Category: Corporate relocation tips

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Filing Taxes in Multiple States After Relocating

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Did you move to a new state for a job this past year? Learn about filing in multiple states

Relocating to a new area to pursue a fresh employment opportunity can significantly benefit your professional journey. However, it is crucial to familiarize yourself with the residency regulations of each state beforehand. In certain states, spending a minimum of 183 days within the state automatically qualifies you as a full-year resident.

It’s essential to understand the rules for each state when filing your taxes as a part-year resident. In most cases, wages are considered income from your state. However, other sources of income, such as interest, dividends, and pensions, are typically considered income from your state of residence.

When reporting your income, it’s crucial to remember that some states require you to report all sources of income, just like a full-year resident would. You must include your wages and any other income you may have earned from different states. However, don’t worry, as the tax calculation will consider the income you made as a resident compared to your total income. This means that the amount of tax you owe will be reduced based on the portion of income you earned as a resident.

On the other hand, some states have a different approach. They require you to divide your income between the states before calculating the tax. This means that you will need to allocate your wages and other sources of revenue based on the time you spend in each state. Once you have divided your income, you can then calculate the tax owed for each state separately.

Understanding these rules and regulations can be overwhelming, but it’s essential to ensure that you accurately report your income and pay the correct amount of tax. Suppose you need help with navigating these complexities. In that case, it’s always a good idea to consult a tax professional who can guide you through the process and help you maximize your deductions and credits.

Navigating the intricacies of state tax laws can be a daunting task. However, it is crucial to accurately report your income and pay the appropriate amount of tax to avoid any legal issues. If you find yourself overwhelmed by these complexities, seeking the assistance of a relocation tax professional is highly recommended. They have the expertise and knowledge to guide you through the process, ensuring that you understand the rules and regulations specific to each state. 

A relocation tax professional can also help you identify any deductions or credits you may be eligible for, potentially reducing your overall tax liability. By consulting with a professional, you can gain peace of mind knowing that your taxes are being handled correctly and efficiently. Remember, seeking expert advice regarding something as important as your taxes is always better.

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Corporate relocation tips Domestic Relocation Tips Home Purchase Relocation Best Practices

Preparing for Your Home Finding Trip: A Comprehensive Guide for Assignees

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Real estate agent and businessman customer, Image taken at average residential area with multiple ownership block of flats type of buildings.

Moving for a job? Here’s how to get ready for a house-hunt trip in your new destination

Embarking on a home-finding trip can be both exciting and overwhelming. Whether you’re relocating for a job or personal reasons, preparation is critical to making your transition smooth. Here’s a detailed guide to help you prepare for your trip, covering essential considerations before you leave, activities to engage in, and necessary contacts.

Working with a full-service employee relocation company can be the best route for a transferee assignment as they can provide valuable support and resources. Here are a few things to keep in mind when getting ready for your first home-buying trip:

Before Traveling to Your Destination

1. Visa Status and Requirements

Before you embark on your journey, verify your current visa status. Understanding whether you can leave your current location without jeopardizing your new visa application is crucial. For instance, certain countries have specific exit requirements that could impact your ability to enter a new country later.

Additionally, check if you need a special visa for your destination. Many countries have specific entry requirements; for example, U.S. travelers may require an ESTA, while the UK has introduced a new travel visa that could impact your plans. Don’t forget about potential medical exams or vaccinations needed before you travel.

2. Planning for Your Family

When relocating, it’s vital to consider your family’s needs. Research the destination thoroughly. What are the best neighborhoods for families? Look into transportation options, banking facilities, schools, and shopping areas. Understanding your family’s interests—sports, arts, or outdoor activities—will help you find a community that suits everyone. This pre-trip research will save you time and help your family feel more at home in the new location.

While in Destination

3. Create a Planned Agenda

While you’re in your new destination, having a structured plan will make the most of your time. Collaborate with your Global Mobility Services (GMS) partner to draft an agenda that includes property viewings, neighborhood tours, and essential errands. Consider scheduling meetings with local realtors who can provide insights into the housing market, and take time to visit schools if you have children.

4. Engage in Activities

While your primary goal might be finding a home, explore local culture and amenities. Attend community events, visit parks, and check out family-friendly attractions. This will familiarize you with the area and help you gauge the community atmosphere and how well it fits your family’s lifestyle.

Essential Contacts

5. Build a Support Network

Establish a support network before and during your trip. Contact your assigned relocation coach, realtor, and central office for insights and assistance. Your GMS partner should prepare a list of contacts who can help answer any questions and facilitate a smoother transition. Having reliable resources at your fingertips can ease any uncertainties you may have.

6. Consider Employee Engagement

If your employer allows, consider visiting the office during your trip. This can serve dual purposes: engaging with your new workplace and counting it as a business trip, maximizing the efficiency of your travel. Discuss this option with your employer and see if it aligns with their policies.

Financial and Cultural Considerations

7. Understand Tax Implications

Relocating often brings about tax implications that can vary significantly between locations. Consult with a tax professional who understands the laws of both your current and new home. This will help you avoid surprises and comply with all necessary regulations.

8. Language and Cultural Training

If you’re moving to a country with a different language, consider enrolling in language classes or cultural training. Understanding local customs, etiquette, and primary language skills can significantly enhance your integration into the community and workplace.

9. Security Briefings

Finally, prioritize your safety by obtaining security briefings specific to your new location. Understanding the local environment, potential risks, and safety protocols will help you and your family feel secure and prepared for any challenges.

GMS Can Assist with Employee Relocation

A successful home-finding trip requires thorough preparation and a proactive approach. By considering visa requirements, planning for your family’s needs, engaging with local resources, and understanding the financial and cultural landscape, you can ensure a smooth transition to your new home. Embrace the adventure ahead; with the proper preparation, you’ll be on your way to a successful relocation.

GMS and their expert team of global mobility experts can help any company with employee relocation. We offer tailored solutions that cater to the unique needs of each employee and their family. From finding suitable housing to navigating local schools and healthcare options, GMS is dedicated to making the relocation seamless. Our team understands that moving to a new country can be overwhelming, so they provide comprehensive support every step of the way.

Moreover, GMS informs you about the latest regulations and policies affecting your move. This knowledge is crucial in avoiding pitfalls and ensuring local law compliance. Our commitment to staying updated means you can focus on settling into your new life without unnecessary stress.

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A Detailed Look at Relocation Packages and Costs

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Happy family enjoying their new apartment. They are using laptop and holding apartment contract

Here’s a quick breakdown of expected costs associated with relocation packages

When a company covers the cost of your relocation, they are not just providing financial assistance and a sense of security and support. This is done through a relocation package, which typically includes services such as:

Services include packing, transportation of belongings with transit insurance, payment for truck rental or moving container costs, help with selling and finding a new home, temporary housing, assistance with vehicle shipping, and coordination of international moves.

Employees can receive relocation packages in various ways. One option is a lump sum, where the employee is given a set amount to cover all relocation costs. Another option is reimbursement, where the employee pays for expenses upfront and is reimbursed by their employer after the relocation.

Occasionally, a company may collaborate with a moving service to manage employee moves. This approach is known as direct billing, where the moving company sends the bill directly to the employer for payment.

Certain employers provide tiered relocation packages based on length of service and individual or family circumstances. These packages may include a mix of the services mentioned earlier. It is crucial for employees to thoroughly examine and comprehend the relocation package offered by their employer before making any decisions. Some packages may offer extra perks like temporary housing, assistance with property transactions, or even language and cultural training for international moves. It is advisable for employees to openly communicate with their employer regarding any specific requirements or worries they may have throughout the relocation process. 

 

By working together, the employer and employee can ensure a smooth and successful transition to a new location. Employees should also take the time to research the cost of living in their new location to ensure that the relocation package adequately covers their needs. Considering housing prices, transportation costs, and healthcare expenses is crucial when evaluating the package’s overall value. Additionally, employees should be aware of any tax implications arising from the relocation, such as potential deductions or reimbursements for moving expenses.

In some cases, employees may be able to negotiate certain aspects of their relocation package with their employer. This could include requesting additional benefits or adjusting existing ones to suit their circumstances better. It is essential for employees to approach these negotiations professionally and to communicate their needs and expectations.

Overall, a well-structured and comprehensive relocation package can significantly benefit the employer and the employee. By taking the time to understand the details of the package, communicate openly with their employer, and consider the cost of living in their new location, employees can ensure a successful and stress-free transition to their new home.

What GMS Does to Keep Costs Down

Clients opt for Global Mobility Solutions’ business approach due to its flexibility to them and their transferees. This enables clients to collaborate with top-notch service providers worldwide. Unlike most relocation companies, GMS is independent and not tied to any specific real estate, household goods, or third-party service provider. This independence allows GMS to establish strong partnerships with leading providers globally, who work closely with GMS to meet clients’ needs effectively. The extensive network of partners enables GMS to offer personalized, real-time support to clients, ensuring a smooth relocation process for both the individual and their family.

GMS offers our clients the opportunity to save money by leveraging our provider network and utilizing our Pre-Decision Program. By engaging with clients early in the relocation process, before a final decision is made, GMS can assist in reducing relocation failures, improving job acceptance rates, providing a precise budget, avoiding transferee/assignee rejection, identifying home sale issues, simplifying house hunting trips, and minimizing policy deviations.

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Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Home Purchase

How to Overcome Housing Challenges During Relocation Process

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Happy real estate agent came to a successful agreement with a couple during a meeting in the office.

Learn how to navigate through real estate challenges while relocating for a job

Inventory shortages are still a significant issue in real estate markets nationwide. Buyers often find themselves in bidding wars, pushing prices above the listing price. Many are forgoing property inspections, risking purchasing a home with potential problems that may only surface later. 

This could lead to costly repairs, decreased property value, or issues during resale. Some states have non-refundable due diligence fees, while others require option money. Failing to meet contract requirements in these states can result in financial loss for the buyer. Sellers may prefer offers with fewer contingencies in states with refundable earnest money. Overall, navigating the real estate market in these conditions can be challenging for buyers and sellers alike.

This trend of homeowners staying longer has also been influenced by the uncertainty in the housing market due to the ongoing market changes. With the rise in remote work opportunities, many homeowners opt to stay put and improve their homes rather than go through the hassle of selling and buying a new property. This has further exacerbated the already limited supply of homes on the market.

As a result, potential buyers are facing stiff competition and bidding wars, especially in desirable neighborhoods. The combination of low inventory and high demand has increased home prices, making it even more challenging for first-time buyers to enter the market. Additionally, the increase in interest rates has made it more expensive to borrow money for a mortgage, further squeezing buyers’ purchasing power.

Overall, the current housing market is characterized by high prices, low inventory, and increased competition, making it a challenging environment for buyers and sellers. It remains to be seen how these trends will evolve in the coming months as the economy continues to change.

Why It’s Important to Work with an Agent Who Specializes in Relocation

Relocation management companies (RMC) recommend that relocating employees choose an agent from their approved real estate network. This ensures that the agent is knowledgeable about relocation policies and understands the intricacies of the moving process. By doing so, the relocating individual can make the most of the benefits offered through the home-sale program. Those who follow their company’s designated home sale program typically sell their homes faster, experience less stress during the move, and are prepared to start their new job upon arrival. 

By utilizing your home sale program provided by an RMC, the primary contact at your relocation company can manage the complete moving process for you – from the evaluation of your relocation needs to the transportation of your belongings and, ultimately, the completion of the sale of your home. Furthermore, relocation real estate firms will provide you with a list of potential agents to consider before making a decision, empowering you to make the final choice.

Real estate agents who lack experience in the relocation process may need to be more proactive, skilled in maximizing savings and profits, or knowledgeable about effectively utilizing relocation benefits. Their lack of understanding of corporate relocation procedures could delay selling your home.

Work with GMS to Overcome Relocation Challenges

Our Global Mobility Solutions (GMS) team has years of experience handling corporate relocations and understands the intricacies of selling a home during this process. We have a network of trusted real estate agents who are experts in relocation transactions and can help you navigate the entire process seamlessly.

By working with GMS, you can rest assured that your home sale will be handled efficiently and effectively, maximizing your savings and profits. Our team will work closely with you to ensure you fully understand all the relocation benefits and how to maximize them.

Do not let inexperience or a lack of knowledge about relocation procedures prevent you from selling your home. Contact us today to speak with one of our relocation specialists, who can provide you with the guidance and support you need to sell your house successfully during a corporate relocation. We are here to help you every step of the way.

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Buy a Home Corporate Relocation Corporate relocation tips Global Mobility Home Purchase Relocation Challenges

The Benefits of a Preferred Relocation Real Estate Agent

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When meeting with the young family at the house showing, the mid adult female real estate agent reaches out to shake hands with the mid adult husband.

Pros of Using a Preferred Relocation Real Estate Agent

If your current employer has offered you a new position in a different city or state, or if you are accepting a new job in a new location, you probably have dozens of questions about the relocation process and how it works. Like most relocating individuals, one of the most prominent questions is most likely the concern about selling your home. 

Many transferees who are getting ready to move (or those still weighing options with an offer) often wonder if they are on their own for selling their house or if the corporate relocation company their employer is partnering with will do that. Going a level deeper, those moving then wonder if they are in charge of hiring their real estate agent. 

The answer to that question is simple: you have the power. Many relocation policies offer support when it comes to home-selling assistance. If home selling assistance is one of your relocation benefits, it is an excellent idea to capitalize on that. Now the question becomes, should I use a friend or family member to sell my home or be assigned a specialized relocation real estate agent? While many transferees may want to go with the first option, allowing the relocation specialist to handle the sale might make more sense. Here’s why:

Using an Experienced Relocation Real Estate Agent

Many relocation companies urge the relocating employee to select an agent from their vetted real estate network. They can then guarantee that the agent is familiar with relocation policies and will know the nuances of the relocation process. This will ensure that the transferee maximizes their benefits by taking advantage of every aspect of the home-sale program. Transferees that stick with their company’s established home sale program commonly sell their homes more quickly, arrive at their destination less stressed, and are ready to work. 

Leveraging your company’s home sale program, your relocation company’s point of contact can coordinate the entire move process for you—from the relocation appraisal to the moving of your household goods and, finally, the end of the sale of your property. Additionally, relocation real estate companies will recommend multiple agents for you to interview before deciding, placing you in control.

Real estate agents who are not experienced with the relocation process might not be as active, know how to maximize savings and profits or understand how to utilize relocation benefits properly. If they need more understanding of how corporate relocation processes work, this will slow down the sale of your home.

Out-of-Network Fees

In addition to the valuable experience that a vetted relocation-specialized agent can provide, it is better to use a relocation company’s agent because many relocation companies charge sizable out-of-network or referral recovery fees when agents outside their networks are utilized. Many companies state in their relocation policies that using an authorized agent is mandatory to receive your benefits. In this case, you will not be able to benefit from specialized home sale programs designed to help you sell as quickly as possible, for as much as possible.

Get the Most Out Of Relocation Real Estate Benefits

Selling your home is just one of the first steps to take for a successful relocation for you and your family. That is why working with relocation specialists who know how to get you the best deal possible for your home is vital. If you have any questions about relocation real estate benefits or need to contact a vetted agent who can guide you through the process, don’t hesitate to contact us online today. One of our team members will reach out to assist you with your questions.

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Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends

How Spousal Support and Family Services Affect Relocation Decision-Making

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The success of a relocation heavily depends on the happiness of the relocating employee and their family

The “spousal assistance” benefits have evolved from a small aid to a powerful support system. Companies now understand the importance of the well-being of both employees and their families in a successful relocation. This once-overlooked perk has become a valuable tool for personal and professional development. 

Employee and family assistance has become a must-have component in corporate relocation services by providing support that boosts confidence, helps overcome challenges, and reduces stress about the move. It is no longer an afterthought but a crucial component that can make a significant difference in the success of a move.

In the past, companies have seen corporate moves as simply moving an employee from one place to another as efficiently and inexpensively as possible. The concept of providing job search help for spouses, now known as “spouse assistance,” became popular in the 1980s. However, this support was usually only given to those spouses or partners who specifically requested it or even insisted on it.

In recent years, significant discussion has concerned the employee experience in the industry. However, policies have mostly stayed the same, and financial resources must be expanded.

In the current competitive job market, with a renewed emphasis on health and environmental responsibility following the pandemic, employers are reconsidering the concept of employee relocation. Instead of viewing it as a work-related change, companies recognize that moving affects every aspect of an individual’s personal and professional life. It is essential to acknowledge that employees are people first and foremost, and their well-being should be prioritized. This shift in perspective leads to a reassessment of how the relocation sector can better assist employees and their families during the moving process.

“spouse assistance” has transformed into “employee and family assistance,” enabling companies to support the overall well-being of the entire household proactively. This approach ultimately helps employees thrive in their new roles.

This shift in perspective recognizes the importance of considering the holistic needs of employees and their families when it comes to relocation. By supporting the employee and their spouse and children, companies can create a smoother transition and help ensure the employee’s overall well-being and productivity in their new location.

Employee and family assistance programs may include services such as helping spouses find employment in the new location, providing resources for children to adjust to a new school, offering counseling services for the entire family to cope with the stress of moving, and even assistance with finding housing and settling into the new community.

By taking a more comprehensive approach to relocation support, companies can demonstrate their commitment to the well-being of their employees and their families. This helps with employee retention and satisfaction and contributes to a positive company culture that values its workforce’s personal lives and happiness. Ultimately, investing in the well-being of employees and their families during a relocation can lead to tremendous success and productivity in the long run.

What GMS Does to Help Provide Spousal and Family Support Services

Offering a comprehensive array of career assistance and additional tools for transferees and their families is crucial for ensuring smooth relocations. The seasoned professionals at Global Mobility Solutions (GMS) possess the skills and know-how needed to aid your company in evaluating potential candidates for assignments and offering top-notch relocation services for employees and their loved ones.

Our team at GMS understands the importance of supporting the transferee and their family during the relocation process. We offer various services such as spouse career support, school search assistance, and settling-in services to ensure the entire family feels supported and comfortable in their new location. By providing comprehensive support to the employee and their family, we can help reduce stress and increase the likelihood of a successful relocation. Contact us today to learn more about how GMS can help provide your employees spousal and family support services.

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Choosing a Relocation Company Corporate Relocation Corporate relocation tips Domestic Relocation Trends Global Relocation Trends

Things to Consider When Planning a Group Move

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Three young Indian businesspeople working together and having fun while doing it.

Relocating multiple employees at once can be challenging; here’s what to know

Effective project management and control are crucial for a successful group relocation. Addressing all the different components involved is essential to ensure a smooth corporate move. Uncertainties can lead to issues and disarray, resulting in crucial tasks needing to be addressed.

Working with a relocation management company (RMC) specializing in international relocation and domestic moves can vastly help improve the employee process. Just handing employees a check to cover moving expenses can lead to a flawed relocation process for the transferee and the employer.

Knowing the Difference Between a Group Move and One-off Relocation

Typically, a corporate transfer refers to the relocation of an individual employee to a foreign country. However, the growing demand for international workers has led to an increase in large-scale corporate relocation projects. This poses various challenges for in-house HR professionals managing such moves.

Moving a group of people has numerous distinctions compared to relocating an individual worker. Every aspect of the process is magnified. Previously, you would have overseen the relocation of a single person, which involved tasks such as shipping, immigration procedures, cultural assimilation, providing support to their family, and more. Now, you must handle the same components but for multiple staff members.

You must also consider additional factors regarding corporate relocation. A collective relocation could involve a whole department or even an entire company. It might be necessary to obtain extra office space in foreign countries, transport office equipment, and get clearance permissions from customs and immigration authorities.

Here are some factors to keep in mind when executing a group move

  1. Communication: Clear and effective communication is critical to a successful group relocation. Ensure that all employees are informed about the move, including its reasons, the timeline, and any changes that may affect them. Encourage open dialogue and address any concerns or questions promptly.
  2. Budgeting: Moving multiple employees can be costly, so it’s crucial to establish a realistic budget. Consider expenses such as transportation, accommodation, and necessary equipment or resources. It’s also wise to allocate some funds for unexpected costs that may arise during the relocation process.
  3. Logistics: Careful logistics planning is crucial to avoid disruptions or delays. Determine the most efficient way to transport employees and their belongings, whether hiring a moving company or arranging company vehicles. The new location must also have the necessary infrastructure and facilities to support the employees’ work.
  4. Employee Support: Relocating can be a stressful experience for employees, so providing support is essential. Offer assistance finding suitable housing, schools for their children, and any other necessary services in the new location. Consider organizing orientation sessions to help employees acclimate to their new surroundings and foster a sense of community.
  5. Legal and Administrative Considerations: Depending on the nature of the move, there may be legal and administrative requirements to fulfill. Ensure compliance with local laws and regulations, such as obtaining work permits or visas for employees moving to a different country. Additionally, employee contracts and benefits packages should be updated to reflect any changes resulting from the relocation.
  6. Time Management: Planning a group move requires careful time management. Create a detailed timeline that outlines all the necessary tasks and deadlines. Assign responsibilities to team members and regularly monitor progress to ensure everything stays on track. Be prepared to adapt the timeline if unexpected challenges arise.

Considering and addressing these factors can increase the chances of a successful group relocation. Remember, effective management and attention to detail are vital in minimizing disruptions and ensuring a smooth transition for all employees involved.

Why You Should Work with GMS for Group Moves

Global Mobility Solutions (GMS) is the global mobility industry leader regarding group moves. We assist clients in providing a seamless relocation process for their employees and their families. Our dedicated team of professional moving specialists can ensure your employees get from point A to point B on time while keeping company costs in check. 

There is no assignment we cannot handle. The GMS team can help with international relocation needs and domestic moves for employees and their families. If you plan to move a group of employees in the next 12 to 14 months or have other relocation questions, please contact us today to set up a free call with one of our business development managers. 

A GMS representative will reach out to you, listen to your thoughts and needs regarding relocation assignments, and then help you map out the best action to tackle those needs.

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Companies That Care About Employee Benefits Invest in International Relocation Services

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Young father and his cute small daughter having fun with digital tablet on couch.

Don’t let your company start on the wrong foot with new employees; here’s why providing international relocation services is important

If you are a human resources executive or hiring manager, you should know how hard it is to interview and hire for open positions. Often, it can take months just to get enough interviews on the books in hopes of finding one qualified candidate. But did you know that opening your job search to those in different states and other countries can get you more qualified candidates faster? 

In many cases, HR managers will try to fill the role with applicants who live locally. Widening the search gives you a better chance of getting the right person in the right seat. Conversely, the company must offer relocation assistance to get an employee to move for a job. 

If your company doesn’t offer international relocation services, don’t worry. At Global Mobility Solutions, we hear daily about companies declining to provide relocation benefits to new employees. However, offering relocation services has many advantages.

Main Advantages of Employee Relocation Benefits

One of the main advantages of offering relocation programs is that it allows your company to tap into a larger talent pool. By opening up your job search to candidates from different states and countries, you are no longer limited to the local talent pool. This means you can access broader skills, experiences, and perspectives.

Additionally, offering employees relocation options can be a significant selling point for potential candidates. Many job seekers need some form of financial support to move. By providing relocation services, you show candidates that you value their talent and are willing to invest in their success.

Moreover, offering global mobility services can also help with employee retention. Moving to a new city or country can be a daunting experience, and having support from the company can make a big difference. By assisting with finding housing, navigating the local area, and settling in, you are helping your employees feel more comfortable and supported in their new environment. This, in turn, can lead to higher job satisfaction and increased loyalty to the company.

Offering Moving Assistance Shows Your Company Cares; Opens Talent Pool

Furthermore, offering international relocation benefits can also enhance your company’s reputation. Word spreads quickly in the job market, and if your company is known for providing relocation assistance, it can attract top talent looking for opportunities to grow and develop in their careers.

While it may require some investment upfront, offering relocation services can bring numerous benefits to your company. From accessing a larger talent pool to improving employee retention and enhancing your company’s reputation, the advantages far outweigh the costs. So, consider expanding your job search and providing relocation aid to attract the best candidates and ensure the long-term success of your organization.

By covering some of the relocation costs, you can prove to new and current employees that the company cares about the culture and has the right person in the right seat. 

Many individuals find relocating for a job daunting. The thought of uprooting their lives, finding a new home, and adjusting to a new environment can be overwhelming. However, when a company offers relocation assistance, it not only eases the burden on the employee but also demonstrates a commitment to their well-being and success.

One key advantage of providing global mobility programs to employees is the ability to tap into a larger talent pool. By expanding the job search beyond local candidates, companies can attract highly skilled individuals from different regions or countries. This opens possibilities and allows for a diverse workforce with unique perspectives and experiences.

Moreover, offering these moving programs can significantly improve employee retention. When employees feel supported during the transition, they are more likely to stay with the company for the long term. Relocation can be a significant life change, and knowing that their employer is invested in their success can foster loyalty and commitment.

Additionally, providing relocation services can enhance a company’s reputation. Word-of-mouth travels fast, and when employees share positive experiences about their relocation process, it can attract top talent. Potential candidates will see the company as one that values its employees and is willing to go the extra mile to ensure their happiness and growth.

Of course, offering relocation benefits has costs. However, the benefits far outweigh the initial investment. By covering some relocation expenses, companies show that they care about their employees’ well-being and are willing to invest in their success. This can create a positive company culture and foster a sense of belonging among employees.

In conclusion, providing employee relocation programs is a strategic move for any company looking to attract and retain top talent, Expand job search, and offer support during the move. Companies can access a larger talent pool, improve employee retention, enhance their reputation, and ensure their organization’s long-term success. So, don’t hesitate to invest in relocation services and show your employees they are valued team members.

Reach Out to GMS to Discuss International Relocation Benefits for Employees

Contact GMS today if you are ready to start providing your employees with cost-efficient and comprehensive international relocation services. Our team specializes in assisting companies in setting up first-time global mobility services for new employees. The best way to widen your talent pool for your job searches is to take in applications from all over. GMS can help set you up for hiring success

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Properly managing a visa and immigration program involves meticulous coordination, precise communication, and worldwide interaction with government agencies, corporate personnel, and relocating employees.

At GMS, we provide you with peace of mind in knowing your mobility program is fully compliant and being managed by the best in the industry.

Request a no-pressure, courtesy consultation from a GMS Mobility Pro. We’ll be in touch within 1 business day.

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What Is Corporate Housing?

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Europe modern complex of residential buildings. And outdoor facilities.

A Deeper Look at Short-Term Corporate Housing Benefits

For quick 1-3 night work trips, many companies will offer employees hotel accommodations. Simple and typically supported by business-friendly amenities, hotels are great for meetings that require traveling. But what about work assignments that last weeks or months? What about employees accepting relocation offers to a new city or state? Are there options that the company can provide them? 

Corporate Housing options are intended for employees on extended trips or for employees who are relocating alone or with their families. Additionally, extended corporate housing benefits are being used to help employees between homes due to the robust housing market in 2024. 

Corporate housing, also known as short-term housing, is a temporary living accommodations network provided by the employee’s company that offers houses, condos, or apartments for the duration of the employee’s assignment or final move. Leases on these properties are typically contracted for 30, 60, or 90 days. 

Typically, corporate housing offers fully equipped apartments with a fully stocked kitchen, a complete bathroom, and standard appliances. In more unusual cases, single-family houses may be provided for relocation purposes. Alternative terms for corporate housing encompass short-term accommodation, business housing, executive flats, serviced apartments, and temporary lodging.

Corporate Housing vs Rental Properties

The primary difference between short-term corporate housing options and typical rental homes or apartments is that corporate housing is provided to employees as a part of their relocation or assignment benefits package. Common rental properties are typically not covered as part of the company policy. 

For companies with a large volume of employees consistently relocating to the exact location for longer than 30 days, working with a relocation services management company (RMC) could be beneficial. An RMC can broker contracts with a landlord or apartment complex to maintain a predictable long-term rate and consistent availability. This can be more advantageous as the company can cycle relocating or traveling employees through the properties as they move or report for assignments.

Who Uses Corporate Housing Options?

Companies with employees whose work assignments last 30 or more days typically take advantage of corporate housing. A primary reason is comfortability, as corporate housing creates a more at-home feeling to help keep employees focused. However, with the current real estate trends, more companies are shifting towards offering short-term housing options for relocating employees who need extra time to sell or purchase a suitable home.

The perks of corporate housing also offer various benefits to employees who are being transferred. To begin with, these advantages are often part of their employer’s relocation policy, meaning that the company pays for them. This helps alleviate the financial pressure on the employee. Furthermore, staying in temporary accommodation enables the relocating individuals to concentrate on familiarizing themselves with their new city and its environs before they endeavor to buy their own property. Lastly, corporate housing facilitates a transitional period for the relocating employees and their families, allowing them to adjust to the changes that come with moving.

For example, an employee who has to report on a specific start date can do so while staying in corporate housing. As the employee works at their new destination, the family can finish the school year, prepare their property for sale, or oversee the shipment of their household goods before rejoining the spouse/partner. This transitionary period is critical in ensuring the relocation is as stress-free as possible for everyone it impacts. 

Furthermore, a transferee’s residence often sells rapidly in a thriving real estate market, leaving the employee with scarce options and a fiercely competitive market at their intended location. This can pose challenges for the buyer in swiftly acquiring a new home, prompting the family to seek temporary accommodations to bridge the gap. In the present real estate landscape, providing temporary housing perks and extensions in such circumstances is increasingly customary.

Industries & Job Types That Commonly Utilize Corporate Housing

While temporary housing is used by a broad range of organizations with relocation programs, the following are more common examples of industries and job types that utilize these benefits:

  • Healthcare – traveling nurses, doctors, and specialists 
  • Energy – oil and gas company employees
  • Military – those on temporary duty assignment (TDY) or performing a permanent change of station (PCS)
  • Finance and banking – commonly auditors on assignment
  • Technology – IT professionals on projects
  • Retail – Trainees and managers supporting store expansions
  • Entertainment – stage crew and performers

Primary Benefits of Corporate Housing

As discussed, corporate housing offers both the company and the employee a solution regarding price and ease of transition. Additionally, the company has multiple employees coming and going from a specific city. In that case, it provides peace of mind knowing that they will have living accommodations available for their employees who are relocating or are on assignment. 

Risk mitigation is an additional benefit of corporate housing. Companies who contract with corporate housing facilities know the property is safe and secure and provide priority coverage for the employee if something goes wrong. 

For example, if an employee finds that an appliance is not working, that the plumbing has issues, or that there is an electrical problem, the property management team is there to handle it. Conversely, suppose employees are left on their own to rent temporary accommodations. In that case, they and the company are exposed to unnecessary risk, as there are no guarantees that the problem can be fixed promptly.

How to Learn More About Short-Term Housing for Employees

Corporate housing options can benefit all parties involved when it comes to relocating a job assignment, for both the company and the transferring employee. However, it is important to note that temporary housing benefits should be specified in the company’s relocation policies. Working with a full-service global mobility solutions team, like GMS, can help assure your corporate housing policies are clear and concise. Additionally, GMS offers relocation coaching to relocating employees to guide them on their journey and maximize their relocation benefits. Contact us today with any questions about corporate housing solutions or relocation needs.

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Benefits of Expanding Hiring into LATAM

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Here are some tips for expanding business and hiring efforts in LATAM markets

Statista reports that Chile, Mexico, Puerto Rico, Colombia, and Costa Rica are the leading Latin American nations for quickly conducting business. The benefits of venturing into the LATAM market are the continuously growing consumer base and advantageous time zones.

Latin America holds immense technological potential and is considered one of the most promising emerging economies. It rapidly evolved into a global center for technology and IT services, with numerous untapped opportunities. The region still faces several inefficiencies, making it an ideal market for finance and tech companies to introduce innovative solutions and address local challenges. This scenario is particularly advantageous for startups looking to establish their presence and make a significant impact. 

The Latin American market offers excellent opportunities for B2C companies due to its many consumers, particularly in Mexico and Brazil. Even a relatively low-priced product has the potential to generate substantial revenue in this densely populated region.

What’s the Workforce Like in LATAM Markets?

Latin American markets have many proficient workers, particularly in technology. In 2022, there was a significant demand for software engineers, developers, and marketers from Argentina, with the United States being one of the primary countries recruiting them. Apart from possessing these technical skills, employees from Latin America typically have fluency in at least two languages, commonly Spanish and English, and occasionally Portuguese. This linguistic ability provides them with enhanced opportunities to tap into emerging markets.

Accessing the vast talent pool in Latin America allows you to tap into a diverse range of skilled professionals. It provides the chance to acquire this talent at a budget-friendly rate, which can result in reduced expenses for your company while ensuring that you can provide competitive and enticing remuneration packages to the local workforce.

The convenient time zones are another advantage of this workforce. The region’s proximity to the United States and Europe can benefit companies looking to maintain strong connections with these important markets. Latin America is ideally situated for collaboration with companies based in the US and Canada, and it has a significant time zone overlap with most European countries.

Legal and compliance challenges in LATAM

One of the key considerations when entering the Latin American market or hiring talent from the region is understanding the legal and compliance challenges that may arise. Each country in Latin America has its own unique set of laws and regulations, which can vary significantly from those in the United States or Europe.

Navigating these legal and compliance challenges can be complex, but it is essential to ensure that your company operates within the boundaries of the law. This includes understanding local labor laws, tax regulations, intellectual property rights, and data protection laws.

Working with local legal experts who have a deep understanding of the region’s legal landscape can be invaluable in helping your company navigate these challenges. They can guide you on structuring contracts, complying with local regulations, and protecting your company’s interests.

Additionally, it is vital to stay current with any changes in Latin America’s legal and compliance landscape. Laws and regulations can change frequently, and failing to stay informed can result in costly penalties or legal disputes.

Another challenge is the cultural differences that may impact your business operations in Latin America. Each country has unique cultural norms and business practices, and understanding and respecting these differences is crucial for building successful relationships with local partners, clients, and employees.

Language barriers can also pose a challenge, especially if your company needs employees fluent in Spanish or Portuguese, the predominant language in the region. Hiring local talent who can bridge this language gap can be beneficial in overcoming this challenge.

Despite these challenges, the opportunities Latin America offers for businesses are vast. By understanding and addressing the legal and compliance considerations and cultural differences, your company can successfully navigate the Latin American market and tap into its potential for growth and success.

But beware of the absence of regulations: Remote work is still a relatively recent concept in Latin America, resulting in a need for more clearly established laws. To successfully expand a business to this region, it is crucial to have access to expert guidance and local insights to address uncertainties about optimal employment and payment structures.

Will the Culture Difference Come Into Play?

Additionally, it is crucial to consider cultural differences and preferences when expanding a business to Latin America. Latin American countries have a strong sense of community and personal relationships, greatly influencing business interactions. Building trust and establishing personal connections with local partners and clients is crucial for success.

Furthermore, adapting to local business practices and customs is essential. Latin American countries often have a more relaxed approach to time management and deadlines than other regions. Flexibility and patience are crucial when dealing with bureaucratic processes and negotiations.

Moreover, understanding the local labor laws and regulations is vital to ensure compliance and avoid legal issues. Each country in Latin America has its own set of labor laws, which can vary significantly from those in other regions. Seeking legal advice and partnering with local experts can help navigate these complexities.

Flexible options that cater to local preferences are essential for payment models. Cash payments are still widely used in many Latin American countries, so providing alternative payment methods, such as mobile wallets or local payment processors, can greatly facilitate transactions.

Lastly, investing in local talent and providing training opportunities can significantly benefit the business. Latin America has a young and dynamic workforce, and by nurturing and developing local talent, companies can tap into their potential and drive growth.

In conclusion, expanding a business to Latin America requires a deep understanding of the local culture, language, and business practices. By embracing these differences and investing in local relationships, companies can overcome challenges and thrive in this vibrant and promising market.


Contact GMS today for more information on expanding your workforce or business in LATAM markets. Our relocation experts monitor markets worldwide and would love to answer any questions or concerns you may have about relocating an employee to or from a Latin American country.

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