ori
TRANSCRIPT
![Page 1: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/1.jpg)
1
Relocation 2012:
Trends in a World of
Economic Downturn
Israel Fruman, Sep 20128 Hamelacha St. Netanya 42505 Israel. Tel: 972.9.865.8616 Fax: 972.9.865.8619 www.oriil.com
Global HR & Relocation Solutions
![Page 2: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/2.jpg)
2
Definitions
Relocation: be established in a
new residence of place of
business
Expatriate: an employee on a
work assignment outside of his
home country for a definite
period of time.
![Page 3: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/3.jpg)
3
Reasons for Relocation
0%
5%
10%
15%
20%
25%
30%
35%
40%
Tech Transfer
Fill Skills Gap
New
Endeavors
Bus Relations
Global C
adre
![Page 4: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/4.jpg)
4
General Trends
Increased global assignments
Increased concern to cost
Increased resistance to mobility
![Page 5: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/5.jpg)
5
Trends: 2010 - 2012 (Brookfield, ORI)
0%
10%
20%
30%
40%
50%
60%
70%
Increased Same Decreased
2010
2011
2012 est
![Page 6: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/6.jpg)
6
Cost of Relocation
Expatriates/Local Ratio (HRBS)
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
Ind Chi Kor Phi Tha Sin Tai Jpn Hkg Aus
![Page 7: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/7.jpg)
7
Cost of Relocation
“Hidden Costs”Organizational Overhead: 1 Expatriate = 10 Employees
Ramp-up Time (two directions!)
Turnover: 8% terminate during relocation –
but this is just the “peak of an Iceberg”:
�23% Terminate during 1st year of return
�20% Terminate during the 2nd year of return
Reasons:
�“Mental Turnover”
�More marketable assets
�Pay cut
�Perceived Lack of opportunity
![Page 8: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/8.jpg)
8
Alternative Assignments
Employee Initiated Transfer
Short-Term Assignment
Commuters
One-Way/Permanent Move
Localization
Regional Relocation
![Page 9: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/9.jpg)
9
Alternative Assignments (cont)
Repatriation
Rotation
Graduates Relocation
Sequential Assignments
Virtual Assignments
![Page 10: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/10.jpg)
10
Cost Reduction
Policy/Compensation offered
Candidates selection:�Family status
�Age
�Lower cost economies
�Job seniority
Scrutiny of policy exceptions
Local hiring
![Page 11: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/11.jpg)
11
Change in
Demographics (Brookfield, ORI)
0%
5%
10%
15%
20%
25%
30%
Regional 25-35 yrs N/Accom Singles
2011
2000-11
![Page 12: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/12.jpg)
12
Resistance to Relocation
Dual Career
Career Insecurity/Concerns
Children
Parents
Life Style and Culture
Lack of Financial Reward
![Page 13: Ori](https://reader033.vdocuments.us/reader033/viewer/2022042814/55619a3bd8b42a96778b5b05/html5/thumbnails/13.jpg)
13
Spouse Employment (Brookfield)
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Pre-Assignment During Assignmant
2011
2000-11