Life on assignment drives mobile employees’ ability to advance their careers. Providing an automobile or car allowance to enable assignees to drive themselves around their destination location is another story. How do you decide whether or not to offer this type of benefit and how do you define its scope?
Provisions are typically made based on country, assignment type and tier. For the star talent you want to deploy, having access to independent transportation can be the positive tipping point in the favor of accepting an international assignment. Host location norms matter above all else, putting safety and security first.
Considering the importance of this topic and the impact it can have on recruitment and retention, Weichert recently partnered with RES Forum to research best practices among transportation policies in use at multinational companies. Here are some results of that survey. Continue Reading →
Our recent two-part webinar series on cost optimization drew large corporate attendance, no doubt eager to hear their peers talk at length about their experience collaborating with Weichert to optimize program costs. While three of our four corporate presenters have had their existing programs in place for many years and the other is just beginning its journey as a newly formed company with a developing global mobility program, all four agreed that program optimization is an ongoing, iterative process.
As you might imagine, attendees had plenty of questions for our panelists. And while they did an admirable job of responding, there were too many to address in our one hour sessions. In this post, we present the unanswered questions with feedback from our panelists.
To make sure we only use mobility as a tool to support well thought-out business strategies, I find it critical to hold the line on requiring a business case for each assignment, and thus control costs by eliminating unnecessary assignments. Would you agree? Continue Reading →
Our recent webinar on cost optimization was widely attended and many folks wrote in requesting that we share the presentation, so we decided to provide this summary blog.
With 97% of global mobility spend on taxes and direct costs of assignment such as short and long term housing, shipment of household goods and travel and only 2-6% of spend attributable to a combination of internal administration and third party service fees, it’s no wonder that companies look to reducing policy benefits as the swiftest and obvious path to cost savings. We know however that severely cutting back or setting caps can impact ability to recruit, hire and retain the right talent for the assignment.
So it really makes good sense to stop and ask some important questions: Continue Reading →
Singapore has been ranked #1 for both quality of life and happiest country in Asia, and that’s because the economic, political, socio-cultural environments – including healthcare, education, and transportation — are all top notch.
When we ask our service providers to weigh in on the challenges expats face when settling in to life in Singapore, there are very few downsides reported. Basically speaking, according to PERC and the anecdotes we hear from our clients and assignees, it is one of the easiest countries to adjust to when relocating from virtually anywhere in the world.
In this blog, we will address the various components of expat life in Singapore, highlighting the pros and cons.
Conventional wisdom and experience dictate that saying you want to break up and actually doing it are two very different things. That’s why many people were genuinely surprised when the majority of UK citizens voted to support British departure from the EU in the recent referendum.
Although the intent to exit is now official, the full scope of what leaving the EU will entail is still unknown. Cancelling UK treaty obligations could be relatively easy, but negotiating new trading relationships, tax treaties and immigration rules and regulations could be much more difficult and take much longer, without any guarantee of success. In the interim, there are some things that are important to understand regarding the implications of the Brexit referendum, particularly in regard to workforce mobility.
Through this blog, we’re proud to regularly bring you domestic and global tax insight from Weichert Mobility Tax Services. This month, subject matter experts from our friends at BDO discuss major changes to the UK tax treatment of equity awards for Internationally Mobile Employees (IMEs) and how companies should consider the impact on existing and new awards. Companies that move assignees to the UK will want to take note.
In the wake of a new ruling in April 2015, UK equity income is now sourced based on the nexus during the vesting period. If an individual works in the UK during the vesting period, there will be a UK liability and potential payroll withholding obligation. The new rules apply to all outstanding awards, regardless of the date of grant or the individual’s residence status on the date of grant or vest. Also, they apply to both inbounds and outbounds.
For example, say an employee received an option subject to a three year vesting period in 2013 while residing in Germany. If she moved to the UK in 2014 on a two year assignment after holding the option for 18 months, under the new rules, 50% of the gain will be subject to UK tax. Under the old rules, no gain would have been subject to UK tax. Broadly, the National Insurance Contributions (NIC) treatment follows the tax provisions but is dependent on the status of the individual and whether treaty or non treaty countries are involved. Continue Reading →
Last week, we presented a webinar on Intra-Country Mobility Trends, which focused on domestically mobile workforces outside the US, UK and Canada. Although this talent segment is not often featured in industry surveys and white papers, the high level of interest in this webinar from mobility professionals across the world indicates that it is critical to a growing number of companies.
We were thrilled to tackle this subject with in-country service providers from China and India and corporate professionals from Whirlpool and Bombardier sharing their wisdom, experience and best practice recommendations with our audience.
Here are 5 key takeaways from our speakers:
• When developing a global mobility program, including intra-country mobility, be sure to secure executive sponsorship to ensure consistent roll-out and implementation worldwide. Whirlpool had the sponsorship of the CEO, while Bombardier had the support of the VPs of HR from its Aero and Transport divisions. Continue Reading →
Domestic mobility in countries outside North America and the UK can be challenging for even the most globally-minded multinational companies. I’ll examine this topic in detail during our next educational webinar, on September 17, 2015, at 11:00am ET (4:00pm UK, 8:30pm India, 11:00pm China).
Joining me will be Beverly Sunn of APP Mobility, Anita Krishnaswamy of Global Adjustments, India, and corporate mobility professionals from Whirlpool and Bombardier. Together, we’ll share insight and best practices for developing domestic mobility programs for both expats and country nationals in emerging markets, with special focus on China and India.
Topics covered will include housing, education and family challenges that companies must address to attract and retain the diverse mobile talent they need to grow their businesses.
This webinar is eligible for one (1) CRP credit from Worldwide ERC and one (1) CERP credit from CERC. We hope you can attend!
Please note, this webinar is open only to corporate relocation and HR professionals. A valid email address is required to register.
Please register here.
Our annual Weichert Global Representative (WGR) Summit is an important part of our training initiative, bringing together WGRs from across the world to review updated Scorecard standards and education curriculum, share regional news and re-confirm our commitment to delivering legendary service.
As our WGRs provide an extension of our services on the ground in over 185 countries, we want to make sure we continually update them on our business strategies and partnership expectations, while creating a forum for examining ideas for strengthening global synergies.
Our most recent Summit saw a record number of attendees and especially vibrant discussions. Central to this Summit was an interactive panel discussion featuring several WGRs representing very divergent regions, who spoke on current trends and challenges within their areas of expertise. I was proud to serve on this panel alongside the following WGRs:
Latin America has become a hotbed of talent deployment activity. But with great opportunities come equally great challenges. In this podcast, we’ll examine what the majority of respondents to our recent Latin America Mobility survey indicated as their greatest challenge: managing payroll and tax compliance for employees being relocated into this region.
Our subject matter experts include Andrés López-Llamozas, Manager of International Tax & Compensation, and Laura Levenson, Director of our global consulting practice.
You can listen using the audio player below, or by downloading the episode here.