| The
Business Case for Coaching Expatriates
HR Magazine reports
that an average of 45% of expatriates terminate their
assignments early. Some of the causes that expatriates
listed as relevant to the failure of their assignment:
- Employee's inability to adjust
- Spouse's inability to adjust or other
family-related problems
- Lack of skill to conduct business in the host country
- Inability to merge talents with international
scope
- Personality or emotional immaturity
- Inability to adapt to changing business
priorities or organizational alignment
Expatriates are also dissatisfied with
their corporate roles after returning from assignments
-- 25% leave their companies within a year of their
return.
The fully loaded cost to a company of sending
a high-potential person on a 2- or 3-year international
assignment can be in excess of US $1 million. This does
not include the cost of replacing an executive who leaves
the company after a bad assignment experience, or the
opportunity cost of failed business initiatives.
Given
this kind of investment, can your company afford to
take a significant risk of losing its rising stars?
The business case for coaching
expatriates (2) -
Increased Likelihood
of Success
The Corporate Leadership Council identifies
coaching as "the single most powerful accelerator of
leadership development" available. Coaching your expatriates
will produce benefits for your firm through:
- Faster ramp-up time in-country
- Improved ability to understand and communicate
with peers and teams
- Increased attractiveness of the assignment
as a developmental opportunity
- Increased retention during and after
the assignment
- Increased ability of your firm to benefit
from the expatriate's experience and learning
- Enhanced reputation of your company as
a front-runner in international leadership
International assignments provide strong
leadership to a new or growing operation, and develop
general management capabilities in high-potential leaders.
Coaching your expatriates benefits
the new country operations, strengthens your management
bench, and retains and develops your key employees.
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