TalentTakeawayswebinar & podcast series

Expatriate Rules of the

RoadGuest Presenter: Chuck CsizmarFounder & PrincipalCMC Compensation Group

AGENDAThe Series

TalentTakeawayswebinar & podcast series

Talent Takeaways Series

AGENDAAGENDAThe Sponsor

Talent Takeaways Series

Talent Management Made for Managers

Compensation Planning Total RewardsStay Interviews

AGENDAAGENDAExpatriate Rules of the Road

Talent Takeaways Series

Presented by:Chuck CsizmarFounder & PrincipalCMC Compensation Group

AGENDAAGENDA A Complex and Costly Affair

Talent Takeaways Series

AGENDAAGENDAA Complex and Costly Affair

Talent Takeaways Series

Procedural technicalities

Emotional stress

Career risks

Huge cost commitment

AGENDAAGENDAYet Still They Come

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Knowledge transfer

Skill development

Integrating an acquisition

Corporate representation

AGENDAAGENDA You Must Stay on Track

Talent Takeaways Series

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

AGENDAAGENDA Have a Policy

Talent Takeaways Series

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

AGENDAAGENDA Why Are You Doing This?

Talent Takeaways Series

AGENDAAGENDARequire a Business Case

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Can you answer the “why?” question?

What is the assignment ROI?

Advance notice of projected costs

Soft answers cost hard dollars

AGENDAAGENDA Approval Chain of Command

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AGENDAAGENDAApproval Chain of Command

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Establish gatekeeper approval process

Managers will try to game the system

Unauthorized signatures still cost

AGENDAAGENDAConsider Non-Traditional Assignments

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Use shorter term assignments

Extended business trips

More attractive to candidates

Lower costs, easier adjustments

AGENDAAGENDASelect Employee Ambassadors

Talent Takeaways Series

AGENDAAGENDASelect Employee Ambassadors

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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

AGENDAAGENDAAlways Have a Backup Candidate

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Avoid having all eggs in one basket

It’s all about leverage

Look for “thanks for the opportunity,” vs

“So, you want a favor?”

AGENDAAGENDA Avoid Special Deals

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AGENDAAGENDAAvoid Special Deals

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Special arrangements become common knowledge

Be mindful of creating precedents

Major dissatisfier for your community

Confirm arrangements before departure

AGENDAAGENDA Focus on the Details

Talent Takeaways Series

AGENDAAGENDAFocus on the Details

Talent Takeaways Series

“Safe” issues can rise up & bite

Clarify, clarify, clarify

Document terms & conditions

We need a signature

AGENDAAGENDAHave a “Hand-Holder” in Place

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Local contact point for host country issues

Decision-making authority & responsibility

Do not rely on volunteers

Assign home country contact as well

AGENDAAGENDADo Not Forget Them

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Assignees require constant communication

“Out in the provinces” feeds discontent

Every assignee should have a mentor

AGENDAAGENDA Have an Exit Strategy

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AGENDAAGENDAHave an Exit Strategy

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Constant worry for assignees

Experienced expats are valuable resources

Have a repatriation plan

Avoid last-minute shuffles

AGENDAAGENDA You Can Do This

Talent Takeaways Series

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

AGENDAAGENDA CMC Compensation Group

Talent Takeaways Series

407-462-1645ccsizmar@cmccompensationgroup.com

www.cmccompensationgroup.com

AGENDAAGENDA

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