The fourth session was a really interesting and varied discussion on global mobility issues for organisations and senior executives, with perspectives from the US and the UK. Some of the key takeaways from the session included:
- Despite the past year of remote working and recent technological advances, it is considered that synergies and efficiencies do not exist to the same extent virtually as in person. It is unlikely that the pandemic spells the end of international assignments completely.
- Organisations are realising that flexibility is just as important to employees as pay, and they should think creatively to avoid losing talent.
- Organisations should also be conscious of the tax and social security implications of an employee working in a different jurisdiction. Ultimately, there is a cost to having a global workforce.
- In the US, senior executives were given priority to return to the country during the pandemic, based on the notion that they are job creators rather than job takers.
- Brexit will continue to have a huge impact on UK employers hiring EU nationals. E.g. a Spanish national coming to the UK under new sponsorship, with a spouse and two children, will cost a company £20K in filing fees alone.
Thank you again to our expert panel of speakers for a superb session:
Brian MacDonough, Partner and Employment Department Chair, Sherin and Lodgen LLP (Massachusetts, USA)
Natasha Chell, Partner and Head of Risk, Laura Devine Immigration (UK)
Merrill April, Partner, CM Murray LLP (UK)
David Yewdall, Head of International Employment Tax, Smith & Williamson (UK) (Co-chair)
Jonathan Grode, Managing Partner, Green & Spiegel (Pennsylvania, USA) (Co-chair)
The second International Forum of Senior Executives and Founders (IFSEA) Conference on Risk, Reward and Reputation Management Issues for Senior Executives & Founders was held virtually from Tuesday, 2 February – Tuesday, 16 March 2021. This unique specialist conference ran as a series of virtual international expert panels and two networking events per week, bringing together over 65 leading global experts from 13 countries around the world to discuss issues commonly faced by international Senior Executives and Founders, particularly during these times of global crisis, disruption and opportunity.
View other sessions from the IFSEA 2021 Virtual Conference here.
Find out more about the International Forum of Senior Executive Advisers and become a member here.