Category: Employee Development

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Enhancing Relocation Success: The Role of HR and Supply Chain Managers in Selecting the Right Management Companies

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In today’s fast-paced global market, businesses often need to relocate employees. This can happen for many reasons, like tapping into new markets or retaining talent. However, relocating employees isn’t always simple. It can be complicated and often requires a strong partnership between Human Resources (HR) and Supply Chain Managers. Together, they can choose the right Relocation Management Companies (RMCs) that meet both the business’s goals and employees’ unique needs.

This post explains how HR and Supply Chain Managers can effectively team up to find and work with RMCs. This collaboration aims to create a smooth relocation experience for everyone involved.

Understanding the Role of Human Resources in Relocation

HR and Talent Management professionals are at the heart of addressing the needs of relocating employees. In addition to primary duties, they are often called on to make sure the relocation process is efficient, supportive, meeting budgetary requirements, and the relocating employees’ needs. Here are some key responsibilities HR and Talent Management professionals, when it comes to relocation

  1. Employee Relocation Support: HR provides support to employees and partners with the preferred Relocation Management Company (RMC), who is responsible for coordinating in-scope services on behalf of the company. HR and Talent Management professionals are often responsible for managing the RMC relationship.
  2. Policy Development: HR partners with the RMC to revise or create clear relocation policies. For example, in a recent survey, 78% of employees stated that understanding relocation benefits upfront made them feel more confident about relocating, underscoring the importance of a right fit policy approach.
  3. Budget Management: Working alongside the RMC, HR and Talent Management professionals often work with internal stakeholders to set a clear budget for relocation costs, keeping spending in check and avoiding surprises later.
  4. Talent Retention: A well-managed relocation process can lead to increased employee retention rates, making it essential for HR and Talent Management professionals to focus on getting it right. Oftentimes, HR and Talent Management professionals leverage pre-decision or hire services to assist in validating each candidate for relocation, so costs, roadblocks and needs are fully understood prior to investing in a relocation transfer.

By grasping these responsibilities, HR and Talent Management can communicate effectively with Supply Chain Managers about employees’ needs during the selection of RMCs.

The Role of Supply Chain Managers in Relocation

Supply Chain Managers are often responsible for ensuring that the purchasing of the relocation services that align with the companies identified goals and objectives for growth, cost-containment, process and more. Their key responsibilities include:

  1. Vendor Selection: They assess and choose RMCs based on their experience, reputation, and how well they fit the company’s needs.
  2. Cost Management: Supply Chain Managers study costs from various RMCs and negotiate contracts to get the best deal for the organization. For instance, an effective strategy might lead to savings of up to 30% on relocation costs.
  3. Process Optimization: They aim to streamline relocations, keeping operations efficient and minimizing disruptions. This focus can lead to cycle time reductions and efficiency savings.
  4. Risk Management: They partner with internal stakeholders to identify potential risks in the relocation process and formulate strategies to tackle them. This can significantly decrease relocation-related issues.

Working closely with HR and Talent Management enables Supply Chain Managers to select RMCs that meet logistical needs while also considering employee satisfaction.

The Importance of Collaboration Between HR, Talent Management and Supply Chain Managers

Collaboration between HR, Talent Management and Supply Chain Managers benefits the organization in various ways:

  1. Holistic Approach: By teaming up, HR, Talent Management and Supply Chain Managers can look at relocations from all angles, making decisions that satisfy both logistical and employee needs.
  2. Enhanced Communication: Strong collaboration fosters better communication. This ensures that everyone involved— from employees to leadership—stays informed throughout the relocation process.
  3. Improved Decision-Making: Working together allows for a thorough evaluation of potential RMCs. This kind of joint decision-making leads to choices that effectively serve the organization and its employees.
  4. Increased Efficiency: Collaborating makes it easier to address challenges quickly, reducing delays and improving the relocation experience.

Common Criteria for Selecting Relocation Management Companies

When choosing RMCs, HR, Talent Management and Supply Chain Managers should consider a few essential factors:

  1. Experience and Expertise: RMCs should have a solid track record, especially in regions relevant to the organization. For instance, if a company is expanding to Asia, choosing an RMC with experience in that market is crucial.
  2. Service Offerings: The range of services provided matters a lot. Some RMCs offer detailed destination services, home finding, and even cultural training — all of which can make a smoother transition for relocating employees.
  3. Technology and Tools: RMCs that use advanced tools and technology can improve the relocation experience. For example, integration, flexible automated workflows, real-time tracking and AI features can keep employees informed about their relocation status.
  4. Cost Structure: Understanding how RMCs structure their pricing helps in creating and sticking to budgets. Transparency in costs is essential for smooth financial management.
  5. Customer Service: The level of support employees get during their relocation is critical. RMCs must be responsive and attentive to employee needs to ensure a positive experience.

Engaging with Relocation Management Companies

After identifying suitable RMCs, it’s time to engage with them effectively. This typically includes:

  1. Request for Proposal (RFP): HR, Talent Management and Supply Chain Managers should send out an RFP, clearly laying out the organization’s needs and expectations.
  2. Interviews and Presentations: Conducting interviews with potential RMCs allows the team to gauge their capabilities and cultural fit.
  3. Site Visits: If possible, visiting the RMC’s operations can be a great way to understand their processes and capabilities directly.
  4. Reference Checks: Checking references from other companies that have used the RMC can help validate their effectiveness and reliability.

Building a Long-Term Partnership with RMCs

Choosing the right RMC is just the first step. Building a long-lasting relationship is vital for ongoing success. Here are a few ways to achieve this:

  1. Regular Communication: Keeping communication open ensures that both organizations are aligned on expectations, and any issues can be dealt with quickly.
  2. Performance Evaluation: Regularly assessing how well the RMC performs can highlight areas that need improvement, helping refine processes further.
  3. Feedback Mechanisms: Creating a way for relocating employees to share their experiences can provide valuable insights into how effectively the RMC is meeting their needs.
  4. Continuous Improvement: Collaborating with RMCs to enhance processes yields better relocations and happier employees.

Ready to work with GMS?

The partnership between HR, Talent Management and Supply Chain Managers is critical for the effective selection of Relocation Management Companies. By working together, these departments can ensure that relocations are efficient and meet the unique needs of employees.

Navigating the complexities of employee relocations requires strong partnerships with RMCs. By focusing on communication, collaboration, and continuous improvement, organizations can create seamless relocation experiences that benefit both the company and its employees

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Making Every Relocation Count: GMS Partners with Plant With Purpose

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At Global Mobility Solutions (GMS), we believe relocations should do more than move employees from one destination to another—they should also make a positive difference. That’s why we’re proud to highlight our partnership with Plant With Purpose, a global nonprofit dedicated to environmental restoration and community empowerment.

Through this collaboration, GMS makes charitable donations on behalf of our clients, directly supporting large-scale reforestation and sustainable development projects worldwide. To date, we’ve contributed to preservation and planting efforts that have helped save more than 43 million trees. It’s one more way we’re reinforcing our commitment to providing corporate relocation services that benefit not only clients and employees, but also the planet.

Why This Partnership Matters

When companies invest in global mobility programs, their primary focus is often employee support, logistics, and compliance. At GMS, we take it a step further by aligning each relocation with a broader purpose. By working with Plant With Purpose, every employee move supported by GMS helps to:

  • Restore ecosystems impacted by deforestation.

  • Strengthen rural communities through sustainable livelihoods.

  • Support sustainable relocation practices that benefit future generations.

As GMS President Paul De Boer puts it:

“Our partnership with Plant With Purpose is one of the most meaningful ways we can give back. At GMS, we believe that every relocation should not only support the success of our clients and their employees but also leave a positive impact on our world.”

Relocation With Purpose

Being a global partner of Plant With Purpose reflects our mission to provide tailored global mobility programs that empower businesses and their people—while fostering environmental responsibility. Every relocation we manage is an opportunity to support our clients’ goals and contribute to a healthier, more sustainable planet.

As a leader in corporate relocation services and technology, GMS remains dedicated to supporting initiatives that extend beyond business as usual. With the help of our clients and our partnership with Plant With Purpose, we’re showing how global mobility solutions can be a force for good—helping employees thrive, businesses succeed, and communities and ecosystems flourish.

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A Detailed Look at Relocation Packages and Costs

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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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The Role of Mobility Consulting in Modern Businesses

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Successful relocations involve logistics and setting employees up for success in a new location. This is where mobility consulting in modern businesses gains immense value. Mobility consulting addresses each stage of relocation with a hands-on approach, seeing that nothing is overlooked and every employee’s needs are fully met. Mobility consultants are there to navigate complex visa procedures, coordinate housing, and even provide local support. As a result of their dedication and expertise, businesses save on costs, reduce employee stress, and ensure that talent is ready to thrive from day one. Let’s dive deeper into how mobility consulting transforms relocation into a strategic asset for businesses and employees.

What is Mobility Consulting?

Mobility consulting refers to the specialized services that help businesses manage employee relocations effectively.

Mobility consultants work with organizations to develop tailored relocation policies aligning with company goals and employee needs.

These experts bring a wealth of knowledge to the table, covering:

  •       Legal compliance
  •       Tax implications
  •       Cultural training
  •       Local market insights
  •       etc.

Their role is crucial in today’s global workforce, where companies often face diverse regulations and employee expectations.

Benefits of Mobility Consulting for Businesses

Mobility consulting brings several benefits that can significantly enhance your relocation strategy.

Enhanced Efficiency

Mobility consultants streamline the relocation process, allowing your HR team to focus on strategic initiatives rather than getting bogged down in logistical details. With their expertise, relocations can be completed more quickly and smoothly, minimizing employee downtime.

Cost Reduction

Navigating relocations without expert guidance can lead to unexpected expenses. Mobility consultants help identify cost-saving opportunities, such as negotiating better rates with service providers and optimizing relocation packages to fit within budget constraints.

Improved Employee Experience

A positive relocation experience sets the tone for an employee’s new role. Mobility consultants ensure employees receive personalized support, from finding suitable housing to connecting them with local resources. By handling these details, you can make it easier on your employees during a potentially stressful time and boost employee morale and retention.

Increased Flexibility

As business needs change, so do relocation requirements. Mobility consultants offer flexible solutions that can adapt to different circumstances, whether short-term assignments or permanent moves.

The Role of Mobility Consulting in Modern Businesses: Where Does It Make an Impact?

Mobility consulting plays a massive role in several areas of the relocation process, offering targeted support that makes relocations easier to bear.

Here’s a closer look at the areas where mobility consulting has a direct impact.

Workforce Mobility

Mobility consultants develop strategies that cater to the needs of a mobile workforce. They create frameworks that ensure each relocation aligns with your company’s policies while addressing the needs of each employee. By focusing on mobility as a business strategy, consultants help companies respond swiftly to new market opportunities.

Mobile App Development

Mobility consultants also often assist with implementing digital tools and mobile apps that allow employees to track their relocation progress, access essential resources, and receive updates in real-time. This technology-driven approach improves transparency and enhances the overall relocation experience for employees.

Data Security and Compliance

Relocating employees often involves handling sensitive information, which requires strict adherence to data protection regulations. Mobility consultants ensure that every part of the relocation process complies with local and international laws, protecting the company and its employees.

Integration with Existing Systems

Seamless integration between relocation processes and existing HR and payroll systems is required to avoid administrative bottlenecks. Mobility consultants help ensure that the systems used in relocation are aligned with your current infrastructure, helping track costs, monitor progress, and keep everything running smoothly. This integration also improves data accuracy and allows for better analysis of relocation metrics, which supports future decision-making.

The Main Takeaway

Mobility consulting in modern businesses provides the expertise needed to mitigate the complexities of employee relocations. Mobility consultants turn relocations into strategic advantages by enhancing efficiency, reducing costs, and improving employee experiences. As you consider your relocation strategy, remember that investing in mobility consulting simplifies logistics and sets your employees up for success in their new roles. Embrace this valuable resource, and watch your business thrive in new markets.

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How Employee Relocation Has Changed Over the Years

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Here’s an overview of how talent mobility programs have transformed

Corporate relocation is a relatively recent development compared to farming, production, and hospitality industries. Nevertheless, the sector has experienced significant growth in recent years due to the increasing demand for relocation services.

Throughout history, it has been a frequent practice to transport groups of individuals over long distances to achieve a particular goal. This could be seen in the nomadic tribes who journeyed to find food, the exploration expeditions as countries competed for land, or the missions to procure specific resources. Industry pioneers have traversed vast distances for centuries and engaged with unfamiliar societies to conduct business. The concept of relocating for employment has been ingrained in human culture for centuries, but modern relocation practices took off in the 1950s. 

Following the conclusion of the Second World War, the corporate landscape underwent a significant transformation. Companies began to look for opportunities to grow outside of their domestic markets. The war had paved the way for cross-cultural collaborations, introducing a new era of interconnectedness. This global transition resulted in a notable rise in international assignments, as significant corporations sent their top talent to work in foreign countries.

In 1964, a significant achievement was made in talent relocation history. The establishment of what eventually evolved into the foremost organization for talent management and global mobility expertise, the Worldwide Employee Relocation Council (WERC), represented a significant milestone. This organization played a vital role in shaping the industry as we see it today.

The New Millennium of the 2000's

The significance of relocation services such as Destination Services and Intercultural Training became apparent following major mishaps that led to unsuccessful transactions. The 2000s saw a shift towards prioritizing the well-being of employees as individuals and ensuring the satisfaction of accompanying family members.

Relocation technology also took a huge step forward in making the relocation process more manageable for transferees and their employees. As companies began to recognize the importance of employee satisfaction and retention, the focus on providing comprehensive relocation services grew. This included assistance with finding housing and settling into a new location and support with cultural integration and language training. The emphasis on employee well-being led to the development of more personalized relocation packages tailored to the specific needs of each individual and their family.

Advancements in technology also revolutionized the relocation process, making it easier for employees to navigate the complexities of moving to a new country or city. Online platforms and mobile apps were introduced to streamline the relocation process, providing access to resources and information at the touch of a button. This improved the efficiency of relocation services and enhanced the overall experience for employees and their families.

Overall, the 2000s marked a significant shift in how companies approached employee relocation, emphasizing the well-being and satisfaction of their workforce. The evolution of relocation services and technology during this time laid the foundation for the modern global mobility industry, setting the stage for continued innovation and improvement in the years to come.

The Relocation Industry Today and Beyond

In today’s global economy, Switzerland, China, the United States, Mexico, the United Kingdom, Germany, Singapore, and Canada are top choices for international corporate relocations. Successful companies have flexible relocation partnerships to navigate the fast-paced business landscape. Dwellworks is well-equipped to streamline moves with a comprehensive range of services one interconnected company provides. 

Like many other sectors, the corporate relocation sector has been impacted by technological advancements. Cultural training services can now be accessed remotely and at flexible times to accommodate the hectic schedules of relocating workers. By utilizing technology, cultural trainers and Destination Services Consultants can customize their services to offer the most precise and practical support to new arrivals.

GMS Is, and Has Always, Been the Industry Leader

Global Mobility Solutions (GMS) has been a leader in the relocation industry since 1987. Our expert team is always willing to listen to your talent mobility needs and assist you in creating the best employee relocation policies.

With the rise of technology, GMS has adapted to provide top-notch services to meet the evolving needs of its clients. From virtual cultural training sessions to personalized consultations, GMS ensures that every aspect of the relocation process is tailored to the individual needs of each employee. This commitment to excellence has solidified GMS’s reputation as the industry leader in corporate relocation services.

Furthermore, GMS’s long-standing presence in the industry has allowed it to establish strong relationships with a network of trusted partners worldwide. This extensive network ensures that employees receive seamless support throughout the relocation process, regardless of where they are moving.

In conclusion, GMS’s dedication to innovation, personalized service, and global partnerships make it the go-to choice for companies seeking reliable and efficient corporate relocation solutions. Trust GMS to handle your talent mobility needs with professionalism and expertise. 

Contact us today if you’re ready to speak with a relocation expert.

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Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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How to Negotiate a Relocation Package

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When interviewing for a new job, make sure your relocation needs are met

Negotiating a relocation package involves understanding what is covered, discussing expectations with your employer, and being willing to compromise. Read on for a comprehensive look at arranging a relocation package with your employer so you can confidently navigate your move with ease and peace of mind.

Understanding what is covered in a relocation package is crucial before negotiations. Typically, a relocation package includes moving costs, temporary housing, transportation, and even assistance with selling or renting your current home. It is essential to clearly understand what expenses will be covered and what will not be so that you can plan your budget accordingly.

Negotiating a relocation package requires a certain level of flexibility and compromise. While it is essential to advocate for your needs, it is also crucial to understand that your employer may have limitations or constraints. Be open to discussing alternatives or finding creative solutions that benefit both parties. For instance, if your employer cannot cover certain expenses, they may be willing to provide a higher salary or additional benefits to compensate.

Remember, maintaining a positive and collaborative attitude is critical to successful negotiations. Approach the conversation with a willingness to find common ground and reach a mutually beneficial agreement. Be prepared to provide supporting documentation or evidence to justify your requests, such as cost estimates for moving services or rental prices in the new location. This will demonstrate that you have done your research and are making reasonable demands.

Here are some points to cover when negotiating for relocation assistance:

Understand What Relocation Expenses are Covered

Employers typically offer a relocation package to assist with the costs associated with moving. This package can encompass various expenses, such as:
– Costs relating to travel, including transportation and hiring professional movers.
– Assistance with selling your current residence or purchasing a new one.
– A lump sum of money is provided to cover general moving expenses.
– Support in obtaining a work visa if necessary.

It is crucial to clarify which expenses will be covered when negotiating your relocation package with your employer. Understanding the specifics beforehand will allow you to plan accordingly and ensure a smoother transition during the relocation process. Whether you must pay for these expenses upfront or are eligible for reimbursement, having this information beforehand is essential.

Discuss Your Expectations

Being honest and open with your employer regarding your expectations and desired outcomes is crucial. Communicate the specific assistance you require from them, and provide any relevant information that could impact their decision-making process. Additionally, it is advisable to inquire about the company’s policy on relocation and the usual support provided. By clarifying these details, you will better understand the extent of their offer and determine the level of additional support you may need. For example, you might need extra time off for the relocation or other funds to cover temporary living expenses.

Do Your Research

After you have clearly outlined the particulars of your relocation and thoroughly discussed your expectations with your employer, it is crucial to delve into the specifics. Take the time to research the cost of living in your prospective new city, and be ready to request additional assistance if it significantly surpasses your current location.

It is advisable to be upfront and straightforward about your specific requirements for the relocation package, whether it be extra time off, a salary increase, or supplementary funds to cover expenses.

One crucial aspect to consider when negotiating your relocation package is the cost of living in the new location. Research the average housing prices, groceries, transportation, and other essential expenses to understand how far your relocation package will stretch. This will help you determine if the financial assistance provided by your employer is sufficient or if you need to negotiate for additional support.

Be Open to Compromise

After you have clearly outlined the particulars of your relocation and thoroughly discussed your expectations with your employer, it is crucial to delve into the specifics. Take the time to research the cost of living in your prospective new city, and be ready to request additional assistance if it significantly surpasses your current location.

It is advisable to be upfront and straightforward about your specific requirements for the relocation package, whether it be extra time off, a salary increase, or supplementary funds to cover expenses.

One crucial aspect to consider when negotiating your relocation package is the cost of living in the new location. Research the average housing prices, groceries, transportation, and other essential expenses to understand how far your relocation package will stretch. This will help you determine if the financial assistance provided by your employer is sufficient or if you need to negotiate for additional support.

Final Negotiation Tips

Additionally, it is crucial to familiarize yourself with the local laws and regulations of the new city or country. This includes understanding the visa requirements, tax obligations, and other legalities affecting your relocation. You can avoid any surprises and ensure a smooth transition by being well-informed.

Furthermore, don’t hesitate to reach out to colleagues or contacts who have previously relocated to the same destination. They can provide valuable insights and advice based on their own experiences. They may also recommend reliable real estate agents, schools, or other services to assist you during your move.

Lastly, remember to take care of yourself throughout the relocation process. Moving to a new place can be emotionally and physically draining, so prioritize self-care. Stay organized, maintain a positive mindset, and lean on your support network for assistance.

In conclusion, negotiating a relocation package requires thorough research, practical communication, and a clear understanding of your needs. By following these steps and considering all the necessary factors, you can ensure a successful and stress-free relocation experience.

Global Mobility Solutions (GMS) has provided clients with the best relocation services since 1987. Our expert team can assist in getting employees from point A to point B, no matter how far the move is. Contact us today to set up a free policy review!

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Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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How Relocation Management Companies Leverage AI Technology

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Learn how GMS leverages AI in their mobility programs

At Global Mobility Solutions (GMS), we view AI through a lens of practicality. We leverage predictive analytics and Artificial intelligence (AI) to learn, predicate, and automate our processes and improve the experience.

Few Relocation Management Companies (RMCs) fully understand the potential of AI and are in the process of discovery. However, some organizations leverage predictive analytics and defined algorithms to produce artificial intelligence specifically for relocation. These organizations gain valuable insights and automate operationally by incorporating predictive analytics and AI into their processes. Unlike many other RMCs, we fully recognize the immense potential of AI and related capabilities. 

By leveraging AI, we can streamline and optimize various tasks, such as assessing housing options, calculating costs, and managing logistics. This saves time and resources and ensures a more efficient and accurate relocation process. Additionally, AI enables us to provide personalized recommendations and solutions based on individual preferences and needs, further enhancing the overall customer experience.

With the integration of AI becoming increasingly prevalent in various industries, we anticipate that more RMCs will follow suit and adopt AI within the next 18 to 24 months. This shift towards automation and data-driven decision-making will undoubtedly revolutionize how relocation management is conducted, ultimately enhancing the overall experience for individuals and businesses undergoing the relocation process.

As companies continue to explore the potential of AI and predictive analytics, we are committed to staying at the forefront of technological advancements in the relocation industry. By embracing these innovative solutions, we aim to provide our clients with the most seamless and stress-free relocation experience possible.

How does this change the relocation industry?

Recognizing that every move is associated with data points concerning expenses, geographical consequences, procedures, service durations, and essential trends. Businesses can swiftly examine extensive volumes of data to comprehend the reasons behind events and anticipate future occurrences.

Artificial intelligence aids in the relocation process by anticipating possible problems before it begins and improving its predictions as the process unfolds. Moreover, AI provides customized recommendations that facilitate comprehensive relocation management. 

These recommendations include identifying relocation endeavors with a high risk, evaluating policies, estimating the overall duration and anticipated expenses, anticipating exceptional circumstances, adjusting milestones, issuing alerts, providing information about the destination, assessing authorization volume, forecasting performance, and more. Consequently, this leads to enhanced planning, execution, and cost-effectiveness.

Does AI help reduce relocation costs?

Although AI cannot replace the significance of human interaction in relocation, it will undoubtedly enhance the procedure and improve the overall experience. Incorporating AI in relocation management is predicted to decrease general expenses for numerous companies, mainly through adopting new AI technologies and integrating data in the relocation sector.

By incorporating AI in relocation management, companies can expect to see a reduction in overall expenses. It can significantly enhance the procedure and improve the overall experience. Companies can streamline operations and make more informed decisions by adopting new AI technologies and data integration in the relocation sector.

One of the key ways in which AI helps reduce relocation costs is through its ability to identify high-risk endeavors. By analyzing data and patterns, AI can pinpoint potential challenges and provide recommendations on how to mitigate them. This proactive approach allows companies to anticipate exceptional circumstances and adjust milestones accordingly, saving time and money.

Furthermore, AI can assist in evaluating policies and estimating the overall duration and anticipated expenses of relocation. By analyzing historical data and trends, AI algorithms can provide accurate cost estimates and timelines, allowing companies to plan and budget more effectively. This reduces the risk of unexpected expenses and ensures the relocation stays within the allocated budget.

In addition, AI can play a crucial role in providing information about the destination. AI algorithms can provide employees with valuable insights and recommendations by analyzing the cost of living, transportation, and local amenities. This helps employees make informed decisions and reduces the need for extensive research and costly mistakes.

Another way in which AI helps reduce relocation costs is by assessing authorization volume and forecasting performance. By analyzing data on employee authorizations and performance metrics, AI algorithms can identify areas of improvement and optimize resource allocation. This ensures that the relocation process is efficient and cost-effective, ultimately leading to significant savings for the company.

Connect with GMS to Learn More

In conclusion, while AI cannot replace human interaction in relocation, it is a valuable tool that can significantly enhance the process and reduce costs. By adopting new AI technologies and integrating data in the relocation sector, companies can improve planning, execution, and cost-effectiveness. With AI’s ability to identify high-risk endeavors, evaluate policies, estimate expenses, provide destination information, assess authorization volume, and forecast performance, companies can make more informed decisions and achieve successful relocations while minimizing costs.

GMS takes pride in being the relocation industry leader in technology. GMS’ relocation technology offers all the necessary tools for your employees. Movers can oversee and monitor their relocation process through the user-friendly dashboard of MyRelocation® technology. Staff members can stay informed about their benefits, communicate with their relocation advisor, and even stay updated on important dates. Our technology, which has received recognition, is a valuable and comprehensive resource for employees, thanks to its easy-to-use interface and user-friendly menu design and functionalities.

Contact us today to set up a free consultation.

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Our cloud-based MyRelocation® relocation technology is designed to help you streamline your company’s relocation management. Schedule a demo with a Mobility Pro for a no-pressure look at how our technology can help you.

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These 4 Cities Are Now Expat Worker Hot Spots

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Large numbers of foreign workers are relocating to these four cities

Since Covid-19 protocols heightened in 2020, numerous industries moved countless jobs into full-time remote settings. As a result, many companies found that productivity stayed leveled and grew for many employees across the board. So much so that now a good portion of positions are hired under full-time remote work policies. 

Now that employees are no longer expected to drive into an office daily, it changes their outlook on where to live. Digital nomads are relocating worldwide, taking advantage of being able to live anywhere by adventuring to new cities and countries they’ve always wanted to live in. Cities that have seen an enormous influx of remote workers relocate are now dubbed Zoom Towns. 

Zoom Towns are becoming more popular because expatriate employees (expats) looking for a new destination to live in find the traditional big cities that used to be known as technology leaders, such as Hong Kong and San Francisco, are crowded and expensive to live in. With the cost of living soaring in many major markets, expats looking for international relocation options are turning to less known growing Zoom Towns. 

Here are four cities that are seeing significant increases in international relocation for employees looking for a new setting: 

Kuala Lumpur

The Malaysian capital is becoming a hot spot for expat workers looking to relocate mainly because of its large English-speaking workforces and communities. On top of that, international transplants are finding Kuala Lumpur relatively affordable. In a 2021 worldwide survey of 12,000 expat workers, Internations ranked Kuala Lumpur No. 1 for affordable housing options. 

Malaysia’s steady financial climate combined with the buzz of big city living can be a draw to many remote workers looking to move internationally. But if the big city feel isn’t a draw, the sightseeing outside the city of Kuala Lumpur has some of the most exotic landscapes to see only a day trip away. 

Lisbon

One of the oldest European cities, Lisbon has a lot to offer in a mixture of culture, warm weather, and nightlife entertainment. This Portuguese city started seeing an increase in expat workers moving there after it became the host of Web Summit. This annual convention combines tech’s most prominent companies with leading speakers and top media outlets. It’s easy to do the math here; many of the people who attend Digital Summit fall in love with what Lisbon has to offer remote work positions. So, once they come and experience the city, it is top of mind when deciding where to live next. 

Lisbon is an excellent choice because the medicine and education systems are well developed, while crime is low. Not to mention, the cost of living is lower than most other major European cities.

Mexico City

Mexico City is the largest city on this list, with nearly 22 million people currently living there. It might not seem like a go-to expat haven, but the city has rapidly been gaining both remote workers and in-office workers because it is the startup center of entrepreneurs in Latin America. The cost of living in Mexico compared to the US, Canadian, and most of Europe is much lower. Housing, food, and entertainment are all affordable year-round, making it an excellent place for young expat workers or newlyweds looking to start a family. Mexico City may be an old city, but it has a lot to offer for nightlife entertainment as it has one of the most vibrant restaurant cultures in the world.

Bengaluru (Bangalore)

One of the world’s fastest-growing tech hubs is Bengaluru, India. This growing Zoom Town is home to numerous startups and software firms. Major companies such as Sequoia Capital and Goldman Sachs have fueled the Bengaluru economy with money, making it a stable financial environment. With international relocation numbers, the city has numerous international schools, bars, and restaurants serving everything from craft beers to pork ribs.

GMS Can Assist Remote Workers Relocate

Now that countless workforce positions are completely remote-based, most companies won’t offer remote employees relocation benefits. This means for expats to head to their new destination, it’s all on their own when it comes to covering costs. But Global Mobility Solutions (GMS) has come up with a way to help remote employees receive the prices and services they would through relocation benefits without having to cost their company a penny. 

Our new Employee Choice Program is designed to assist remote employees with access to vendor pricing from our network that they would generally have to get through their employer. Our program is here to assure that employees who cannot utilize a relocation package can still get fair pricing while still getting the top-level relocation service that GMS offers to all clients. 

If you are interested in getting more information about our Employee Choice Program, please reach out today to schedule a quick call with one of our relocation experts. The GMS team is dedicated to providing excellent service and answering any questions you may have. 

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Career Services Employee Development Job Market Job Seekers Labor Force Relocation Challenges

The Relationship Between Frictional Unemployment and Relocation

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What Is Frictional Unemployment?

Frictional unemployment is the technical term for someone who is “in-between jobs” because they plan to move to a new position. Economists use this term for employees who leave their jobs voluntarily or involuntarily. There are other types of unemployment, but frictional is unique because it is seen as a natural part of labor turnover rates.

The majority of frictional unemployment is when an employee leaves their job for a new one. Career changes also fit into this category. Students who recently graduated and trying to obtain full-time positions are also considered under frictional unemployment.

Because frictional unemployment is natural in a healthy economy, it doesn’t always compel a negative impact. In most cases, this type of unemployment can be beneficial. If a higher-qualified employee chooses to explore new opportunities, companies receive applications from candidates. And in many cases, a set relocation strategy offers a significant offset to minimize time and costs for an employee moving to a new destination.

Examples of Frictional Unemployment

There are different situations that would constitute frictional unemployment. Again, because frictional unemployment numbers are high in a healthy economy, it can be suitable for companies and employees alike. The only obvious downfall on the employees’ end is that any type of unemployment can be scary and stressful. The longer the unemployment stent lasts, the harder it is on the employee and their family. Here are some everyday situations that reflect frictional unemployment:

Personal Transition

Maybe the most common example of frictional unemployment. A personal transition can include taking time off to care for kids or an ill relative to a complete career change. As always seen as voluntary unemployment, personal transitions can last just a few days to a long extended time. Career changes usually involve new training or going back to school, so they can take years in some instances. 

Another prime example of personal transition unemployment is an employee who leaves their job to start their own business. As people can save and set a foundation for their business, they do their best to time an exit from their current position to take a shot at their dream business.

Geographic Move

There are numerous situations that would fit in this category. The most seen is someone who accepts a new position in a new state or country. No one can just move overnight and be ready to work the next day. The relocation process takes some time in which usually the employee is not working, so there is a small gap in employment before the new job starts. However, if an employee accepts a promotion or corporate relocation assignment from their company, there could still be a minimal employment gap. 

Geographic move unemployment matters also occur when an employee’s spouse or partner accepts a job in another location. The employee then gives resignation notice due to the move and then searches for a new job. 

Another callout for this type of frictional unemployment might be if an employee wants a fresh start in a new home, but the company won’t allow a transfer and doesn’t offer remote work options. Obviously, this also fits into voluntary unemployment. In most cases like this, it is recommended from a professional point of view that the employee already have a position lined up in their new destination before relocating.

Skill Matching

Skill matching refers to an employee leaving their job for a position where the skills, responsibilities, and requirements are on the same level. This situation usually occurs when an employee feels underappreciated or underpaid at their current company. Sometimes, the employee will apply to open similar positions to get the pay raise they hope to reach. Or if the employee feels the new company can offer better career growth opportunities. 

Skill matching frictional unemployment happens in a thriving economy when employees have more power in salary negotiation.

Up-Skilling

Up-skilling frictional unemployment is highly similar to skill matching. The big difference is that the employee is taking a new position because they cannot advance at their current company. The most straightforward call out here is an employee who holds an entry-level job moves to a new organization to go into a manager-level role. Or a manager-level employee wants to be promoted to a director or president-level role. This switch usually happens when an employee is topped out and looking for a higher salary and more responsibilities. 

Again, up-skilling is easier done in an employee-favored economy during hiring frenzies. But, just like skill matching, the number of days unemployed is minimal and on the employee’s terms.

Entering the Workforce

Recently graduated college students who have yet to find a full-time job count in frictional unemployment rates. Younger job seekers who are applying and interviewing for positions usually make up the highest rate of this example. This situation for frictional unemployment is the most dependent upon the health of the economy. In a healthy economy where job openings are plentiful, graduates have more options and a better chance of limiting their unemployment days. 

It is not uncommon for someone who may have been a stay-at-home parent looking for their first career job since caring for children. And military members whose service time has concluded, now on the job search fit into this category also. 

How a Relocation Strategy Can Reduce Frictional Unemployment

Setting up corporate relocation policies can help companies cut down on frictional unemployment. These set policies help quicken the timeline it takes for an employee and their family to move. If the company develops its strategies with a relocation management company (RMC), processing time and costs can be managed better. Companies tend to work with relocation specialists who can provide coaching for the process and a prepared list of vendors who work in the services needed, such as movers and real estate agents. 

Frictional Unemployment can hinder companies that relocate new, existing, or promoted employees if they do not have a strategy in place. The company suffers because the moving process drags out; there are numerous days when the position is not filled. On the flip side, the employee suffers because this is time they are not getting paid. But being prepared with relocation packages to offer employees gets them from point A to point B within a reasonable timeline.

GMS Has Taken It to the Next Level

Global Mobility Solutions has been assisting companies with their relocation strategies since 1987. Our team of relocation experts knows how to help companies prioritize their global mobility needs. In addition, we have set in a new Employee Choice Program allowing employees to relocate without their company providing financial sponsorship. 

This program is meant for companies to retain top talent for positions allowed to work remotely. In addition, companies can enable employees to relocate while not having to pay for the process. GMS offers this program to companies so that their employees can utilize our list of relocation vendors at great prices. Please fill out this form to get more information on this new program put together by GMS. Then one of our relocation experts will reach out to let you know how your employees can take advantage of the Employee Choice Program. 

GMS is here to help with any relocation needs, and our Knowledge Base is full of hard-hitting blog topics that can answer many levels of questions. 

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Career Services Employee Development Job Market Job Seekers

Lack of Remote Work Policies Up Resignation Numbers

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Employees are resigning from companies that don’t offer flexible remote work options

In 2020 at the start of the Covid-19 pandemic, countless companies whose primary worksite was an office setting had to mobilize their employees to a remote environment. Within weeks employees who worked in an office were told to work from home. Many employees and employers saw this as an excellent opportunity to prove that remote work policies can benefit productivity and employee retention. 

Now in 2022, some companies are asking their employees to return to the office. Many found remote work strategies worked better for them and their employees. However, some companies are now in full remote workforce mode and have no plans to return to an office building. This dynamic brings hiring and employee retention policies and processes into question, with remote work options at the forefront. 

Recently, a study surveyed about 1500 employees across various industries to gauge their attitude toward remote work and flexible work hours. In addition, nearly 300 human resource managers were also given the same questions to provide a different perspective. 

The point of the survey was to conclude if remote work options for employees would be a make or break for new hires to accept a position. Or for employees to stay in general. Most of the survey’s findings showed that employees were willing to leave if the company could not offer some type of remote work policy on a regular basis.

Employees Resigning Because of Lack of Flexible Work from Home Arrangements

The study revealed that 29% of employees changed jobs in 2021, and in 2022, 34% of employees are planning to resign from their current organization. The main reason was that employees were disappointed with their company’s remote work policies. However, a significant reason is that there is a lack of flexibility in the day-to-day work schedule.

Companies that give the option to work remotely are considered a potential benefit by 46% of employees. And 35% stated that the lack of flexibility to work remotely plays a factor in searching for a new employer.

The study also showed that employees have a strong desire to work from home, as 64% of the employees stated that if told to return to the office, they would start searching for a new job. Additionally, of the employees surveyed, 91% agreed that they should be able to work from home as long as their work is getting done.

72% of employees said that flexible work arrangements are one of the most important qualities they look for in a new employer. This includes things like being able to work remotely, which is more important to employees than factors like company culture, professional development, and social impact. The only qualities to top flexible work arrangements were compensation and employee well-being. 

While employees enjoy the flexibility of remote work, employers show hesitation to implement remote work options due to the ability to determine the employees’ working hours. The employee’s location can also be a concern because there can be tax and immigration compliance issues on hand if employees are in different cities or states. The reports show that in 2022 only 46% of HR representatives were confident in knowing where their employees were located during work hours. 

Employees and HR professionals both agree that allowing employees to work remotely allows the opportunity to build a team that is based on qualifications and experience. The report shows that 90% of HR representatives and 82% of employees agree that hiring should be based on skill set over the location.

GMS Can Help with Employee Retention

Global Mobility Solutions (GMS) understands that hiring and retaining good employees is a pain point for many companies. To help organizations retain employees, GMS created our Employee Choice Program for relocations not financially sponsored by the employer. This allows companies to open up opportunities for employees looking to relocate. In addition, companies can give employees the flexibility to work remotely. 

In working with GMS to utilize this program, the company allows employees to leverage the buying power, deep discounts, and high-quality coordination from a relocation management company without financial sponsorship. In more straightforward terms, employees electing to relocate can utilize our network of vetted and qualified partners at an affordable cost without the employer’s financial assistance for management and service costs. 

GMS hopes this service can act as a win-win situation as the employee is able to stay with the company, while the organization is not hit hard with relocation costs. If you are ready to start looking into Employee Choice Programming, then contact us today to set up a courtesy consultation and demonstration. Our relocation experts would be glad to discuss how GMS can help with any of your relocation services.

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Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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