The Dubai Land Department (DLD) launched the unified lease contract for rental properties in Dubai in March this year to create a transparent and professional real estate market with measurable standards. Experts say the new system aims to protect all parties in the lease process and the revisions are seen as an example of best practice.
According to the DLD, brokers legally appointed to manage property of landlords based abroad are no longer allowed to sign unified lease contracts to get an Ejari–the online registration system initiated by the Real Estate Regulatory Agency (RERA) that requires all Dubai rental or lease contracts to be recorded.
The DLD says the property owner must directly sign the original lease contract; even agent who hold a POA to sign a rental contract are no longer allowed to act as proxies. Brokers must now send the unified lease contract via courier to owners who cannot come to Dubai to sign in person. Continue Reading →
On December 13, 2017, a preliminary agreement was reached on a final tax bill that would significantly overhaul the Federal tax code. Titled the “Tax Cuts and Jobs Act,” the tax legislation represents a collaboration to sort out the key differences between the House and Senate proposals. This bill represents a big step forward toward passing the tax reform before the end of the calendar year. The updated bill is now in a Conference Committee to address discrepancies between the House and Senate versions. A vote is expected next week on the bill by both the House and Senate.
While the official text of the bill has not been publicly released as of this release, here’s what you need to know. Continue Reading →
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 →
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 →
MORRIS PLAINS, NJ, September 7, 2017 – Weichert Workforce Mobility Inc., one of the world’s leading providers of talent deployment solutions, today announced a strategic partnership with Immedis, a market leader in international payroll and global mobility tax solutions, to deliver fully-managed global payroll and global employment outsourcing services to multinational organizations.
Through this partnership, Weichert will offer integrated local national and expatriate payroll solutions in almost any location around the world, relieving organizations of the burdens and risks associated with foreign payroll calculations and delivery. Payroll services include split pay, shadow payroll and gross-up, and offer a number of key benefits, including:
Accurate, timely payroll reporting that meets all local requirements
Mitigated risk through guaranteed payroll compliance.
Reduced cost through procedures and controls that ensure accurate payroll, eliminate erroneous payments and reduce potential penalties.
“Managing payroll, in one or multiple countries, can be a challenging task that drains resources and requires constant vigilance following and interpreting local rules and regulations,” said Stewart McCardle, Senior Vice President of Assignment Management Services and Global Supply Chain Solutions with Weichert Workforce Mobility. “Through our global payroll offering, we expertly manage every step of the process, freeing clients to focus on growing their business.”
The addition of global payroll services strengthens Weichert’s single-source global mobility solution, which also includes international relocation, expense management, compensation accumulation and expat tax preparation. By streamlining the management of these critical services through one provider, Weichert makes it faster, easier and more cost-effective for clients to deploy talent and remain complaint with constant changes in the tax and regulatory landscape.
Through Immedis, Weichert will also offer Global Employment Outsourcing (GEO) services, which allow organizations to perform a broad range of HR-related tasks, including hiring, payroll, tax withholding, labor law compliance in countries where they have no established legal entities.
“After exhaustive due diligence, Immedis emerged as the partner best equipped to strengthen our single-source value proposition,” said McCardle. “We look forward to working with them to bring greater value to our client partnerships through this unique solution.”
“We could not be more excited about our partnership with Weichert,” added Dave Leboff, President of Immedis. “Not only are our services complementary but the similarities between our client-centric and high performance cultures are striking. This will be a great win for Weichert clients and other multinational organizations that are looking for a complete and seamless expat and global payroll solution.”
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, Inc., one of the world’s leading providers of mobile workforce management solutions, announced that Avrom Goldberg has joined the organization as Regional Vice President/Managing Director, Asia Pacific. He will lead the company’s Asia Pacific strategy and be responsible for managing service operations and expanding supplier partnerships throughout the region.
Along with Goldberg’s hiring, Weichert also announced an expansion of its Asia Pacific presence with a new office in Shanghai. Complementing existing offices in Hong Kong and Singapore, the Shanghai office enables Weichert to provide greater local resources and expertise to companies moving talent into, out of and across China. The new office is located in the central Huangpu district in the impressive Bund Center, one of the city’s most recognizable buildings.
Goldberg has over 30 years of experience in managing global workforce mobility programs for multinational companies. He began his career in 1983 managing international mobility in the Netherlands for a leading US-based relocation management company. He went on to establish his own destination services company in Amsterdam, creating the first Pan-European network of professional relocation services providers. He then joined a leading US-based relocation management company to create and manage its global DSP network. Avrom transitioned into business development roles across both EMEA and APAC before settling in Hong Kong in 2001. In 2006, he took on the role of Managing Director of Asia Pacific and the Middle East for Sirva and consolidated his reputation as a pioneer of APAC mobility. Most recently he served as Senior Vice President, Global Solutions, at Lexicon.
One of the relocation industry’s foremost experts on the China and APAC markets, Goldberg is the architect of several definitive research studies on the region as well as groundbreaking white papers on mobility in China and India, all of which have been widely referenced in global business publications. He was twice distinguished by The Forum for Expatriate Management, having won the EMMA award for “Outstanding Contribution to APAC Global Mobility” in 2016 and “Global Mobility Professional of the Year” in 2012
“Avrom has a solid track record for leveraging his deep local expertise, industry knowledge and long-standing relationships to help multinational companies seamlessly navigate Asia Pacific’s increasingly diverse and complex business landscape,” said Dave Bencivengo, President of Weichert Workforce Mobility. “I can think of no one better qualified to propel our APAC growth, and I’m confident he’ll have an immediate impact on our business.”
Added Lawrence Mahmarian, Weichert’s Senior Vice President of Global Operations, “With the addition of Avrom and the opening of our Shanghai office, we’ve significantly enhanced our ability to support both multinational clients looking to take advantage of China business opportunities and local corporations tackling talent mobility issues.”
“I’m excited to join a company where integrity and innovation are not just buzzwords, they’re part of their organizational DNA,” said Goldberg. “Weichert’s expanding APAC presence and resources will not only ensure the high caliber service for which Weichert is justifiably known, but it will also enhance the superior consultative strategies available to clients in-region to help them keep mobility aligned with their workforce goals and objectives.”
Today, we have a lot of Jetsons-style technology, literally at our fingertips. Who doesn’t love FaceTime, Google searches and the Roomba (Ok, maybe not the Roomba)? To remain competitive and keep your rising mobile talent happy, it’s vital to acknowledge that the construct of family has also progressed. Let’s visit some of the major points that are part and parcel of 21st century mobility management.
What Makes A Family A Family
As technology has changed, so too has our definition of “family.” No longer defined by Dad, Mom and 2.2 children, families can be multigenerational, include domestic partners, be single parent in nature and even have members of a different species. Being sensitive to your mobile employee’s particular situation strengthens the corporate relationship, increasing the likelihood of a successful assignment.
When your mobile employee is not flying solo, it’s imperative to lend support and consideration to a spouse or partner who may be feeling less than thrilled about uprooting his or her life. Often, there is an entirely separate, established career to consider and offering career counseling assistance can help. The loss of a second income may be the kind of financial hit the family just can’t take and can influence whether or not your preferred assignee signs on. 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 →
MORRIS PLAINS, NJ, January 25, 2017 – Weichert Workforce Mobility Inc., one of the world’s leading providers of global talent deployment solutions, announced today its collaboration with Going-there, Global Destination Services, to launch the Weichert Global Organizer. This new smart phone application helps corporations easily track mobile employees and business travelers to ensure compliance with strict immigration and tax laws.
The Weichert Global Organizer is extremely easy to use. Employees and business travelers simply enter their specific locations and the Weichert Global Organizer automatically begins tracking their time in each location, alerting the employee and HR of pending tax or immigration events such as visa renewal or days in a certain jurisdiction triggering tax liability. Data collected through the app is fed to a portal-based reporting system, giving HR managers accurate, real time access to the activities of all business travelers.
“With immigration and tax guidelines evolving more rapidly and enforcing entities pursuing violations with greater vigilance, companies that can’t accurately track the movement of their mobile workforce risk serious compliance issues, not to mention the heavy fines and business restrictions that come with them,” said Stewart McCardle, Senior Vice President of Assignment Management Services and Global Supply Chain Solutions with Weichert Workforce Mobility.
“The Weichert Global Organizer eliminates these compliance risks, automatically generating for companies a clear picture of the tax and immigration status of their employees and allowing them to be proactive, rather than reactive, to any concerns. Further, at tax time, all of the critical data that the employee and company need for filing and reporting is easily accessible in one place.”
Beyond immigration and tax compliance, the Weichert Global Organizer addresses another issue of critical importance to companies managing mobile workforces: duty of care. In the event of an emergency, the app empowers HR managers to instantly locate their employees at any point on the globe, alert them to danger and, if necessary, evacuate them to a place of safety.
“Immigration, tax and duty of care represent the three biggest challenges for managing mobile talent and business travelers,” said McCardle. “The Weichert Global Organizer is the only app of its kind to track and synergize the data surrounding these functions into actionable information for HR and corporate mobility managers.”