International SOS has partnered with market leading research firm Ipsos and global mobility specialists KPMG to conduct a comprehensive analysis of the cost-effectiveness of preventive measures for business travellers and international assignees.
This research shows how organisations who take measures to mitigate the health and security risks associated with business travel and international assignment are not only meeting their moral and legal obligations; they are also more likely to experience both direct and indirect cost-benefits.
THE COST OF A FAILED ASSIGNMENT
As employee mobility surges, it is important to recognise that the investment required for international assignments can be substantial. To reduce the likelihood of mission failures, a robust travel risk management system is imperative.
According to KPMG's estimates, the cost of a failed international assignment can range from USD $850,000 to $1.25 million.
Download the full report below to find out more.
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Managing Crisis Better
In the past year, the global landscape of business travel, both domestically and internationally, has undergone a profound transformation, bringing a significant increase in the complexity and nature of security risks.
David Johnson, International SOS Group Director of Medical and Security Assistance Services, explains that there are two main drivers for this.
THE GOLDEN HOUR
Evidence-based medicine emphasises the critical importance of the first hour, often referred to as the 'Golden Hour,' in achieving the best possible medical outcomes.
Early intervention is at the core of our approach. By addressing minor illnesses or injuries promptly, we can identify potential issues that might escalate into catastrophic events. This proactive stance allows us to take pre-emptive measures to prevent minor health concerns from becoming serious problems. The International SOS medical team plays a pivotal role in diagnosing and contextualising an individual's health status within the unique circumstances of their location.
Hear more from Dr Neil Nerwich, Group Medical Director, Assistance Worldwide.
INCREASED DEMAND FOR MENTAL HEALTH SUPPORT
According to the WHO, for every US$1 invested in mental health and well-being, the return on investment amounts to over US$4 in improved health and enhanced work capacity. However, it's crucial for organisations to allocate their resources wisely and focus on support and interventions that will have the most significant positive impact on employee outcomes and mental health.
Dr Rachel Lewis, Organisational Psychologist associated with Affinity Health at Work and the International SOS Foundation, explains in this interview that the choice of support and intervention is paramount in achieving these goals.