Helping the parties understanding the risk reality in international assignments

According to a report done by Harvey & Weise in 1998, there is plenty of work left to be done before American companies can say that they're "global players."  (These folks know much about the subject, as well as their breakthrough research about ethical behavior by business executives.)

For one, their research points out that with globalization comes increases in international assignments. Yet the issues of mentoring in a global context have not received much management attention.  With all of the concern being given to the shrinking skilled workforce, perhaps it's time to better understand what's going on.

Researchers estimate that between 16 and 40 percent of American international workers fail to complete their assignments – a number that will escalate in the near future due to the increase in females and dual-career couples in international work.

Of those Americans who do complete their international assignments, 30 to 50 percent are considered ineffective or marginally effective by their companies.

Unsuccessful international workers and the resulting reduced effectiveness of the overseas assignments have considerable direct costs to companies (training, relocation, and housing expenses) as well as indirect costs (declining service levels and
lost foreign customers). 

The cost associated with a failed international assignment is estimated between US$100,000 and US$300,000, with a total cost per year for U.S.-based organizations of approximately US$2 billion.

Is that a big enough number to get your attention?