A recent survey of multinational firms, that have a globally mobile workforce, found that nearly 60% of them are looking to implement tools to allow them to unlock trends within existing data and empower them to make strategic business decisions.
These findings very much align with what we are hearing from our global corporate clients, there seems to be a common consensus that the use of data analytics will be the next step in Global Mobility. There is a real need to share insights and guidance to develop data analytics technology and processes in order for organisations to continue on their digital transformation journey.
For global mobility professionals, the combination of accurate and predictive analytics could assist their teams to become more strategic within the business. The development and correct use of data analytics can allow practitioners to assess their globally mobile workforce and ensure they deploy the best talent. It can also provide insight into highly profitable business locations in terms of assignment success. Conversely, it could identify high percentage assignment failure or poor ROI.
In order to remain competitive, many of the organisations we are working with are looking into leveraging data analytics into their programs within the next 12 months. They understand that the use of data analytics can assist them in streamlining their processes and reducing costs whilst ensuring they remain compliant.
How can organisations identify global mobility data trends in order to make informed strategic decisions?
Alex Felstead, Associate Director, Joseph & Co