Article: Failed global assignments cost companies up to $1.25 million


Failed global assignments cost companies up to $1.25 million

An International SOS and KPMG study outlines the financial risks of neglecting health, safety, and well-being in overseas assignments.
Failed global assignments cost companies up to $1.25 million

International SOS, the world’s leading health and security services company, has released a new report detailing the staggering financial impact of failed business trips and international assignments.

Developed with support from KPMG, the study reveals that a single failed international assignment can cost companies up to $1.25 million. This is due to factors ranging from direct evacuation costs to lost productivity and reputational damage.

The report underscores the importance of investing in proactive prevention strategies. Katherine Avery, Tax Principal at KPMG, emphasises: “Finding the right balance between cost management and positive employee experience is crucial for the success of any international assignment.”

Dr. Neil Nerwich, Group Medical Director at International SOS, adds: “Early intervention is key for both better medical outcomes and minimising cost. We see  the significant positive impact of proactive health and security measures taken before and during travel.”

The ROI report also highlights that for every dollar invested in preventive health checks, companies could see a $2.53 return. Additionally, partnering with specialists yields a 72% reported improvement in employee well-being and resilience.

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Topics: Business, #HybridLeadership

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