Categories
Career Services Global Relocation Global Relocation Challenges Global Relocation Tips Relocation Best Practices

Language Barriers to Overcome During International Relocation Process

Here are some ways to overcome language barriers when moving abroad

Many workers seek job opportunities outside their home country despite the perceived language barrier challenge. Now more than ever, companies allow employees to work their complete schedules with remote work policies. This has opened up opportunities for employees to consider international relocation options as they no longer have to be in the office daily. 

But moving abroad isn’t always seamless, and there are some obstacles to overcome before enjoying life in the new destination. When heading to a new country, the test of learning the native language looms large. But this shouldn’t stop employees from relocating to the country they always wanted to live in. Expat numbers have risen recently, with remote work positions becoming the norm. 

CEOWorld says the number of expatriates living globally has grown by over 4.7% annually. It is projected to continue doing so in the coming years. This is likely due to the higher employment rate in the EU, where citizens living in a different EU country had a 73.1% employment rate compared to those in their country of origin, with 72.4%. This suggests that individuals are willing to overcome language barriers to benefit from better job and salary opportunities.

It is important not to downplay the difficulties of a language barrier. Such a barrier can cause many problems in both personal and professional life. Working with a relocation management company that can provide language service resources is a good idea when moving abroad. Overcoming these issues with extra effort and the right mindset is possible. Read on to learn more.

Relieve Culture Shock

Connecting with other cultures can be difficult, particularly in formal settings with power dynamics. According to TIBR studies, expat faculty and employees often face racism and hurtful comments, resulting in an even greater divide between locals and outsiders during the Covid-19 pandemic. To ease these tensions and build relationships, it is crucial to be open-minded and take the initiative to initiate contact. It is also possible that your coworkers are just as nervous as you are.

Language Services Help Cut Down on Frustration

Misunderstandings are a natural part of travel and international relocation, and locals may find it challenging to remain patient when simple errors could have been avoided with more language knowledge. Understanding a language is complex and can be discouraging when you don’t make the progress you’d like. Even professional diplomats, who are prepared for culture shocks, can be overwhelmed. Learning a language isn’t just about understanding grammar and vocabulary; there is much more to it.

Understanding a community’s underlying characteristics, such as demographics, personalities, and beliefs, is essential. Maryville University’s guide on international studies and relations explains that learning a language gives an individual a broader perspective on humanity and culture which supports them in gaining a more profound grasp of their new home faster. This change can help replace any frustration with success.

Lack of consistency in an employee’s work

The inability to communicate effectively can have serious consequences, particularly for specific jobs requiring high skill levels. For example, a small error in healthcare can have devastating results. Despite this, there is a growing need for international medical professionals to address the exhaustion of local personnel.

When going through the international relocation process, they must receive language and cultural training to succeed in their new environment. Philip Andrew suggests that taking classes online and reading books can help with language barriers, and cross-cultural training can help with cultural awareness. Being an expat can be complex, with challenges such as homesickness and financial insecurity. Still, when one can manage these issues, many rewards and opportunities can be gained, such as increased financial security, new relationships, and treasured memories.

Work with GMS for International Relocation

Global Mobility Solutions specializes in international relocations. We work with the best language service providers in the industry to assist employees with seamless relocation. Our relocation experts will help with document translations and online language training classes for employees and their families. 

Do not let language barriers hold you back from the move you have always wanted to make. GMS can help you and your family. Contact us today to discuss the pre-decision services we provide regarding international relocation.

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

What Is the H-2B Visa?

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

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

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

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

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

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

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

GMS Has Immigration Specialists Ready to Assist

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

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

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

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

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

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

Categories
Domestic Relocation Domestic Relocation Tips Global Relocation Global Relocation Tips Relocation Programs

Benefits of Pre-Decision Services

What Are Pre-Decision Services? Learn more about the relocation process, starting with pre-decision services

Global Mobility Solutions (GMS) is the original pioneer of the benefits of pre-decision services. Our clients know that partnering with us at the start of the relocation process helps identify the markers of a successful relocation and greatly enhances transferee productivity. Our wide range of services allows clients to identify those employees who are the best fit for the assignment. Relocation technologies and systems let clients manage employee relocation programs with ease.

Among the many services GMS offers, candidate assessments have become critical for clients to assess expectations, skills, qualities, and financial and family issues impacting relocation success. Clients should examine candidate circumstances to identify prospects likely to succeed. For the candidate, pre-decision services provide valuable information they can use to determine, including helpful information about the cost of living, housing markets, school reports, and moving expenses.

Candidates indicate that community searches and tours benefit them in understanding the new location and helping them select areas best suited to their needs.

There are several benefits of pre-decision services for both the client and the candidate:

Benefits of Pre-Decision Services for the Client

  • Increase job acceptance ratios
  • Budget accuracy
  • Eliminate the risk of non-acceptance
  • Streamline orientation to the new location
  • Minimal policy exceptions
  • Identify candidate concerns and issues
  • Cost savings

Benefits of Pre-Decision Services for the Candidate

  • Personal support and attention from industry professionals
  • Thorough orientation tours for families
  • Expert counsel and assistance regarding all aspects and impacts of relocation
  • Support services for spouses and partners

Systems and Processes

Our relocation experts have created systems and processes to help clients manage their Global and North America relocation programs quickly and efficiently. We provide high-touch customer service, policy expertise, benchmarking, and flexible reporting options. Clients succeed most with a customized, right-fit relocation program designed to meet their unique requirements. Employees and their families expect a broad range of services to help them during their relocation process. Our pre-decision services help clients and employees throughout the relocation process and help ensure successful relocations.

Get Pre-Decision Services from GMs

The benefits of pre-decision services to clients and candidates serve to ensure successful relocations. The corporate relocation experts at GMS have the knowledge and expertise to help your company assess candidates for assignments and provide your employees with the best relocation experience. Contact our team of experts to discuss how we can implement pre-decision services in your company’s relocation process.

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 Global Relocation Tips Global Relocation Trends Relocation Best Practices Relocation Programs

What Are The Benefits of Outsourcing Global Relocation Programs?

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 bids 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 give your company the opportunity to get the package they need. GMS will assist your company put 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
Relocation Best Practices Relocation Challenges Relocation Management Relocation Policy Review Relocation Programs

5 Terms to Include in a Competitive Relocation Package

Make your relocation offer competitive by including these policies

Every year millions of people move for new jobs. Relocating for your professional career is familiar, but the relocation industry has changed since the Covid-19 pandemic. When it comes to offering relocation packages to employees willing to move for a new position, studies show that employees are more reluctant to move if there is a higher cost of living in their new destination. 

Another factor for employees not wanting to relocate is the start date. Companies often ask employees to be in their new seats within 30 days of signing the offer letter. So, what can companies do to work around these distresses? 

Companies who are asking talent to relocate for a position should look into offering employee relocation packages. These packages help offset the stress of moving by providing financial assistance and corporate housing so that the employee can relocate as seamlessly as possible. 

While every company has different opinions on what should and should not be covered regarding talent mobility, a few basic policies should be included in every relocation package. Here are five terms to make your company’s relocation package appealing to applicants so that they cannot refuse your offer:

1) Real Estate Programs or Lease-Break Assistance

A survey by Worldwide ERC showed that selling a home for less than it is worth is the most expensive part of relocating. When time is limited, employees are often forced to accept a lower sale price or pay a financial penalty for ending a lease. Often, employees are scared they will get stuck paying two mortgages or rent payments for multiple months, which could hurt them financially. 

If companies want a shot at landing top talent for an open position, they will include financial aid coverage for breaking a lease. If the employee can get out of their current rental at little or low cost to them, they are more likely to accept your relocation offer. 

For applicants who are homeowners, offering home sale assistance and home-buying assistance programs in the relocation package would be a massive perk for them. Standard relocation real estate programs include BOV, GPO, or Direct Reimbursement. Each of these programs has different pros and cons. But every moving employee will have different needs, so options can make any offer even more appealing.

2) Moving Expenses

This one may seem too easy to list, but it is essential. Very few people save thousands of dollars regularly if they may have to move unexpectedly. So, if an employee is mulling over your offer, the price of moving may be daunting in the back of their mind. But if your company were to cover or assist in the moving expenses, it could quickly put those thoughts to the rest of the employees. 

There are numerous ways to assist an employee with relocation costs. Most companies go the route of reimbursement programs, but there are packages where the company will handle everything on behalf of the employee so that they do not have to worry about it. Again, each different kind of program will have its pros and cons. 

It’s worth noting that no matter which method your company chooses to use for handling relocation expenses, some relocation technology can help keep spending within a budget.

3) Transportation Costs

Moving can be costly, by car or plane. Visiting the new spot before relocating is necessary to find housing and get to know the area. Relocation packages typically include reimbursements for two or three trips. This can also be a chance for the transferring employee to search potential neighborhoods and schools for their family.

4) Tax Implications

Relocating employees can face an unanticipated problem with taxes concerning relocation benefits. An employer may give a ‘relocation lump sum’ to cover relocation expenses, which is taxed as extra income at the employee’s ordinary tax rate.

Employees with a 25% tax rate will be taxed $2,500 on a $10,000 lump sum. This can be a financial strain, so many companies increase the lump sum to cover taxes.

5) Miscellaneous Expenses

One last suggestion to make a solid offer to a potential candidate is to have a miscellaneous expenses policy in your relocation package. Employees may incur costs when relocating. Ask them what expenses they anticipate and offer assistance to cover them, such as vacation days, spousal income loss, and packing services.

GMS Specializes In All of These Terms and Conditions

Look no further if your company needs help updating or creating employee relocation packages. Global Mobility Solutions (GMS) has been helping companies with their relocation services needs since 1987. Our expert team will listen to your wants and needs, then assist you in putting together the best relocation policies to make all your offers to new employees appealing for them to accept a relocation assignment. We specialize in helping companies provide their employees with the terms mentioned above. 

Reach out to us today to set up a free consultation. Within 24 hours, one of our business development managers will be in touch to get you started on setting up the most competitive relocation package in your industry.

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 Global Relocation Challenges Global Relocation Tips Global Relocation Trends

Want to Work Abroad? Here’s How to Get Recruited Internationally

Here are some ways you can set your career up for international relocation

The work-from-home age is upon us. Countless companies have now shifted their entire workforce to working remotely. During the Covid-19 pandemic, companies found that employees were more productive and happier working from home. This is why a new normal among job seekers to ask for full-time remote work settings. 

With the ability to work from anywhere, many Americans are looking for jobs that could allow them to relocate internationally. Studies show that companies are fine with employees living anywhere as long as their work is done correctly and on time. So, many employees are using their remote work options to live in a country they have always wanted to live in. 

Zoom Towns is the term used where a town or city is seeing an increase in population from digital nomads. Digital nomads are remote employees who live in a particular area but work in towns, states, or even countries away. International relocation is not easy, though. One does not simply pack their bag and leave for a new country on a whim. There are lots of factors to consider. Where to live, internet connection, visa and immigration concerns, and more. 

But for those who have their heart set on taking an international relocation assignment, here are some things to think about when putting the wheels in motion to do so:

Research Your Company’s International Roles

Before considering a remote position, your company may need to send you overseas. Many companies offer international relocation assignments to employees on a short-term or permanent basis. Often, short-term global mobility positions are an excellent way for an employee to experience living abroad without having to move to that country permanently. 

The significant advantage of accepting a global role with your current company is that you will have access to your company’s international relocation management company. Meaning there will be a company to assist your move and help you with finding a place to live, visa paperwork, etc. 

Letting your manager or human resources representative know that you are interested in international positions is the best way to start when going this route.

Find a Job with International Offices

Suppose your current employer does not have or offer international relocation services. In that case, throwing your resume around to companies that need employees aboard could be a good idea. It is not uncommon for a company to have difficulty getting employees to move to another country. You could become a valued team member if you apply for a position requiring global mobility assignments. 

Employees with children or other family members they are responsible for don’t have the luxury of relocating whenever their company needs to send an employee to Europe or Asia. But employees hired for those types of assignments can get their travel bug fixed that way. 

It is worth noting that employees who speak multiple languages usually have the upper hand in getting chosen for international relocation jobs. Seeking some basic language training would also be helpful if this is the route you’re going to move abroad for a job.

Work Abroad Remotely

Already stated earlier, this is the most common route the American workforce is taking to get to move to a new country. With so many Zoom Towns becoming more popular, especially in European countries, companies are fine with moving there to live while continuing their work here in the US. 

But companies being okay with their employees living wherever they please usually means they do not provide international relocation assistance to their employees. This means the employee is on their own regarding moving costs. On top of that, the immigration paperwork alone can be daunting for an employee looking to move internationally.

GMS Can Offer Employees Alternatives

Global Mobility Solutions (GMS) is the relocation industry leader. Over the last 30 years, we’ve helped employees get from point A to point B. In that time, we have been creative and initiative with our international relocation policies. The work-from-home age is no different. We have created a great program that companies and employees can utilize when employers do not offer relocation benefits. 

Our new Employee Choice Program allows companies to work with us in assisting employees move to a new state or country for their current position to work remotely. This program’s beautiful and simple explanation is that the company does not have to pay a penny in relocation costs for their employee, and the employee gets to work with global mobility experts from our network. 

That’s right; employees get to work with visa and immigration specialists and move companies from our network at better prices than if they were to get quotes on their own. The Employee Choice Program was designed specifically with remote workers in mind. 

To learn more about our international relocation options, please schedule a free consultation with one of our global mobility experts today!

We're Here to Help! Request a Courtesy Consultation

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

Categories
Domestic Relocation Tips Domestic Relocation Trends Global Relocation Challenges Global Relocation Tips Global Relocation Trends Relocation Technology

Relocation Technology: Trends Changing the Global Mobility Industry

Here’s a look at how technology is changing the employee relocation process

Modern technology has changed every industry. For the most part, each sector can use technology to its advantage and provide a more seamless customer experience. The relocation industry is no different. Relocation management companies (RMC) each have relocation technology that they try to utilize. 

There are different apps, programs, and systems that RMCs can deploy to their customers. But when taking a bid from an RMC to provide your company with global mobility programs, it is essential to ask about their technology specifically. Ask the RMC to provide you with a list of advantages on how their tech tools can help get your employees from point A to point B. 

Here is a breakdown of some of the increasing relocation technology trends in the global mobility industry:

VR House Hunting Trips

When working with an RMC to set up relocation packages, often house-hunting trips will be included. Usually, the employee is about to travel to their new destination twice to look at potential new homes and neighbors. But thanks to technology, relocating employees don’t have to cram all their house hunting into one or two trips. 

Virtual reality (VR) home showings have become increasingly popular since the Covid 19 Pandemic. Using ubiquitous 360-degree cameras can be a great way to showcase a property to a potential buyer anywhere, anytime. This tool gives the buyer a panoramic presentation of the house or apartment for sale. 

Many US real estate agencies have begun creating home listings with VR showcasing options. No one will buy a home without looking at it in person first. But at least VR setups can give a moving employee a worthwhile first look at a home they may want to purchase.

AR for Visualization Shopping

When moving to a new destination, setting up your new home or short-term housing option will be top of mind once you get there. That’s where augmented reality (AR) can be of assistance. AR technology combines virtual components to see what a surrounding area will look like if it’s changed. 

The most straightforward example to call out would be furniture shopping. Some apps use AR so that a customer can snap a picture of the area in the new home they hope to put the furniture in to see what it will look like. This is helpful when buying household goods for your new home. 

Another excellent example of how AR tech can be used is if home upgrades have to be made to your property in the new destination. If you want to reconstruct the backyard or remodel a bathroom, apps can give you a great layout of how the project will look once completed.

Cloud-Based Technology to Stay Organized

The most crucial piece of relocation technology that an RMC can provide is a portal where employees, employers, and relocation representatives can live-track the relocation process. Think of it as a portal where all the info on an employee’s move can be kept and accessed. This makes it easy for the employee to stay organized while the employer can track costs and spending. It also serves as a place where the relocation expert assisting the employee with their move can provide information and insight into oncoming steps for the move. 

This is something that every company should ask their RMC about. Using cloud-based technology so that it is up to the moment updated can keep everyone on the same page about any given employee’s relocation.

Doc-Signing Technology

An essential part of relocation is document signing. Numerous vital documents must be signed when someone is relocating—starting with their job offer letter to home buying and selling documents. Technology has made signing documents easy and more environmentally friendly. Gone are the days when you have to print, sign, and mail back stacks of paper. Plenty of apps allow companies and RMCs to review, edit, and sign documents within minutes. This not only saves on paper but saves on the chance of documents getting lost or stolen in the mailing process.

Cost of Living Calculators

When an employee accepts a position in a new destination, one of the first things that may cross their mind is the cost of living factors. Moving to a city that may cost more to live in, will affect the salary and relocation package negotiation. If working with an RMC, mention to them that having a legit cost of living calculator that can give precise numbers can be extremely helpful in the hiring process. 

If an employee can see side-by-side comparisons of the current cost of living vs. where the job is located, they can make a quicker decision. This allows everyone to move on faster, whether the employee accepts the relocation assignment or the company can proceed with other interviews.

GMS Is Always Up to Date on technology

Global Mobility Solutions (GMS) is the leader in the relocation industry regarding technology. Our award-winning customer service team assists employees to relocate seamlessly by utilizing MyRelocation®. 

MyRelocation® is a cloud-based system allowing transferees to track and monitor their relocation through a user-friendly dashboard. Employees can access benefits, communicate with their relocation coach, and stay informed of critical dates. Our tech, which won an award, is a valuable and robust asset for staff, with a user-friendly interface, easy menu layout, and functions.

Please contact us today for a free walk-through of MyRelocation® or a free courtesy call to benchmark your current relocation packages. One of our relocation experts will be more than happy to hear any of your relocation needs and then best assess how we can help 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
Corporate Relocation Corporate relocation tips Global Mobility Global Relocation Global Relocation Trends

Supply Chains Looking to Normalize

Many supply chains are finally looking to normalize two years after the pandemic

Two years back, the world observed the pandemic gradually obstructing one of the most used pathways of worldwide commerce: container ships filled to capacity and stationed near the Southern California shoreline.

The bottleneck started with five ships on October 15, 2020, but more than 40 ships joined the queue in February as Americans hurried to stock up ahead of the COVID lockdowns. The queue dropped to nine ships in June 2021, but more than 60 ships joined the line this time last year, and it peaked at 109 ships in January. There are many signs that supply chain pressure is decreasing.

Supply chain management has been turbulent over the last two years. However, the outlook for 2023 is improving. The Logistics Managers’ Index reports that by September, a return to regular operations is forecasted by the following year.

While there have been substantial improvements in international transportation capacity, industry experts caution that the recovery’s speed may take some optimism from people but that things are going in the right direction. In the United States, for example, raw materials and components may still need to be secured by some companies.

Ocean Freight Shipments See a Decrease in Demand

Consumers are significantly reducing their ocean shipping activity. Machinery, housing, industrial and apparel items are all affected by the decrease in demand. The surplus of goods and lack of knowledge about consumer needs contribute to the decline in ocean freight shipments, further heightened by the early stockpiling of items this summer.

Oxford Economics reported U.S. supply strain peaked in February but has been better since September. Spending less by consumers in developed economies is beneficial, as it reduces supply chain pressures. Industry experts anticipate further improvement in supply chains in late 2022 and 2023.

It won’t be all roses and sunshine in 2023; with the continued risk of labor unrest at rail and port sites, predicted delays at European harbors, and unexpected timing issues, some hold-ups will occur throughout the year. Changes caused by Mother Nature’s fury are likely to result in more canceled sailings.

Ocean carriers are utilizing tactical “blank sailings” to align their ship’s space with orders, aiming to minimize costs and stop future cost declines. This is akin to airlines canceling under-booked flights. Data from Drewry shows carriers removing entire service loops to better match their capacity with demand.

Normalized Supply Chain Will Help the Relocation Industry, Stay in the Know

Reduced container ship traffic will result in household items arriving on time and with fewer delays. A sustained drop in ocean freight requests could also lead to more reasonable customer pricing.

Though hope remains, businesses shouldn’t count on returning to pre-COVID times soon. The shipping sector is still anticipating a consumer expenditure surge that will bring shipments and voyages back to 2019 amounts.

To keep up with all relocation industry news, check out our Knowledge Base, where we post weekly blogs and press releases. You can also review some of our Case Studies or watch one of our past Webinars.

What's happening in your industry? Request a Courtesy Benchmark report

At GMS, we make it a priority to know how talent mobility is changing in each major industry. What are the best practices? How are other companies changing their programs to retain a competitive edge? Your Mobility Pro will be in touch within 1 business day to help answer your questions and benchmark your industry.

Categories
Buy a Home Global Relocation Global Relocation Trends

New U.S. Legislation Prohibits non-Canadians from Real Estate Purchases

Prohibition on the Purchase of Residential Property by Non-Canadians

New legislation was passed known as the Prohibition on the Purchase of Residential Property by Non-Canadians. Relocation experts are predicting that this will have a significant effect on BVO transactions for Canadians who are relocating to the U.S. The main reason is that now there will be a limit on home purchases for Canadian-bound foreign nationals within the U.S. 

This is part of the Budget Implementation Act of 2022, passed into law on August 31, 2021. But the effective date won’t kick in until January 1, 2023, and will be in full effect for two years. The legislation forbids non-Canadian individuals or Canadian-owned corporations from purchasing residential properties anywhere within the U.S. This could impact companies’ relocation assignments

Who Does the Legislation Applies to:

This new legislation applies to any individual who is neither a Canadian citizen nor a permanent resident, along with corporations not incorporated under Canadian federal or provincial laws. Also, a Canadian corporation not listed on the stock exchange in Canada that is controlled by persons who are non-Canadian nor nonresident, persons or entities prescribed by legislation.

The fact that “control” must be managed by individuals who are not subject to the Act (i.e. resident Canadian citizens) may be necessary for U.S.-based RMCs. They maintain a Canadian subsidiary to avoid classification as a non-resident seller of real estate.

Exemptions to the Act May Include

  • Purchase agreements entered into or assumed by January 1, 2023, even if the purchase closes after this date;
  • Certain non-Canadians:
  • Temporary residents such as students and foreign workers with federally issued work permits;
  • Persons afforded federal refugee protection;
  • A non-Canadian who purchases the home provided their spouse or common-law partner is a Canadian citizen, a permanent resident, a temporary resident, or a Protected Person as prescribed by law.

What this Means for Relocation Transferees

The legislation does not prevent foreign nationals from relocating to Canada but would prevent them from purchasing property there unless the transferee or their spouse/domestic partner has Canadian citizenship.

Worldwide ERC supports the Canadian Employee Relocation Council (CERC) in its efforts to communicate with the Canadian government and obtain exemptions from the Act for domestic and cross-border relocations. CERC has submitted recommendations for allowing non-residents with valid work permits to purchase the property and is asking for the exemption to be granted.

Craig Anderson, the Vice President of AECC, is the Chair of WERC’s Global Tax Forum and monitors this legislation closely. According to CERC’s Global Workforce Symposium in Las Vegas, the following information will show their efforts’ status.   

Every Saturday, the Canadian Gazette publishes regulations affecting this legislation. Our team monitors these weekly regulations for matters affecting our clients’ relocations within Canada or across the border. We will provide additional updates as needed.

GMS Can Offer Alternatives

Global Mobility Solutions (GMS) has been the leader in the relocation industry for over 30 years. We take pride in working with companies and their employees to ensure they can be comfortable and happy with their real estate purchases when moving for a job. Our team works with companies to set up home-buying and selling assistance programs that can make the relocation process smoother. 

It is our goal to ensure the most seamless relocation process possible. If you have any questions about real estate laws, rules, or regulations, don’t hesitate to get in touch with one of our relocation real estate specialists. Or, if you need information about home buying and selling assistance programs for your employee relocation packages, contact us today 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 Tips Global Relocation Trends

What are the Top Calgary Industries Leading the City’s 2023 Economic Development?

Updated for 2023

What are the top Calgary industries leading the city’s 2023 economic development? For the last few years, much of the local economic news has been filled with the effects of the COVID-19 pandemic. The Conference Board of Canada reported that the province of Alberta took a massive hit during the pandemic, with the most damaging effects due to the pandemic and declining global oil prices. Calgary is the largest city in Alberta, the city and the surrounding region will experience these adverse effects.

However, the population of the Calgary Metropolitan Region exceeds 1.2 million residents. As a result, both the city and the region are positioned well for significant future growth. Before the pandemic, this year was projected to be Alberta’s first year of full economic recovery.

Top Calgary Industries

According to Calgary Economic Development, 8 Key Sectors drive Calgary and Alberta’s economy. Each sector, in turn, helps Calgary industries to grow with investments and jobs.

1. Aerospace & Logistics

Calgary is home to one of Canada’s busiest airports. Also, one of the nation’s major airlines is in the city. Several Calgary companies are focused on commercializing aerospace technologies such as drones. Aerium Analytics provides Unmanned Aerial Vehicle (UAV) flight and analytics to address issues such as airport wildlife management, building inspections, and forestry management.

2. Agribusiness

Agribusiness is one of the top Calgary industries. This sector is poised to be the fastest-growing adopter of several transformative digital technologies. Spending on these technologies is expected to increase by 23% from 2019-2022. Decisive Farming focuses on precision agronomy, farm management, and crop marketing with services and technologies.

3. Creative Top Calgary Industries

The Calgary Film Centre is located just 25 minutes from the city’s airport. The Centre includes:

4. Energy

The energy sector represents a significant portion of the top Calgary industries. Clean technologies include those that derive from solar, wind, bioenergy, and geothermal sources. Calgary industries focusing on energy are the most well-known in the city. Alberta is Canada’s largest producer of natural gas and oil. Over 70% of the province’s CleanTech company headquarters are in Calgary.

5. Financial Services

What is FinTech? This term describes the use of new technology to improve and further automate both the delivery and use of financial services. It may also include concepts such as cryptocurrencies like bitcoin. Companies like Bitfury are leading the effort in implementing blockchain technology and artificial intelligence solutions.

6. Interactive Digital Media

Over 60 companies in Calgary produce video games and/or immersive media products. The Calgary Game Developers Association has over 800 members and represents a strong talent pool.

7. Life Sciences Top Calgary Industries

There are over 110 life science companies in Calgary, making for a sizable segment of the top Calgary industries. Oncolytics Biotech Inc. is developing an immuno-oncolytic virus to kill cancer. The Calgary Cancer Centre is scheduled to open in 2023. The centre will increase capacity and add to Calgary’s leading role in cancer services.

8. Technology

Calgary businesses are projected to spend $7.5B on digital transformation (DX) from 2019-2023, representing a 20% compound annual growth rate. What is DX? DX refers to applying new technologies to change work processes and customer experiences and enhance value. It’s not just making current technologies work better in a defined process. It uses new technologies to change the function and gain advantages through innovation and disruption.

What Should Employers in the Top Calgary Industries Do?

Employers in the top Calgary industries should examine their employment needs as economic growth fosters competition for job seekers with requisite skills and training. They should review their relocation program to determine if it benefits their talent acquisition goals and corporate objectives. Employers should work with a Relocation Management Company with the knowledge and expertise to help them design a relocation program promoting talent acquisition.

GMS has recently published several Industry Benchmarking Studies to help employers in the top Calgary industries learn whether their company’s relocation program is designed following industry-specific best practices. There are many benefits to a corporate relocation policy benchmarking. For example, employers can learn how they can ensure their competitiveness in their industry to attract and retain talent with the highest level of skills and experience.

Industry best practice is to schedule a relocation program and policy review every 12 to 18 months to ensure your company maintains its competitive position. This review will also help your company learn how the relocation industry is evolving to meet increased employee demands.

Stay up-to-date with GMs

GMS’ team of global relocation experts has helped thousands of our clients develop hiring and recruiting programs to attract highly skilled job seekers. Our team can help your company determine how to attract job seekers looking for employment opportunities in any of the top Calgary industries.

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 entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Contact our experts online to discuss your company’s recruiting, hiring, and relocation program needs as they relate to the top Calgary industries, or give us a call at 800.617.1904 or 480.922.0700 today.

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.

Looking for something?