients with strategic insights and perspective on their mobility needs,
and then obsessively manage every detail to insure success and
compliance. Brookfield Global Relocation Services manages over 80,000
relocations throughout the world annually. Brookfield Global Relocation
Services is an operating company of Brookfield Asset Management, Inc.
(Brookfield). Headquartered in New York and Toronto, Brookfield (NYSE:
BAM, TSX: BAM.A) is an alternative asset management company focused on
property, power, infrastructure, and private equity assets. To learn
more, visit http://www.brookfieldgrs.com/.
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