The 20th Century was the century of Aviation and the century of Globalization. The next century will be the century of Space. -Wilson Greatbatch
As we prepare for our first international conference, someone asked what significance does the date of October 26th has to do with the Duty of Care Day?
To show the important significance of October 26th, we have to go back to1958 when Pan Am was the first carrier took delivery of US first commercial jetliner, a Boeing 707-120. Pam Am began the its' first inaugural transatlantic jetliner flight from New York to Paris on October 26, 1958. This single act innovated the transatlantic and world travel by drastically reducing travel time and increasing the number of countries accessible through air travel. Additionally, having international connections through the area airports has made New York City, the global capital of the world. This is primarily reason to have the first Duty of Care conference in NYC commencing on October 26, 2016, our self-proclaimed, NYC Duty of Care Day.
The Pan Am 707 fleet established new levels of comfort, safety and passenger expectations, ushered in the age of mass commercial air travel. By the early 1970s, many other countries began privatizing their airline industry as well, which led to the Open Skies agreement. The Open Skies agreements have vastly expanded international passenger and cargo flights to and from the United States, promoting increased travel and trade, enhancing productivity, and spurring high-quality job opportunities and economic growth. These agreements help eliminated government interference with air carriers about routes, capacity, and pricing, thereby, freeing all air carriers to provide more affordable, convenient, and efficient air service for consumers. International integration of the production processes and the market for goods and services have substantially increased from fair travel and globalization. National economies are more liberalized, reduction of trade barriers, expanding role of multinational firms in international production and growing intrafirm trade across national boundaries.
In conjunction with intrafirm trade across national boundaries, globalization made the mobility process of the human capital, their culture, currency, merchandises and information technology between countries straightforward. Today, widespread access to commercial travel allows people the freedom to soar that they have looked for centuries. More importantly, it grants the freedom to travel, to explore the world, creative innovations, challenge outmoded stereotypes, obtain access to unique goods, and create distant market for high value. Growth and opportunity also propels the fear on unknown.
Subsequently, cross border travelers often find themselves into unfamiliar environments and situations, which can be risky and threatening and many employees are not prepared to handle such situations as they would in their own environment.
We have come a long way from 1958, a more simplistic time. Fifty-eight years later, we have seen atrocities like 911, numerous bombings around the world, kidnapping, terrorist, shootings, natural disasters, disease breakouts and much more. As the world events becomes more volatile and uncertain, Corporations will need to increase their understanding and adapt the value of Duty of Care by having a step by step preparedness plan for the worst-case scenarios and prepare their employees for foreign assignments and travel.
Unfortunately, there several gaps between the benefits offered and the implementation process of duty of care services rendered. Understanding the legal and moral obligations to secure the safety of the business travelers and the overseas workforce is important now than ever. The value of a failed assignment cost an organization close to a million dollars or times the cost of their compensation package. The damage of a lost life is far greater than that or is beyond calculations.
According to the 2015 Global Mobility Survey 50.7% organizations have experienced an incident at some point where the health and safety of an assignee on an international mission, or their accompanying dependents, was affected. It also found that 21.8% of organizations had experienced such an event in 2015 alone, double the number in 2014.
A PWC report shows 89% of the organizations plan to increase the number of mobile employees in the next two years. 85% of organizations believe global mobility is an important way of meeting business goals. 1.6% of company's employees are on International assignments. 31% of the companies don't know how many of their employees work internationally every year. 71% of female millennials want to work outside of their home country during their careers.
Therefore, Duty of Care is needed now more than ever to understand the Safety and Security obligations towards the employee of any organization it is imperative for C-suite executives and small business enterprises take international travel seriously and demonstrate best practices towards their workforce.
Duty of Care Conference
Understanding your Corporate Liability for Securing the Safety of Traveling Employees and Expat Overseas
October 26 -27, 2016, New York, NYC