For a long time there has been a lot of talk about how do we integrate mobility into the wider talent and or business agenda of organisations. That pivot is here. Just being able to move someone from A to B and doing all the transactional activities linked to that is not enough. “Organisations don’t want that. They are looking for


someone who can business partner with them effectively, advise them on mobility strategies, identify who is the right person and what’s the right type of move and how to get proper ROI from this transfer. This is where mobility functions need to step up and be able to advise and engage with their businesses. That’s a big pivot from what they’ve done historically.” A new study by International SOS in partnership


with KPMG highlights the cost of getting it wrong. It adds significant financial weight to the business case for emphasising the global people agenda at board level. According to the report, the cost of a failed


international assignment can range from USD $850,000 to $1.25 million in higher tax jurisdictions, such as Canada, the UK, Denmark, France, Belgium and Germany – also often the most common destinations. These costs include compensation, relocation costs, ongoing assignment support and taxes. However, they do not cover the lost opportunity costs and the potential cost of employee attrition, or the often-intense wellbeing impact on the employee and any family members. The people in this room know how to mitigate the


risk of failed assignments. They are also knowledgable and experienced enough to respond to constant geo- political challenges. The time is right to partner and collaborate. We


welcome you to join us on the journey as we explore new locations and share the stories of the people behind change across industry sectors from energy to pharmaceuticals, finance and new technology. In 2022, we held our Festival of Work in Kent, which


was hugely popular and one of the first outdoor events post-Covid. In 2023, we repeated the Festival with the theme of innovation and the NASA astronaut Tony Antonelli spent the morning with us exploring how to push the boundaries of innovation and leadership, inspiring delegates to achieve greatness. We have evolved the Think Global People brand


to support collaboration across global mobility, international leadership and education. I would urge you to be part of our Think Global


Women initiative and be part of Think Global People focus groups to support and inform DEI and ESG in your organisation, working with colleagues and peers to move the agenda forward and achieve great things for the good of not just your organisations, but the world.


7


Today is the 80th anniversary of D-Day and the


Normandy Landings. This audience knows how to support organisations, employees and their families to flourish around the world. It is up to you to decide what are riches and what are the jewels in your life. It is up to us all to use our talents for a better global future for the sake of humanity, people and the planet. Let’s connect and collaborate across the global


network Relocate Global already has in place to ensure all the jewels you cherish shine brightly. We have so much knowledge in this room alone, including world experts who communicate at a very high level. The author, of the new book ‘Now We’re Talking’,


Sarah Rozenthuler, is here today. And I hope you will be inspired by tonight to have meaningful dialogues. Let’s not miss the opportunity to discuss what really matters.


Fiona Murchie, Relocate Global and Think Global People’s managing editor opening the Awards gala dinner


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