Continental, EY Boost Employee Retention with Overseas Work Opportunities

May 07, 2024 at 5:01:30 AM

TL;DR Continental and EY are among companies offering overseas work opportunities to boost staff retention and facilitate remote worker connection. This has led to their inclusion in LinkedIn’s 2024 Top Companies list. EY sees over 50,000 applications annually for cross-border roles, with those on mobility assignments showing a 15% higher retention rate.

Continental, EY Boost Employee Retention with Overseas Work Opportunities

An increasing number of organizations, including Continental and EY, are offering their employees opportunities to work abroad for extended periods. This strategy aims to enhance staff retention and foster in-person connections among remote workers.

Several of these companies have been featured in LinkedIn’s 2024 Top Companies list. For instance, Deloitte (#4) provides a global mobility program, while American Express (#49) has international buddy programs. Airbus (#42) includes international assignments in its employee growth initiatives, and Bank of America (#12) promotes employee travel through its new sabbatical program, which offers 4-6 weeks of paid time off after 15 years of service.

Continental (#29) provides both short- and long-term international job rotations, offering travel benefits and internal mobility opportunities. EY (#18) receives over 50,000 internal applications each year for cross-border positions, a figure that continues to rise. According to EY, employees who have participated in a mobility assignment tend to stay with the company longer, demonstrating a 15% higher retention rate compared to those who have not.

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