The Global Nomad
As the global marketplace continues to transcend geographic boundaries, there is an ever-growing number of business travelers who are mimicking these patterns; expatriates who hop from assignment to assignment, generally ranging from 10-90 days each, frequenting multiple destinations throughout the year.
These employees are typically high-performers, entrusted with critical projects such as assistance following a merger/acquisition, launching new technology, or assisting in the opening of new operations. The increase in the visibility of frequent business travelers (FBTs) and extended business travelers (EBTs) is likely a result of a shift away from costly long-term assignments which typically come with a comprehensive benefits package, high tax implications, and the added cost of supporting accompanying dependents. EBTs and FBTs are far more financially appealing for companies as the level of assistance is generally quite basic and the program is usually single-status.
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