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. Read More
Category: Corporate Relocation
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. Read More
Considering Employee Home Sales Support Programs
Though the trend has been to offer more lump sums and other relocation benefits short of a full home sale program, home sale services remain a central part of a well-rounded corporate relocation program. Lump sums can help to control costs, and they are certainly simple to administer, but the results are not always what the company and employee expect. Home sale assistance represents a greater commitment to the employee and his or her future with the organization—a fact that is not lost on the employee. And the economic ups and downs of the past decade have resulted in some innovative practices and approaches that allow employers to offer home sale assistance as part of their employee relocation packages while maintaining better control over costs.
Relocating employees are happiest, and costs are lowest, when they are settled into permanent housing as rapidly as possible.
When this is not possible, providing good temporary living services to employees becomes an important part of a successful relocation process. First impressions make a lasting impact, and for employees who are moving their whole lives to a new location, temporary housing will be their first foray into an unknown environment. Seamless planning and execution is crucial to ensure happy and productive employees.
Right Talent, Right Place, Right Time
Used strategically, employee relocation can positively impact a company’s competitive position and business performance by getting the right talent in the right place at the right time. Unfortunately, the relocation process can be very complicated and stressful for both the employee and the company initiating it. For businesses, some key challenges are competitiveness, cost control, compliance, and employee resistance. For employees, spouse/partner careers, children, elder care responsibilities, real estate concerns, and family resistance are among the frequent challenges. Read More
We all know that kids have feelings too, and when it comes to a corporate relocation, unless they are babes, their world is going to be shaken up a bit. The parents’ role in transitioning their children to a new environment is critical, and begins before the move. What follows are TRC’s six suggestions for smoothing out the often bumpy road of a family transfer. Read More
According to a new report from Knight Frank, a global property agent based in England, finding the right school is the biggest challenge for relocating families, whether they are moving around the world or only 100 miles away. The kids are leaving their friends and extended family behind, and no matter how excited they are about the move, they are still facing some very challenging hurdles: fitting in and making new friends while doing well in their new school. Read More
Corporate relocations entail more than a new job position. The list of items that come into play for any relocation is long, but at the top is usually finding a new place to call home.
Most corporate relocation packages include some type of home finding assistance. The benefit can vary considerably, from a lump sum to a full-service, escorted area orientation, depending on the company and sometimes the employee’s position.
Regardless of the scope of the program, the goal of TRC Global Mobility is to make the relocation as stress-free as possible and provide expert, professional advice throughout the process. Read More
You’re still processing the fact that your company is moving its headquarters to another city….along with you and possibly your partner, children, and pets!
Many corporations look to corporate relocation companies like TRC Global Mobility to smooth the transition for its employees. But there are still things to think about outside of the services that your relocation company offers. And those considerations can grow exponentially with the size of your family. You may still have to oversee the movers, transfer bank accounts and utilities and even more importantly—take care of your family. They’re feeling the stress of moving as much or more than you are.
It’s time to make a list. Use the following relocation checklist that we have put together, based on our knowledge of the relocation process and feedback we have received over the years from the employees we have relocated. Read More
Relocation stress is real, even if you are headed to your dream job. After all, your whole life is being turned upside down.
According to experts, the stress can be mild or severe, and could include aches in the back, head or stomach, high blood pressure, or increased susceptibility to infection or disease. Some people become irritable or impatient, while others are moody or depressed, and could be experiencing nightmares, bouts of crying or panic attacks. Read More