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Trends in Budgeting / Cost Containment for Global Assignments

| November 16, 2012

Global companies continue to refine their global policies to manage talent effectively, support strategic growth, consider individual/family needs and remain competitive in the marketplace. At the same time, they seek ways in which to provide sufficient benefits to attract and retain talent while avoiding frills and expensive exceptions. At TRC, we are most commonly seeing the following policy approaches to controlling assignment costs:

  • Exercising greater discretion in selecting candidates and factoring in their need for support
  • Applying a more limited cost of living allowance (COLA) policy
  • Revising or eliminating foreign service premiums
  • Developing an “expat lite” policy to include reduced benefits, using an efficient purchaser index
  • Introducing a bare-bones, “essentials” policy while allowing employees to keep home country benefits and long-term incentives.

Join TRC at the Worldwide ERC Global Workforce Symposium!

| September 25, 2012

Join TRC Global Mobility at the Worldwide ERC Global Workforce Symposium, October 3-5, 2012 at the Marriott Wardman Park, Washington, DC and unleash the power of talent mobility!

Talent mobility is the future of our global workforce! Find the knowledge and experts for this critical field at the Global Workforce Symposium as Worldwide ERC® delivers:

  • Trends in international assignments and emerging regions
  • How internal integration drives talent mobility strategy
  • Innovative ways to build global leaders and competencies
  • Techniques to optimize your talent mobility strategy and partnerships
  • Leading approaches to leveraging talent mobility investments

Unleash the power in Washington D.C. … and look to the future!

Visit TRC at Booth 111 and power up at our charging stations in the meeting room area!

TRC Global Mobility Named One of the Fastest Growing Private Companies in America

| August 31, 2012

Ranked #1251 on the 2012 Inc. 5000 list

Milwaukee, Wis. (August 21, 2012)

According to Inc. magazine, TRC Global Mobility, Inc. (TRC), a leading relocation management company, is one of the fastest growing private companies in America. With a position of 1251/5000, TRC placed near the top quartile of the 2012 Inc. 5000, an annual listing of growing, privately-held businesses.

“For TRC to be ranked in the 2012 Inc. 5000 demonstrates how the company has thrived in spite of a sluggish economy,” said Doug Berto, TRC’s president and CEO. “Our success speaks to TRC employees’ creativity, flexibility and commitment to our clients and their relocating employees. “

Berto emphasized that TRC’s growth is the result of careful planning: “We have no interest in growth just for the sake of bragging rights. Our growth stems directly from a careful assessment of the needs of our current and future clients, and the actions we’re taking to anticipate, and meet, those needs. We’re gratified that our message of independence, financial strength and stability, transparency and full-service global capabilities continues to resonate with a broad range of companies.”

For the past 30 years, Inc. has celebrated the fastest growing private companies in the U.S. In addition to TRC, first-time honorees for 2012 include CDW, Publix Supermarkets and Facebook. Past honorees have included Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia and Oracle.

About TRC Global Mobility

TRC Global Mobility delivers comprehensive relocation and international assignment services in 150+ countries worldwide. We help our clients to further their business objectives by ensuring they have the right people in the right place at the right time, controlling costs and mitigating risks.

A financially stable, reliable partner, we bring our clients fresh perspectives backed by 25 years of relocation experience. TRC’s diverse client base represents a wide variety of products and services and ranges from smaller, start-up firms to Global 1000 companies. As an independent company, we’re free from corporate bureaucracy and preconceived notions. Visit TRC at trcglobalmobility.com.

Media Contact

Jerry Funaro, CRP, GMS
Vice President, Global Marketing
jerryf@trcgm.com
+1.203.925.2001

Relocation for Same-Sex Couples – Legal and Safety Issues

| August 27, 2012

PART 2

by Jerry Funaro, CRP, GMS
Vice President, Global Marketing, TRC Global Mobility, Inc.

The Confused (and Confusing) State of U.S. Same-Sex Marriage Laws

National and state marriage laws can present significant obstacles in relocating same-sex couples. The U.S. Defense of Marriage Act (DOMA) defines marriage as the legal union of one man and one woman, and the U.S. federal government does not recognize same-sex marriages performed in any jurisdiction.

DOMA also asserts that no state is required to recognize as a marriage a same-sex relationship that is considered a marriage in a different state. Today, 41 states have passed constitutional amendments or legislation limiting marriage to one man and one woman. In practical terms, if a transferee is legally married to a same-sex partner at the departure location, that marriage will cease to be recognized in most destination states.

To make things even more complicated, states with same-sex marriage recognize same-sex marriages from other states. States with same-sex civil unions usually recognize civil unions from other states, but not marriages. Some treat out-of-state same-sex marriages as civil unions. A handful of states that offer neither same-sex marriage nor civil unions have nonetheless recognized those statuses from other states, sometimes as domestic partnerships.

Things to Consider in LGBT Relocation

In short, a prospective transferee who has entered into a same-sex marriage or civil union in the departure location will certainly need to consider his or her legal standing in the new state. Aside from the emotional impact of becoming essentially divorced, a move to a non-marriage state could entail the loss of significant rights and benefits in terms of taxes, inheritance, medical decisions, adoption and more. Your prospective transferee will want to conduct thorough due diligence and possibly seek independent legal advice as part of the pre-decision process. A lawyer experienced in family law can craft wills and contracts to replicate some of the rights and privileges that come from a marriage or civil union.

International Assignment Issues

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How to Handle Relocation for Same-Sex Couples

| August 9, 2012

PART 1

by Jerry Funaro, CRP, GMS
Vice President, Global Marketing, TRC Global Mobility, Inc.

Challenges and Concerns for Same-Sex Couple Relocations

During the past 25 years I’ve followed my partner’s career as a “trailing spouse” multiple times while working for several relocation management companies. This personal experience allows me to say that same-sex couples have many of the same relocation considerations as any other couple: the partner’s job, real estate, children, schools, cost of living, cultural issues, distance from family and friends and more.

But there are differences. In particular, the unsettled state of same-sex marriage and civil union laws across the United States and around the world can present significant challenges. Some locations pose safety and security concerns. It’s useful for companies to be aware of the considerations that same-sex couples face, and to learn what your organization can do to facilitate these relocations.

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Register Now for Complimentary TRC Webinar, Today’s Mortgage Market: Strategies for Success

| July 20, 2012

September 25th Webinar to Focus on Navigating Today’s Mortgage Market

MILWAUKEE, Wis. (July 20, 2012)

With historically low rates, today’s mortgage market presents real opportunities for experienced and first-time buyers alike. But to help transferees succeed in today’s market, it’s important to have a thorough understanding of current options, rules and regulations.

Recognizing this, TRC Global Mobility (TRC), a leading relocation management company, will sponsor the webinar:

Today’s Mortgage Market: Strategies for Success, on September 25, 2012 from 2:00-3:00 p.m. EST.

Part of Worldwide ERC’s Learning Zone™ webinar series, this complimentary one-hour session will be hosted by Tom Dempsey, CRP, Vice President, Quicken Loans Relocation.

This interactive webinar will include a discussion of today’s market guidelines, creative program options and interest rates. We’ll take a look at broader economic factors influencing the mortgage market and current and possible legislation that could affect borrowers. After this session, you’ll be able to navigate the mortgage market successfully and with confidence.

The session is eligible for one domestic CRP® credit from Worldwide ERC®. Learn more and register at http://www.worldwideerc.org/Events/Pages/webinar-09252012.aspx

About TRC Global Mobility

Celebrating 25 years of relocation leadership, TRC Global Mobility is a U.S.-based, independently owned and operated firm that delivers creative, cost-effective solutions its clients’ U.S., international and government relocation challenges. TRC helps clients to further their business objectives by ensuring they have the right people in the right place at the right time, controlling costs and mitigating risks. TRC’s diverse client base represents a wide variety of products and services and ranges from smaller, start-up firms to Global 1000 companies. Visit TRC at trcglobalmobility.com.

Register Now for Complimentary TRC Webinar, Today’s Mortgage Market: Strategies for Success

| July 20, 2012

September 25 Webinar to Focus on Navigating Today’s  Mortgage Market
Strategies for Success

MILWAUKEE, Wis. (July 20, 2012)

With historically low rates, today’s mortgage market presents real opportunities for experienced and first-time buyers alike.  But to help transferees succeed in today’s market, it’s important to have a thorough understanding of current options, rules and regulations.

Read More

Three-peat! TRC Global Mobility Receives Future 50 Award for Growth in Revenue & Employment for the Third Year in a Row

| July 15, 2012

Recognizes fast-growing Milwaukee businesses

Milwaukee, Wis. (July 9, 2012)

TRC Global Mobility, Inc. (TRC), a leading relocation management company, has been named to the Metropolitan Milwaukee Association of Commerce’s Future 50 for the third year in a row.

The Future 50 Program, established in 1980, recognizes privately-owned companies in the seven county Milwaukee region that have been in business for at least three years and have shown significant revenue and employment growth.

“TRC continues to grow to meet the needs of both current and new clients, at our Milwaukee headquarters location and also in our offices in Denver, Connecticut and overseas”, said Doug Berto, TRC’s president and CEO. “Though we’ve been part of the Milwaukee business community for 25 years, we’re proud to retain the innovative spirit and dynamic growth of a startup.”

TRC and other winners will be honored at a luncheon in September and featured in BizTimes: Milwaukee later this year.

About TRC Global Mobility

TRC Global Mobility is a U.S.-based, independently owned and operated firm that delivers creative, cost-effective solutions its clients’ U.S., international and government relocation challenges. TRC helps clients to further their business objectives by ensuring they have the right people in the right place at the right time, controlling costs and mitigating risks. TRC’s diverse client base represents a wide variety of products and services and ranges from smaller, start-up firms to Global 1000 companies. Visit TRC at trcglobalmobility.com.

About MMAC

For more than 150 years, the Metropolitan Milwaukee Association of Commerce (MMAC) has been serving area businesses as a private, not-for-profit organization. Driven by the needs of its members, MMAC is committed to increasing the economic vitality of the metro Milwaukee business community. United around the goal of ensuring long-term prosperity for both the community and its individual businesses, MMAC’s engaged leaders take action and get results. MMAC’s 1,800 members are representative of the region’s diverse industry mix, including manufacturing, service, wholesale and transportation. Visit MMAC at www.mmac.org

Media Contact

Jerry Funaro, CRP, GMS
Vice President, Global Marketing
jerryf@trcgm.com
+1.203.925.2001

TRC Recognized as a Top 10 Relocation Service Provider by HRO Today Magazine

| May 12, 2012

Quality, Breadth of Service and Size Assessed

MILWAUKEE, Wis. (May 7, 2012)

TRC Global Mobility, Inc. (TRC), a leading relocation management company, was ranked among the top 10 relocation service providers in HRO Today magazine’s 2012 Baker’s Dozen Customer Satisfaction Ratings: Relocation.

According to HRO Today, the Baker’s Dozen rankings “…are based solely on feedback from buyers of the rated services; the ratings are not based on the opinion of the HRO Today staff.”

“With more than 50 relocation companies in the marketplace today, we’re honored that corporate professionals have ranked us among the top 10 in the industry,” said Doug Berto, TRC’s President and CEO. “We’re committed to providing the service depth and reach our clients need and the service quality they expect, and I’m gratified that we’re delivering on that promise.”

To collect data, HRO Today conducts an online survey, which it distributes to its own database and directly to the relocation service providers’ clients. Corporate HR and procurement professionals who are responsible for their companies’ relocation programs answer questions related to service breadth, deal sizes and quality. HRO Today uses a proprietary algorithm to arrive at an overall score and then ranks providers based on those scores.

About TRC Global Mobility

Celebrating 25 years of relocation leadership, TRC Global Mobility is a U.S.-based, independently owned and operated firm that delivers creative, cost-effective solutions its clients’ U.S., international and government relocation challenges. TRC helps clients to further their business objectives by ensuring they have the right people in the right place at the right time, controlling costs and mitigating risks. TRC’s diverse client base represents a wide variety of products and services and ranges from smaller, start-up firms to Global 1000 companies. Visit TRC at trcglobalmobility.com.

outsourcing relocation services


Is Outsourcing Relocation Services Right for You? 

 

Download the outsourcing relocation white paper to learn more about the benefits of outsourcing, considerations when deciding if it is right for you and best practices in selecting a relocation service provider.

 

TRC Global to Attend Worldwide ERC National Relocation Conference

| April 28, 2012

May 9-11, 2012   Henry Gonzalez Convention Center, San Antonio, Texas

  • TRC Global Mobility will also be sponsoring the Relaxation Station, with complimentary chair massages throughout the conference.
  • TRC Global will be exhibiting at Booth 301.  Come and meet the team.
  • Jerry Funaro, CRP, GMS, Vice President, Global Marketing will be moderating the session:

Techniques and Resources for Estimating Move Costs

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