The rock band Van Halen will forever be remembered for spandex, teased hair and changing lead singers more often than most people change socks. But there’s another side to VH that you likely never suspected: the band that launched such hit songs as “Hot for Teacher” and “Jamie’s Cryin” pioneered a unique methodology for spotting red flags that can be valuable to today’s corporate mobility managers.
Yes, you read that correctly.
It all starts with M&Ms. Brown M&Ms, to be precise.
Before last week’s Worldwide ERC Global Workforce Symposium in Washington, DC, we were honored to host our annual Global Representative Summit. This event brings together members of our Weichert Global Representative (WGR) network to undergo training, discuss regional market challenges, review trends and re-confirm our mutual commitment to providing Legendary Service experiences.
A highlight of this Summit is our annual WGR Awards. These awards are given to a select group of WGRs who are nominated by our service teams for going above and beyond in serving our clients’ mobile employees.
Congratulations to our 2016 winners: Writer Relocations (India), Pathfinder Relocation Services (Malaysia), Map Relocations (Belgium), EMS (Trinidad & Tobego), Corporate Care Relocation (Ireland), Packimpex (Switzerland), Premier Destination Services (LATAM; in photo) and Fragomen.
In my last quarterly update, I welcomed the lazy hazy days of summer. In a blink, those days have been replaced by back-to-school nights and shorter days. In the real estate business cycle, the traditional “busy season” begins to cool off and the “winter market” closes in.
As we prepare for the inevitable climate and foliage change that fall and winter bring, we also focus on a presidential election. Looking forward requires looking back and in that regard, the summer of 2016 has returned another positive report for the national real estate market.
The cautious optimist in me is still asking some of the same questions from past quarters. How long will the positive trend last? When will the Fed raise interest rates? Will the election be the catalyst to spur less favorable conditions? How long will the Greater Houston markets show price growth despite the volatile oils markets?
For now, we’ll have to wait to see how things play out. In the meantime, let’s look at some trends and developments of interest to mobile employees (and the companies that move them), as referenced in NAR Research’s September/October 2016 Market Pulse: Continue Reading →
As one of the world’s leading workforce mobility companies, we are committed to protecting the private data of the mobile employees we move and the organizations that deploy them. Our technology framework has been built to meet or exceed the international standards for data security, privacy and compliance, and we remain vigilant to ever-evolving advances and updates.
In accordance with this commitment, we were happy to learn that Weichert Workforce Mobility has been certified by the U.S. Department of Commerce as compliant with the new EU-U.S. Data Privacy Shield Framework.
This Framework was developed by the U.S. Department of Commerce and the European Commission to provide companies on both sides of the Atlantic with a standard for upholding European Union data protection requirements when transferring personal data from the EU to the U.S. in support of transatlantic commerce.
With this certification, Weichert Workforce Mobility gives its clients the confidence that the personal data of their mobile employees is being managed within the strictest protection methods and processes, and that Weichert is employing safeguards that meet European legislation guidelines for the processing of personal data being transferred to non-EU countries.
Today’s companies are forever seeking ways to mobilize employees faster, easier and more cost-effectively, making the theme of this year’s annual CERC Conference, “Global Mobility: Building a Better Model” especially fitting. The Conference will be held September 25-27 in Vancouver, and Weichert Workforce Mobility is proud to be among the impressive array of subject matter experts and thought leaders who will be contributing to this year’s program.
I’ll be hosting a session discussing the Top 10 Cost Saving Opportunities for Your Domestic Mobility Programs. This session will outline the techniques organizations are using to identify cost savings in their domestic mobility programs, from home sale practices and controlling exceptions to widespread program changes including flexible approaches. I’m proud to be joined by a panel of industry veterans — Louis Lagacé from CN, Sandra Cairns from Dwellworks and Fred Haladay from Atlas Canada — for this program.
As always, subject matter experts from our Canadian offices will be on hand in the Exhibit Hall to answer any questions. We’re looking forward to meeting fellow Conference participants and hope you’ll join us for what promises to be a memorable event!
This week, we were happy to learn that we’d been nominated for two EMEA EMMA Awards in the categories of Relocation Management Company of the Year and Best Vendor Partnership, where we were nominated alongside Cisco Systems.
While we are certainly honored to be considered among the top RMCs in the EMEA region, we are particularly proud of the Vendor partnership nomination with Cisco Systems. Cisco has been an amazing partner, open to new ideas and fiercely dedicated to leveraging workforce mobility to drive their global talent management initiatives.
Although it’s an honor to simply be nominated, we always have our fingers crossed. Winners will be announced in London on November 11.
More than seven weeks have passed since the Brexit vote, and as much uncertainty exists today as on 23 June. For this post, I wanted to provide an update on my initial Brexit thoughts, overview the current state of affairs and try to determine the potential impact on global mobility. Although the more dire predictions haven’t come to pass, there have been some unexpected initial reactions:
• Mortgage and other interest rates have fallen in response to Brexit. More than one million borrowers with “tracker” mortgages (a mortgage comprised of a mixture of fixed and variable components) have benefited, and many lenders have also passed the falls on to other borrowers on variable rates. Those who want to take out fixed-rate loans have also seen rates fall.
• After an initial sharp fall, the stock market has rallied strongly to levels higher than those before the vote.
• The pound has lost more than 10% of its value against the dollar, down to its lowest levels since 1985. It has also fallen in value against the euro and currency experts expect it to remain at least 10% below where it was on 23 June, in the long term.
• If economists are correct, imported goods –food, clothing, homeware, etc — will consequently get more expensive. This will increase COLA payments made to assignees in the UK, and therefore cause an overall increase in cost for UK assignments in the long term.
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.
For the tenth annual edition of our workforce mobility survey, we took a fresh approach. As you know, the survey’s first decade was all about how workforce mobility was responding to challenging real estate markets across the U.S. and Canada. Our 2016 edition has expanded to a global survey, identifying the top “game changers” that will require mobility professionals to re-examine how they administer their programs in the future.
According to the survey results, mergers, acquisitions and divestitures represent the most prominent workforce mobility game changer, experienced by 55 percent of responding companies over the past year and anticipated by 42 percent in 2016. Unfortunately, while mergers and acquisitions are designed to build scale, expand markets and acquire talent, few organizations anticipate the impact on