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Expatriate Management: Why Companies Explore Foreign Talent Pools

| March 7, 2016

Global MobilityIn order for companies to stay ahead of the competition in this global economy, they must leverage and optimize all the tools at their disposal.  Talent is the most important of these tools and often proves to be the single greatest differentiator among companies in a crowded marketplace.  Talent pools, like the economy, are global in nature today.

Seasoned expatriates can represent a particularly attractive segment of prospective talent as they often share valuable common characteristics that provide companies with key bottom line benefits. For example… Read More

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

How to soften the impact of mobility on children

| January 25, 2016

HiResWe 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

What Can We Learn From Moving Professional Teams?

| May 26, 2015

Excerpted from Mobility May 2015

12211759866Professional athletes are a not-so-obvious audience for relocation services. Interestingly, enough, the players themselves are often responsible for their own relocation arrangements and expenses.

Chris Dingman, President of The Dingman Group, the leading sports relocation company, said: “According to the Collective Bargaining Agreements, across all 5 major sports, if it’s a trade then the team that receives the player is responsible for relocation expenses. Outside of a trade, like free agency, it’s almost always the responsibility of the athlete to pay relocation costs.” 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

Involuntary Renters: A Growing Trend in the Domestic Relocation Industry Part 2: How To Handle Your Reluctant Renters

| January 21, 2012

Classic domestic relocation policies clearly distinguish between renters and homeowners. Renters are assumed to be younger, more junior employees, often single or married without children. Since the classic renter has no home to sell at the departure location, no home to purchase at the destination and significantly less in the way of household goods and other encumbrances, he or she typically received a modest package of benefits relative to homeowner transferees.

In part one of this series we discussed a new type of employee relocation situation: homeowners who are able to sell their home but cannot afford to buy another one. Read More

Involuntary Renters: A Growing Trend in the Domestic Relocation Industry

| January 6, 2012

Part 1: Recognizing a Reluctant Renter

In the past, relatively few homeowners became renters. When they did, it was often a lifestyle choice, such as empty-nesters who sold their large suburban home and moved into a city apartment. Today this situation is much more common — and too often an effect of the current housing market and economic conditions.

Why Homeowners Choose To Rent

In the domestic relocation services industry, some transferees cannot sell their departure home and end up renting it out and finding a rental property at the destination. Others expect their time at the destination to be limited. Still others may have been spooked by the volatile housing market in general. The most delicate employee relocation situation centers on what we call “involuntary renters” or “reluctant renters”: homeowner transferees who manage to sell their home but cannot afford to buy another one. Overall, 67% of surveyed companies in Worldwide ERC’s 2010 Transfer Volume and Cost Survey are seeing a “somewhat” to “significant” increase in the number of homeowner transferees who are opting to rent at their new location. Read More