The proposed U.S. tax reform, if approved, will have significant impact on corporate domestic relocation programs. Under this reform, certain benefit payments that were previously considered excludable from employee income if paid by the employer would become taxable. These expenses fall under 3 categories as follows:
• Household Goods Moving Expenses
• Storage Expenses
• Final Move Travel Expenses
With moving expenses no longer receiving preferential tax treatment, several long-standing tenets of relocation taxation, including the “50-mile distance test” and the “39-week rule” would be dissolved. Of additional interest to corporate relocation managers and mobile employees are changes to the treatment of capital gains on the sale of a primary residence which impose more stringent requirements to be considered excludable.
Although these reforms will likely result in an increase in mobility costs for most companies, workforce mobility will still remain a vital tool for companies to grow their business and attract and develop talent. With that in mind, let’s take a look at one example of how these changes will affect the cost of a move. Continue Reading →
Weichert Workforce Mobility will be conducting complimentary, half-day educational summits for HR & corporate mobility professionals in Zurich and Geneva. These programs offer strategies for measuring engagement levels across your mobile workforce and insight to key mobility trends that will impact your program for years to come. Subject matter experts from the corporate and provider perspectives will provide valuable insights and best practices to make it faster, easier and more cost-effective to manage mobile talent.
To ensure an intimate learning environment, attendance at these events will be limited. Dates and locations are as follows:
Tuesday, 10 October, 15:00 – 20:00
Rennweg 7, 8001 Zürich, Switzerland
Wednesday, 11 October, 15:00- 20:00
Rue de Lausanne 14, 1201 Geneva, Switzerland
We are proud to be playing a significant role in this week’s Worldwide ERC Americas Conference in Houston, May 18-20. In addition to our sponsorship of the event, several Weichert Workforce Mobility subject matter experts will be sharing their insight and promoting industry knowledge.
Gustavo Higuera, Regional VP of our LATAM Operations, will be one of the featured experts during the Global Thought Leaders panel. Moderated by Peggy Smith, President of Worldwide ERC, this panel will see Gustavo discussing some of the most critical industry issues alongside experts from such companies as Chevron, Visa and The Brookings Institute, to name a few.
Additionally, Weichert Workforce Mobility and Weichert Corporate Housing will be partnering for a session entitled Duty of Care: How to Assist Your Employees When a Medical, Physical or Natural Crisis Occurs. Marea Nathanson of WCH (a member of the 2016 NRC Planning Committee) will moderate the panel and our EVP and General Counsel Steve Jones will be a featured panelist.
If you are attending this year’s event, we hope you’ll take the time to check out these sessions.
MORRIS PLAINS, NJ, May 11, 2016 – Weichert Workforce Mobility was named Relocation Management Company of the Year at the 2016 EMMA Awards ceremony in Philadelphia, Pennsylvania. Presented by the Forum for Expatriate Management, the EMMAs is the industry’s premier awards event, recognizing excellence in workforce mobility.
With this win, Weichert has set a new precedent, becoming the first and only company to be named RMC of the Year at the Americas EMMAs for three consecutive years. Weichert also won this honor in 2014 and 2015.
A judging panel of HR and mobility professionals from a wide range of multinational corporations selected Weichert from a shortlist of 11 finalists, based on such criteria as service quality, value for price paid, industry innovation and proven results for clients.
Other factors — including Weichert’s commitment to building Trusted Partnerships and delivering Legendary Service and its Scorecard approach to performance tracking — helped further distinguish the company from the other nominees in this category.
“Winning our first EMMA for RMC of the Year was an honor; winning for the third consecutive year is truly amazing and a testament to the innovative solutions and exceptional results we continue to deliver to our clients and their mobile employees,” said Dave Bencivengo, President of Weichert Workforce Mobility. “Such outside validation of our service excellence and thought leadership inspires us and drives us and we will never take it for granted.”
“Winning an EMMA is the ultimate recognition of excellence in workforce mobility and this year’s winners have earned a unique honor to stand out among their peers,” added Iyla McIntyre, Event Director of the Forum for Expatriate Management. “We congratulate Weichert Workforce Mobility for its unprecedented third straight win as Relocation Management Company of the Year at the Americas EMMAs.”
We are ecstatic to announce that Weichert Workforce Mobility was named Relocation Management Company of the Year at the 2015 EMMA Awards. Making us even happier is the fact that this marks the second consecutive year that Weichert has won this honor!
The EMMAs celebrate excellence in global mobility worldwide. This year’s judging panel included mobility professionals from such companies as Microsoft, CA Technologies, Goodyear, American Express, Lockheed Martin and Accenture, to name a few. The awards were presented during the Forum for Expatriate Management’s Americas Summit last week in Coronado, California.
We consider accolades such as this to be further evidence of the effectiveness of our strategy execution and the difference that Legendary Service is making. And to say that we are proud of our colleagues — the global professionals who’ve healped us earn RMC of the Year honors for two years running — is an understatement.
To the judges and to our collegaues and to the Forum for Expatriate Management and to the clients who place their trust in us every day, we say thank you.
We were very proud to learn that Weichert Workforce Mobility has made the shortlist for the Re:locate Awards 2013/2014. Presented by Re:locate Magazine, these awards are recognized as a benchmark of excellence across all aspects of relocation, both in the UK and internationally.
What makes this nomination so rewarding is that we are sharing it with one of our clients. Weichert Workforce Mobility and Reckitt Benckiser have been shortlisted in the “Best HR/Supplier Partnership” category, which speaks to the successful, synergistic relationship that has been forged between our companies.
In the highly competitive global consumer products industry, “speed over perfection” is Reckitt Benckiser’s philosophy. The company uses a 70-20-10 development model and considers global assignments critical to building the talent they need to grow their business. As Reckitt’s trusted partner, Weichert provides the seasoned expertise and agility that not only accommodates the company’s 70-20-10 model but enables them to deploy global talent at the speed their business demands. Working together and learning from each other’s cultures, Reckitt and Weichert have built a strong successful partnership that has advanced the client’s growth strategy.
Continue Reading →
Weichert Workforce Mobility is a proud sponsor of Worldwide ERC’s 2014 EMEA Global Workforce Summit, to be held February 11-12 in London. And in addition to sponsoring and exhibiting at the show, we’ll also be lending our subject matter expertise on EMEA mobility.
On Tuesday, our VP of Global Consulting Solutions, Ellie Sullivan, will participate on a panel entitled, “Talent Mobility – Alignment Strategies that Support the Talent Agenda” along with SMEs from Reckitt Benckiser and Cisco. Our VP of EMEA Business Development, Andreas von Strachwitz, will serve as moderator.
This session will offer two best practice case studies to illustrate how progressive, high performing companies are leveraging workforce mobility to drive their talent management goals and workforce strategy. Topics will include how Reckitt uses “readiness” factors to identify mobile talent and how mobility fuels the company’s learning and development objectives; and how Cisco manages the International Assignment life-cycle to ensure development and retention of critical talent.
We hope you’ll join us for what promises to be an informative program!
Household Goods: Although customs and borders are considered exempt from the shut down, staffing may be reduced until all governmental issues are resolved. Clients should be prepared for the possibility of shipment delays and extended time frames.
Mortgage processing: Please note the following:
— The Federal Housing Administration (FHA) will be able to endorse single-family loans during the shutdown; however, only a limited number of FHA staff will be available to underwrite and approve new loans so the process may take longer.
— There will be no significant effect to Ginnie Mae, Fannie Mae or Freddie Mac.
— The Department of Veterans Affairs (VA) will continue to operate, which means lenders will be able to continue originating VA-guaranteed loans.
On Tuesday, September 24, Weichert is proud to be presenting a Worldwide ERC Learning Zone webinar, “How Workforce Mobility Drives Strategic Workforce Management.”
Having a mobile workforce that’s ready to deploy whenever opportunity arises or corporate goals shift is critical to growing your business. During this free webinar, Weichert subject matter expert Laura Levenson, Director of our global consulting practice, will be joined by Susan Macchia, Manager of Global Mobility and Compensation at H. J. Heinz, to discuss best practices for segmenting your mobile workforce and developing appropriate policies for all demographics to heighten efficiencies, boost speed of deployment, improve employee productivity and control program costs.
Drawing from real-life examples, our presenters will also show you how workforce mobility can play a critical role in strategic workforce management, helping you attract, manage and retain the talent you need to support your organization’s evolution.
This is a very timely session, as a highly competitive job market and fast economic growth have combined to create an extremely dynamic and mobile workforce in China. So mobile, in fact, global companies operating in China find it difficult to find and keep top talent. This is true of Chinese nationals and expatriates alike.
To capitalize on market potential across China, global companies will need to have a strong, committed local workforce and invest in development from international sources: global assignees transferring in and out of China, as well as developmental orientation assignments for Chinese nationals in multinational corporations. They will also need to adopt more systematic and practical approaches to align workforce mobility programs with corporate HR and business strategies to deliver measurable results.