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Feature The expatriates<br />
Assessing the global executive<br />
The devil is in the detail when it comes to assignments abroad. Executives must work out<br />
how taking — or not taking — an overseas role will affect their career, how their family<br />
will cope and how effective they might be in another culture. There are also wide-ranging<br />
considerations of the net impact on their finances and lifestyle.<br />
US$200,000<br />
In Singapore, over half of expats earn at least<br />
US$200,000, making it one of the highest paid expat<br />
destinations globally.<br />
According to expats:<br />
1 in 3 complain of<br />
excessive interference<br />
from HQ<br />
1 in 3 believe foreign<br />
subsidiaries too often<br />
work to their own rules<br />
1 in 3 report that the<br />
corporate centre has<br />
excessive revenue<br />
expectations from<br />
the local market<br />
1 in 5 report<br />
insufficient involvement from<br />
HQ<br />
3 out of 5 believe that their<br />
corporate HQ does not<br />
sufficiently grasp the nature<br />
of the local business<br />
environment<br />
71%<br />
of expats report increased<br />
earnings since moving<br />
abroad, but also more<br />
complicated finances<br />
In 27% of companies declining<br />
the opportunity to relocate<br />
hinders your career<br />
Expats in South Africa, Mexico and the Philippines<br />
are most likely to have luxuries like domestic staff,<br />
swimming pools and second properties.<br />
The most popular expat destinations<br />
Singapore<br />
The countries with the highest<br />
ranking financial complexity<br />
for expats<br />
Source: HSBC Expat Explorer 2011, Atlas Corporate Relocation Survey 2011, <strong>Ernst</strong> & <strong>Young</strong> Global Mobility Effectiveness Survey 2011,<br />
EIU - Up or out: Next moves for the modern expatriate 2010 / Graphic: Käthi Dübi<br />
4<br />
2<br />
USA<br />
Australia<br />
74%<br />
of companies provide<br />
cross-cultural preparation<br />
Nigeria, India and China<br />
are the top three postings<br />
most likely to qualify an<br />
expat for a hardship<br />
allowance.<br />
Most expats<br />
are married men<br />
in their 40s<br />
The most important<br />
attribute for a successful<br />
expat = cultural sensitivity<br />
Between two and five years<br />
— the length of time most<br />
senior expatriates are sent<br />
to a particular destination<br />
46% of companies make<br />
periodic adjustments<br />
to expat compensation to<br />
manage exchange rate<br />
fluctuations<br />
80% believe an assignment<br />
in a “major emerging” market<br />
aids career progression<br />
14 T <strong>Magazine</strong> Issue 07 <strong>Ernst</strong> & <strong>Young</strong><br />
3<br />
1<br />
5<br />
20%<br />
80%
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