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What is a Short Term Developmental Assignment?

| June 26, 2018

STDAShort Term Developmental Assignments (STDAs) are an increasingly popular tool for businesses to accomplish specific, finite projects and to develop employees while containing costs. Domestic STDAs really seemed to take off in the U.S. in the aftermath of the Great Recession. Concurrently, international short-term assignments, which have been on the radar longer, grew in popularity as companies looked for ways to reduce the cost of international relocation. Read More

How to Make Relocation Industry Conferences Work for You

| June 13, 2018

By Melissa Seitz-Medford, Manager, TRC Consulting Services

Global relocation industry conferenceAt the recent Worldwide ERC® Americas Conference in Dallas, I couldn’t help but notice how many individuals were wearing “first time attendee” name badges. Although this was not my first time at a WERC conference, I thought it was interesting and exciting to see how many new faces there were, and I looked forward to hearing what they had to say.

Forums like WERC provide a wonderful platform for relocation industry veterans and those who may be looking at global mobility with “fresh eyes” to share thoughts, professional challenges and solutions. Given all of the work that goes into producing these conferences, and the substantial investment companies make to participate, it is worth considering how you can make the most of your time at them. Read More

Worldwide ERC® Releases New Future Mobility Skills Report

| May 23, 2018

Talen Mobility Leaders - Decode the FutureThe global mobility industry is challenged by a shortage of talent and skills, supported by innovative technology and automation, and comprised of a variety of demographics and generational preferences. Additionally, it includes organizational transformations and a global community of mobility professionals. Taking all of these conditions into account, Worldwide ERC® developed its new report, The Perfect Storm: Talent Mobility Leaders Decode the Future.

The report includes recommendations for professionals to build their skills as strategic partners and to gain a better understanding of a rapidly advancing global mobility landscape. You’ll also read about:

Read More

How are Companies Now Treating Employee Moving Expenses for Tax Purposes?

| April 27, 2018

Employee Moving ExpensesThe passage of the Tax Cuts and Jobs Act in late 2017 and its almost immediate effective date of 1 January 2018 took many in the mobility industry by surprise. One key change, the repeal of the employee moving expenses deduction, left many companies wondering about the tax treatment of three common relocation benefits that historically have been tax deductible for transferees:

• Household Goods Shipment (including pet and automobile shipments)
• Household Goods Storage Expenses
• Final Move Expenses Read More

U.S. Immigration Law: Where Are We Now and What’s to Come?

| April 4, 2018

TRC Global Mobility is sponsoring an upcoming Worldwide ERC Learning Zone webinar on April 10, 2018, presented by Envoy Global. Here is a sneak preview of some of the findings contained in Envoy’s Immigration Trends 2018 report. Click Here to Register for the Webinar.

tax reformAccording to Envoy’s Immigration Trends 2018 Report, 70 percent of employers say sourcing foreign national employees is very or extremely important to their talent acquisition strategy, yet 85 percent of employers say the current U.S. immigration system has had an impact in the hiring and retention of global talent into their organizations.

It’s clear that immigration continues to be an area of focus among employers and the U.S. government. Last year brought forward changes in policy, practice and rhetoric, and, unsurprisingly, the outlook for 2018 is similar, with even tougher restrictions being proposed.

Here are some of the potential changes that may be implemented in 2018. Read More

International Relocation Assignments and the Tax Cuts and Jobs Act of 2017

| March 22, 2018

International tax job cuts - scissors with hands and rescue floatThe passage of the Tax Cuts and Jobs Act of 2017 has had far-reaching effects within the domestic sector of the global mobility industry, however, international employee relocations have been impacted as well.  All of the benefits that are affected from a domestic perspective will have the same implications on international moves if those benefits are included in an international relocation package. For example, household goods shipments and final move benefits are typically included in both international and domestic employee mobility packages.  As of 1 January 2018, both of these benefits have been deemed as taxable, with no distinction between the benefits being administered domestically or internationally.  It will be up to companies on an individual basis to determine if they are going to consider grossing up the taxes for both of these benefits going forward. Read More

Relocation Benefits Tax Changes: Key Issues to be Aware of When Completing 2017 Federal Taxes

| March 1, 2018

Relocation Benefits Tax ChangesWith the passage of the Tax Cuts and Jobs Act of 2017, there are key changes to the tax treatment of several common relocation benefits. Whether you are an employee moving domestically or globally or an employer who relocates employees, it is important to be aware of these changes as we head into tax season.

We outline these changes below and offer TRC’s recommendations on how to treat these benefits going forward. Read More

LABOR 2030: The Collision of Demographics, Automation and Inequality

| February 19, 2018

employee mobility white paperA new white paper from Bain & Company explores some dramatic changes that will affect talent management and the employee mobility function. A brief excerpt follows.

Demographics, automation and inequality have the potential to dramatically reshape our world in the 2020s and beyond. Our analysis shows that the collision of these forces could trigger economic disruption far greater than we have experienced over the past 60 years. The aim of this report by Bain’s Macro Trends Group is to detail how the impact of aging populations, the adoption of new automation technologies and rising inequality will likely combine to give rise to new business risks and opportunities. These gathering forces already pose challenges for businesses and investors. In the next decade, they will combine to create an economic climate of increasing extremes but may also trigger a decade-plus investment boom. Read More

Steve Townsend, CRP, GMS-T Awarded the Saul Gresky Award by the North Texas Relocation Professionals

| February 8, 2018

– Recognizing relocation industry contributions –

steveMILWAUKEE, Wis. – February 8, 2018 – TRC Global Mobility, Inc. (TRC) is pleased to announce that Steve Townsend, CRP, GMS-T, Vice President, Business Development at TRC, was awarded the Saul Gresky Award by the North Texas Relocation Professionals (NTRP).

NTRP presents the award annually to one corporate or relocation service professional who: Read More

United Van Lines’ National Movers Study Shows Americans Continue to Move West and South

| January 30, 2018

So where are Americans moving these days, and why are they moving there? United Van Lines’ recently released 41st Annual National Movers Study holds a few surprises. The study tracks United customers’ state-to-state migration patterns during the previous year.

According to the study, Americans are moving westward, flocking to the Mountain and Pacific West, while the Northeast and Midwest continue to lose residents. In 2017, more residents moved out of Illinois than any other state with 63 percent of moves being outbound. Surprisingly, Vermont had the highest percentage of inbound migration in 2017 with nearly 68 percent of moves to and from the state being inbound Read More

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