We don’t just help move your mobile employees. We make it our business to ensure that they have a seamless and speedy move. In handling moves everywhere from Massachusetts to Mexico to the Middle East, we’ve seen it all, experienced it all, and, most importantly, succeeded through it all.
And through our free webinar series, we share tips and best practices to propel your mobility program. Our next webinar, on Thursday, October 19 at 1:00pm ET, will focus on household goods (HHG) shipping, truly a topic that can confound even the most seasoned mobility professional.
In anticipation of the big event, we chatted with Kyriako Bouris, VP of Global Transportation here at Weichert Workforce Mobility. Our savvy HHG expert gave us a sneak peek of what he’ll be exploring in the upcoming webinar–from the biggest trends shaping the HHG industry to the make-it-or-break-it factor when choosing a HHG provider. Let’s go! Continue Reading →
What’s your first move if an emergency situation – whether a tropical storm or a political uprising – breaks out around the corner from your home? Now imagine this is your new home – in a new city, state, or country. Suddenly, you’re not just dealing with the emotional and financial stress of an impending disaster coming at you at supersonic speed, but you’re also in an unfamiliar land and possibly navigating a language barrier with no escape in sight.
This nightmare scenario was a horrifying reality for countless mobile employees in Texas and Florida, who were recently battered by Hurricanes Harvey and Irma. The colossal hurricanes wreaked havoc on the regions; claiming over a hundred lives, destroying hundreds of thousands of homes, and causing hundreds of billions dollars of damage, according to White House estimates.
Of course disasters aren’t always avoidable, but we can avoid being ill-prepared. So, here are a few best practices to ensure your mobile, on-the-move workforce is 100% prepared when an emergency strikes. Continue Reading →
As you may have heard, credit reporting agency Equifax yesterday announced that it had suffered a cybersecurity breach that may impact more than 143 million U.S. consumers. Names, Social Security numbers, birth dates and other highly sensitive personal and financial information is among the data that may have been accessed.
We encourage you to visit the Equifax website for more details about the hacking, including whether your information was impacted and how to register for credit file monitoring and ID theft protection.
Your policy is the core of your workforce mobility program and it can dictate as much as 98% of the costs you incur. You want to control spend, especially since average domestic relocations can cost upwards of $80,000. International moves can be even more expensive. How do you contain common cost drivers and still attract and retain the “A” players that will take your organization to the next level? Here are 5 tips.
1) Watch home selling related expenses. Your key talent will be keener on relocation if you make it easier for them to find and purchase a new home. Yet, this one of the of the largest cost components, particularly when it comes to moving employees from a low cost to a high cost location. Something to consider is to take advantage of tax deductible expenses and leverage home sale programs that comply with tax avoidance strategies to reduce tax implications. Continue Reading →
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 →
Convincing your key talent to take a move can be a tough sell when the cost of living in the destination location is higher than in the current home base area. An effective strategy to entice your best and brightest employees to consider relocation is to offer COLA (cost of living assistance). This infographic provides an overview of top US cities with the highest and most affordable cost of living, factors that add pressure, COLA components and how companies provide the allowance. The image above is the map only. For the full infographic, click the image below.
Relocation can be an incredibly exciting opportunity for the rising talent with your organization. Enthusiasm can dampen, however, if the cost of living in the destination location is higher than in their current home base. Business may be booming in hot housing markets like San Francisco, New York, LA and Boston, but asking employees to make a move that impacts their bottom line can prove a burden to yours.
Offering COLA (cost of living assistance) to talent considering assignment can offset increased living expenses that relocating employees incur when they make a move from a low cost area to a high cost one. There are a host of options to employ.
Here are 5 simple tips to avoid problems. 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
Following up on our earlier post about the Ontario Non-Resident Speculation Tax that became effective June 1, the following is a summary of current status as obtained from reliable sources but which cannot and should not be relied upon as legal or tax advice and Weichert clients should review this tax law status with their applicable tax advisors.
Quite simply, several material developments have occurred that corporate clients and relocation companies should be aware of as they undertake home sale transactions within the Greater Golden Horseshoe* Region (GGH).
Foreign national purchasers (essentially any buyer who is not a Canadian citizen or permanent resident or a couples purchase in which neither spouse is a Canadian citizen) will be subject to paying the 15% purchase price speculation tax, and relocation companies and clients should be prepared accordingly. Please note that some special foreign purchaser exemptions may apply, and would need to be pursued by experienced local counsel with the Ontario Ministry of Finance.