Marketplace feedback on the challenges of Permanent Transfers
For some time, it has been no secret that companies have been using “permanent transfers” as a low-cost way to move an employee on what is actually a temporary international assignment need. While many mobility professionals are aware of the pitfalls of using a permanent solution for a temporary requirement, the business will often pick a permanent move over an international assignment with the short-term lens of cost savings.
While this trend has been going on since the Great Recession, I have been starting to hear more and more of my clients talk about how the misuse of permanent transfers is coming back to bite them. In many ways this is a predictable case of “I told you so” on the part of many mobility professionals, but it is also an opportunity. It is a chance to leverage these experiences to enhance the global mobility function.