As an expat, you're embarking on an exciting journey filled with new opportunities, both professionally and personally. However, the success of your international assignment depends not only on your ability to adapt and thrive in your new role but also on your family's ability to settle into their new life abroad.
Did you know that 40% of expat assignments fail to meet the expectations of either the employee or the company? And out of these failures, 70% can be attributed to the family's inability to adapt to their new environment. This highlights the crucial role that family support plays in the success of an international assignment.
It's important to recognize that both the company and the employee, along with their family, make significant investments when it comes to expatriation. The company invests a substantial amount of money to relocate and support the employee and their family. On the other hand, the employee and their family invest their time, energy, and emotions, leaving behind their established life, family, and sense of security. The spouse may even have to leave their job, and the entire family must bet on this opportunity that may or may not work for them. They will face the challenges of adaptation and being away from their support network. The investment if high!
While most expat packages include relocation services such as finding a home, a school, and assistance with documentation, they often overlook the importance of ongoing support and guidance for the entire family throughout the assignment. This is where mentoring programs, like those offered by Interoots, come in. Investing in a comprehensive expat mentoring program not only ensures a smoother transition and faster adaptation for the employee and their family but also significantly increases the likelihood of a successful assignment, ultimately leading to higher retention rates and a more substantial return on investment for the company.
Interoots' mentoring programs are designed to provide the necessary support and guidance to expat families, ensuring a smooth transition and successful integration into their new life abroad. By addressing the unique challenges faced by expat families, these programs help to minimize the risk of assignment failure and maximize the return on investment for both the employee and the company.
Here are some key reasons why you should consider negotiating Interoots' mentoring programs as part of your expat package:
1. Increased productivity:
With your family receiving the support they need to adapt and thrive, you'll be able to focus on your work and deliver high performance without the added stress and distractions of family-related issues. This increased focus and productivity can lead to better results for your company, as you'll be able to dedicate your full attention to your professional responsibilities, knowing that your family is well-supported.
2. Improved retention:
By investing in the well-being and success of your family, your company demonstrates its commitment to your overall success, increasing the likelihood of you completing your assignment and remaining with the company long-term. This improved retention can save your company significant costs associated with early repatriation or assignment failure, as well as help maintain a strong talent pipeline for future international assignments.
3. Cost savings:
The cost of a failed expat assignment can be significant, including lost productivity, recruitment costs, and damage to the company's reputation. By investing in mentoring programs, companies can mitigate these risks and save money in the long run. Moreover, the cost of providing mentoring support is often a fraction of the potential costs associated with assignment failure, making it a wise investment for companies.
4. Enhanced cultural awareness:
Interoots' mentoring programs help families navigate the cultural differences and challenges they may face in their new country, promoting a deeper understanding and appreciation of the local culture, which can benefit both the employee and the company. This enhanced cultural awareness can lead to better cross-cultural communication, improved business relationships, and a more successful overall assignment.
5. Customized support:
Interoots' mentoring programs are tailored to the specific needs of each family, taking into account their unique circumstances, goals, and challenges. This personalized approach may include assistance with helping your children adapt to a new school system, achieving a balanced lifestyle, or structuring the daily routine to prioritize self-care and personal growth. By focusing on the individual needs of each family, Interoots ensures that every member of the family is equipped with the tools and guidance necessary to make the most of their international experience.
6. Mitigating hidden costs:
There are many hidden costs associated with expatriation, such as the emotional toll on the family, the loss of a spouse's income, and the potential impact on the children's education. By providing comprehensive support through mentoring programs, these hidden costs can be mitigated, leading to a more successful and fulfilling expat experience. This, in turn, can result in a more positive return on investment for the company and a more satisfying experience for the employee and their family.
When negotiating your expat package, be sure to highlight the value that Interoots' mentoring programs can bring to both you and your company. By investing in the success of your family, your company is investing in your success and the success of your international assignment.
In conclusion, the success of an expat assignment depends on the well-being and adaptability of the entire family. Recognizing the significant investments made by both the company and the employee, including Interoots' mentoring programs in your expat package can ensure that your family receives the support and guidance they need to thrive, allowing you to focus on delivering high performance and adding value to your company. It's a win-win situation for everyone involved, mitigating hidden costs and maximizing the chances of a successful expatriation.
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