Expatriate Rules of the Road
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Transcript of Expatriate Rules of the Road
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TalentTakeawayswebinar & podcast series
Expatriate Rules of the
RoadGuest Presenter: Chuck CsizmarFounder & PrincipalCMC Compensation Group
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AGENDAThe Series
TalentTakeawayswebinar & podcast series
Talent Takeaways Series
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AGENDAAGENDAThe Sponsor
Talent Takeaways Series
Talent Management Made for Managers
Compensation Planning Total RewardsStay Interviews
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AGENDAAGENDAExpatriate Rules of the Road
Talent Takeaways Series
Presented by:Chuck CsizmarFounder & PrincipalCMC Compensation Group
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AGENDAAGENDA A Complex and Costly Affair
Talent Takeaways Series
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AGENDAAGENDAA Complex and Costly Affair
Talent Takeaways Series
Procedural technicalities
Emotional stress
Career risks
Huge cost commitment
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AGENDAAGENDAYet Still They Come
Talent Takeaways Series
Knowledge transfer
Skill development
Integrating an acquisition
Corporate representation
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AGENDAAGENDA You Must Stay on Track
Talent Takeaways Series
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AGENDAAGENDAYou Must Stay on Track
Talent Takeaways Series
Failure rate is too common
Expat relationships require effort & attention
Create a win-win scenario
No guarantees, but common sense helps
“Rules of the Road” can help steer the adventure
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AGENDAAGENDA Have a Policy
Talent Takeaways Series
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AGENDAAGENDAHave a Policy & Use It
Talent Takeaways Series
Policy delays are common
Minimize negotiating “feeding frenzy”
Avoid “stealth expatriates”
“Get it done” attitude is costly
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AGENDAAGENDA Why Are You Doing This?
Talent Takeaways Series
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AGENDAAGENDARequire a Business Case
Talent Takeaways Series
Can you answer the “why?” question?
What is the assignment ROI?
Advance notice of projected costs
Soft answers cost hard dollars
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AGENDAAGENDA Approval Chain of Command
Talent Takeaways Series
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AGENDAAGENDAApproval Chain of Command
Talent Takeaways Series
Establish gatekeeper approval process
Managers will try to game the system
Unauthorized signatures still cost
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AGENDAAGENDAConsider Non-Traditional Assignments
Talent Takeaways Series
Use shorter term assignments
Extended business trips
More attractive to candidates
Lower costs, easier adjustments
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AGENDAAGENDASelect Employee Ambassadors
Talent Takeaways Series
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AGENDAAGENDASelect Employee Ambassadors
Talent Takeaways Series
Remember “The Ugly American”?
Who has the right personna?
Live with local residents, not above them
The family is involved too
Provide cultural orientation & language lessons
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AGENDAAGENDAAlways Have a Backup Candidate
Talent Takeaways Series
Avoid having all eggs in one basket
It’s all about leverage
Look for “thanks for the opportunity,” vs
“So, you want a favor?”
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AGENDAAGENDA Avoid Special Deals
Talent Takeaways Series
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AGENDAAGENDAAvoid Special Deals
Talent Takeaways Series
Special arrangements become common knowledge
Be mindful of creating precedents
Major dissatisfier for your community
Confirm arrangements before departure
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AGENDAAGENDA Focus on the Details
Talent Takeaways Series
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AGENDAAGENDAFocus on the Details
Talent Takeaways Series
“Safe” issues can rise up & bite
Clarify, clarify, clarify
Document terms & conditions
We need a signature
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AGENDAAGENDAHave a “Hand-Holder” in Place
Talent Takeaways Series
Local contact point for host country issues
Decision-making authority & responsibility
Do not rely on volunteers
Assign home country contact as well
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AGENDAAGENDADo Not Forget Them
Talent Takeaways Series
Assignees require constant communication
“Out in the provinces” feeds discontent
Every assignee should have a mentor
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AGENDAAGENDA Have an Exit Strategy
Talent Takeaways Series
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AGENDAAGENDAHave an Exit Strategy
Talent Takeaways Series
Constant worry for assignees
Experienced expats are valuable resources
Have a repatriation plan
Avoid last-minute shuffles
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AGENDAAGENDA You Can Do This
Talent Takeaways Series
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AGENDAAGENDA You Can Do This
Talent Takeaways Series
Expat assignments will always be costly & complex
Assignees will always have issues
Following the “rules” can steer the adventure
You can create a win-win scenario
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AGENDAAGENDA CMC Compensation Group
Talent Takeaways Series
www.cmccompensationgroup.com
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AGENDAAGENDA
Downloads
Recorded Webinars
Product Tour & Demo
Resources & Support
Talent Takeaways Series
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COMPview | Compensation Planning Software
Talent Takeaways Series
Automate, Align & Simplify Complex Compensation Planning