Allure of Expatriate Assignments May Be Fading
According to The Epoch Times, recent studies suggest that sending employees abroad poses increasing risks for international companies and for expatriate employees. Concerns highlighted by the reports include:
- income tax ramifications, particularly for U.S. citizens;
- expatriate employees' difficulties in adapting to societal and cultural norms;
- unfamiliarity with foreign countries' regulatory schemes (and the resulting compliance risks); and
- companies being unable to meet employees' expectations regarding promotions following an overseas assignment - one study found that fewer than 33% of employees returning from an foreign assignment were promoted.
Photo credit: Magnus Manske
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