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Latin America Relocation Trends

LATIN AMERICA WORKFORCE MOBILITY LATIN AMERICA HAS BECOME PARTICULARLY ATTRACTIVE FOR COMPANIES L0OKING TO GO GLOBAL. But with great opportunity comes equally great talent mobility challenges. A survey of 88 global HR managers in 11 industries identified the most pressing challenges, and the best practices for a successful workforce transition. TOP LATIN AMERICA DESTINATIONS 94 percent of companies surveyed expect their volume of mobile talent in Latin America to increase or remain static over the next twelve months. Here are the most popular destinations. 25% 43% MEXICO BRAZIL 4% COSTA RICA 10% 9% COLOMBIA ARGENTINA MAIN WORKFORCE MOBILITY CHALLENGES COORDINATING PAYROLL & COMPENSATION 30.2% CONTROLLING PROGRAM COSTS 25.4% COMPLIANCE ISSUES 17.5% GETTING BEST CANDIDATES TO TAKE ASSIGNMENT 14.3% RELUCTANCE TO RELOCATE TO THIS REGION 11.1% SECURITY 11.1% LACK OF INTERNAL RESOURCES/EXPERTISE 11.1% STEALTH EXPATRIATES 04.8% -TURNOVER UPON REPATRIATION 04.8% LACK OF ROI ON ASSIGNMENT 01.6% BEST PRACTICES AND RECOMMENDATIONS Companies are well advised to prepare for activity in this region before it commences. Good planning will help avoid long immigration processing times, increase savings and enhance overall control. XXXXX Create competitive benefits packages that will overcome resistance and respond to areas of concern (i.e., security briefings, cultural and language training). Drive greater value to the business by segmenting your talent (and policies) based on the criticality of the assignment to the business and the developmental value to the employee. Whenever possible, leverage the expertise of workforce mobility management companies that have deep roots in the region, knowledge of local business practices and regulations, and expertise in sourcing and managing local supply chain partners. Eliminate the complexity that manual processing of global payments can bring. Instead, automate and outsource compensation collection to improve compliance, boost cost control and prevent tax penalties and other consequences. FOR MORE BEST PRACTICES AND OUR COMPLETE SURVEY FINDINGS, Weichert Workforce Mobility EMAIL [email protected] OR VISIT WEICHERTWORKFORCEMOBILITY.COM

Latin America Relocation Trends

shared by TimMcCarney on Mar 07
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Weichert Workforce Mobility's survey of 88 global HR managers revealed challenges and best practices for deploying talent in LATAM.

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