Middle-aged workers can find themselves in an extreme situation. Employees in their 40s and 50s are typically reaching the peak of their careers and earning power. This tends to coincide with higher stress levels and longer hours at work. On the other hand, demands made by a growing elderly population and children struggling to achieve financial independence can pull employees away from their work. According to the Pew Research Center, Nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a child or financially supporting a grown one. This is the so-called sandwich generation.
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Moving is generally considered one of the most stressful life events. In fact, according to an article in www.express.co.uk, moving to a new home is more stressful than a relationship breakdown, divorce, or even a new job. Because relocating employees involves moving them to a new location, it can be just as mentally, physically, and emotionally taxing. Many factors come into play, from helping the employee sell their home and buy/rent another one, to ensuring all household goods and pets reach the new destination with as few issues as possible. Following are some relocation services and industry best practices to keep in mind when relocating your employee.
Representatives from Paragon Global Resources attended the Institute for Supply Management 2017 annual conference this week. Appearing in the picture, from left to right, are Hrvoje Crnecki, Manager, Global Business Development, Jennifer Morabito, Manager, Global Consulting Services, and Brian Morabito, Manager, Global Marketing and Diversified Services. The booth represents all four subsidiaries of Paragon: Paragon … Continue reading Paragon Attends ISM 2017 Annual Conference
On July 1, the three major credit reporting agencies—TransUnion, Experian, and Equifax—will implement some major changes to the way they report judgments and tax liens on individual credit reports. As with many new rules, this one has both positive and negative ramifications for borrowers, Realtors trying to sell a home and lenders.
U.S. employees face a continuing challenge to care for older family members while also working. The situation is exacerbated with the so-called Sandwich Generation, who balance caring for children at the same time. Outside of the Family and Medical Leave Act (FMLA) of 1993, employee support is minimal. And yet, it is clear that additional options for assistance is needed. With forward thinking corporations, there is momentum to offer additional family caregiver benefits. The biggest question companies are asking is what is the return on investment for providing such benefits.
Corporations need to pursue better alignment between mobility and talent management as a way to meet their human resource needs going forward. However, according to Deloitte’s 2015 study, Strategic Moves, only eight percent of professionals see their mobility functions as world class. The good news is that the path to a more strategic mobility function aligned with talent management has been plotted. The higher level benefits for corporations are clear: new business growth, improved financial performance, better employee engagement, higher retention rates and diversity.
In HRO Today’s 2017 Baker’s Dozen Survey of relocation service providers, Paragon Relocation is once again named as a top provider. The survey separates a handful of relocation management companies from the pack each year, based on client surveys. In the global relocation management industry, qualifying for the Baker’s Dozen list is considered a significant achievement. Paragon has made the list before, including in 2016. Making the list again this year is a testament to Paragon’s consistency in delivering quality services to its corporate clients.
Abigail Flanagan, Senior Director, Global Relocation Services and a member of the leadership team at Paragon Relocation, was recently quoted in the Winter edition of HRO Today Global on the topic of Brexit and its impact on relocation. Flanagan advises: “At this time, the future is uncertain as discussions are only just commencing with regards to key players such as the current EU nationals in the U.K. and U.K. nationals in EU countries,” she says. “[My] immediate recommendation would be to continue as normal as discussions will take time, and business needs still need to be met.” Until Article 50 of the Treaty of Lisbon is formally triggered, it is difficult to predict exactly how things will unfold.
From 2008 to 2015, approximately 9,000 companies left the state of California, according to site selection consultants Spectrum Location Solutions (VLS). Los Angeles County experienced the most departures. Fewer taxes, less regulation and a lower cost of living elsewhere are driving these relocations. On April 4, 2016, the state of California announced the raising of its minimum wage to $15 per hour, a move that is expected to accelerate the current business exodus. Some companies now view California as hostile to business.
John Lambo, Director, Global Relocation Services, at Paragon Relocation has earned the Worldwide ERC® Meritorious Service Award. The award recognizes Lambo for his hard work and efforts to better the relocation industry as a whole. Lambo’s most recent contribution is an article on Sustaining Corporate Culture During a Group Move,which is expected to appear in the February, 2017 issue of Mobility magazine. An earlier article, Considering Diversity, was also published in Mobility.Both articles address how to design and manage relocation programs to achieve higher level, talent management goals.