Posted on April 15th, 2011 by Mike Morabito
New data from the Worldwide ERC 2011 New Hire Survey suggests that companies are willing to relocate new hires especially if it is for an executive position if the person is a good fit for their organization. The chart below indicates that 93% of companies report that they would relocate New Hire executives within the US.
New Hires are an essential part of a total talent management strategy and often times when the talent needed isn’t available in a certain location companies turn to a Relocation Services company, such as Paragon Relocation, to help their new hire get from point A to point B.
Here are some core elements for a great New Hire relocation policy:
- It should be fair and the benefits should be equal for other New Hires based on salary level to avoid possible discrimination disputes.
- It doesn’t have to be the same policy as existing employees although it can be. (This should be determined by the corporate talent management strategy. How competitive is the search for talent in your industry?).
- As with any relocation policy it should be clear and communicate exactly the benefits that an employee will receive.
- It should detail the process for how the New Hire employee gets relocation expenses paid for. (Are they reimbursed? Direct billed? Are lump sums provided for portions of the relocation?)
- It should detail who is their “go to” contact throughout the relocation process. (Should they contact corporate HR first or their Relocation Consultant first?)
Paragon Relocation has helped many many companies develop their Relocation Policies over the last 20 years. We would be thrilled to help you develop a relocation program based on your needs. Let us know if we can be of assistance!
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Posted on April 1st, 2011 by Mike Morabito
Paragon Relocation has a full schedule of spring exhibitions. We hope that you will join us at the following upcoming conferences and exhibitions:
European Relocation Association (EuRA) Congress 2011
April 14-15, 2011
Palma de Mallorca, Spain
Visit us at Booth D
Institute for Supply Management (ISM) 96th Annual Conference
May 15-18, 2011
Orlando, Florida USA
Visit us at Booth 127
Procurement Leaders Forum
May 24, 2011
Visit us at Booth 14
Procurement Leaders Website
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Posted on March 31st, 2011 by Mike Morabito
(Left to Right) Paragon’s Elaine Martin, Deborah Graham and Joseph Morabito
Paragon Relocation proudly sponsored and exhibited at the recent Worldwide ERC® Global Workforce Summit™, held in Shanghai. Focusing on the significant economic growth projected for Asia-Pacific, Worldwide ERC®’s 9th annual APAC Summit offered delegates the opportunity to listen to subject matter experts discuss and debate a range of mobility topics from legal compliance policies to social and labor relations issues. Over the course of the 2-day summit, delegates had the opportunity to share, network and benchmark with industry peers and suppliers.
Worldwide ERC® is the recognized leader in talent mobility education, research, benchmarking and education. For further information on Worldwide ERC®, please click here.
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Posted on March 19th, 2010 by Mike Morabito
China is on the move.
If you are originally from the West, you might think moving to China is a little bit too exotic for you. But perhaps once you arrived to one of China’s major metropolises you might actually find that it has many of the things which you would find at home to make you feel comfortable, including an English speaking expatriate community to form a support system. However, this may not be the case for China Tier 2 or China Tier 3 cities as specified by the Chinese government which are determined by population size and economic growth potential.
Click here to continue reading.
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Posted on February 24th, 2010 by Mike Morabito
Pulse Points 2010: Trends and Best Practices for Global Mobility Programmes
As relocation volume stabilises and shows signs of a slow, but steady recovery, early indicators suggest 2010 will be a year of programme recalibration. The U.S. housing market continues to struggle. Many practices highlighted in 2009’s Trends and Best Practices report still apply. Strict Home Marketing parameters, use of buyer incentives, and formal loss on sale and negative equity provisions remain. While these benefits will underscore most U.S. domestic programmes, Paragon is choosing to focus on some new themes this year as the impact of “The New Normal” is poised to take center stage.
Pulse Point 1: Due Diligence
As companies and transferees become risk adverse in the “New Normal” environment, Paragon predicts a bias towards more focused due diligence as the initial step in domestic transfers and international assignments.
To continue reading this White Paper, please click here.
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Posted on January 29th, 2010 by Mike Morabito
Consolidation in the relocation industry was an inevitable part of the “New Normal”, which, as predicted by leading economists, sets a new paradigm for doing business after the recent financial crisis. Companies are re-inventing themselves to stay afloat and to ensure future growth. The recent acquisition of Primacy by CARTUS is an indication of this trend.
Clearly, all relocation management companies can handle significantly more relocation volume than is now taking place even considering a modest uptick in volume since last October. This extra capacity in the relocation industry, coupled with the above mentioned acquisition will likely result in more layoffs and office closures over time, as a result of inevitable redundancies., In the long run however, it will ultimately lead to a stronger relocation industry.
When the dust settles in the next 12 to 24 months, there will likely be five or six major, global relocation companies which will serve as a funnel for all supplier services and will likely manage 99% of the world’s relocation and assignment business. As a result, it could be difficult for smaller relocation companies that lack a global footprint to compete because, in the New Normal, most corporate clients will require global relocation services and account management to have a presence in-region, and in the same time zone.
The relocation industry is obviously changing. What made sense for relocation five or ten years ago, may not make sense today because of the New Normal.
In the New Normal, you should consider going out to bid for a new relocation provider, as relocation companies such as Paragon Relocation are offering a growing list of services and new incentives.
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