TRC Global Mobility Completes Sale To Employee Stock Ownership Plan (ESOP)

TRC Global Mobility Completes Sale to ESOP

– Company Now 100% Employee Owned-

MILWAUKEE, Wis. (October 18, 2016)– TRC Global Mobility, an employee talent mobility company providing services for U.S., international and government clients, announced today that it has transferred 100% ownership of the company to its employees via an Employee Stock Ownership Plan (ESOP).

An ESOP is a qualified retirement plan that buys, holds, and sells company stock for the benefit of the employees, providing them with an ownership stake in the company. TRC Global Mobility Chairman and Founder Paul Haislmaier finalized the sale in September 2016. (more…)

International Relocation Packages – Holidays & Leave

Holidays, Leave and Paid Time OffEmployees on international assignments typically observe the holidays of their host country location, which is sometimes a bit of a surprise for the expats. They might be American citizens working for an American company in its Paris office, but they will be celebrating not U.S. Independence Day but French Bastille Day! They usually receive the same paid time off they received at the home location, but sometimes local laws or practices dictate a different arrangement. Employees on assignment also are given allowances for at least one trip home per year. (more…)

Global Relocation Assignment Components: Tax Services

Tax ServicesWhile most of us struggle with taxes in our native country, imagine what it must be like trying to determine your tax obligation in another country. Making sure you stay square with both the home and host countries requires professional assistance so most companies offer tax services as a part of their general employee relocation services package.


International Relocation Package: Personal Goods Shipment Benefits

Girl's hands holding the package on the tableShipping personal goods can represent a significant expense for companies and a significant source of stress for expatriates. Careful counseling is important to ensure employees do not move goods they will not be able to use in the new location (e.g. televisions; excessive or very large furniture that will not fit in the destination housing; and very heavy and bulky items, like pool tables).

Most goods are typically shipped by sea, with a small air allowance for items that will be needed immediately.


International Relocation: Destination & Settling In Services

The first few days of an international relocation tend to be exciting yet trying. To reduce stress and help employees adjust to their new environment, most companies provide a series of destination and settling in services to the families. Usually this means allowing employees to spend two to four days at their new location handling all of the time-consuming errands that need to happen before they can begin getting into a routine. (more…)

International Relocation Services: Pre-Assignment Assistance

Candidates for international assignments are, of course, chosen primarily based on their technical competence and the need for their skills and expertise in the global location. But it is critical that the employee and family are given an opportunity to experience the new location, and that they are thoroughly prepared for life in the new country before the leave home. Pre-Assignment assistance provides the candidate and family with the support needed for a smooth transition. This relatively small expense can safeguard the company’s substantial investment in the assignment. (more…)

International Relocation Benefits: Home Country Housing & Personal Auto Assistance

Employees who are embarking on a global assignment are usually expected to return home within 3-5 years. Under this scenario, property management is a practical alternative to homesale, since most assignees who expect to return home within a reasonable amount of time prefer to retain their home. Automobiles present another challenge for assignees, but companies typically assist with their disposal. (more…)

Domestic Relocation: Rental Assistance Benefits

Close up hands receiving house keysIn the world of corporate relocation, renters traditionally received less attention and much more limited benefits than homeowners. There were two reasons for this. First, renters tended to be recent college grads, new hires or lower-level employees—at the lower rung of a typical tiered relocation program. Second, from a practical standpoint, this group of employees was easy to move: often single, with relatively few possessions and of course, no home to sell. They needed little assistance to complete their moves.


Domestic Relocations: New Home Assistance/Mortgage Assistance Benefit

In planning a move, whether it’s an employee-sponsored relocation or not, most people tend to focus on the costs of selling the old home and moving a house full of goods. The costs associated with buying a new home often receive little attention. But they can be significant, so most companies offer some form of New Home Purchase and Mortgage Assistance benefits to defray the cost and ease the transition. (more…)