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How Corporate Relocation Specialists Lighten the Burden for Employee Moves

| February 23, 2016

Right Talent, Right Place, Right Time

Corporate Relocation SpecialistsUsed 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

Relocating? Here are five important tips for a successful corporate relocation.

| June 19, 2015

Sept2014_FindJobAfterRelocationYou’ve just accepted a great new job, and although it entails a relocation, you know the position and the new location suit you perfectly.

Even though you know this is the right move, it won’t come without some stress. You need to find a new place to call home, learn how to navigate a different town, master your job, build a support network, and if you have a family, find schools for your kids and perhaps a job for your spouse or partner. Read More

Partner career assistance for relocating employees can mean the difference between a successful and a failed assignment

| March 23, 2015

husband and wife at workFamily considerations, including the spouse/partner’s career, have traditionally been the number one reason for reluctance from relocating employees. According to Worldwide ERC®, real estate concerns eclipsed family and career considerations during the Great Recession (imagine having to sell an “upside down” house and give up a spouse/partner’s job during a recession), but as the real estate market recovers, personal issues are again rising to the forefront.

Dual-career families have become the norm. Ozzie and Harriet are gone: according to the U.S. Census bureau, men are the sole breadwinners in only one out of four married couples. So even with a great offer on the table, most families are reluctant to embark on a domestic relocation unless the spouse can either continue his or her job in the new location or find a new one. International assignments bring special challenges as many countries limit or outlaw spouse employment. Read More

Outsourcing Employee Relocation Saves Valuable Time and Money

| March 9, 2015

Outsourcing Employee Relocation Saves Valuable Time and Money
In today’s lean business environment, most companies no longer have the luxury of a dedicated relocation department, staffed with experienced professionals who can devote their full attention to the process.

More likely, if the function is managed in-house, it’s just one of many responsibilities juggled by busy HR professionals. Complicating matters further, relocation has gotten more specialized and complex over the years.

For domestic relocation, in-house professionals must keep abreast of current best practices and tax/legal regulations, control costs, source and manage suppliers and sometimes even manage inventory. Global moves are even more challenging. Companies must identify, qualify and manage global partners, worry about immigration and tax matters and source and coordinate a whole array of support services.

Read More

QRM: Clarity in housing finance

| January 9, 2015

Clarity in housing financeIt took nearly three years, but the Qualified Residential Mortgage (QRM) rule has been finalized by the Federal Deposit Corporation, which should translate into a win-win for homeowners who are relocating.

The new rule includes a broad definition of QRM and aligns with the Qualified Mortgage (QM) standard implemented earlier in 2014. The biggest sticking point in the passage of the QRM was the high down-payment requirements that previously proposed QRM rules imposed. Read More

Employee Relocation: Talent mobility takes flight

| December 30, 2014

Employee Relocation: Talent mobility takes flightOver the past decade corporate relocation policies have become increasingly sophisticated, balancing the needs of the company with those of the relocating employee. As the global economy struggled, companies formulated relocation policies that empowered them to realize their talent management objectives while managing costs and minimizing the stress and inconvenience for relocating employees.

Today we look at the recently released 2014 Worldwide ERC® (Employee Relocation Council) survey, which reported that U.S. companies experienced a 10 percent increase in domestic employee transfer volume in 2013 over 2012, and employee reluctance to relocate dropped a significant 16 percent from the previous year’s survey. Read More

Five mistakes companies make when choosing an international relocation company

| November 6, 2014

Five mistakes companies make when choosing an international relocation companyTo remain competitive and gain an edge, more and more companies are pursing the best and brightest talent around the world. While any move is stressful, an international assignment can be exponentially tougher. Choosing an expert international relocation company can reduce stress, increase satisfaction and reduce the risk of miscommunication and failed assignments. Read More

Buying an older home?

| October 21, 2014

Buying an older home?10 considerations before signing on the dotted line

You’re relocating and have a few days to find your dream house – or at least a house you can call home. New homes sparkle, but older homes have character. Plus, you’ve been watching DIY shows on TV that have convinced you to give one a try.

Before you sign on the dotted line, there are some things everyone should consider when buying an older home.

Lead paint: If the home was built before 1978, the year lead paint was banned, it should be tested by a certified lead inspector. Lead dust is released when you sand or scrape old paint. Read More

10 questions to ask when choosing a relocation company

| October 7, 2014

10 questions to ask when deciding on a relocation company
Let’s face it: Relocating consistently ranks as one of life’s most stressful experiences. But in our global economy, relocating employees seamlessly is more important now than ever before.

10 questions to ask a relocation company:

1. Talent mobility – a phrase that has quickly become part of our daily business jargon – is the key to keeping the best and brightest committed to a corporation. TRC Global Mobility defines talent mobility as the movement of employees to where they are needed most, sometimes across the world, sometimes right next door. Will your prospective relocation company strategize with you on how best to use talent mobility to help your company achieve its broader strategic objectives?

Read More

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

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