Globalization is hardly a new concept, and many companies across the business world are looking into options to create offices located in other countries. But, what must be done to ensure success? It is not enough to simply send the top employees overseas, without proper training.
A survey by workforce solutions provider Right Management found that 42 percent of overseas assignments fail because leadership teams were not properly trained.
Bram Lowsky, group executive vice president of the Americas at Right Management, explained to the Society for Human Resource Management that with how much investment is being put into overseas business, it's hard to believe the number of managers who are left struggling due to a lack of training. According to Lowsky, language and cultural training is important, but it is not enough to fully prepare an employee before he or she goes into a new country.
"The latest research suggests that the best companies utilize a comprehensive battery of assessments with the candidate to determine whether or not an expatriate assignment will actually work," he said. "Being aware of potential derailers that could stand in the way of success is critical to understanding and adjusting to an international role."
Leadership development is crucial for any organization, but businesses that are training managers for overseas positions need to be especially comprehensive in their programs. Cultural and language barriers are simply extra hurdles that managers will have to overcome, and it is necessary for leaders to be strong in all other areas and feel confident in their own skills.
With CCi Surveys International, companies can create 360 surveys and even leadership assessments that cater to the unique organizational needs. That way, contributors can be sure to receive the right training that will help them succeed on an individual level overseas, while still helping the business profit as a whole.