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The Evolution of the Expat

The Evolution of the Expat. Inside Track Steve Martin – Sales Manager ENA - Bupa International 31 st May 2012. Agenda. Early expatriates The modern day expatriate Expatriate statistics Summary. What is an expatriate?. Definition “Someone who does not live in their native country”

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The Evolution of the Expat

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  1. The Evolution of the Expat Inside Track Steve Martin – Sales Manager ENA - Bupa International 31st May 2012

  2. Agenda • Early expatriates • The modern day expatriate • Expatriate statistics • Summary Bupa Private and Confidential

  3. What is an expatriate? • Definition • “Someone who does not live in their native country” • Origin • Latin • “ex” = away from • “patria” = native country Bupa Private and Confidential

  4. Early expatriates Traditional view • Raiders • Looters • Pillagers Modern view • Settlers • Traders • Silver • Silks • Lifestyle Bupa Private and Confidential

  5. Military or diplomatic background Long-term postings Single country assignments Imposing culture Male dominated The Victorian expatriate Bupa Private and Confidential

  6. The modern day expatriate • Highly skilled • Knowledgeable • Expert in their field • Geographically mobile • Winner Bupa Private and Confidential

  7. Expatriate statistics • 200 million expatriates • 400,000 Brits emigrate each year • Majority of expatriates originate from USA (5.2m), Great Britain (3m) • Most popular expat destinations United States, China and Great Britain • Most challenging destinations are China, India, Russia and Brazil • 50% are board level employees • 28% work in companies with annual global revenues over $10bn Bupa Private and Confidential 7

  8. The modern day expatriate profile Valued employee Highly educated Specialist First world origin?? Increased female assignees Geographically mobile Bupa Private and Confidential 8

  9. Key expatriate sectors Oil & Gas Financial services Manufacturing Professional services Maritime Travel Bupa Private and Confidential 9

  10. Why have expatriates Employee Interesting challenge International experience Opportunity for Development Career advancement • Employer • Fill skills gap • Transfer knowledge • Career development • Develop global competencies Bupa Private and Confidential 10

  11. Supporting expatriates • “Soft support” • Family • Culture • Training • Language • Professional • Performance management • “Hard support” • Relocation • Visa documentation • Financial • Taxation • Banking • Benefits administration Bupa Private and Confidential 11

  12. The importance of medical insurance Bupa Private and Confidential 12

  13. To wrap up…… A very different expatriate environment Complex integration issues A need for increased support We all want expatriate assignments to be more successful Bupa Private and Confidential 13

  14. Thank you. Any questions? Bupa Private and Confidential 14

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