Categories
Global Mobility Global Relocation Global Relocation Tips Relocation Best Practices

10 Documents Needed for International Relocation

Moving abroad for a new position? 10 important documents to bring with you

Relocating internationally for a new job can be exciting, but like a domestic move, an international move can prove stressful, and the paperwork may seem never-ending. If you and your family are preparing to move abroad, you might be gathering any essential documents you need to get started in your new destination. 

If your company provides relocation benefits, they can help alleviate some of the stress and hardships of moving. Furthermore, your relocation benefits may include working with a relocation management company that will provide you with a counselor who can coach you through the global mobility process and keep you on track.

Working with a relocation management company (RMC) for international relocation has several advantages. They can help you navigate the relocation process, assist with your visa application, arrange for household goods shipping, provide destination services, and even help buy or sell a house or property. A good RMC will ensure you obtain or collect the paperwork and documents necessary to start a job in a foreign country. Here is a list of some of the critical documents you should start to collect now so that you are prepared for your move:

1) Passport

While this may seem like an apparent document to include, obtaining a passport can be a lengthy process that can take weeks to months to complete, it is vital to start the passport application process as early as possible to ensure time works well for the moving employee and their family members. A government-issued passport certifies identity and citizenship. For example, evidence of US citizenship, a valid ID, and an official passport photo are all needed when applying for this document.

2) Birth Certificate

If you need help remembering where a copy of your birth certificate is, it can take weeks to months to obtain. This document is vital when trying to relocate internationally, as many people use it as their proof of citizenship when applying for a passport and other important official documents. The time needed to obtain a copy of your birth certificate can have a domino effect on obtaining any other documents that depend on it.

3) Visa

A visa is a travel document that allows travelers to remain in a designated country for a specific amount of time and for a specific type of visit (tourism, short-term, residency, etc). When undergoing a corporate-sponsored relocation, oftentimes your RMC will provide visa and immigration assistance.

4) Work Permit

A work permit allows the relocating employee to legally work in their host country. Companies that provide employees with relocation benefits should have the work permit application process included in their relocation policies. A reliable RMC can ensure that the transferee obtains the appropriate work permit in a timely manner.

5) Social Security Cards

Another document that should already be handy while filing for other documents on this list, a social security card should be kept in a safe place throughout your time abroad. Like your birth certificate, a Social Security Card is commonly used as proof of identification to obtain additional official documents.

6) Medical Records

Healthcare systems around the world differ on many levels, but it is recommended that you ask your current healthcare provider to hand over any medical records that a new doctor should be made aware of. You will want to ask for your dental records as well. You can provide these records to your new doctor at your destination to provide them with information on your medications or past procedures. Immunization records for all family members should be present as well as many countries require various vaccinations for entry.

7) Pet Vaccination Records

If you are traveling with a pet, be sure to contact your veterinarian for all necessary pet vaccination records. These documents might be needed for allowing pets on planes or public transportation to the new destination, as well as crating or doggy daycares. Some countries require specialized tests for entry, such as rabies, and may even require a quarantine period. Additionally, if you are moving into a condo or apartment, the complex might ask for vaccination records of your pets.

8) Marriage Certificate

A marriage certificate is an important document that can come into play for citizenship and tax purposes. Each country has different tax laws, so it would be a good idea to have the certificate on hand in case you need to prove your tax filing status.

9) School Records

If moving internationally with children, ask their current school to provide an in-depth portfolio of their educational records. This will help when enrolling your kids into their new school. It could also help your kids’ application process if they are applying to a private school or getting set for college in their new home country.

10) Living Will

While everyone hopes this one will not come into play, if any of the relocating family members have a living will, it would be a good idea to know where a copy is at all times. Wills are meant to help give clarity and closure in the event of a death. Additionally, wills can give guidance to doctors and healthcare professionals who are treating the family member. 

Keep Important Documents Safe During International Relocation

These documents are some of the most important things for moving and life. Do not ship these documents with your other household goods when preparing these for the move. They should be physically kept with you, preferably in a protective folder safely stored in a carry-on when flying. Once at your new destination, store them in a secure file cabinet or fire-proof safe so they can remain organized and safe at all times while also accessible. It is always a good idea to make copies of each document if you need to provide physical copies for numerous applications or other reasons. The secure digital storage of scanned documents is also worth consideration.

Additionally, consider creating a checklist of all your important documents, including passports, birth certificates, medical records, and financial statements. A checklist will help ensure that everything gets noticed during your move.

When you arrive at your new home, take a moment to review your documents and make sure everything is in order. If you notice anything missing, you can take steps to replace it as soon as possible.

It’s also wise to inform relevant parties of your change of address. This includes banks, insurance companies, and any subscriptions you may have. Keeping your information current will help prevent any disruptions in service or communication.
Remember to keep your important documents easily accessible, especially during the first few weeks after your move. You may need to refer to them for various tasks, such as setting up utilities or enrolling your children in school. By staying organized and proactive, you can make your transition to your new home much smoother.

Work with GMS for the Documents Needed for International Relocation

If your organization is relocating employees internationally, working with an RMC that specializes in international mobility programs can be a big help. GMS has been helping employees and their families relocate around the globe since 1987. Our team of relocation experts will guide your relocating employees in gathering the critical documents necessary for the appropriate visas and permits needed for moving internationally. Reach out today if you have any questions regarding the global mobility process. 

At GMS, we pride ourselves on our commitment to excellence and customer satisfaction. We aim to make your international move seamless, allowing you to focus on settling into your new home and embracing the adventure ahead. Don’t hesitate to contact us for more information or to get started on your relocation journey today!

We're Here to Help! Request a Courtesy Visa Program Consultation

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.

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

The Benefits of a Preferred Relocation Real Estate Agent

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.

We're Here to Help! Request a Courtesy Consultation

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.

Categories
Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Global Mobility Global Relocation

Complete Guide to Relocating with Children

Moving for work can be a stressful time; here’s a guide to help with your kids

Relocating for work can take time, whether within the same area or in a different city. And it can become even more intricate when you have young kids to consider. Your children compete for your focus during the entire procedure and may experience unease about the upcoming changes. However, it can be an easier transition if your employer provides relocation services for you and your family. 

Understanding how a relocation will impact your kids can assist you in getting ready for the changes and difficulties that lie ahead. We aim to provide you with helpful advice to make the transition easier. First and foremost, check with your relocation management company (RMC) to see what kind of family support services they provide for relocating employees. 

Moving can be just as stressful for children as it is for adults. According to a study published in the Journal of Personality and Social Psychology, the emotional impact of moving can have long-lasting effects on children’s mental well-being, which can persist into adulthood. This includes difficulties in forming social connections and a strong sense of identity. The consequences of moving can be particularly challenging for introverted or anxious children and those with rigid personalities, who may find it harder to make friends and develop a strong sense of self-worth.

How to Handle Relocating with Kids of All Ages

Many RMCs offer various family support services to help ease your children’s transition. These services include finding suitable schools or educational programs in the new location. It’s essential to ensure that your children’s education is not disrupted during the move, as this can further contribute to their stress and anxiety.

Additionally, some RMCs provide resources for finding extracurricular activities and clubs that align with your children’s interests. These activities can help them meet new friends and develop a sense of belonging in their new community. Whether joining a sports team, participating in art classes, or joining a scouting group, these activities can provide a much-needed sense of stability and routine during the relocation process.

Furthermore, RMCs may offer counseling services for children struggling with the emotional challenges of moving. Professional counselors can help children navigate their sadness, anxiety, or loneliness, providing them with the necessary tools to cope with the changes. These services can be invaluable in supporting your children’s mental well-being and helping them adjust to their new environment.

In addition to the services provided by the RMC, there are steps you can take as a parent to support your children during the relocation. Open and honest communication is vital. Sit down with your children and discuss the upcoming move, addressing their concerns or fears. Encourage them to express and validate their emotions, letting them know that it’s normal to feel a range of emotions during this time.

It’s also essential to involve your children in decision-making when possible. Allow them to have a say in the move, such as choosing their new room decor or exploring potential neighborhoods. This can help them feel a sense of control and ownership over the changes in their lives.

Lastly, try to explore the new community together as a family. Take walks around the neighborhood, visit local parks, and discover nearby attractions. Familiarizing yourselves with the new surroundings can help your children feel more comfortable and excited about their new home.

By utilizing the family support relocation services provided by your RMC and implementing these strategies, you can help alleviate some of the stress and challenges that come with relocating for your children. Remember, their emotional well-being is just as important as the logistics of the move, and by prioritizing their needs, you can ensure a smoother transition for the entire family.

GMS Makes It About the Whole FamilY

As a family moves more often, maintaining stability becomes increasingly crucial. It is vital to be well-prepared and actively engaged when relocating children, regardless of age. Children must be aware of the plan for the move, feel involved in the process, and have a positive anticipation towards the relocation.

When parents provide adequate assistance, relocating can benefit children, enhancing their self-assurance and nurturing their ability to interact with others.

Global Mobility Solutions (GMS) offers comprehensive assistance and tools for transferees and their families to guarantee smooth relocations. The team of experts at GMS specializes in corporate relocation. It can assist your company in evaluating potential candidates for assignments and providing top-notch relocation services for your employees and their loved ones.

Contact our team of professionals to explore how we can enhance your relocation support services. By providing inclusive relocation bundles, we guarantee that your company remains competitive in employment opportunities. Subsequently, we will help your employees achieve a smooth and effortless relocation experience.

We're Here to Help! Request a Courtesy Consultation

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.

Categories
Corporate relocation tips Global Mobility Global Relocation Relocation Best Practices

Companies That Care About Employee Benefits Invest in International Relocation Services

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

We're Here to Help! Request a Courtesy Visa Program Consultation

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.

Categories
Corporate Relocation Corporate relocation tips Domestic Relocation Challenges Domestic Relocation Tips Global Mobility

What Is Corporate Housing?

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.

We're Here to Help! Request a Courtesy Consultation

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.

Categories
Choosing a Relocation Company Corporate Relocation Global Mobility Global Relocation

Why Companies Should Provide Relocation Services for New Employees

Here are some benefits of providing employees with global mobility programs

Relocation expenses vary greatly depending on the distance and the employee’s needs. The most common expenses covered by relocation packages include transportation costs, such as flights or gas mileage, temporary housing, and storage fees. Additionally, companies often provide financial assistance for selling the employee’s current home or finding a new one.

One of the main reasons why companies should cover these expenses is to attract top talent. Relocating can be a daunting and expensive process, and offering a relocation package can make a job offer more enticing. By providing financial support, companies show their commitment to helping employees settle into their new environment and alleviate some of the stress associated with moving.

Moreover, covering relocation expenses can also benefit the company in the long run. Employees who feel supported during their transition are more likely to be productive and engaged in their new role. By removing the financial burden of relocation, companies can ensure that employees can focus on their work and quickly integrate into the company culture.

Furthermore, offering relocation packages can enhance the company’s reputation as an employer. Word-of-mouth travels fast, and if employees have positive experiences with their relocation, they are more likely to recommend the company to others. This can lead to a larger pool of qualified candidates and a more robust talent pipeline for future hiring needs.

Key Components to Include in Employee Relocation Packages

A comprehensive relocation policy should include various components to ensure a smooth transition for employees. Some key components to include in employee relocation packages are housing assistance, transportation support, and spouse/partner employment assistance. Housing assistance can involve providing temporary housing or a stipend to help employees find suitable accommodations in their new location. This alleviates the stress of finding a new home and ensures employees have a comfortable place to live while settling into their new roles.

Transportation support is another crucial aspect of a relocation package. Companies can reimburse moving expenses like shipping belongings or renting a moving truck. Additionally, assisting with transportation to and from work, whether through a company car or public transportation subsidies, can significantly ease employee transition.

Spouse/partner employment assistance is often overlooked but can be vital for the success of an employee’s relocation. Companies can offer job search support, networking opportunities, or even financial assistance for spouses or partners who need to find employment in the new location. This not only helps the employee’s family settle into the new community but also shows a commitment to supporting the employee’s overall well-being.

Other components that can be included in relocation packages are cultural integration support, such as language classes or cultural orientation programs, and assistance with administrative tasks like obtaining necessary visas or work permits. These additional elements can enhance the employee’s experience and ensure a smooth transition into their new environment.

A comprehensive relocation package is essential for companies looking to attract and retain top talent. By providing support in critical areas such as housing, transportation, spouse/partner employment, and cultural integration; companies can ensure that employees feel valued and supported throughout the relocation process. This benefits the individual employee and enhances the company’s reputation as an employer of choice, leading to a more substantial talent pool for future hiring needs.

GMS Assists in Building Comprehensive Relocation Packages

In conclusion, covering everyday relocation expenses is a wise investment for companies. It helps attract and retain top talent, promotes employee productivity, and enhances the company’s reputation. By providing support during the transition, companies can create a positive and seamless relocation experience for their employees, ultimately benefiting both the individual and the organization.

Global Mobility Solutions is a complete relocation management firm specializing in aiding companies in developing all-inclusive relocation plans that are advantageous for both the company and the staff member. For over three decades, GMS has supported companies settling their new employees in a different location, ensuring a smooth transition for the transferee. Contact us today if you are prepared to establish or revise your relocation policies.

Global Mobility Solutions (GMS) is a full-service relocation management company that specializes in assisting companies in creating comprehensive relocation packages that benefit both the company and the employee. For more than 30 years, GMS has helped companies get their new employees situated in a new place, assuring the process is seamless for the transferee. Contact us today if you’re ready to set up or update your relocation policies.

We're Here to Help! Request a Courtesy Consultation

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.

Categories
Global Mobility Global Relocation Global Relocation Challenges Global Relocation Tips Global Relocation Trends Talent Management Talent Mobility Visas and International Travel

Global Talent Shortage Can Be Mitigated With Global Relocation

Learn how offering relocation benefits can help hire top talent

It’s no secret that your company must set itself apart from the competition if you want top talent for job openings. What factors can put your company above the rest when hiring for vacant positions?

Offering relocation benefits to those who have to move for the job could be a great way to lure top talent. But just how much does the offering of global relocation packages help persuade candidates to your side?

Korn Ferry’s study “Global Talent Crunch” highlights the skilled talent shortage impacting countries and specific industries worldwide. Many countries are already facing a skilled talent shortage across several industries. The study examines the talent shortage issue across twenty major developed and developing countries, including:

  • Americas: Brazil, Mexico, United States
  • EMEA: France, Germany, Netherlands, Russia, Saudi Arabia, South Africa, United Arab Emirates, United Kingdom
  • Asia Pacific: Australia, China, India, Indonesia, Japan, Malaysia, Singapore, Thailand

Which industries are most at risk due to talent shortage?

The financial and business services industries are the most at risk due to talent shortage. According to the study, these industries could be facing a shortage of nearly 11 million workers by 2030, with about $1.3 trillion negative impact. Across the globe, technological advancement is at risk due to a skilled talent shortage of over 4 million Technology, Media, and Telecommunications (TMT) workers by 2030. Additionally, manufacturing will have a surplus of workers through 2023, quickly becoming a skilled talent shortage of nearly 8 million workers by 2030.

Which countries are most at risk due to talent shortage?

The greatest vulnerability to talent scarcity lies in advanced nations. France and Germany in Europe and Japan in Asia encounter the highest levels of risk. The United States and Australia also confront a significant deficit in skilled personnel, with the US anticipating a staggering loss of approximately $1.8 trillion in yearly earnings by 2030. Conversely, India stands alone among the countries examined, as it remains in possession of an excess of skilled talent until 2030.

What should employers expect?

Employers should expect to find it increasingly difficult to recruit and hire in several countries and industries. Those with plans to expand into new markets should consider this as they develop their hiring plans and corporate objectives.

Employers finding difficulties hiring and recruiting for positions in specific countries and industries should consider highlighting their relocation program’s benefits in their recruiting materials. The healthcare industry has been facing a critical talent shortage for several years. Healthcare employers have responded in several ways, including:

  1. Providing Exceptional Candidate Experiences
  2. Using Data to Enhance Recruiting
  3. Recruiting for Cultural Fit
  4. Creating a Superior Employer Brand
  5. Speeding the Process to Keep Candidates Engaged

Relocation Management Companies (RMCs) are ideal sources for information on global candidate recruitment and relocation. Pre-Decision Services are critical for employers as they provide valuable information about a candidate’s ability to accept a position and be successful. Assessment data can be paired with structured interview questions to understand better the candidate’s interests, goals, and motivations.

Contact GMS for More Resources

The team of professionals at Global Mobility Solutions (GMS) specializes in assisting companies with corporate relocation, creating effective relocation programs that can successfully appeal to and maintain skilled employees. By implementing industry-leading strategies, our team can help your company design a relocation program that enhances your ability to attract and retain new employees and alleviate the challenges of a talent shortage. 

GMS became the inaugural relocation firm to become a registered .com. Additionally, they developed the initial digital tools and calculators, which significantly changed the relocation sector. GMS persists in leading the industry by introducing pioneering innovations and technological solutions through their exclusive MyRelocation™ technology platform.

Contact our experts online to discuss your company’s relocation program needs.

We're Here to Help! Request a Courtesy Consultation

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.

Categories
Corporate Relocation Corporate relocation tips Domestic Relocation Tips Domestic Relocation Trends Global Mobility

When Is the Best Time to Budget for Relocating an Employee?

When to Set a Relocation Budget

When a company is relocating an employee, there are many expenses to track and logistics to coordinate to make it happen. When creating relocation policies and benefits on behalf of the company, there are many aspects of relocation to consider. This can include buying and selling a home, moving the employee’s household goods, and short-term housing in the new location. 

With all of the complex movements required for a successful relocation, it can take time to know when to begin the budgeting process for the relocation. Should it happen before the position is posted? Before the employee is made aware of the opportunity? When does the company find the best prices for relocation services? While there isn’t a definitive answer, there are several mobility industry standards to consider when determining when to budget for the employee’s move.

The Right Time to Set a Relocation Budget

Typically, the best time to set a relocation budget is once the offer is extended to the candidate, especially if the company is working with a relocation management company. The primary reason is that the relocation company can work with the candidate to discuss their questions or concerns about the move. Allowing a relocation company to assist in the interview process can ensure the employee has their needs covered while the company is not overspending.

For example, an employee may have multiple cars that must be shipped to their new destination. After speaking with the candidate, the relocation company can then report back to the company on the potential costs and services needed to relocate the employee and their family. 

If the company’s policies only cover the cost of transportation for a single vehicle, that information can be communicated back to the employee. Policy restrictions play an essential role in helping companies control costs. However, some organizations may agree to an exception to their policy to assist the employee with their move and ensure acceptance of the relocation offer. These changes will impact the total cost of the relocation.

Alternatively, the second-best time to start relocation budgeting is once the candidate accepts the job offer. Now that the employee understands that he or she is moving, the relocation team can work with them on what to expect and allow them to get the most out of the relocation benefits offered by their employer.

How to Calculate for Relocation Costs

When planning for relocation costs, there are many things to keep in mind, specifically costs like: 

  • Real estate costs, such as buying and selling a home
  • Moving of household goods, cars, or pets
  • Travel expenses 
  • Storage facilities 
  • Temporary housing in the new location
  • Taxes 

Once all foreseen costs are accounted for, the relocation budget can be managed by the relocation provider. It is recommended that companies work with a relocation management company that utilizes relocation technology and software that can include real-time tracking of employee moving expenses. This helps companies not only stay on budget but create or renew budgets for future relocations. 

One of the first steps in calculating relocation costs is considering real estate expenses. This includes the costs associated with buying or selling a home. It’s important to factor in any fees or commissions involved. Additionally, if you’re renting a new place, you’ll need to account for the security deposit and any upfront rent payments.

Next, you’ll need to think about the cost of moving your household goods, cars, or pets. This can vary depending on the distance of the move and the amount of items you need to transport. It’s a good idea to get quotes from different moving companies to compare prices and find the best deal.

Travel expenses are another vital factor to consider. If you’re moving to a different city or country, you must account for the cost of flights or other transportation methods. This includes not only your travel but also any family members or pets that will be accompanying you.

Sometimes, you may need to utilize storage facilities during the relocation process. This could be necessary if there is a gap between when you move out of your current home and when you can move into your new one—research storage options in advance and factor in the monthly cost.

Temporary housing is often required when relocating to a new location. Whether it’s a hotel, rental property, or corporate accommodation, you’ll need to budget for the cost of staying in a temporary home until you find a permanent residence. Remember that these costs can vary depending on the location and duration of your stay.

Lastly, remember taxes. Depending on the country or state you’re moving to, additional surcharges or fees may be associated with the relocation. Researching and understanding the tax implications beforehand is essential to avoid any surprises.

To effectively manage the relocation budget, it’s recommended to work with a relocation management company that utilizes technology and software for real-time tracking of expenses. This allows companies to stay on budget and make informed decisions when creating or renewing budgets for future relocations.

Working with the Best to Setup Relocation Budgets

By considering all these factors and working with a reliable relocation provider, you can ensure your relocation costs are accurately calculated and managed. Planning and being thorough in your research will help you avoid any unexpected financial burdens during the relocation process. 

Global Mobility Solutions (GMS) is here if you have questions about developing relocation budgets. Our team can support your employees in getting the most out of their relocation benefits while your company can stay within your relocation budget. Our team understands that moving multiple employees every year can be challenging, so our tailored global mobility solutions can help any company of any size seamlessly move any number of employees.  

 Contact us today online or call 1.800.617.1904 to speak with one of our qualified team members. 

We're Here to Help! Request a Courtesy Consultation

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.

Categories
Global Mobility Global Relocation Global Relocation Challenges Global Relocation Tips

Understanding The Do’s & Don’ts of Credit When Moving Overseas

What to know about credit when accepting an international relocation assignment

Moving overseas is an exciting adventure that often comes with various logistical challenges – one crucial aspect to consider when relocating abroad is how your credit will be affected. 

Understanding the do’s and don’ts of credit when moving overseas is essential to ensure a smooth transition and financial stability. This blog post will explore the key factors to consider regarding credit during an international move.

The Do's of Credit When Relocating Internationally

1. Notify your creditors and financial institutions

Before leaving your home country, inform your credit card issuers, banks, and loan providers about your upcoming move. This proactive step will help prevent potential issues or losses with your current accounts.

They can offer valuable advice or alternative solutions for managing your finances abroad. They also help you figure out how you can process credit card payments while abroad. 

2. Research the local credit system

Countries have different credit systems, and your credit history might transfer slowly. Take the time to understand your new destination’s credit reporting agencies, scoring models, and processes. This knowledge will help you establish credit in your new country effectively.

3. Maintain your existing credit relationships

Try to maintain your current credit relationships, such as credit cards or loans, even when you move abroad. A long credit history can positively impact your credit score and make it easier to access credit in your new country. Consider keeping at least one credit card or account active, using it periodically, and paying off the balance to demonstrate financial responsibility.

4. Establish local credit

Once you arrive at your new location, start building your credit in the local market. Open a bank account, apply for a local credit card, or consider obtaining a secured credit card if you cannot qualify for unsecured credit initially. Timely payments and responsible credit usage will help you establish a solid credit history in your new country.

Click here to find more about which countries use credit reporting.

The Don'ts of Credit When Moving Overseas

1. Close all your existing accounts

Closing all your accounts in your home country can negatively impact your credit history and credit utilization ratio. Instead, consider keeping some accounts open to maintain a connection to your home country’s credit system. This can be especially helpful if you plan to return in the future.

2. Rely solely on cash

While it may be tempting to rely solely on cash transactions when you move overseas, having a mix of payment methods is crucial. Responsible credit card usage can help you establish a local credit history, gain rewards, and provide additional security and protection for your purchases.

3. Ignore currency exchange rates

When using credit cards overseas, be mindful of currency exchange rates and potential foreign transaction fees. Some credit cards offer favorable exchange rates or waive foreign transaction fees, making them more suitable for international use. Research and choose the best credit card options for your specific needs.

4. Overextend your credit

Moving to a new country can bring unexpected expenses and financial challenges. Avoid overextending your credit and accumulating excessive debt. Create a budget, track your spending, and ensure that you understand your financial obligations and capabilities in your new environment.

Final Thoughts from GMS

Moving overseas is an exciting opportunity, and managing your credit effectively is crucial for a successful transition. By following the do’s and don’ts of credit when moving overseas, such as notifying your creditors, understanding the local credit system, and responsibly managing your credit, you can establish a solid financial foundation and ensure a smooth integration into your new life abroad.


For more information about international relocation services, set up a free consultation with one of our business development managers. Global Mobility Solutions (GMS) is the industry leader in providing companies with global mobility programs.

We're Here to Help! Request a Courtesy Visa Program Consultation

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.

Categories
Global Mobility Global Relocation Global Relocation Challenges Global Relocation Tips Global Relocation Trends

What Is the H-2B Visa?

Learn about the H-2B Visa and why it’s crucial to the US economy

Since 1952, American businesses have relied on foreign guest workers with H-2B visas to fill short-term roles in which US citizens had no interest. Initially, the number of people allowed in this program was limited. Still, as the demand for such positions grew, more companies had no choice but to accept the H-2B visa’s strict regulations.

The H-2B visa program is a valuable asset to the US, as it allows foreign nationals to work on non-agricultural projects and thus helps to alleviate labor shortages in multiple industries. This program offers a wide range of job possibilities, from conservationists to carnival workers, and is becoming increasingly popular as the application cap is routinely filled.

The need for H-2B visas, which allow foreign workers to take on non-agricultural jobs for nine months out of the year, has steadily increased over the past few years. Last year, the demand for these visas drastically increased, with a 49.5% rise from 2021.

Despite the growing demand, the maximum number of H-2B visa holders that can be accepted has stayed the same since the 1990s. This yearly limit is 65,000, divided into two halves. Businesses have been advocating for an increase in the number of workers they can hire, especially as finding suitable labor is becoming more challenging.

To be approved for the H-2B visa, employers must show evidence that they have tried to hire someone from their local area but have yet to succeed. This means providing a lot of paperwork to indicate their recruitment attempts. Employers must also pay for any extra costs related to hiring H-2B workers, such as legal fees, a set wage, and housing or traveling expenses.

Companies have claimed that, besides the H-2B and J1 recruitment process, they face other difficulties, such as a highly competitive workforce and costly legal expenses. Despite the complications, the H-2B program can benefit American employers who cannot find domestic workers willing to work.

GMS Has Immigration Specialists Ready to Assist

The best way to work through relocation challenges is to work with the best relocation management company in the US. That is where Global Mobility Solutions (GMS) comes into play. We can be your one-stop shop when it comes to relocation services. We can assist in handling every aspect of an employee’s move. But at the same time, we understand that every company and its employees are different, with unique needs regarding their relocation process. 

We start by having one of our team members listen to your wants and needs regarding relocation, then, from there, help you map out the best courses of action to take to get all of your relocation needs fulfilled. Set up a call with us today to get started.

We're Here to Help! Request a Courtesy Visa Program Consultation

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.

TAKE THE NEXT STEP IN YOUR CAREER