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Telecommuting: Wave of the future or simply not for you?

| September 9, 2014

 

Telecommuting: Wave of the future or simply not for you?According to the U.S. Census Bureau, in 2010 4.2 million more people worked from home than a decade ago, and no, they’re not all stay-at-home moms. The typical telecommuter is a 49-year-old college graduate — man or woman — who earns about $58,000 a year and belongs to a company with more than 100 employees.

At TRC Global Mobility, many of the employees we relocate spend at least one day a week – often more – working from home. Some more facts from the Census Bureau:

  • About one in 10 employees who worked exclusively from home was 65 or older in 2010.
  • About a quarter of home-based workers were in management, business and financial occupations.
  • Home-based workers in computer, engineering and science occupations increased by 69 percent between 2000 and 2010.
  • Mondays and Fridays were the most popular days to work from home for those who work both at home and at another location.
  • Metro areas in the Southeast, Southwest and West had the largest percentage of workers who worked from home.

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Today’s best and worst place for business

| August 26, 2014

Today’s best and worst place for businessLooking to relocate? Then head to Raleigh, N.C., and avoid Atlantic City, N.J., at all costs!

At least that’s what Forbes magazine is saying. Annually, Forbes crunches the numbers on 200 metro areas to determine the best and worse business climates. In June, U.S. employers added 288,000 jobs according to the Bureau of Labor Statistics, and the unemployment rates fell to 6.1 percent, the lowest it has been since 2008. Although the overall numbers are looking good that does not mean every area of the country is experiencing gains. Read More

Creative alternatives to traditional expatriate assignments

| July 16, 2014

expat_02Just a little over a decade ago, traditional three- to five-year expatriate assignments were plum positions afforded to up-and-coming long-term employees. Generous relocation packages, compensation and perks for their family while abroad, combined with a top position when they returned home often spelled a financial boon.

Enter 2000: The very real threat of terrorism, down economies, cost-cutting measures, stricter tax and immigration rules, and exploding technologies that tie people together without leaving their offices all combined to make generous expat-assignment packages an easy target to slash.

The cost of traditional three- to five-year expat assignments is prohibitive for some firms. With increased globalization, companies are looking at local talent in emerging markets such as India, China and parts of Latin America to fill the jobs once the domain of expats. This practice not only saves money, it reduces cultural issues and incorporates local employees’ personal networks and experience. According to a survey by PriceWaterhouse Coppers, by 2016, 70 percent of companies plan to hire local talent overseas while only 19 percent plan to use expatriates to fill those jobs. Read More

Accomplishing your firm’s objectives through talent mobility

| July 11, 2014

international-businessTalent mobility is a phrase that has quickly become part of our daily business jargon. Our world is flat, many corporations have offices all over the globe, and the best and brightest candidates for a job might be scattered around the world, a fact we in the relocation business know all too well. Talent mobility is the key to recruiting the best talent and keeping a company’s existing  brightest committed to the corporation.

At TRC Global Mobility, we define talent mobility as the movement of employees to where they are needed most, sometimes across the world, sometimes right next door. Employers correctly view their most valuable employees as corporate assets. They need to be capable of using them where they can provide the most impact, while being cognitive of and accommodating to each employee’s career interests. Read More

Relocating? Should you rent or buy?

| June 6, 2014

 

Community of mutli coloured paper houses in a circleIf the real estate crash taught us anything, it’s that the old rules don’t work anymore, especially for those dealing with a relocation. Recently, TRC has seen a number of transferees opting to rent in a new location rather than buy. Many more have stopped looking at a house as an investment, but rather the place they call home.

The New York Times recently conducted an analysis that found in many of largest metro areas in the United States – New York City, the San Francisco Bay area, Los Angeles, Boston, Miami and Washington, D.C. – prices have risen so quickly that buying property is beginning to look like a perilous investment, with some experts concerned that a price correction is in the offing. Read More

Boom town or bust: America is a mixed-bag when it comes to home sales

| May 5, 2014

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Job growth. New construction. When it comes to hot U.S. housing markets, the two go hand-in-hand. Although home prices are still creeping up, the latest Standard & Poor’s Case-Shiller 20-city index reports that they rose more slowly this February than a year ago. Many experts point to the harsh winter that kept home buyers in front of the fireplace rather than out buying another home, and are hoping that the spring market will heat up home sales.

Online real estate site company Zillow took a look at recent data and reports that this spring it’s a seller’s paradise in five areas of California, San Jose, San Francisco’s Bay Area, Riverside, Los Angeles and Sacramento, and two areas in Texas, San Antonio and Dallas-Fort Worth. Other cities enjoying robust home sales include Seattle, Wash., Denver, Colo., and Washington, D.C. Read More

Relocation and the Common Core Standards

| April 8, 2014

“How are the schools?” is onSchoolhouse mode of the first questions relocating employees consider, and one we at TRC face daily. It is why we are interested in the Common Core – new academic standards in English language arts and math that 44 states and the District of Columbia are implementing. And although the debate is still raging about whether Common Core is good or bad, one aspect that has gotten little attention is its potential impact for people on the move.

An average American moves more than 10 times during his lifetime, which means that many people are moving with their children, and those children are changing schools. The hope is that with the Common Core Standards, the inconsistencies between school systems and states will not be as glaring as they were pre-Common Core. Read More

Worldwide ERC National Relocation Conference

| April 1, 2014

GET READY FOR THE FUTURE

Join TRC at the Worldwide ERC National Relocation Conference:

May 7-9, 2014 in Orlando, FL
April 22, 2014 in Milwaukee, Wis

Fifty years of professionalism, skill, expertise, knowledge and community have been leading to this amazing meeting! Since 1964, Worldwide ERC® has been delivering mobility solutions to those seeking answers to some of their biggest challenges. Come for a future focus on family issues; household goods; tax and legal updates; real estate-related concerns; housing; technology; services; cost control… and new information on best and next practices!
Register now for the 2014 National Relocation Conference to add the right tools to accelerate your career and work. Enjoy a complimentary chair massage at the TRC Relaxation Station and visit us at Booth 201!

Corporate first-time attendees are eligible for FREE registration (up to a $1695 value)!

Contact Jerry Funaro, Vice President, Global Marketing at jfunaro@trcgm.com or +1.203.925.2001 for more information.

 

The dreaded alternative minimum tax: Prepare now for April, 2015

| March 26, 2014

It might seem way too early to think about 2015, but when it comes to taxes, now is the perfect time.

april15
Many of the employees of our relocation clients were hit with a heavier tax burden this year, just some of the 3.9 million Americans that had to pay the dreaded alternative minimum tax, aka AMT. Under our dual tax system, taxpayers have to pay whichever amount is higher – regular income tax or AMT. The AMT does not allow many of the deductions allowed on regular returns – personal exemptions, standard deductions and deductions for state and local taxes paid.

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Sprucing up your home for sale before a relocation

| March 12, 2014

Home Improvements
You’ve just been told you’re relocating. Next on the list is readying your home for sale, which often includes some repairs. What to fix, how much to invest, and how extensive the repairs are perennial questions that plagued homeowners.

TRC Global Mobility offers these suggestions:

Home inspection: Doing a home inspection before a house goes on the market shows prospective buyers that you care for your home and have kept up on maintenance. Fix any repairs the inspector finds, and document this in any sales literature. Read More

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