Covid-19 has made geographic mobility critical for the employers desiring for advancement in this globalized economy. However, when opportunities come, certain factors help decide whether relocating is right for us. A shift to a new place might help elevate your skills in solving problems, enhance your knowledge in that particular field of work, and is also financially rewarding.
At the same time, there are certain downsides as well. It may get tricky in getting the advantages of all the benefits to reduce the costs and eradicate the constraints. For instance, Bill Wiseman was worried when he had to relocate to Asia in an engagement manager position in a South Korean office. But at the same time, he was eager for the promotion that he was going to receive and be with his wife. He was also keen to learn about Korean culture and language.
Before taking the opportunity, people deciding on pursuing such an assignment must think through the duration, location, the mode of operation and how to proceed in returning or making any other move, and most importantly, how career and personal priorities can be balanced.
What are the Benefits?
According to the research conducted, it has been analyzed that geographic relocation impacts knowledge, economic benefits, and skills positively and healthily. For instance, in 1977, two management scholars Anders Edström and Jay Galbraith had the honor of making independent decisions and learning the keys to developing strong communication networks. By performing similar tasks and providing the same effort, higher salaries are also earned in international firms.
People who made international moves have been interviewed, and a similar interview with the managers at McKinsey. Developing a network of clients, mentors, and mentees across diverse locations benefit in accelerating career opportunities. It provides varied access to information, resources, and knowledge compared to remaining in one place. Creativity is also enhanced while relocating to another area.
What are the Constraints to be faced?
Despite the varied benefits of relocation, it does have multiple drawbacks. Particularly with children and partners, the constraints can be regulatory, occupational, psychological, and economic costs.
What are the Principles that Remain Universally Relevant?
Among the multiple benefits, constraints, and costs, certain factors remain universally relevant.
Early Relocation: If you decide to move early, you are less likely to have any partner and children’s principal responsibility. In that situation, you can concentrate absolutely on your career, enhancing your problem-solving skills from a younger age, which will benefit in the long run.
Step Out of Your Comfort Zone: Moving outside your regular comfort zone helps build more vital cultural empathy and fluency as you work through those challenges.
Stay Connected to your Roots: Staying connected to the cultures, traditions, and environment of one’s home helps build one’s personality and pass it to their future generations.