This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

It's Time To Rethink Relocation For Global Leaders

















ARLINGTON, Va., March 7, 2012 /PRNewswire/ --  Corporate Executive Board (CEB) (NYSE: EXBD), a leading research and advisory services company, released new findings today indicating that the most effective global leaders do not need to be based in market to drive positive business outcomes.  CEB determined that the candidates best suited for top multi-country leadership positions are those who aspire to lead and have both the influence and vision to do so.  This means that hiring managers need to rethink traditional relocation requirements in order to source candidates most likely to enhance corporate performance.

The study of more than 11,500 global leaders showed that just 18 percent of them are effective in their role.  While most organizations look for leaders who have a "global mindset" and are willing to relocate, that job description ultimately leads companies to hire the wrong candidate for the position.  The competency that actually differentiates successful global leaders is their ability to influence others – and it is four times more important than having a "global mindset".  In addition, two-thirds of the leaders who are most effective in global roles are unwilling to relocate, while those leaders who are the least effective are the most willing to move.  These two realities call into question the basic assumptions that most organizations use to determine the best candidates for global leadership roles. 

While relocation has typically been a requirement for global leadership roles, companies have other options that should be explored. For example, CEB's survey showed that while the majority of the best leaders don't want to relocate, almost three-quarters of them are willing to travel more than 60 days per year to spend time in the various geographies that they oversee.

"The most successful global leaders are not interested in moving for their next job," said Brian Kropp, managing director, CEB. "Rather than making relocation non-negotiable, companies should first make sure that a prospective leader has the right skills and aspirations to be successful as a global business leader.  Travel and relocation can then be negotiated based on the needs of the company and the candidate."

In order to attract the best global leaders companies should:

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs