For the past two years, Weichert Workforce Mobility has been the only large-size relocation management company to rank among the top three in the “RMC of the Year” category of the EMMA Awards in all three regions — the Americas, EMEA and APAC. Presented by the Forum for Expatriate Management, the EMMAs are among our industry’s most coveted awards, celebrating excellence in expatriate mobility.
We are proud to note that in 2014, Weichert Workforce Mobility has once again been nominated as RMC of the Year in all three regions. In the Americas, we were also nominated in the “Thought Leadership Study of the Year” for our popular and groundbreaking Latin America mobility survey. Continue Reading →
A: While they’re not right for everyone, new hire graduates are one demographic for which the lump sum is very appropriate. According to the results of ERC’s New Hire Policies Survey, 46% of companies offer at least some entry-level new hires a lump sum to cover mobility expenses.
A lot of existing research doesn’t get into whether or not this amount should be grossed-up, but in my experience helping companies develop policies, the majority do provide tax assistance (in the form of a gross-up) on lump sums, even for those at the new hire grad level/tier. ERC’s survey data adds that when items are reimbursed, 70% of companies cover the gross-up for the additional federal and 64% cover the state tax liability caused by the move, supporting my findings. Continue Reading →
Today, business success depends on how quickly and easily you can deploy your most highly-valued talent to seize new opportunities. But what are the best practices for building an agile mobile workforce? And what industry trends and policy provisions do you need to be most aware of to achieve your company’s mobility goals and grow your business?
In Weichert’s latest webinar, you’ll get a first-hand look at the results of our 2014 Workforce Mobility Survey, in which 220 corporate mobility managers helped define best practices and strategic techniques for getting critical talent into critical roles whenever and wherever they’re needed. This information will be a valuable blueprint for making it faster, easier and more cost effective to deploy your mobile workforce.
This webinar will be held on Wednesday, July 30 at 2:00pm ET. You can register here. As always, our webinars are free to corporate relocation professionals (sorry; not open to other third party providers).
In this year’s survey, over 7,000 relocated employees were asked to rank the RMCs that moved them.
Based on their feedback, Weichert Workforce Mobility achieved the highest average service satisfaction score among the industry’s five largest suppliers. Weichert also earned a net satisfaction rating that surpassed the industry average.
Perhaps most importantly, data aggregated from the past five years’ surveys shows that we’ve made significant year-after-year improvement in our overall customer satisfaction ranking.
As more companies embrace global mobility as a critical tool for developing top talent and pursuing new opportunities, our Consulting desk has seen increased requests for the best models and practices to streamline the complex management of global moves.
In response, we developed a diagnostic survey tool to help companies identify areas for program optimization, and invited corporate mobility managers to use this tool to determine where to improve their programs.
Not surprising, the one area that received the most focus is tax and payroll compliance—an admittedly slippery slope for most companies. The cumulative results of our survey, which are presented here, give greater insight into how much of an issue compliance risk is to today’s companies.
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Companies intent on post-recession growth need a mobile workforce agile enough to respond quickly to new opportunities and fill talent gaps across their organizations, according to the results of our latest survey.
Now in its eighth year, the Workforce Mobility Survey has become the definitive guide to emerging relocation trends and best practices. This year’s results reflect the input of approximately 220 corporate relocation managers and HR professionals at North American companies across all major industries.
The majority of survey participants acknowledge that workforce mobility remains critical to achieving business and talent development goals, with one-third expecting their mobility volume to increase over the next twelve months. Mobility is even more important among high growth companies, which, the study showed, not only relocate more employees (an average of 432 annual moves versus 280 for other companies) but are also more effective at leveraging mobility as a strategic tool to recruit, develop and retain key talent.
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Jennifer Connell, Director of our Americas Consulting practice, discusses the survey’s key findings, the importance of flexibility and agility to successful workforce mobility and the lesson we can all learn from high-growth companies when it comes to employee relocation.
It’s ten minutes packed with mobility news and statistics you can use.
More qualified home buyers are being left on the sidelines simply due to their credit scores. That was the big takeaway from the recent Mortgage Bankers Association (MBA) Expo and Conference, where David H. Stevens, President & CEO of the MBA, warned that the secondary market is negatively impacting mortgage affordability and availability, increasing costs for borrowers and even preventing many from obtaining homes, and stifling a full-blown market recovery.
The current average credit score in America today is about 700, while the average credit score of a borrower with a loan backed by Fannie Mae in Q1 2014 is 741. On top of these strict credit criteria, there are loan level price adjusters, overlays and ever-increasing guarantee fees. In this system, according to Stevens, only those with the most pristine credit can afford a home. This clearly indicates that while credit availability for mortgages may have improved since the recession, homebuyers still face “credit challenges.”
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