Category: Global Relocation Tips

Categories
Corporate Relocation Corporate relocation tips Global Relocation Global Relocation Challenges Global Relocation Tips Global Relocation Trends

Benefits of Expanding Hiring into LATAM

latam employees in office
Business education group

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

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

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

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

What’s the Workforce Like in LATAM Markets?

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

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

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

Legal and compliance challenges in LATAM

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

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

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

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

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

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

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

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

Will the Culture Difference Come Into Play?

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

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

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

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

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

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


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

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 Domestic Relocation Tips Global Relocation Tips Labor Force Relocation Best Practices

How to Manage Finances When Relocating for a Job

father showing daughter their new home on an ipad
Young father and his cute small daughter having fun with digital tablet on couch.

Moving for a new job is a great career move; here are tips to keep relocation costs in check

Controlling expenses while moving to a different city can be challenging. Still, various approaches can assist in managing relocation costs and cutting expenses by opting for the services of a skilled long-distance moving company. Initially, planning your relocation effectively and contemplating reducing the number of possessions is crucial. This will effectively decrease transportation expenses and help cut down on the price of shipping household goods.

Moving to a different part of the country for a new job comes with a price tag and is costly. It is worth asking your new employer if they provide any global mobility benefits or work with a relocation service provider who can offer help at a lower price. To avoid any financial surprises, it’s crucial to create a relocation budget that covers various expenses like transportation, packing materials, and the services of cross-country movers.

Some Cost-Saving Tips for the Relocation Process

One way to save money on your cross-country move is to declutter before packing. Take the time to review your belongings and decide what you need and can live without. Selling or donating items you no longer use reduces the amount of stuff you have to move and puts some extra cash in your pocket. Additionally, consider packing some of your belongings yourself to cut down on packing service costs. However, properly label and secure your items to avoid any damage during transit.

Another cost-saving tip is to be flexible with your moving dates. Moving during the relocation off-peak season, typically during winter, can lower prices for moving companies. Additionally, avoid driving on weekends or holidays as these are more expensive due to high demand. By being flexible with your moving dates, you can save significant money.

Compare Moving and Utility Companies

When comparing cross-country moving companies, focus on more than just the price. It’s essential also to consider their reputation and customer reviews. Look for companies with a track record of providing reliable and efficient service. Reading testimonials from previous customers can give you a good idea of what to expect. Remember, the cheapest option may only sometimes be the best if it means sacrificing the safety and timeliness of your belongings’ arrival.

In addition to comparing moving companies, comparing utility companies is essential when moving to a new area. Research the different providers in your new location and compare their rates and services. Look for companies that offer competitive prices and reliable service. It’s also a good idea to read customer reviews to understand their customer satisfaction. Switching utility providers can sometimes be a hassle, but it can save you money in the long run. Take the time to compare your options and make an informed decision.

When it comes to moving, it’s easy to get caught up in the stress and excitement of the process. However, taking the time to plan and make wise choices can save you both time and money. You can ensure a smooth and cost-effective move by being flexible with your moving dates and comparing moving and utility companies. Remember, it’s not just about the price but also about the quality of service and the safety of your belongings. So, take the time to do your research and make the best choices for your move.

Remember to notify your utility providers, insurance companies, and other vital contacts about your move. This will ensure a smooth transition and prevent unnecessary service charges or disruptions. Taking these steps and proactively planning can make your cross-country move more affordable and stress-free.

What Does GMS Do to Keep Relocation Costs Low?

Global Mobility Solutions (GMS) understands the importance of lowering relocation costs for our clients. To this end, we have implemented several strategies. 

Firstly, our extensive network of providers allows us to negotiate competitive rates for various relocation services. Whether it’s transportation, housing, or immigration assistance, we have established partnerships with trusted vendors who offer cost-effective solutions. This not only helps our clients save money but also ensures that they receive high-quality services.

Additionally, our Pre-Decision Program plays a crucial role in cost reduction. By getting involved in the relocation process early on, we can help clients make informed decisions. This includes assessing the feasibility of the move, considering the financial implications, and identifying any potential challenges. We can minimize the risk of unsuccessful relocations and costly setbacks by addressing these factors beforehand.

Furthermore, our Pre-Decision Program allows us to create an accurate client budget. We understand that financial planning is essential when it comes to relocation. Providing a detailed breakdown of anticipated expenses enables our clients to make well-informed decisions and avoid any unexpected financial burdens.

Another way GMS keeps relocation costs low is by eliminating the risk of rejection by the transferee or assignee. We understand that a rejected job offer or relocation can be costly for both the employer and the employee. Therefore, we work closely with our clients to ensure that the relocation package meets the individual’s needs and expectations. By addressing any concerns or preferences early on, we can increase the likelihood of job acceptance and minimize the need for costly re-negotiations.

Moreover, GMS assists clients in identifying any potential problems with selling a home. We understand that selling a property can be a complex and time-consuming process. We help our clients navigate the real estate market efficiently by providing expert guidance and resources. This saves them money and reduces the stress associated with selling a home.

Additionally, GMS simplifies house-hunting trips for our clients. Searching for a new home in an unfamiliar location can be overwhelming. Therefore, we provide comprehensive support, including personalized itineraries, local area information, and assistance with property viewings. Streamlining the house-hunting process minimizes the need for multiple trips and reduces associated costs.

Lastly, our commitment to minimizing the need for policy exceptions further contributes to cost savings. We understand that policy exceptions can lead to additional expenses and complications. Therefore, we work closely with our clients to develop comprehensive relocation policies that address their specific needs and minimize the need for exceptions.

For more information on how GMS can help you get from point A to point B, contact us today to set up a free consultation with one of our relocation experts.

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 Global Relocation Global Relocation Tips Relocation Best Practices Visas and International Travel

Company Relocation Policy Checklist for 2024

Use this checklist to perform a review of your company relocation policy
Aerial view of the Bay Bridge in San Francisco, CA

Things to keep in mind when reviewing Relocation policies

Offering relocation benefits to new or promoted employees is a great way to ensure that your company can hire the most qualified candidate for the position. As the new year is now upon us, HR managers should start to review their company’s relocation policies. Most relocation assistance companies recommend checking and renewing policies annually, usually in Q4. As the global mobility industry sees continuous change over time, reviewing policies at least once per year helps ensure that the relocation policies offered are still competitive within your industry, and ensure cost efficiencies are adapted to your current business environment. 

Whether you are going out to bid for a new relocation company or just want to ensure that your relocation policies are above the standard, use this 2024 relocation policy checklist to ensure all of the joint pain points are met.

Our recommendations for global mobility planning cover both short-term and long-term initiatives. Here is the 2024 relocation checklist:

Short-Term Assignment Policy Review Points

  1. Identify all instances relating to immediate and upcoming needs for your relocating employees, including visas, work permits, immigration status changes, and cross-border travel. Determine appropriate action plans for each case.
  2. Document policy exceptions relating to the pandemic. Consider adjusting the company relocation policy or adding an addendum to account for the effects of the pandemic and other major relocation disruptions.
  3. Review all assignments that were placed on hold during 2022 and 2023. Determine if they are still critical to corporate objectives for 2024. If yes, implement a talent acquisition plan.
  4. Examine all data sources and information flows for integrity and accuracy. Form a relocation integration program project team to Identify instances that can be automated with effective relocation advanced programming interfaces (APIs).
  5. Identify current short-term assignments that can be further extended in support of corporate objectives. This will reduce costs relating to repatriation and re-assignment.

Long-Term Assignment Policy Review Points

  1. Determine areas in the relocation process where the company owes a higher duty of care than previously expected. Examples include programs and costs relating to transferees unable to return to their original locations due to pandemic-cause restrictions.
  2. Correlate talent acquisition and management programs to ensure consistency in achieving objectives across the company.
  3. Leverage virtual relocation solutions that enhance the transferee’s experience and provide added value to the company.
  4. Focus on process simplification and cost reduction. Use the lessons from 2020’s expanded virtual relocation solutions to modify your company relocation policy to adopt new technologies and procedures.
  5. Look to future corporate initiatives to determine appropriate company relocation policies, plans, and budgets. Ensure alignment with company objectives relating to growth, expansions, mergers, acquisitions, and divestitures.

Get in Touch with GMS for More Helpful 2022 Tips

At GMS, we understand that each company runs differently, meaning everyone will have different needs regarding relocation benefits. Our team has been helping companies construct some of the most competitive relocation packages for over 25 years. With 2024 now here, it’s time to ensure all your bases regarding relocation are covered. GMS recommends that clients thoroughly review their company relocation policy every 12 to 18 months. Following all the impacts of the COVID-19 pandemic on relocation, this review is critically important to ensure your company can respond effectively for regulatory, tax, and reporting purposes.

If you found this company relocation policy checklist useful, please refer to our Knowledge Base for more helpful blogs, case studies, and industry news. If you want to continue success with your employee relocation program and relocation packages, please feel free to reach out to Global Mobility Solutions for all your corporate 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
Corporate relocation tips Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Global Relocation Challenges Global Relocation Tips

Navigating the Exciting Journey of Relocating for Work

young female employee smiling while speaking with coworker
Business colleagues having a conversation. They are both young business people casually dressed in a modern office. Could be an interview or consultant working with a client. She is listening and smiling. One person has her back to us. Mixed ethnic group. One is African American and the other is Caucasian

Things to keep in mind when going through the relocation process for your new job

Are you ready to take the leap and relocate for your career? Moving to a new workplace can be an exhilarating adventure, filled with opportunities for personal and professional growth. However, it can also be a daunting task that requires careful planning and execution. We will explore the exciting journey of relocating for work, offering valuable insights and tips to help you navigate this transition smoothly.

Relocating for work can be a thrilling experience, opening doors to new possibilities and fresh beginnings. However, it’s essential to approach this journey with a well-thought-out plan to ensure a seamless transition. Here are some key things to remember as you embark on this exciting adventure.

Remember to be patient with yourself during the adjustment period. Moving for a new job can be overwhelming, and it’s natural to feel a mix of excitement and anxiety. Give yourself time to adapt to the changes, and remember asking for help when needed is okay.

Planning Your Move

Before diving headfirst into packing boxes and booking flights, starting with a well-thought-out plan is essential for a successful relocation process. Here are some critical steps to consider as you embark on this exciting journey.

Research Your New Destination

Begin by thoroughly researching your new location. Familiarize yourself with the local culture, cost of living, and job market. This will help you make informed decisions about your move and ensure a smoother transition.

Secure Housing and Budget Wisely

Finding a suitable place to live is a top priority. Start your search early and consider factors like proximity to your workplace, public transportation, and the neighborhood’s amenities, whether you’re renting or buying.

The journey of relocating for work can be costly, so create a budget that includes moving expenses, housing costs, and any unforeseen expenses that may arise during the transition. Having a financial cushion will alleviate stress and help you settle in comfortably.

Network in Advance

Reach out to colleagues or industry contacts in your new city before your move. Networking can help you establish a support system and gain insights into your new work environment. Attend local professional events or join online forums and social media groups related to your industry in the new location.

Engaging with professionals who are already established in the area can provide valuable information about job opportunities, local business culture, and even hidden gems in your new city. Building these connections in advance will ease your transition and set the stage for potential career growth in your new work environment.

Making the Move

With your plan in place for relocating for work, it’s time to start making the physical move. Here are some practical tips to help you relocate smoothly.

Declutter, Organize and Hire Professional Movers

Take this opportunity to declutter your belongings. Donate or sell items you no longer need to lighten your load and reduce moving costs. Consider hiring professional movers to handle the heavy lifting. They have the expertise to safely pack and transport your belongings, giving you more time to focus on other aspects of your move.

Pack Essentials Separately

Pack a separate bag with essential items like clothing, toiletries, important documents, and any items you’ll need immediately upon arrival. This will save you from digging through boxes during your first days in your new home.

Settling In

Once you’ve arrived at your new destination, it’s time to settle in and embrace your new surroundings. Here’s how to make the most of this exciting phase.

Explore Your New Community and Meet New People

Take the time to explore your new neighborhood and city. Visit local attractions, restaurants, and parks to get a feel for your surroundings. Don’t hesitate to leave your comfort zone and meet new people. Join local clubs, attend networking events, or use social media to connect with others in your industry or community.

Establish a Routine

Settling into a new job and location can be overwhelming. Establishing a daily routine can provide stability and help you adapt more quickly. A well-structured way not only aids in acclimating to your new surroundings but also enhances productivity.

Start by setting aside time for essential activities such as exercise, meal planning, and rest. Allocate time for exploring your new city or engaging in hobbies you enjoy. This balanced approach ensures that your transition is not just about work but also about embracing your new location’s lifestyle opportunities.

Maintaining Work-Life Balance

Balancing your career and personal life is crucial when relocating for work. It can be vital if you are going through work-related stress, mental health issues, or addiction recovery. If this is the case, the effect of stress on your recovery can be triggering and hinder the process. Here are some tips to help you achieve that equilibrium:

Manage your time effectively: Prioritize your tasks and avoid overloading yourself with work. Managing your time effectively will allow you to make the most of your new surroundings while ensuring you have the necessary space to focus on your recovery journey.

Stay connected with loved ones: Relocating might mean leaving loved ones behind. Stay connected with them through regular calls, video chats, and visits to maintain your support system.

Embrace the Journey of Relocating for WorK

Relocating for work can be a transformative experience that opens up new opportunities and horizons. While it may come with its fair share of challenges, careful planning, a positive attitude, and a willingness to adapt can make the journey manageable and truly exciting. So, take the leap, embrace the adventure, and watch your career and personal growth flourish in your new home. Your journey of relocating for work is a chapter waiting to be written, with endless possibilities.

In conclusion, relocating for work is an exciting journey filled with endless possibilities. By conducting thorough research, finding suitable housing, organizing the logistics, building a social network, exploring your new surroundings, and being patient, you can navigate this transition smoothly and make the most of this thrilling adventure.

Global Mobility Solutions has been helping employees get from point A to point B for over 30 years. Our expert team of relocation professionals allows companies to construct comprehensive relocation packages that make the moving process seamless for employers and employees. Contact our team today to set up a free consultation.

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

Group of business people at the office, two of them shaking hands for successful deal, colleagues around applauding
Group of business people at the office, two of them shaking hands for successful deal, colleagues around applauding

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
Global Relocation Challenges Global Relocation Tips Global Relocation Trends Visas and International Travel

What is Good Guanxi in China’s Culture?

business team mixed with Americans and Chinese working well together
Multiethnic team busy discussion using laptop, digital tablet. Coworker partnership, college student meeting. Small business casual office, freelance designer job, or online marketing analysis concept

Learn more about Relationships and Doing Business in China

What is good guanxi (pronounced gwon-she) in China’s culture? 

In some cultures, the task at hand is the primary focus of business. These cultures tend to use clear language and have direct communication styles. It is easy to see whether a product, a transaction, or an activity benefits each party. Relationships are not the primary driver of economic activity.

In China, the main priority in business is building and maintaining relationships rather than focusing solely on completing tasks. The culture in China places great importance on whether a relationship can bring about connections or benefits for both parties. The term “guanxi” embodies these relationships.

Parties that accept guanxi must return it in equal measures. While guanxi can take many forms, it should be seen as given voluntarily. Exemplary forms of guanxi may result in lower obstacles to doing business in China. Guanxi must also be maintained going forward to keep the relationship adequately positioned.

How Should a Company Build Good Guanxi?

A few general guidelines exist for companies that want to do business in China. The company should build a business network with a focus on good guanxi:

  • Introductions should be made by those who already have good guanxi with the prospect
  • First meetings should be in person, not by electronic devices
  • Remember that the relationship is at the personal level, not the organizational level
  • It may take longer to build good guanxi than you might expect
  • Dependability and reliability must be hallmarks of the relationship
  • Trust is with the network and the connections, not with the organization

What are Important Points to Consider for Good Guanxi?

While understanding guanxi will generally help those looking to do business in China, the concept has essential nuances. As a result, working to generate good guanxi may result in poor business relationships. Points to consider include:

  • The downsides to guanxi that sometimes correlate with questionable business practices
  • Fundamentals of business are essential, and good guanxi alone may not provide solutions
  • You must view guanxi across individuals, government structures, and corporate organizations
  • Good guanxi may vary by location, industry, and corporate focus

What Does This Mean?

Companies looking to develop operations or expand business opportunities in China must understand guanxi. China has a distinct culture and rich history, just as all countries do. 

As a result, there is rarely a single answer or a simple guide for a company seeking to do business in China. Research, education, and understanding the importance of business relationships and good guanxi will help companies determine how to proceed with their strategic objectives.

What Should Employers Do?

Companies with plans for business expansion should work with an experienced and knowledgeable Relocation Management Company (RMC). RMCs provide the necessary insight and solutions, including cultural and language training. A trusted RMC can help companies understand China’s culture, history, government, and industrial sectors. Companies should also learn the concept of guanxi and examine how to develop a network of business relationships.

Companies looking to test their expansion efforts in China might benefit from an International Professional Employer Organization. This is a global employment solution where a third party in a foreign country hires employees on your company’s behalf.

Companies contemplating the relocation of newly hired employees or transferees to China ought to assess their relocation schemes to guarantee their competitive edge and ensure that their employees receive top-notch relocation benefits and services.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients understand how they can quickly expand their business operations to new locations. Our team can help your company understand how to develop in China, focusing on good guanxi through relocation or utilizing an International PEO.

Learn best practices from Global Mobility Solutions, the relocation industry, and technology experts dedicated to keeping you informed and connected. Contact our experts online to set up a free consultation.

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 Relocation Global Relocation Challenges Global Relocation Tips Global Relocation Trends

What To Do If You Lose Your Passport Overseas

businessman on plane smiling while speaking to other passengers
Business meeting on the train

Losing your passport while abroad seems like a nightmare, but it’s a straightforward process to replace it on the fly

It can seem like every international traveler or transferee’s worst nightmare, packing up to head to the airport and realizing your passport is not where it has been in your head. Panic can set in motion. How are you supposed to get home? Or to your next destination? Will you lose your job? How can you board the plane without it? 

While it can be a significant hassle to lose your passport while traveling abroad, and it no doubt can cost some money, it’s important to remember that it is not the end of the world. Easier said than done; try to remain calm if your passport is missing the day you are supposed to return home or move on to your next destination. And you should also know that losing a passport is a common issue international travelers face. 

When you realize that a passport has been lost, it is essential to double, triple, and quadruple-check every place it could be. Because once you contact the proper authorities to do so, the officials will invalidate the existing passport over the phone. If you call it lost and find it 10 minutes later, you might have to go through this process anyway. 

But here are some tips to keep in mind if you lose your passport while on an international relocation assignment or while traveling overseas on vacation:

Contact the Nearest U.S. Embassy

This might seem like a no-brainer, but the truth is that when the panic sets in for a lost passport, most people instantly stay on hold while trying to contact the airport. You can skip that step and call the nearest U.S. Embassy or Consulate. You can use this link to find the closest one to you:
https://www.usembassy.gov/ 

In most cases, those who have lost a passport will have to set what is called “an emergency passport appointment,” which is typically granted the next day. The process varies from embassy to embassy, but no matter where you are, you should be able to get help fairly quickly. This appointment is meant to get a person in your situation an emergency passport in order to travel back home. 

It is imperative to tell the consular officer if your passport has been stolen and when you are planning to leave, especially if it is soon. This information is necessary to determine whether you need a full-validity or limited-validity emergency passport, which will help ensure your travel is safe and successful.

It has to be noted that consulates or embassies usually cannot issue passports during weekends or holidays except for emergencies threatening life or death.

Documents that Can Help Replace Your Passport

The process of getting a replacement passport or emergency passport can vary depending on which country you are located in and your destination. 

To have a chance at expediting the process, having these documents ready to go in hand can help in a significant way: 

  • Valid ID such as your driver’s license
  • Passport photo
  • Evidence of U.S. citizenship, such as a birth certificate (probably a more realistic and more accessible way is to keep a colored photocopy of your passport in a suitcase while traveling or moving)
  • Travel itinerary
  • A police report of a stolen passport, if applicable 

There are also two forms you will have to fill out. The first one is just a standard U.S. passport application. The second form needed is a statement to invalidate your lost or stolen passport.

Fees and Costs to Replace Your Passport

This is a challenging part of the conversion. You will have to pay the passport application fee for replacement. There are a few instances where the costs may be waived, but the situation must be highly intense.

GMS Is Here to Help with Travel Documents

Global Mobility Solutions (GMS) offers full-service relocation programs. We have been the industry leader since 1987 and work with some of the best relocation experts in the world. Delivered within our services are visa and immigration management. These services include ensuring all overseas employees have the correct documents, including passports, to legally enter and work in the country. 

To learn more about how GMS can help your company with its international relocation needs, contact us today to set up a free 1-on-1 meeting with one of our relocation coaches. Our team is happy to help make the global relocation process more seamless for your employees and their families.

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 Tips Domestic Relocation Trends Global Relocation Tips Global Relocation Trends

What Are the Benefits of Outsourcing Global Relocation Services?

cheerful young manager handshake with new employee
Portrait of cheerful young manager handshake with new employee.

learn why your company should work with a relocation management company for talent mobility

What are the benefits of outsourcing global relocation programs? For companies that have steady moving needs, there are many benefits to outsourcing this strategic function. Most learn they need to gain the knowledge and experience to manage talent mobility with in-house resources effectively. Outsourcing this critical activity provides them access to the industry’s best practices and thought leadership that will help their company’s international relocation program achieve success with virtually all relocation assignments.

There are five distinct benefits clients can gain from outsourcing their global relocation services with a trusted relocation management company (RMC):

Cost Management

For most clients, managing relocation costs is one of the most important reasons driving their choice to outsource relocation. 71% of companies working on relocation in-house need to be made aware of their total internal operating expenses. A lack of knowledge of the actual costs of relocation prevents the company from understanding how to utilize resources efficiently. They also cannot gain the most benefit from their global relocation program. A solution that provides full expense tracking and reporting is one of the top features clients seek as they consider outsourcing their global relocation program so that costs can be fully identified and reviewed for budgetary impact and program performance.

Savings With Outsourcing Global Relocation Programs

Outsourcing global relocation services should allow clients to obtain more significant cost savings. Some RMCs are not independent. As a result, they often do not seek multiple bids for household goods shipments and other services. An independent RMC provides clients with several opportunities to receive and review proposals on services, and this helps keep costs lower than other RMCs that don’t seek competitive bids.

Compliance

Transferees and their families often have questions about tax issues, visa applications, and other reporting requirements related to their global relocation assignment. To avoid putting the client’s company at risk for providing incorrect or insufficient guidance and advice, outsourcing global mobility management can provide expert guidance on unique relocation needs to help transferees find the right solution and help clients avoid any risks related to transferee requests.

Program Enhancements Through Outsourcing Global Relocation Programs

In-house programs only sometimes provide enhancements such as pre-decision tools, candidate assessments, auto lease programs, home purchase programs, and other value-added services. Choosing to outsource relocation services provides access to these services. Transferees and their families highly value these relocation program enhancements. Additional valued services include community tours, language training, outplacement services, school reports, and moving cost estimates.

Focus on Their Core Competencies

Working with an RMC lets human resources, compensation, benefits, and recruiting professionals focus on their core competencies. As a result, they can provide the best service in these business areas. In turn, experts at an RMC give the client’s international relocation program the best service. Choosing an RMC with the knowledge and experience to manage their entire program provides peace of mind and assurance that costs will be managed effectively, relocations will be successful, and transferees and their families will be satisfied with their experiences.

Work with the Best Global Relocation Service Provider

Global Mobility Solutions (GMS) has been helping customers get their employees from point A to point B since 1987. Our wide range of services and expert relocation specialists allow your company to get the necessary package. GMS will assist your company in putting together a global relocation plan that makes sense for your company and employees, all while staying within a realistic budget. If you are ready to discuss more about our offerings, please set up a free consultation with one of our business development managers by filling out this form.

We look forward to working with you!

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

young family moves into a new house
The young family moves into a new house. They walk through the yard with their hands full, carrying cardboard boxes and go to the front door of the house.

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
Corporate Relocation Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Global Relocation Global Relocation Challenges Global Relocation Tips Relocation Policy Review Talent Mobility

Family Matters and Career Support for Spouses Impacted by Relocations

Couple on floor next to moving boxes

Learn why it’s important to include family and spousal support in relocation assignments

Relocating employees often have questions regarding their children’s education, family healthcare, eldercare, and the job market and career support for their accompanying partner or spouse. Understanding your employee’s needs is essential to their relocation process. By providing valuable resources for transferees and their families, your company can help ensure a successful relocation.

In Worldwide ERC’s report, U.S. Transfer Activity, Policy & Cost Survey, the average cost to relocate a home-owning employee is approximately $79,000. Family concerns about the relocation often make employees reluctant to accept transfer assignments. Reasons include fears about the new location, spouse reluctance to leave their current position, housing market issues, and cost of living differences. There are many actions employers can take to ensure their employees and family members have a positive relocation experience.

Pre-Decision Services

Your company should provide Pre-Decision Services for employees to help them learn about the relocation assignment. Candidate assessments and family pre-decision evaluations help your company determine the employee’s expectations, skills, personal qualities, family situation, and financial readiness for the relocation. Helpful information your company can provide to the employee and their family for their decision-making process includes:

  • Cost of living analysis
  • Market analysis for home sales
  • School reports
  • Moving cost estimates
  • Community searches and tours to familiarize employees and their family members with the new location

Significant benefits to the organization include increased job acceptances, accurate budgets, minimal policy exceptions, and cost savings. Benefits for employees include expert counsel to help understand all their relocation assistance, a dedicated consultant and support services for spouses and partners.

Career Support

Your company should provide career support services to the partners and spouses of relocating employees. An experienced and well-qualified Relocation Management Company (RMC) can provide industry best practices and a relocation benchmarking study for guidance on how to set up your relocation program. Career support should include the following:

  • Comprehensive career assistance that reviews a candidate’s experience, identifies personality type, discusses the importance of corporate culture, develops an application schedule and goals, offers resume review, provides networking and interview preparation, and assists candidates in navigating job listings and online resources.
  • Access to the company’s network of recruiters it uses for its staffing requirements; some Relocation Management Companies (RMCs) can provide access to a larger recruiter than the company’s current in-house program.
  • Partners or spouses may have a small business with unique needs and require specific guidance when relocating their business. Resources for partners or spouses looking to start a new business or relocate an existing company may include market analysis, networking assistance, and introductions to the startup community in the new location.

Family Support

Relocating employees and their family members often deal with several stressful factors and situations as they relocate. Your company can help smooth the process by providing resources to help everyone acclimate to their new location. Relocation programs should include resources for settling into the area, such as:

  • Access to online resources and community networks in the new location
  • Attaining a local driver’s license
  • Child care arrangements
  • Connecting utilities and arranging for installations
  • Interim health insurance coverage
  • Locating a primary care physician in the new location

Let GMS Assist Your Employees and Their Families

Providing a full range of career support and other resources for transferees and their families serves to ensure successful relocations. The corporate relocation experts at Global Mobility Solutions (GMS) have the knowledge and expertise to help your company assess candidates for assignments and provide your employees and their family members with the best relocation experience.

Contact our team of experts to discuss how we can help strengthen your relocation assistance offerings. We will ensure your company stays competitive in job offers with comprehensive relocation packages. Then, we will assist your employees in the most seamless relocation process possible.

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.

Other Services

Our Technology

Global Relocation

Group Moves

U.S. & Canadian Relocation

About

About Us

Careers

GMS Client Login

Privacy Policy

 

Contact

Contact Us

Address

Global Mobility Solutions
15333 N. Pima Road
Scottsdale AZ, 85260

1.800.617.1904 

Available 24/7/365

About

Contact Us

About Us

GMS Client Login

Privacy Policy

Other Services

Our Technology

Global Relocation

Group Moves

U.S. & Canadian Relocation

Address

Global Mobility Solutions
15333 N. Pima Road
Scottsdale AZ, 85260

1.800.617.1904
Available 24/7/365

About

Contact Us

About Us

GMS Client Login

Privacy Policy

Address

Global Mobility Solutions
15333 N. Pima Road
Scottsdale AZ, 85260

1.800.617.1904
Available 24/7/365

Accessibility by WAH

Looking for something?