Category: Relocation Best Practices

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Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Tips Household Goods Relocation Best Practices Relocation Management

Best Practice for Relocation: Multiple Bids for Mortgage Services

small business owner working with employees

Learn how a multiple-bid process can keep relocation costs in check

Very few people will walk into a car dealership, point to a vehicle, and say, “Let’s sign a contract.” Most of us will compare the prices offered by a few area dealerships. When the salespeople know that they have competition, they begin reducing the vehicle’s initial cost.

However, many relocation management companies (RMCs) either own or are owned by mortgage companies. Therefore, when a client company wants to move its employees, the employees do not have a choice of lenders. The RMC and the mortgage lender know that the transferee is at their mercy concerning price, scheduling, and customer service.

Some RMCs use a multiple-bid process to ensure that transferees are getting the best price and service. There are some significant benefits to going through an RMC and having their mortgage lenders compete for relocation business:

Lenders are motivated to offer competitive rates and minimal closing costs. They are willing to be flexible with their approval criteria for individuals referred by an RMC. These borrowers can access special discounts and mortgage programs exclusive to RMC referrals. To ensure the best deal, at least three lenders submit bids for the borrower to compare mortgage estimates. These estimates are based on the borrower’s financial capacity, loan amount compared to property value, and the terms of available mortgage programs. This process is considered a standard practice for optimal results.

Each lender understands that its objective is to win the business. Therefore, they provide mortgage estimates that are fair and accurate with relatively no cushion to the costs.

Helping Keep Relocation Costs in Check

When utilizing multiple bids for mortgage services, transferees save an average of .32% on their mortgage rate. What does this mean for transferees? The lower rate will allow transferees to explore more options, such as larger houses, better neighborhoods, or simply enjoying the monthly savings.

With multiple lenders providing bids, transferees can compare and choose the best mortgage rate. This saves them money in the long run and gives them the flexibility to consider different housing options that may have been out of reach with a higher mortgage rate. Ultimately, this process helps keep relocation costs in check and allows transferees to make the most of their new living situation. With the potential savings on their mortgage rate, transferees can focus on settling into their new home and community without the added financial stress.

While cost is essential, so is the transferee’s experience. Allowing the transferee to meet with multiple mortgage lenders will engage him or her more in the relocation process. This promotes an overall good experience because transferees tend to be happier if they feel that they are being heard throughout the relocation process. And we all know that happy employees are productive employees.

GMS Offers Companies Freedom of Choice

Global Mobility Solutions (GMS) pioneered the “Freedom of Choice” model in relocation. By providing multiple bids for an array of providers, client companies and their transferees have saved money on services like household goods movement and mortgage loans. GMS continues innovating best-practice workforce mobility programs to make relocations easy and practical for clients and their employees.


This unique approach gives companies more control over their relocation budget and ensures that transferees have options that best suit their needs. By offering freedom of choice, GMS can tailor relocation packages to fit the specific requirements of each individual or family, making the entire process more personalized and efficient. This not only saves the company money but also helps reduce stress and uncertainty for the transferee, leading to a smoother transition and a more positive experience overall. With GMS leading the way in innovative relocation solutions, companies can trust that their employees will be cared for during the relocation process.

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Corporate relocation tips Domestic Relocation Tips Home Purchase Relocation Best Practices

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

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

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

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

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

Before Traveling to Your Destination

1. Visa Status and Requirements

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

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

2. Planning for Your Family

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

While in Destination

3. Create a Planned Agenda

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

4. Engage in Activities

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

Essential Contacts

5. Build a Support Network

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

6. Consider Employee Engagement

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

Financial and Cultural Considerations

7. Understand Tax Implications

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

8. Language and Cultural Training

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

9. Security Briefings

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

GMS Can Assist with Employee Relocation

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

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

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

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

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Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Household Goods Relocation Best Practices Relocation Policy Review Relocation Programs

Lump Sum Relocation Packages: What are the Advantages? What are the Disadvantages?

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What are lump sum relocation packages?

Global Mobility Solutions recently surveyed its clients to determine the impact of lump sum relocation packages on their organizations. Industry trends arising this year are having a direct effect on transferees. Often, these trends become visible through business intelligence and data analytics.

Lump sum relocation packages are a specific amount of money that employers offer to transferees or new hires. This money replaces relocation benefits such as household goods moves, culture and language training, or home-finding assistance. Employers expect employees to receive a lump sum payment to manage their relocation process.

Advantages of Lump Sum Relocation Packages

The advantages of lump sum relocation packages relate to helping employers simplify the process. The main benefit is that employers and their mobility managers have fewer complications around relocation support. Providing support during an employee’s relocation is reduced to answering questions about when the lump sum funds will be available. Additionally, lump sum packages allow employees greater flexibility in how they choose to spend the money. Instead of being tied to specific services, employees can allocate funds according to their unique needs and preferences. For instance, some may prioritize hiring professional movers, while others might opt for temporary housing or travel expenses. This autonomy can lead to a more personalized and satisfying relocation experience.

Lump sum packages also encourage employees to take responsibility for their relocation. With a set amount of money, employees must plan and budget their expenses wisely. This can foster a sense of ownership over the relocation process as they make decisions that best suit their circumstances. It can also lead to more thoughtful planning as employees weigh the pros and cons of different options.

Budgeting and Forecasting

Another simplification for employers revolves around budgeting and forecasting. Instead of working to understand the actual costs of hiring new employees or transferring employees from one location to another, the budget process is tied to a number that is applied across the board based on tiers in the relocation program. An executive homeowner with a family relocating from Duluth, MN, to New York, NY, is given the same lump sum payment as another executive renter relocating from Las Vegas, NV, to Fort Wayne, IN. The renter will pocket a significant amount of money. However, the homeowner will not have enough funds to move their family.

Disadvantages of Lump Sum Relocation Packages

Lump-sum relocation packages make administration and budgeting more accessible for employers. However, there are several disadvantages employers are beginning to see in their organizations. First among these disadvantages is that many lump sum payments do not adequately cover all of an employee’s relocation costs. GMS’ 2019 Lump Sum Survey shows that employees spend more, sometimes significantly more, on their relocation than their lump sum payment. This includes:

  • 61 % of homeowners reported spending more
  • 50% of renters reported spending more

Employee Dissatisfaction

Ultimately, more than half of relocating employees need more lump sum cash to cover expenses. Naturally, this results in a higher level of dissatisfaction with the organization’s lump-sum relocation packages. Overall, dissatisfaction with lump sum payments follows these patterns:

  • 58% of homeowners reporting dissatisfaction
  • 53% of renters reporting dissatisfaction

Loss of Control

A significant disadvantage is the employer’s loss of control over spending budget dollars. Lump sum relocation packages disbursed directly to employees may result in company funds being spent on non-relocation expenses, including cars, televisions, vacations, or other items. Funds spent on non-relocation costs do not support the successful relocation of the employee. As a result, the relocation may be at a higher risk of failure. 

Additionally, this lack of oversight can lead to inconsistencies in how employees utilize their relocation funds. Some may prioritize essential moving expenses, such as hiring professional movers or securing temporary housing, while others might allocate their budgets toward personal indulgences. This disparity can create a sense of inequity among employees, as those who spend wisely may still face challenges in their relocation process. In contrast, others may find themselves financially comfortable but unprepared for the logistical aspects of moving.


Moreover, the unpredictability of lump-sum payments can complicate the relocation experience. Employees may underestimate the true costs associated with moving, leading to financial strain when unexpected expenses arise. For instance, last-minute repairs on a home, increased transportation costs, or the need for additional storage can quickly deplete the funds, leaving employees feeling stressed and unsupported.

To address these issues, organizations might consider offering more structured relocation packages that balance flexibility and support. For example, a tiered approach could allow employees to access funds based on specific needs, prioritizing essential relocation expenses while giving them autonomy over their choices. This way, companies can maintain better control over their budgets while enhancing employee satisfaction and reducing the risk of relocation failure.
Ultimately, a thoughtful approach to relocation packages can foster a more positive employee experience, leading to smoother transitions and greater overall satisfaction with the organization’s support. By recognizing the complexities of relocation and adapting their strategies accordingly, employers can create a win-win situation that benefits both the company and its employees.

Inefficiencies

Many GMS clients achieve significant spending reductions with relocation programs that follow industry best practices. A major GMS client recently conducted an in-depth study of their relocation program expenses. This client learned that if their organization moved to a lump sum program, they might increase their relocation program expenses by 40%. In other words, by following industry best practices, this client keeps relocation budget dollars that otherwise would have been spent on inefficient lump-sum relocation packages. Any GMS client can achieve the same reduction in relocation costs through:

  1. Benchmarking their relocation policy to industry best practices
  2. Efficient relocation program operation
  3. Providing support to transferees that they need
  4. Using business intelligence and data analytics to understand the actual costs of their relocation program
  5. Utilizing a competitive vendor network of relocation service providers

What Does This Mean?

Companies that offer lump sum relocation packages could save a significant amount of budget by following industry best practices. Lump sum payments let employers simplify their internal support, budgeting, and forecasting processes. However, this simplification may cost employers up to 40% or more of their relocation budget. It also results in over half of transferees reporting dissatisfaction with their relocation packages.

What Should Employers Do About Lump Sum Relocation Packages?

Employers with transferees or new hires who are recent college graduates, individual contributors, or new to their professional careers may be the best candidates for lump sum relocation packages. These employees are often renters and may not have a significant amount of household goods to move to a new location. Also, they tend not to require a significant investment in talent acquisition, as they compete for lower-tier positions.

Industry best practice is to provide a range of benefits for employers who have new hires and transferees at higher tiers. Employees at higher tiers often require a significant investment in talent acquisition. Benefits that help ensure successful relocations also result in higher employee satisfaction.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to create relocation policies that attract and retain talent. Our team can help your company provide the best experience for transferees and new hires with lump-sum relocation packages.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators and revolutionized the relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss how your company can leverage lump sum relocation packages for new hires and transferees, or call us at 800.617.1904 or 480.922.0700 today.

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

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Global Mobility Global Relocation Global Relocation Tips Relocation Best Practices

10 Documents Needed for International Relocation

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Full length portrait of happy family unloading boxes from car trunk while moving into new house with pet dog

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!

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

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

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

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Relocation Best Practices Relocation Management

Why It’s Important to Leverage Your RMC for Household Goods Shipping

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Airplane flying above container port.

Learn why you should lean on your relocation management provider for household goods shipments

When individuals move to a different place due to job transfers or new employment, they usually need assistance transporting their personal belongings. This relocation process often needs to be done according to a set schedule. The employer must ensure the relocated person has a smooth and successful moving experience. A reputable Relocation Management Company (RMC) can guarantee professional handling of household goods within specified timeframes and provide service assurances.

Transferees who are relocating to start a new job and need to organize the transportation of their household belongings encounter various difficulties. They may have to research reliable options for moving their goods. Once they have conducted this research, they must obtain quotations for the transportation. Although the Federal Motor Carrier Safety Administration offers valuable advice, tips, and guidelines to assist individuals in their search for a moving company, many employees require additional time to select a trustworthy moving service. 

In addition, although beneficial lists are valuable for comprehending the basic procedures, they might require a significant amount of time for a staff member to completely grasp and evaluate the data and feedback they acquire from numerous relocation firms. Occasionally, untrustworthy relocation firms unintentionally subject employees to subpar services.

How RMCs Assist with Household Goods Moves

Employers should collaborate with a competent Relocation Management Company (RMC) that can offer valuable advice and support for transporting personal belongings. This way, employees relocating or joining a new company can concentrate on their new roles while also tending to their family and work obligations. A capable RMC should obtain various quotes for the transportation of personal belongings to ensure the most favorable prices. Additionally, RMCs should have protocols to guarantee service standards are met and suppliers adhere to predetermined performance criteria.

The Global Mobility Solutions (GMS) team, composed of global relocation specialists, has spearheaded a major corporate endeavor under Ann Knapp, the Director of Transportation Services. This endeavor has resulted in developing Curbside Manner™, a benchmark of excellence against which all GMS Transportation Partners are evaluated. Curbside Manner™ mandates that transportation partners treat every customer fairly and respectfully throughout their relocation journey. Additionally, every transportation team member must approach each move with utmost professionalism, courtesy, and dedication to service.

Employers must ensure that employees being transferred or newly hired can easily find a reputable relocation management company (RMC). The RMC will be able to obtain various transportation cost estimates and coordinate the shipping of household goods. They will also provide excellent service and ensure that the employees’ belongings are moved efficiently, allowing them to concentrate on their new job duties.

GMS Specializes in Household Goods Moves

The team of relocation specialists at Global Mobility Solutions assists numerous clients in transferring and hiring new employees by facilitating the transportation of their household goods. Consequently, we can provide your company with valuable insights on effectively using our comprehensive Pre-Decision Services, including moving cost estimates, to ensure successful relocations. 


Benefit from the expertise of Global Mobility Solutions, a dedicated group of professionals in the relocation industry and technology who are committed to keeping you informed and connected. Contact our knowledgeable team!

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Global Relocation Challenges Relocation Best Practices Relocation Technology

The Importance of Data Privacy in the Global Mobility Industry

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Two technology professionals work diligently in a bright office setting, one focusing on a laptop while the other engages with a large monitor, coding together.

Why Relocation Management Companies Have to Take Data Privacy and Security Seriously

In today’s digital age, maintaining data privacy is essential as it goes beyond protecting identities to safeguarding personal information that can significantly impact individuals’ lives. Consumers seek convenience and speed, particularly in global travel, yet these benefits often come with a trade-off of privacy and ethical data handling. Companies offering features like biometric logins and tailored marketing campaigns face unique challenges that require thorough evaluation. Unfortunately, risk assessments are often overlooked when responding to customer requests quickly.

As technology advances, the need for data privacy and security in the global mobility industry becomes more pressing. Relocation management companies, in particular, must prioritize protecting personal information to maintain trust with their clients. With the increasing use of biometric data and personalized services, the risks of data breaches and misuse are higher than ever.

Businesses in the global mobility industry must conduct thorough risk assessments and implement robust security measures to safeguard sensitive data. Ignoring these risks in favor of meeting client demands quickly can lead to severe consequences, including legal liabilities and reputational damage.

By taking data privacy and security seriously, relocation management companies can protect clients’ information and build a reputation as trustworthy partners in the global mobility industry. Prioritizing data privacy is a legal requirement and a strategic decision that can set businesses apart in a competitive market.

Key Elements of Data Protection

The first steps in creating an effective data management system involve sorting and organizing data. This includes identifying the types of data needed, understanding how data is used internally, evaluating how data is shared externally, and determining where data should be stored, a process known as data mapping. Companies must also navigate through regulations by identifying data protection requirements, often requiring the expertise of a data protection officer or legal advisor.

Incorporating privacy into a company’s design strategy requires careful integration into systems and processes and a deep understanding of data collection and privacy laws. Effective data management includes clear privacy policies, limited data collection for specific purposes, secure data handling, timely data deletion, and quick responses to data access and deletion requests.

Ongoing training and supervision are necessary for proper data management. Organizations should offer training sessions, anonymous reporting options, surveys, audits, and incentive programs to educate employees and supply chain partners about data privacy and security. Data privacy constantly changes and requires continuous enhancements and monitoring to comply with relevant laws and regulations.

The global mobility sector is evolving in its approach to handling sensitive data, focusing on privacy-oriented strategies and robust data protection measures. By adhering to regulations and implementing these practices, organizations can enhance trust with transferees and clients and improve the reliability and quality of their services throughout the relocation process.

Your Data Is Safe with GMS

Global Mobility Solutions (GMS) is one of the few international relocation companies with SOC 2 certification. At GMS, we take data privacy and security seriously. Our SOC 2 certification demonstrates our commitment to protecting your sensitive information throughout the relocation process. We understand the importance of maintaining the confidentiality and integrity of your data, and we have implemented stringent measures to ensure that your information is safe with us. By choosing GMS for your relocation management program, you can trust that your data is in good hands. Contact us today to learn more about our data protection practices and how we can help you with your relocation needs.

Why Relocation Management Companies Have to Take Data Privacy and Security Seriously

In today’s digital age, maintaining data privacy is essential as it goes beyond protecting identities to safeguarding personal information that can significantly impact individuals’ lives. Consumers seek convenience and speed, particularly in global travel, yet these benefits often come with a trade-off of privacy and ethical data handling. Companies offering features like biometric logins and tailored marketing campaigns face unique challenges that require thorough evaluation. Unfortunately, risk assessments are often overlooked when responding to customer requests quickly.

As technology advances, the need for data privacy and security in the global mobility industry becomes more pressing. Relocation management companies, in particular, must prioritize protecting personal information to maintain trust with their clients. With the increasing use of biometric data and personalized services, the risks of data breaches and misuse are higher than ever.

Businesses in the global mobility industry must conduct thorough risk assessments and implement robust security measures to safeguard sensitive data. Ignoring these risks in favor of meeting client demands quickly can lead to severe consequences, including legal liabilities and reputational damage.

By taking data privacy and security seriously, relocation management companies can protect clients’ information and build a reputation as trustworthy partners in the global mobility industry. Prioritizing data privacy is a legal requirement and a strategic decision that can set businesses apart in a competitive market.

Key Elements of Data Protection

The first steps in creating an effective data management system involve sorting and organizing data. This includes identifying the types of data needed, understanding how data is used internally, evaluating how data is shared externally, and determining where data should be stored, a process known as data mapping. Companies must also navigate through regulations by identifying data protection requirements, often requiring the expertise of a data protection officer or legal advisor.

Incorporating privacy into a company’s design strategy requires careful integration into systems and processes and a deep understanding of data collection and privacy laws. Effective data management includes clear privacy policies, limited data collection for specific purposes, secure data handling, timely data deletion, and quick responses to data access and deletion requests.

Ongoing training and supervision are necessary for proper data management. Organizations should offer training sessions, anonymous reporting options, surveys, audits, and incentive programs to educate employees and supply chain partners about data privacy and security. Data privacy constantly changes and requires continuous enhancements and monitoring to comply with relevant laws and regulations.

The global mobility sector is evolving in its approach to handling sensitive data, focusing on privacy-oriented strategies and robust data protection measures. By adhering to regulations and implementing these practices, organizations can enhance trust with transferees and clients and improve the reliability and quality of their services throughout the relocation process.

Your Data Is Safe with GMS

Global Mobility Solutions (GMS) is one of the few international relocation companies with SOC 2 certification. At GMS, we take data privacy and security seriously. Our SOC 2 certification demonstrates our commitment to protecting your sensitive information throughout the relocation process. We understand the importance of maintaining the confidentiality and integrity of your data, and we have implemented stringent measures to ensure that your information is safe with us. By choosing GMS for your relocation management program, you can trust that your data is in good hands. Contact us today to learn more about our data protection practices and how we can help you with your relocation needs.

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Corporate relocation tips Global Mobility Global Relocation Relocation Best Practices

Companies That Care About Employee Benefits Invest in International Relocation Services

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

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

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

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

Main Advantages of Employee Relocation Benefits

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

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

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

Offering Moving Assistance Shows Your Company Cares; Opens Talent Pool

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

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

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

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

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

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

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

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

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

Reach Out to GMS to Discuss International Relocation Benefits for Employees

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

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

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

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

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How to Manage Finances When Relocating for a Job

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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.

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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
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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. 

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

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Corporate Relocation Corporate relocation tips Relocation Best Practices Relocation Management

Reports Show Corporate Relocation Numbers Way Up

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reports and studies are showing that corporate relocation numbers and spending are as high as in 2017

Since the COVID-19 pandemic hit the US, many companies are still trying to return to their old numbers and ways. While we are now coming up on three years since the initial pandemic wave, one sector is finally starting to see the light at the end of the tunnel: the relocation industry.

Many employers or employees might need to learn about such an industry. But relocation management companies (RMC) are vital for businesses getting their employees from point A to point B. To sum it up, an RMC is hired by a company to assist employees in handling all the logistics of their move when they accept a job that requires relocation. From real estate needs to helping ship household goods, there are various services that an RMC can provide.

But like most other sectors, the relocation industry was hit hard when companies had to restrict employees moving around the country for the past few years. On top of that, with so many companies choosing a full-time remote setting, the need to move employees wasn’t as high.

The truth is now that numerous companies need talent and are back to be willing to move that new or promoted employee. As more and more companies and sectors shift back to standard quarterly numbers, so does the relocation industry. Many reports show corporate relocation numbers are back up to where they were in 2017.

Where are these employees moving to?

A recent report by Hire a Helper revealed that Florida has become the most attractive state for corporations to move their headquarters. The Sunshine State saw an 86% increase in corporations relocating their HQ, a record-breaking figure since 2017. The report analyzed Securities and Exchange Commission filings and found that 9% of American corporations shifted their HQ in the past fiscal year. This was mainly due to cost-cutting, favorable tax rates, or closer proximity to target markets. While cities like New York and Seattle have seen a decline in corporate headquarters, smaller towns outside metropolitan areas have become new homes for tech and pharma giants.

New data from the SEC shows that nearly 9% of publicly traded corporations in America, or 593 companies, moved their headquarters in the last fiscal year spanning March 2022 to March 2023. This marks the highest relocation rate in seven years, following a dip to below 7% in 2020 due to the pandemic. Comparing year-over-year figures, the number of corporations relocating their headquarters has increased by 29% from 458 in 2021-22. The trend of corporate headquarters relocation has increased, with more companies choosing to move their offices for various reasons. The figures indicate a significant shift in the corporate landscape and business operations.

According to Hire a Helper’s findings, the current increase in companies relocating their headquarters is the most significant in a decade, surpassing even the rebound seen after the pandemic in 2021-22. This year is proving remarkable, with a 25% rise in the number of corporations moving their HQs

Top Destination Cities for those relocating

Regarding favored locations for corporate headquarters, Waltham, MA, I experienced the most significant increase in corporate net growth among cities during the last fiscal year (+175%). Five companies relocated to this relatively small city near Boston, and none left. Waltham, MA, is home to several remarkable new corporate inhabitants, including biotech and pharmaceutical firms Cogent Biosciences and CinCor Pharma.

Burlington, MA, and Spring, TX, ranked second and third in growth, with a surge of 133% and 100%. Burlington has seen a boom in software and biotech firms, while Spring, TX, grabbed headlines when Hewlett-Packard relocated its headquarters. Additionally, three Florida cities made it to the top 10 list, with Jacksonville, FL recording a net gain of 67%, followed by Tampa, FL at 49%, and Miami, FL at 33%. Which U.S. cities are corporations leaving?

Surprisingly, Cambridge, MA, the renowned university town near Boston, has experienced a significant loss of corporate headquarters compared to the number of new ones gained (40%). The city’s thriving biotech and pharmaceutical industry has left little space for previous industry leaders. Seattle (-37.5%) and several cities in the Bay Area of California have also suffered considerable losses in company headquarters during the past fiscal year. New York City (-13.4%) is among the top 12 cities to have lost corporate HQs.

Reasons Companies are looking to relocate headquarters

Hire a Helper’s research indicates that the primary reasons for Americans to relocate are to find better housing or a new job. However, what motivates corporate relocations? One common assumption is that companies move to reduce expenses, which may entail relocating to areas with lower taxes. This could explain why more businesses are moving into Florida and Nevada rather than leaving. The Tax Foundation’s 2023 State Business Tax Climate Index measures how taxing state taxes are for businesses, and Florida and Nevada are among the ten states with the least tax burden. Meanwhile, Texas, which does not have a corporate tax, is in the 12th position.

Corporate relocation can be motivated by the high cost of office space, particularly in cities with expensive business rental costs. This is evident in the net losses of corporate HQs in cities like New York City and San Jose, where office rent levels are among the highest in the country. The pandemic-induced rise of remote work has further compounded the issue of high office space costs. As a result, major cities in America are grappling with high office vacancy rates as companies either continue to operate remotely or adopt a hybrid work model. To address this challenge, these cities require support and innovative solutions.

According to Hire a Helper’s examination of SEC filings from 2022-23, 62% of companies that relocated their headquarters in the past year chose to move to cities with smaller populations, which typically have lower rental costs. This trend is gaining momentum.

GMS Is Ready If You Are

Global Mobility Solutions (GMS) is here to assist you with relocating your headquarters or employees. Since 1987, GMS has been there to help employees get from point A to point B.  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’re ready to hear more about how GMS can help save your company money on relocation costs, contact us today to schedule a free consultation.

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