Global mobility is a term which is being frequently used in 2017. This is because more businesses are taking advantage of the benefits of relocating their employees across the globe. The sector is predicted to continue growing, here’s what the future of global mobility holds.
In June, the 2017 Relocate awards saw more than 250 HR and Global Mobility professionals gather to celebrate the winners of the awards and discuss the future of global mobility. Emphasis was placed on the importance of continuing to encourage businesses to grow their mobility departments. In addition, thoughts are turning to the future generations and how they can be inspired to enter the sector. It is though that increasing the availability of study abroad tours for university students could help to educate them in the opportunities available in specific industries. This could help to bridge the gap between employers and potential future employees, as well as generate a new interest in global mobility.
The continuous rapid development of new technology is seeing many industries changing. The global mobility sector is no exception. Improvements and new developments in technology could see the process of relocation becoming more efficient in the future. Technology currently has the ability to link every aspect of business’s relocation, from arranging the move to manging the finances of the business. In the future, this process could become far more efficient; there is the potential for global mobility apps or software to be developed. It is possible that data development will be the most significant technological advancement- with the potential for analytics to be used for decision making.
The sector’s focus on compliance is not set to change in the future. This is because global mobility professionals have a huge responsibility to ensure that their employees are appropriately cared for during the process of relocation. It has been debated widely whether this focus is restricting the potential for innovation in the sector. However, experts claim that professionals will be able to navigate the fine-line between compliance and innovation, as long as they avoid the view that compliance is a restriction.
The popularity of cloud storage systems will continue to increase in the future, with some companies potentially completely transferring to cloud system storage. The benefits of cloud storage include the accessibility of data from anywhere in the world and a much larger capacity for storage. Having remote storage also makes it considerably easier for businesses to relocate and set-up abroad, as there is not an extensive set-up period required, in terms of the company’s data and information. However, an increased dependence on remote storage could see an increase in cybercrime. The security of cloud storage systems has been in the media recently, with several reports of hacking and identity theft. There are a number of measures which can be taken to improve the security of business’s cloud storage system. Most businesses only encounter problems when they are relying on the storage provider to manage their security for them, which is not enough to protect important information.
The future of global mobility is looking promising. If your business is ready to take advantage of the benefits of relocating, consider using our corporate services to make the process easier and more cost effective.