Industry Articles

Buying a New Construction Home

Buying your first or next home is one of the most important decisions in your life. The quality of the decision you make will affect you far into the future and may have a positive or negative impact on your life and financial situation. Extensive research and due diligence should go into the process to ensure making the best decision possible. While there are many guides available for buying a new construction home, experience can be the best teacher. This article is written based on firsthand experience and experience helping others while working in the relocation industry.

Relocating Employees & Diversity

The benefits of a more diverse workgroup have been substantiated in a number of studies. Sangeeta Bharadwaj-Badal, lead scientist for Gallup’s Entrepreneurship and Job Creation initiative, notes that a Gallup study of more than 800 business units from two companies representing two different industries found that gender-diverse business units have better financial outcomes by an average of 57 percent over those dominated by one gender. Gender-diverse work groups achieve better financial performance because different viewpoints of men and women lead to better problem-solving, allowing the company to serve an increasingly diverse customer base, and gender diversity also helps companies attract and retain talented women.

Sustaining Corporate Culture During a Group Move

Forbes Magazine introduced contributor Josh Bersin’s article, “Culture: Why It’s The Hottest Topic in Business Today” with the statement that “Culture is the New Black.” The statement summed up the fact that culture, and the way to promote it, change it and retain it, is a top issue at most companies today. Shawn Parr of the consulting firm Bulldog Drummond further states that, “Corporate culture is a hot topic among businesses that want to attract the best talent, translate their values to products and services, and show customers what they’re all about.” A company with a positive corporate culture is a hard won achievement. It should be tended to and nurtured to ensure its continual renewal.

Recruiting Millennials: Lessons Learned from Pokémon GO

Why did I choose to write about recruiting millennials? As of 2015, millennials, those born between 1980 and 2000, represent the largest single demographic in the U.S. workforce. According to the Pew Research Center, the rapid growth of this segment is partly attributable to an increase of college educated foreign nationals immigrating to the U.S. early in their careers. Between 2010 and 2015, almost 50% of new immigrant workers were millennials. The bottom line is your recruiting strategy has to target millennials, just due to their sheer numbers.

Cost Savings & Relocation Policy Design

Balancing the competing initiatives of developing and maintaining competitive relocation or assignment benefits and containing costs is difficult. With an increase in global economic volatility, most notably the economic crisis in South America, Brexit and the price of crude oil, many CFOs continue to look for ways to cut or contain costs. Human resource leaders will be evaluating their relocation service offerings, attempting to save money without negatively impacting recruiting and talent management initiatives. Policy Design is the first place to look when assessing cost saving opportunities for relocation and mobility programs.

The Robbie Report – Relocation Management Companies

We’ve all read the exciting news about large companies relocating their corporate offices to North Texas. This kind of progress brings thousands of new people to the area, providing an extra boost to our already flourishing local economy. These moves also provide an opportunity for companies such as Briggs Freeman Sotheby’s International Realty to lend a hand in the relocation process. It can be complex work, however, of critical importance to companies moving from one part of the country to another. Ginny Taylor is our Senior VP/relocation services. “Best schools and neighborhoods generally drive all relocation purchase decisions,” says Taylor, who has worked in the real estate and relocation industry for nearly three decades. Ginny and her colleagues have developed high quality partnerships with relocation companies assisting employees who are making moves. One of the tops firms that we work with is Paragon Global Relocation. Click here to continue reading.

A Reflection of Needs

The global transformation of business continues to alter workforce mobility patterns with many organizations revising their approach to long-term overseas assignments and shorter-term commuter arrangements, based on geopolitical, macroeconomic, and even demographic factors. As organizations seek advice and assistance to tackle this evolving paradigm of workforce mobility, it is breeding a range of new services. Chief among them is consulting services, data analytics, and benchmarking. Other trends include more boots on the ground in foreign locales, as well on-site personnel at the client facility as virtual extensions of its HR staff.

Reshaping Relocation

At the dawn of the 21st century, the term globalization was used to describe the tearing down of national and organizational borders to create truly global enterprises. Today, this sea change in business is evident in many large companies, with their multicultural workforces stretching across the globe, traveling constantly, and increasingly spending more of their time in far-off outposts on key assignments. In this environment, talent relocation has become strategic-the organization that best deploys the right talent in the right place over the right period of time gains a competitive edge. This strategic imperative is resulting in several key trends that are reshaping the services provided by global talent mobility firms.

A Buyer Value Option with A ‘Sunset Clause?’

As organizations and transferees confront the realities of a slow and uneven housing market recovery, including longer home marketing times and negative equity positions, attaching a “sunset clause” to buyer value option programs can help manage the risks inherent in these properties languishing on the market.

VAT 101 – an Introduction to the Value Added Tax Affecting Relocation Services

VAT or “value added tax” is charged on goods and services purchased by relocation companies and their clients. Many believe that VAT is applicable only in Europe when in fact this tax is common throughout the world. Currently, approximately 145 countries in the world have implemented a VAT or GST system, and the OECD has been known to say that “the spread of Value Added Tax has been the most important development in taxation over the last half-century” (OECD—International VAT/GST Guidelines. Centre for tax policy and administration—February 2006). Because VAT may have a significant financial impact on your business, regardless of its location or whether you are the client or service provider, it is important that managers in the relocation industry have a good un­der­standing of what VAT is in order to avoid any unnecessary costs. Click here to read the Worldwide ERC® introduction to VAT taxes.