Media

  • News
  • Press releases
  • IN THE FACE OF COVID-19, COMPANIES REMAIN DETERMINED TO PROMOTE INTERNATIONAL MOBILITY

IN THE FACE OF COVID-19, COMPANIES REMAIN DETERMINED TO PROMOTE INTERNATIONAL MOBILITY

Paris, October 21, 2020

MSH International, a world leader in the design and management of international insurance solutions for globally-mobile individuals, reveals encouraging results from a survey of 57 companies of varying sizes, though primarily focusing on large groups, across a range of industries. One third of the companies surveyed said they were continuing with their policy of sending employees abroad, as before COVID-19, while almost 4 out of 10 respondents would be prepared, from an economic point of view, to begin sending employees abroad again.

PDF
     Despite the upheaval caused by the COVID-19 outbreak, the groundbreaking survey conducted by MSH International in September 2020 reveals that three out of four companies have retained all or most of their internationally-mobile employees. Large companies, among the most positive and also with the largest share of mobile employees – were the most confident, particularly in the consumer goods (91%) and industrial (65%) sectors.
However, the crisis has had an impact on activity in many economic sectors, with knock-on effects on their international mobility policies. This is particularly the case for the smallest companies (those with fewer than 50 mobile employees) most of whom remain concerned about the development of their activity between now and the end of 2020. Among the sectors most affected by COVID-19 are oil and gas, energy, engineering, and construction, as well as the financial services sector where more than half of respondents expressed concern about their development prospects between now and the end of the year.
          With regard to development prospects for 2021, almost a third of the companies surveyed (32%) said they would continue with their policy of sending employees abroad as before COVID-19, while nearly 4 out of 10 respondents (39%) would be prepared, from an economic point of view, to begin sending employees abroad again, but are seeing their decisions hampered by the “practical constraints” related to COVID-19 (visas, quarantine, restrictions on international flights, etc.). In total, almost 71% of companies retain a positive outlook when it comes to international mobility.
            This can be explained by the fact that the majority of the companies surveyed feel that international mobility is an integral part of their development strategy for 2021 and is essential if they are to build loyalty and develop talent within the company, while promoting economic recovery.
Among the new forms of international mobility, the companies surveyed cited, in descending order of priority, shorter and more frequent stays abroad (35%), commuting (17.5%) and “virtual assignments” (17.5%), subject to compliance with increasingly strict tax and Social Security regulations.
            "This survey shows that companies - especially the largest of them – continue to have a vision of their long-term development that places international mobility at the heart of their growth strategies," said Frédéric van Roekeghem, Managing Director of MSH International.
 
When asked about this survey, Stéphanie Roche, Head of International Mobility at L'Oréal also said: “Expatriation remains a key factor in the career of any future executive or top manager, an essential means of gaining an in-depth understanding of local specificities, widely sharing our expertise and bringing our corporate culture to life all over the world, and also, of course, retaining talent, at both junior and senior level”.
 
 
The MSH International study: "COVID-19 Exclusive Survey: Get inspired & rethink your International Mobility Strategy" is available here.

 

About :

 

MSH INTERNATIONAL

MSH International, a subsidiary of the SIACI SAINT HONORE Group, is a world leader in the design and management of international health and life & disability insurance solutions in the field of global mobility. Its services are designed for companies, international organizations and private individuals. With a decentralized structure, 5 regional head offices in Toronto, Paris, Tunis, Dubai and Shanghai and 21 locations worldwide, MSH International provides 24/7 support to its 2,000 corporate clients and more than 400,000 insured members in almost 200 countries.
 
To find out more www.msh-intl.com