The loss of workplace productivity during an employee’s corporate relocation, although difficult to measure, is both real and significant, especially given the growth in global mobility. The relocation process by definition creates substantial distraction and dissonance, reducing the employee’s focus and engagement, and ultimately, productivity. There are, however, several things that can be done from the company’s perspective that can assist in lessening the reduction of productivity problem when working with employee relocation. Read More
Author: Jerry Funaro
In the past, many companies relocated employees only occasionally. Typically, these relocations included limited benefits and a narrow range of locations, so it was relatively simple to administer the program and manage a small group of local suppliers in house. Today, global relocation brings so many program, tax and legal considerations that outside expertise is an essential component of administering successful domestic relocation and international relocation packages. Outsourcing global relocation can bring companies several benefits:
Specialized Executive Relocation Expertise
The specialized expertise of full-service relocation management companies is a key reason that companies outsource. Relocation management companies like TRC Global Mobility offer a complete suite of executive relocation services and broad geographic coverage. Experienced relocation providers bring policy consulting expertise and knowledge of relocation best practices and tax and legal requirements. This expertise can help companies to ensure their policy is as competitive and cost-effective as possible—and create time for the company to focus on core business priorities. Read More
Worldwide ERC just issued the following statement regarding the Supreme Court’s decision to allow a partial travel ban to take effect.
Arlington, VA— On June 26, the U.S. Supreme Court issued an unsigned order to allow the implementation of parts of an executive order signed by President Trump to temporarily suspend foreign nationals from six countries from entering the U.S. Based on the facts of the case, the Court formed a distinction between nationals who have “a bona fide relationship with a person or entity in the United States” and all other foreign nationals. The Court upheld the suspension of the ban for foreign nationals who have such a relationship, including individuals employed by a company in the U.S. Read More
Family considerations, including the spouse/partner’s career, have traditionally been the number one reason for reluctance to relocate. According to Worldwide ERC®, real estate concerns eclipsed family and career considerations during the Great Recession (imagine having to sell an “upside down” house and give up a spouse/partner’s job during a recession), but as the real estate market recovers, personal issues are again rising to the forefront.
Dual-career families have become the norm. Ozzie and Harriet are gone: according to the U.S. Census bureau, men are the sole breadwinners in only one out of four married couples. So even with a great offer on the table, most families are reluctant to embark on a relocation unless the spouse can either continue his or her job in the new location or find a new one. International assignments bring special challenges as many countries limit or outlaw spouse employment. Read More
In today’s lean business environment, most companies no longer have the luxury of a dedicated relocation department, staffed with experienced professionals who can devote their full attention to the process.
More likely, if the function is managed in-house, it’s just one of many responsibilities juggled by busy HR professionals. Complicating matters further, relocation has gotten more specialized and complex over the years.
For domestic relocation, in-house professionals must keep abreast of current best practices and tax/legal regulations, control costs, source and manage suppliers and sometimes even manage inventory. Global moves are even more challenging. Companies must identify, qualify and manage global partners, worry about immigration and tax matters and source and coordinate a whole array of support services.
Positioning the company for continued growth
MILWAUKEE, Wis. February 11, 2014 – TRC Global Mobility (TRC), a leading talent mobility company, is pleased to announce several management changes and promotions:
Sean Lickver, CRP, GMS, has been promoted to Executive Vice President and will assume responsibility for TRC’s day-to-day operations. He works with the Chairman in setting the strategic direction for the company, and oversees the senior leadership team to ensure that TRC’s resources are optimally deployed to support the company’s mission and objectives. Lickver also oversees the company’s performance against key metrics; evaluates the performance results to ensure departmental and organizational goals are met; and manages the company’s quality control initiatives. Lickver has more than 15 years of operations and management experience in the relocation industry. Before joining TRC in 2011, he held management roles at AIReS and Cendant Mobility.
Craig Mueller, CRP, GMS-T, has been promoted to Vice President, Global Business Development & Client Relations. In this role, Mueller leads TRC’s business development effort and acts as a strategic resource for clients and TRC account managers. In his business development role, Mueller is charged with expanding the market for TRC’s services and maximizing sales volume and revenue for the entire TRC sales team. In his client relations role, Mueller works with clients and TRC Account Managers to build and development these critical partnerships. Mueller joined TRC in 2009 and has over 20 years of relocation experience in business development, operations, management and consulting services. Earlier in his career, he held management roles with several relocation management companies.
Sean Lickver can be reached at +1.414-226-1601 or firstname.lastname@example.org.
Craig Mueller can be reached at +1.630-823-8234 or email@example.com.
About TRC Global Mobility
TRC Global Mobility’ comprehensive relocation and international assignment services empower corporations to achieve their talent management objectives in more than 150 countries worldwide. A stable, reliable partner, TRC brings clients more than 25 years of experience, a flat, transparent organization and an independent structure that supports fresh ideas and customized solutions. As an independent company, we’re free from corporate bureaucracy and preconceived notions. We are prepared to exceed your expectations of a relocation management company.
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Jerry Funaro, CRP, GMS-T
Vice President, Global Marketing
Millennials – 73 million strong between the ages of 18 and 34 – comprise the largest U.S. population group in the last three decades. The U.S. Census Bureau took note. A new edition of their interactive mapping tool, Census Explorer, titled “Young Adults Then and Now,” is chock-full of information about the best places for millennials to relocate if they need a job, want a bigger paycheck, or would like to be surrounded by other young people. Read More
It took nearly three years, but the Qualified Residential Mortgage (QRM) rule has been finalized by the Federal Deposit Corporation, which should translate into a win-win for homeowners who are relocating.
The new rule includes a broad definition of QRM and aligns with the Qualified Mortgage (QM) standard implemented earlier in 2014. The biggest sticking point in the passage of the QRM was the high down-payment requirements that previously proposed QRM rules imposed. Read More
Over the past decade corporate relocation policies have become increasingly sophisticated, balancing the needs of the company with those of the relocating employee. As the global economy struggled, companies formulated relocation policies that empowered them to realize their talent management objectives while managing costs and minimizing the stress and inconvenience for relocating employees.
Today we look at the recently released 2014 Worldwide ERC® (Employee Relocation Council) survey, which reported that U.S. companies experienced a 10 percent increase in domestic employee transfer volume in 2013 over 2012, and employee reluctance to relocate dropped a significant 16 percent from the previous year’s survey. Read More