The world of Global Mobility is changing. After the doom and gloom of the pandemic, volumes are again at record levels and employment prospects are bright. External investors have “discovered” Mobility and there is a flow of money coming into our industry from the world of Private Equity.
But private equity companies are canny. Growth equity investors are betting that the future belongs to companies that are agile, tech-savvy and eager to embrace change.
Why are private equity firms so interested in Global Mobility?
According to Braden Snyder of Updata Partners there are two general themes:
- The digital transformation and digitization of legacy processes that have historically been manual or human-based and no longer can be. Software is now automating day-to-day tasks.
- Change in market in mobility — The pandemic accelerated new trends and introduced new ways of working. Not everyone is back to working in an office. With remote working there are new problems to be solved. This provides a new opportunity for software to enter the equation. HR has become more strategic as a whole, it's now top of mind for CEOs, boards, functional leaders and more. Mobility is a big piece of that. The way of working is different — competition for employees has increased and leaders are looking to mobility to help solve this problem. They are trying to beat the competition.
As Global Mobility becomes more strategic, they have more responsibility with the same or less resources — software is a logical next step to automate day-to-day activities.
These dynamics are gold for investors as they think of opportunities to invest. Mobility is not just here to stay it is here to grow.
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