New York — July 23
Corporations continue to invest in global mobility programs despite increasing regulatory and compliance challenges, according to a 2013 Global Assignment Policies and Practices (GAPP) survey by professional services firm KPMG LLP.
The survey, which polled more than 600 human resource (HR) executives, suggests a strong outlook on the future organizational use of international assignees, particularly in Europe and the energy sector, where 90 percent and 93 percent of respondents, respectively, said they expect continued or increased use of assignees.
Overall, 86 percent of the HR executives surveyed expect use of international assignees to remain the same or increase over the next five years.
Global mobility programs remain popular among employees, largely due to the flexibility and adaptability they offer through a variety of assignment types, the survey suggests. Of the HR executives surveyed, 81 percent reported that their companies offer short-term assignments, 96 percent offer long-term assignments and 47 percent offer permanent transfer or indefinite-length assignments.
Meanwhile, the global tax regulatory and compliance environment presents challenges for corporations’ international assignee programs. However, such regulatory and compliance challenges are not insurmountable.
Source: KPMG LLP