The Growing Importance of Employee Care in Global Mobility
Globally-mobile employees are a vital asset in today’s workforce. Employers are increasingly optimistic about the potential of globally-mobile work. An impressive 68% of employers believe this trend will continue to grow, a significant rise from 45% just a year ago. As this demographic evolves, there is an increasing presence of younger employees who are embarking on global assignments independently. Recent research indicates that 42% of these employees are taking their assignments solo, contrasting with just 33% who travel with their partner or spouse.
Understanding the Employee Experience
MetLife's research highlights that over half of employees on global assignments—about 59%—feel holistically healthy during their placements. This statistic unveils a unique opportunity for multinational employers to enhance the level of care and support provided to globally-mobile employees. This can significantly bolster their confidence and encourage them to take on more global opportunities.
The Value of Care Delivery
As the report illustrates, demonstrating care is crucial for improving employee experiences. Employers should focus on care delivery during pivotal moments that large numbers of globally-mobile workers encounter. The study uncovers a notable gap in perceived care during life events, particularly when managing unanticipated financial stress, burnout, and health and safety concerns. Significant percentages of employees expressed a lack of support in these areas, highlighting key opportunities for improvement.
Boosting Loyalty and Productivity Through Care
When employers prioritize care, they can cultivate healthier outcomes for their globally-mobile workforce. Results show that employees who feel adequately cared for are 36% more likely to remain loyal to their employers. Furthermore, productivity and engagement can increase by 40%, significantly enhancing overall talent outcomes and facilitating successful workplaces.
Strategic Benefits for Global Mobility
Tim Imre, a vice president at MetLife Worldwide Benefits, emphasizes that expanding support—through tailored and supplementary benefits—will undoubtedly drive up the desire for global assignments, boosting both productivity and loyalty. Employers are encouraged to revisit their global mobility strategies, refining their benefits and communications approaches to better suit their audience’s needs.
Closing the Communication Gap
The findings point to a disconnect in how benefits information is communicated. Alarmingly, 64% of employees reported that the communications they receive about their benefits do not feel relevant to their experiences. Additionally, a staggering 72% wish for greater clarity about available offerings to extract maximum value from them. This emphasizes the necessity for employers to customize their offerings and communications.
Educating Employees for Success
Implementing benefits education even before employees embark on assignments is critical. Imre noted that informing employees about available resources and support is essential for preparing them to seize global opportunities when they arise. Such proactive measures ensure employees feel secure as they step into their new roles abroad.
Insights from the Expat EBTS Report
The Expat EBTS report delivers a comprehensive analysis based on MetLife’s Annual Employee Benefit Trends Study, drawing insights from both employers and globally-mobile employees through in-depth surveys. This year's study encompassed interviews with over 2,595 decision-makers, as well as 2,809 full-time employees, ensuring a diverse range of demographics was represented.
Special attention was given to globally-mobile employees, with approximately 660 individuals surveyed specifically from this group. The extensive methodology guarantees robust data while also including qualitative interviews aimed at capturing deeper insights into the experiences of these employees.
About MetLife and Its Worldwide Benefits
MetLife, Inc. (NYSE: MET) stands as a leading global financial services provider, offering a comprehensive range of products that include insurance, annuities, and asset management services. Founded in 1868, the company has a prominent presence worldwide, facilitating secure and confident futures for customers across various markets.
MetLife Worldwide Benefits has been offering tailored solutions for globally-mobile employees for nearly six decades. These products are underwritten by affiliates, underscoring the company's commitment to providing exceptional care and support.
Frequently Asked Questions
What is the main focus of the article?
The article discusses the importance of enhancing care for globally-mobile employees to improve their overall experience and outcomes within global assignments.
What demographic is increasingly taking global assignments?
There has been a noticeable rise in younger employees undertaking global assignments solo, highlighting a shift in the workforce composition.
How does employee care impact productivity?
Employees who feel cared for tend to be 40% more productive and engaged, showcasing the positive correlation between support and workplace performance.
What percentage of employees feel their benefits communications are relevant?
Only 36% of employees indicated that the benefits communications they receive feel relevant to their specific experiences.
What does MetLife offer?
MetLife offers a wide range of financial services including insurance, employee benefits, and asset management aimed at creating a secure future for their clients.
