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Author: Jerry Funaro

TRC Responds to COVID-19

Jerry Funaro | March 20, 2020

As a community of employee-owners and a people-centric business, we have been paying close attention to the growing spread of the COVID-19 virus. Our paramount concern is always the health, safety and well-being of our employee owners, clients, relocating employees, and business partners.

We have been heeding the advice of Federal, state and local authorities, the Center for Disease Control (CDC) and the World Health Organization (WHO), all of which are advising that people practice preventative measures, including hand washing, the use of hand sanitizer and social distancing as much as possible. Read More

U.S. Suspends Travel from 26 European Countries

Jerry Funaro | March 16, 2020

This article was originally published by Worldwide ERC on March 13, 2020. Click here to review the original article.

U.S. President Trump has announced a 30-day suspension of travel by foreign nationals residing or visiting Schengen Zone countries to the U.S. due to concerns over coronavirus (COVID-19).

In a televised speech on 11 March, U.S. President Donald Trump announced the suspension for 30 days of travel to the U.S. by foreign nationals who have been in a country part of the Schengen Zone of Europe in the last 14 days. The entry suspension takes effect today, Friday, 13 March at 11:59 pm (eastern).

U.S. citizens and permanent residents currently in a Schengen Zone country with plans to arrive in the U.S. after the suspension takes effect will be subject to medical screenings. The suspension does not apply to foreign nationals whose plane takes off prior to the effective date and time but lands in the U.S. on 14 March. Several other categories of individuals including certain family members of U.S. residents, diplomats and flight crews are not subject to the restriction.
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Coronavirus: Countries’ Containment Efforts Affect Employers

Jerry Funaro | February 28, 2020

This article was originally published by Worldwide ERC on February 18, 2020. Click here to review the original article.

Governments around the world seeking to protect their talent from coronavirus have issued guidance and in some cases restrictions on employees traveling to and from China. The approach taken by the U.S. is similar to that taken by most countries, while Singapore’s approach is most restrictive.

In an effort to limit the spread of the coronavirus within their borders, several countries have provided guidance to, and in some instances, placed requirements on domestic employers related to employees traveling to China. In most countries, governments are recommending to businesses that they refrain from sending employees to China. The Singapore government has placed specific requirements and restrictions on businesses for employees entering the country from China. Read More

The Importance of a Global Mobility Strategy for Growth Driven Companies

Jerry Funaro | February 14, 2020

Today’s talent shortages are likely to continue unabated for years to come, and to be successful, a growth-driven company needs a global talent strategy. Mobility can be an important component of such a strategy.

In the U.S., nearly 6,000 Boomers leave the workforce every day, according to the Pew Research Center, and for companies looking to fill senior management roles, the succeeding Generation X is a markedly smaller group. At the younger end of the workforce, the Millennial generation is even larger than the Boomers, but there are still too few to meet the demand for specialized talent.

Relocation Policy Examples: What Typical Domestic Relocation Packages Include

Jerry Funaro | January 22, 2020

When originally conceived, the typical domestic relocation package was a generous suite of benefits. Companies tailored these relocation packages for senior level managers who owned an often-expensive home, planned to buy a new one at the destination and had considerable personal effects to move. They frequently centered on a Guaranteed Buyout Program, where the company would buy the employee’s home if s(he) could not sell it in a timely manner. Because these were executives, the objective of getting them in place at the destination as quickly as possible trumped cost considerations. Read More

Which Employee Relocation Benefits are Most Popular, which are Not

Jerry Funaro | January 8, 2020

SHRM’s 2018 Employee Benefits Study assessed the prevalence of more than 300 employee relocation benefits and found that lump sum payments are the single most popular relocation benefit offered by the surveyed companies, offered by 28% of responding companies. Other relocation benefits most offered in 2018 included temporary relocation benefits (16% of companies), location visit assistance (16%), reimbursement of shipping fees (12%), and cost-of-living differentials (11%).

However, just as important as understanding the most popular benefits to relocating employees is understanding which benefits are less popular. Because companies periodically reassess their relocation policies to ensure they are remaining competitive in the marketplace and offering benefits employees currently want and use, it’s important to know which benefits have become less necessary and desirable. Read More

What Types of Companies and Industries Benefit Most from Outsourcing Global Mobility Services?

Jerry Funaro | January 3, 2020

To put it succinctly, virtually any company or industry can benefit from outsourcing global mobility services. As a relocation management company (RMC), we will let you in on a secret: mobility is probably one of the most cumbersome of all benefits to attempt to administer in house.

A typical domestic relocation might include counseling, expense administration, tax gross-up, home selling assistance, household goods transportation, temporary housing and home finding assistance. Many third parties are part of this process, bringing further complexity, as a company must source, vet and manage each of their services.

2020 Relocation Home Sale Assistance and Finding Trends Impacting Mobility Policy

Jerry Funaro | December 23, 2019

With the rebound of the U.S. real estate market and the current competition for talent, companies that distanced themselves from home sale assistance often have found themselves at a disadvantage. However, given the current trends impacting U.S. domestic relocation policy, it’s worth taking another look at relocation home sale assistance as a strategic tool for at least some employees. Read More

Domestic Relocation Policy Trends for 2020: Best Practices for Your Mobility Policy

Jerry Funaro | December 16, 2019

This is a particularly dynamic time for companies that relocate employees within the U.S. Several overarching social and demographic trends are influencing the way we work, and employee expectations can vary greatly across generations, locations and industries. Similarly, company needs and competitive situations can vary widely, depending on industry, location and business strategy. A start-up company likely will have different mobility goals than an established corporation.

The term “best practices” recognizes an ongoing industry collaboration to identify ideas or solutions that increase employee and business stakeholder satisfaction while creating efficiencies. The current U.S. domestic best practices outlined in our latest eBook for global mobility professionals provide a useful starting point for developing or reviewing your own domestic relocation policy. Ultimately, your company’s best practices will be the policy elements most closely aligned with your culture and business objectives.

Civil Unrest in Hong Kong and Global Mobility Duty of Care Employer Obligations

Jerry Funaro | November 30, 2019

For many years, Hong Kong has been ranked as one of the safest cities in the world. However, the recent protests in Hong Kong and unrest have raised some security concerns for corporations with employees and families deployed there as part of its international relocation program. On November 14, the U.S. State Department raised its travel advisory for Hong Kong from Level 1: Exercise Normal Precautions to Level 2: Exercise Increased Caution. The U.S. State Department website advises the following: Read More

Author: Jerry Funaro

U.S. President Trump has announced a 30-day suspension of travel by foreign nationals residing or visiting Schengen Zone countries to the U.S. due to concerns over coronavirus (COVID-19).

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