Tag: Technology Trends

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Global Relocation Trends Relocation Technology Talent Mobility

Talent Mobility Technology for 2023 and Beyond

Business woman working at home on the computer

Learn what the industry leaders are using for international relocation services

Technology trends continue to shape the 2023 workplace and workforce. Companies need to rethink their talent mobility strategies to respond effectively within the new parameters of workplaces. Companies can more easily expand their organizations to meet market demands without restrictions or needs for solely geographically-limited talent.

Opening a division in a new location requires knowledgeable employees to be at the site to ensure processes are followed, and procedures are in place to match corporate requirements. A visual meeting platform like Zoom might work for meeting purposes. Still, it could be logistically challenging for an employee to conduct a factory tour or examine manufacturing processes in detail over a Zoom call.

This is why companies providing international relocation services instantly broaden their hiring pool. If you can hire the best candidate, no matter where they are currently located, you are more likely to get the right person in the right seat. 

But moving employees internationally is a challenging process. There are lots of moving parts that have to be kept in mind. With that said, companies that offer international relocation programs should utilize up-to-date technology to keep all of these moving parts in one central database. With increases in global assignments, companies should examine the following three trends that impact talent mobility:

Cloud-Based Systems

The estimated increase in talent mobility highlights the need for companies to surround employees with the proper technological infrastructure to maintain productivity. Cloud-based systems may increase talent agility and flexibility since employees can access corporate information quickly with an established Wi-Fi connection. Relocation technology for transferees should reflect the most modern technology trends in providing service and solutions anytime, anywhere.

Having a cloud-based system allows all involved with the relocation process to have clear insight into how the move is going. Everyone means the employee, the employer providing the talent mobility benefits, and the company that is providing the international relocation services.

Relocation Technology Trends Attract Top Talent

Global assignments require a set of leadership competencies, including cultural awareness, open-mindedness, and flexibility. There is strong interest among employees of all levels for international assignments as technology trends provide more extraordinary learning experiences. Companies should examine their employee relocation needs with pre-decision services to ensure candidates will likely succeed.

Communication and Collaboration

Video conferencing is common in business as teams expand globally and the need for visual and verbal communication increases to replace the limitations of emails and texts. Employees drive the demand for easy solutions, so businesses must respond with practical tools and training to ensure security is not compromised as communication flourishes. Communication trends will improve with robotic process automation, which speeds up business processes, so employees have the information they need much faster than through manual processing.

GMS Provides the Best Relocation Technology

Global Mobility Solutions (GMS) created MyRelocation to make the relocation process seamless. Our cloud-based system acts as central insight for each employee’s relocation. 

From bookkeeping on receipts and payout orders to pointing out key dates, such as when movers are supposed to arrive, MyRelocation keeps all involved in the know. 

GMS believes that its award-winning MyRelocation technology and our expert team make us the US’s best international relocation service provider. We would love for you to set up a free consultation with us so that one of our relocation experts can walk you through why GMS is the best in the industry.

Our cloud-based relocation technology is designed to help you streamline your company’s relocation management.

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Relocation Technology

Industry-Leading Relocation Technology: How it Helps Your Company’s Relocation Program

One of the best things you can do for your company’s relocation program is to choose an industry-leading relocation technology. GMS’ award-winning MyRelocation® Technology offers advanced integration, extensive reporting features, and superior performance. These features make your relocation program management easy and seamless. Instead of focusing on figuring out complex problems such as year-end relocation expense reconciliation and reporting for each destination, your company can focus on reaching important corporate initiatives.

Industry-Leading Relocation Technology Provides Solutions

Many companies are unaware just how much the right technology can do for their relocation program. Far beyond the ability to track data, industry-leading relocation technology provides actionable information. As a result, the technology can help companies better manage the entire relocation process, from talent acquisition to global assignment and repatriation.

Top 7 Ways Industry-Leading Relocation Technology Helps Your Company’s Relocation Program

1. Budgeting and cost estimating are fully integrated into the technology. All aspects of the relocation program are identified and accounted for, providing the highest degree of accuracy for budgeting purposes. The technology provides answers and helps you determine the best method to budget for any relocation issue.

2. Planning and program management are easy tasks with a full range of online tools and resources provided by an industry-leading relocation technology. You can easily determine the impact of a new relocation initiation throughout the range of your program.

Advanced Financial Reporting Dashboard

3. An advanced financial reporting dashboard will allow you to create over 200 custom reports on demand. Service and financial reporting are available on demand and are fully customizable to meet your company’s specifications.

4. Online relocation initiation is simple, quick, and easy to perform. It is also customizable to meet company requirements and to reflect all approval processes. Employees will appreciate the ease and the speed of the technology, eliminating the need for paper copies of signed approval forms.

5. Talent acquisition programs benefit from industry-leading relocation technology and its focus on pre-hire and pre-decision A number of useful tools and analytics help talent acquisition managers to find and hire the right employees.

6. Data dashboards are easily customized to display whatever is most important for the specific user. Each department that interacts with the relocation program can view the data they need to see, upfront and at their fingertips.

Performance Measurements

7. A full range of comprehensive performance measurements through MyRelocation® Analytics is a hallmark of industry-leading relocation technology. Critical metrics are easily shown, and service level agreements are easily accessible for quick reference.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients develop their relocation programs and leverage industry-leading relocation technology.  We can help your company determine why you should choose to implement GMS’ MyRelocation® Technology. As a result, your company will gain all of the performance this robust solution provides.

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.

Powered by GMS’ 2020 Mobility Benchmark, the innovative GMS Program/Policy Evaluation (PPE) Tool provides instant relocation policy reviews. It also helps users gain insight into how their company’s relocation program compares to their industry peers.

Contact our experts online to discuss how your company can learn more about industry-leading relocation technology like GMS’ MyRelocation® Technology, or give us a call at 800.617.1904 or 480.922.0700 today.

 

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

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Relocation Technology

Winning with Relocation Integration

Corporate relocation integration technology

Relocation integration helps Human Resource Departments reduce risk while increasing operational efficiencies. Many HR professionals seek greater productivity from their Human Resource Information System (HRIS) and Payroll software programs. HRIS may encompass a number of basic functionalities to allow for HR management including:

  • Recruitment
  • Talent Acquisition
  • Talent Management
  • Performance
  • Training/Learning
  • Employee Development
  • Reporting

Companies use HRIS programs to gain a number of benefits. These benefits may include detailed record keeping and support for strategic initiatives. Ultimately, a company’s HRIS is usually in place to increase data accuracy and efficiency.

Relocation Integration: a Winning Strategy

Relocation programs often require employee data to effectively facilitate the relocation process. New hires and transferees may need household goods moves, business travel, expense tracking, temporary housing, and home sale/purchase benefits. The path to greatest efficiency between HRIS, Payroll, and relocation programs is through relocation integration.

Addressing Operational Demands of Relocation and Reducing Company and Employee Risk

The demand for operational HRIS and Payroll efficiency is at an all-time high. There are hundreds of blogs, white papers, and other content produced by Relocation Management Companies (RMCs) describing technology innovation and their capabilities. However, only a few RMCs truly have the capability and resources to provide cloud-based relocation integration solutions that effectively and efficiently help HR and Payroll stakeholders.

Road Map to Relocation Integration

A successful cloud-based relocation integration solution starts with a road map or project plan that supports the accurate and timely transmission of data between the RMC’s operating system and the client company’s HRIS and Payroll software programs. The relocation integration road map should be designed to foster collaborative engagement with stakeholders to execute on 5 key steps. These 5 steps cover the implementation of relocation integration solutions designed around the company’s needs and specific system requirements.

5 Steps to Cloud-Based Relocation Integration

  1. Project Planning: Participants collaborate and implement goals, objectives, milestones, and deliverables for the project plan.
  2. Integration Design: Stakeholders establish FTP and/or API integration types, establish data elements for transmission, parameters, and business rules.
  3. Configuration: Programmers begin configuration development for data conversion.
  4. Integration Testing: User training and data transmission testing begins.
  5. Project Completion: Launch with ongoing monitoring and management.

A proven relocation integration process for data transmissions will provide the company’s relocation program with a number of significant benefits:

  • Measurable process efficiencies
  • Reduced human error due to data entry, duplications, typos
  • Data insights and analytics
  • Increased compliance confidence
  • Improved year-end process
  • Accuracy guarantees no need for W-2 C (corrected wage and tax statements)

What Should Employers do?

Employers looking to increase the efficiency of their HRIS and Payroll software programs with a relocation integration should work with an experienced and knowledgeable Relocation Management Company (RMC). RMCs with proven cloud-based technology solutions will help HR and Payroll stakeholders achieve greater effectiveness and significant efficiencies.

Conclusion

GMS’ team of corporate relocation experts has helped many of our clients determine how to achieve greater program efficiencies and productivity with relocation integration. Our team can help your company understand how to follow the 5 steps to cloud-based relocation integration following a collaborative approach with all stakeholders.

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.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to learn more about how your company can achieve operational efficiencies and productivity through relocation integration, or give us a call at 800.617.1904 or 480.922.0700 today.

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

Israel Hi-Tech Sector Rises to Over 300,000 Workers

The Israel hi-tech sector has been growing in size and as a percentage of the nation’s economy. For the first time in the nation’s history, employment in this industry now exceeds 300,000 workers, representing 8.7% of the country’s workforce. Job growth continues to be strong, with surging demand for talent outpacing the supply of qualified workers.

What Companies Lead the Israel Hi-Tech Sector?

The Israel hi-tech sector is known as “Silicon Wadi” and is filled with a large number of multinational companies. Many of these companies have established research and development centers in and near the city of Tel Aviv. These companies have helped to propel Israel to become the tech hub of the Middle East. The nation receives a significant share of venture capital investment.

Large multinational companies that lead the Israel hi-tech sector include:

Apple

Cisco

IBM

Intel

Microsoft

In addition to these large companies, this sector has many other employers. In Israel, hi-tech includes many mature mid-size companies as well as young start-up enterprises.

What Jobs are Companies in the Israel Hi-Tech Sector Seeking to Fill?

The Israel Innovation Authority and Start-Up National Central published a joint study noting that the Israel hi-tech sector is growing faster than the supply of workers in the country. As a result, the nation is facing a shortage of about 15,000 skilled workers just to fill open positions.

Jobs that the industry is seeking to fill include:

Focus on Artificial Intelligence Start-Ups

Artificial intelligence is a branch of computer science that focuses on creating “smart machines” that can do tasks that humans usually perform. Artificial intelligence start-ups in the Israel hi-tech sector account for a significant portion of the industry’s employment growth. Several of these companies have received venture capital funding to continue their growth and development. Applications cover a wide range of processes in medical, industrial, and business settings.

The top 3 artificial intelligence start-ups in Israel as measured by their level of funding are:

Airobotics: automated industrial drones for gathering aerial data and developing insights

OrCam: artificial vision in an intuitive portable device

Cortica: simulation of the mammal cortex (largest component of the brain) for use in autonomous vehicles, drones, robotics

What Should Job Seekers do About the Israel Hi-Tech Sector?

Job seekers should investigate the Israel hi-tech sector for opportunities. A number of resources are available to learn about jobs in this sector. Professional networks such as Linkedin often have helpful information on companies and contacts, as does the Israel Job Board and the Jewish Agency for Israel. Job seekers may want to focus on a specific location such as Tel Aviv or Haifa and then identify specific employers to target their job preferences.

Job seekers in the Israel hi-tech sector should utilize professional career services to enhance their job search and achieve success in their career objectives.

What Should Employers in the Israel Hi-Tech Sector do?

Employers in Israel should review their employment needs and corporate growth objectives. This will help define their need for employees 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 that has the knowledge and expertise to help them design a relocation program that promotes talent acquisition.

GMS has recently published several Industry Benchmarking Studies that will help employers in the Israel hi-tech sector 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 help your company learn about how the relocation industry is evolving to meet the needs of the Israel hi-tech sector. It will also reveal increasing employee demands as they relate to their relocation process.

Conclusion

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 the Israel hi-tech sector.

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.

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 we can help your company’s talent acquisition program in the Israel hi-tech sector, or give us a call at 800.617.1904 or 480.922.0700 today.

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Domestic Relocation Trends Relocation Technology

Relocation Artificial Intelligence: What is on the Industry Horizon?

Editable vector illustration on layers. This is an AI EPS 10 file format, with transparency effects.

GMS clients in the technology sector recognize the positive aspects that relocation artificial intelligence can provide to their organizations. These clients operate on the cusp of technological innovation. As a result, many are actively working on innovative solutions that use computers to perform tasks that usually require human interaction. Their industry experiences provide real world examples that the relocation industry can leverage to improve many processes.

What is Relocation Artificial Intelligence?

Artificial intelligence (AI) can represent many different concepts and approaches. Ultimately, AI is the process whereby a machine can:

  1. Learn from what it experiences on its own
  2. Make adjustments based on its receipt of new inputs
  3. Perform tasks that mirror those performed by humans

These AI-capable machines often must process natural language patterns and utilize “deep learning.” In computer parlance, deep learning can be described as the creation and use of a large network of neurons by way of computers. This network can process a large amount of data. Deep learning is thus very similar to how human brains work. There are online certification courses and helpful resources related to Deep Learning Algorithms.

AI Developers can use computers with large amounts of data to train these large networks to respond and act similar to how humans would respond and act. Therefore, relocation artificial intelligence is the use of AI-capable machines to perform tasks usually performed by humans during a new hire or transferee relocation.

How Might Relocation Artificial Intelligence Impact Industry Processes?

Several industry processes might be impacted by the application of AI-capable machines. Processes that might change due to relocation artificial intelligence include those that require repetition of a task or a set of tasks following a specific set of rules, guidelines, and definitions.

The top 3 industry processes that might be impacted by AI include:

1. Moving Cost Estimating

Yembo has implemented AI into their moving cost estimating program. The company’s technology utilizes deep learning and robotics algorithms. This allows the program to recognize household goods, count them, and compile the information into a cost estimate. Users only need access to a mobile web browser to access the platform. The technology calculates results including percentage estimates for accuracy based on its visual perception.

2. Real Estate Appraisals

Appraisal uses AI to create a specific formula that allows the company to predict property values and then convert these values into accurate pricing. Their focus is on removing margins of error and guesswork from property valuations and forecasts for prices. As a result, this type of relocation artificial intelligence will greatly enhance pricing decisions.

3. Mortgage Loan Initiations

Black Knight launched Digital Point of Sale, an AI-powered solution that is integrated with the company’s Empower® loan origination system. The solution leverages the company’s artificial intelligence virtual assistant, “AIVA.”

What Does This Mean?

Relocation artificial intelligence is already in place for several industry processes. Many industry suppliers are leveraging AI to automate a number of tasks. Automation for repetitive tasks and processes will help reduce errors. Also, it will allow companies to focus on providing greater value in those areas that are not repetitive.

What Should Employers do About Relocation Artificial Intelligence?

Employers should work with a qualified and experienced Relocation Management Company (RMC). RMCs will have knowledge that can assist companies in understanding how processes that utilize AI can help their relocation program. They can also share recommendations and guidelines in case studies to ensure results meet expectations as well as increase new hire and transferee satisfaction.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients enhance their relocation programs through innovative technology solutions. Our team can help your company understand how relocation artificial intelligence in different processes can provide a wide range of benefits.

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.

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 learn more about relocation artificial intelligence, or give us a call at 800.617.1904 or 480.922.0700 today.

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

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Relocation Technology

Relocation Technology Features: What You Should Expect

young woman with friendly dog in their new house with moving boxes.
Woman and dog flooring in new home

Companies should expect a number of relocation technology features when they consider working with a Relocation Management Company (RMC). Some of the most useful features may seem similar among such programs, but their execution in the various technologies may vary widely. Companies should request a full demonstration to ensure the technology will provide transferees as well as the organization the best possible experience.

Review of Relocation Technology Features

The preference for specific relocation technology features will depend on the user’s role in the organization. Transferees have different needs than Human Resource Department employees or Accounting Department team members. Robust technology solutions should be easy to use and designed to process each function’s tasks quickly and seamlessly.

Relocation Technology Features for Transferees

  1. Access Relocation Benefit Details
  2. Access Relocation Calculators and Tools
  3. Connect with Relocation Coach
  4. Download Helpful Relocation Guides
  5. Easy to Access Training Videos
  6. Expense Submission and Reimbursement
  7. Interactive Map
  8. Intuitive User Interface (important for all relocation technology features)
  9. Seamless Relocation Experience
  10. Simple to Navigate Menus
  11. Track Payment History
  12. Universal Access on Any Device, Any Time, Anywhere
  13. View and Track Initiated Services
  14. View Initiated Service Progress

DETAIL on #4: “Download Helpful Relocation Guides”

Some RMCs provide a limited amount of information about a specific destination, often published by a local organization. This type of information may not include some of the most helpful resources, such as the cost of living, schools in the local area, or exciting places to visit in the area.

Global Mobility Solutions (GMS) creates detailed Destination Spotlight documents for both Domestic and Global locations that employers can share with transferees. These documents include information about the city or town, cultural highlights, shopping venues, and local restaurants. GMS can also produce these Spotlights in video format. Video Destination Spotlights are professionally created. As a result, they help transferees and their family members visualize what it will be like to live in their new location.

Relocation Technology Features for Organizational Team Members

  1. Cloud-Based Proprietary Technology
  2. Flexible and Customizable Reporting Options
  3. Helpful Resources
  4. Relocation APIs
  5. Secure and Continually Updated Technology Platform
  6. Streamlined Relocation Program Management
  7. Universal Access on Any Device, Any Time, Anywhere

DETAIL on #4: “Relocation APIs”

Some RMCs may provide solutions to share data between their relocation technology features and the client’s data systems. Often these solutions may require transferring files on a regular basis, using FTP, or File Transfer Protocol. FTP is a way to share files from one user who uploads them to a server, so that another user can download these files to their own server. FTP is simple, and works reasonably well provided all aspects of the software and process are correctly initiated, each and every time.

GMS’ team of developers has extensive experience building Application Programming Interfaces (APIs). An API provides a framework for different computer systems to communicate and share information. It lists operations that software developers can use as they design data systems. Also, an API includes descriptions for what they actually do.

A relocation API is specifically designed to facilitate the communication of information that an RMC uses for initiations and other relocation-related functions. Clients can save time and increase the accuracy of transferee initiations in their relocation program by using a relocation API.

What Should Companies do when Comparing Relocation Technology Features?

Companies should work with a qualified Relocation Management Company (RMC) that can provide access to a robust relocation technology. This will help ensure they have access to relocation technology features that support successful transferee relocations, and that help the company effectively manage their relocation program. MyRelocation™ from Global Mobility Solutions is a single-platform, online relocation management suite that provides clients and their transferees an array of decision-making, tracking, and expense management tools.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to identify the relocation technology features most helpful for their transferees and organization. Our team can help your company design a relocation policy that uses industry-leading relocation technology solutions to provide the best experience for transferees and employees.

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.

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 learn more about relocation technology features and industry-leading solutions, or give us a call at 800.617.1904 or 480.922.0700 today.

Request a relocation technology demo

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Global Relocation Global Relocation Tips Global Relocation Trends Job Market Job Seekers Talent Mobility Visas and International Travel

Singapore Tech Talent Demand Exceeds Supply

young asian business woman working in office using laptop computer.

The demand for Singapore tech talent is far exceeding the supply of workers. Singapore has been increasing its focus on growing this sector of its economy. Singapore is recognized as an excellent location for business startups and tech companies. The nation desires to become a hub for the global tech sector. Several tech companies are currently located in Singapore, including major global companies such as:

Singapore Tech Talent Grows with Tech@SG Plan

Tech@SG is a new plan to help companies hire foreign national employees to expand their Singapore tech talent. The plan is for companies with the commitment and ability to build local workforces and manufacture products in Singapore. Qualifying technology firms will have the Employment Pass applications of “core team members” facilitated by the government. To participate in Tech@SG, tech companies must meet the following requirements:

  1. Secured over US$10 Million in cumulative venture capital funding
  2. Received funding from Tech@SG-recognized venture capital in the past 3 years
  3. Be incorporated in Singapore
  4. Offer digital or technology products
  5. Have a business model built around proprietary technologies, hardware, or research

Current Economic Weakness Propels Singapore Tech Talent Demand

Singapore has cut its 2019 economic growth forecast range for Gross Domestic Product (GDP). Previous forecasts ranged from 1.5% to 2.5% for GDP growth. As of August, this forecast is now 0% to 1% for GDP growth. Many factors are negatively impacting the nation’s potential for growth, including:

  • Brexit uncertainty depressing economic activity
  • China’s slower economic growth
  • Japan and Korean trade disputes
  • United States and China escalating tariffs on trade

Trade Minister Chan Chun Sing supports the push to develop Singapore tech talent, even as economic growth forecasts begin to decline. He noted that growing the nation’s tech sector is a positive response to Singapore’s economic uncertainties. The goal is to create a foundation for future economic growth. Foreign workers will complement the local Singaporean workforce with new and updated skills. Welcoming foreign national talent with high levels of digital, tech, and engineering skills is critical to Singapore’s long-term success.

What Does This Mean?

Singapore is actively seeking foreign national workers with high levels of skills. Singapore tech talent is seen by the nation as critical to its future economic growth. Many global tech firms maintain facilities in Singapore, and the nation is looking to leverage this presence to cement its position as a global hub for technology companies and technological innovation.

What Should Employers do About Singapore Tech Talent?

Employers currently in Singapore should continue to stay informed about the nation’s increasing push to welcome foreign workers with plans such as Tech@SG. They should expect to see an increase in the number of foreign workers as companies seek to capitalize on Singapore’s investments in growing the tech sector.

Employers should be prepared to apply for Tech@SG and fulfill all of the program requirements.

Employers not currently in Singapore might consider the country as a strategic location for corporate expansion. The services of an International Professional Employer Organization (PEO) may be useful to help an employer enter Singapore and quickly test the local market.

Work with a Qualified and Experienced Relocation Management Company

Employers looking to transfer workers to Singapore or hire new foreign workers should also provide as much information about the country as possible. They should work with a qualified and experienced Relocation Management Company (RMC) that can provide a wealth of valuable resources to assist relocating employees and their family members. RMCs have experience with overcoming challenges in relocation programs. They also have knowledge about the challenges that relocating employees face with their move to a new location.

Destination spotlights that highlight many aspects of Singapore are helpful resources to share with transferees during their pre-decision process. Video destination spotlights are excellent resources to visually show employees and their family members their new location.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients understand how to grow their company’s international employment. Our team can also help your company understand how to respond to Singapore’s new Tech@SG plan. We can also help your company understand the importance of leveraging Singapore tech talent for future economic growth.

GMS was the first relocation company to register as a .com, 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.

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 your company’s interest in learning more about how to grow with Singapore tech talent and the nation’s focus on the tech sector, or give us a call at 800.617.1904 or 480.922.0700 today.

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Global Mobility Global Relocation Trends Immigration Rules Job Market Job Seekers Labor Force Talent Management Talent Mobility Visas and International Travel

Toronto Tech Talent Ranking Rises to Third Spot

Software developers solving a problem

CBRE’s annual “Scoring Tech Talent Report” shows Toronto tech talent ranks at #3 in the top fifty U.S. and Canadian cities for tech workers. The report measures cities based on several criteria, including:

  1. Job Growth
  2. Supply of Talent
  3. Tech Degrees Awarded to Graduates

CBRE is a worldwide leader in real estate services that traces its roots to San Francisco, California, in the year 1906. Over time, the company formed CB Commercial, acquired REI Limited (the international division of Richard Ellis), and continued growing to become CB Richard Ellis, also known as CBRE. CBRE Group, Inc. is the largest commercial real estate services company and investment firm in the world.

Growth in Toronto Tech Talent

Over the past five years, Toronto tech talent rose at the fastest rate of all cites in the ranking. The report notes that 80,100 new tech jobs have been created in Toronto, indicating a 54% rate of increase. The top six tech companies in Toronto are:

  1. Ecobee
  2. Top Hat
  3. Shopify
  4. Ubisoft
  5. Cisco
  6. Oracle

Highlight on Toronto Tech Talent at Ecobee

Ecobee was founded in 2007 and has become a market leader in home automation. Products include smart thermostats that conserve energy and help customers reduce their heating and cooling bills. This market is expected to experience a Compound Annual Growth Rate (CAGR) of 23.1% for the time period 2019-2024.

As a result, the market growth rate will increase demand for Ecobee’s products, in turn creating greater demand for Toronto tech talent. Ecobee currently lists several career opportunities in fields such as product technology, software development, engineering, account management, and technical support. Ecobee products interact with other smart home products such as Amazon’s Alexa. In order to interact with Alexa, Ecobee developers must learn how to connect with the service, or integrate it directly into the company’s products such as the Ecobee4 Smart Thermostat.

Toronto Tech Talent Grows with Canada’s Global Talent Stream

One reason that Toronto tech talent has been able to grow as fast as it has is due to Canada’s Global Talent Stream. This program is part of the nation’s Global Skills Strategy, designed to help companies grow by ensuring a ready pool of qualified talent. Eligible workers can start work in Canada at a faster pace with two-week processing of work permit applications. Global Talent Stream program eligibility requirements for employers include:

Category A

  1. Referral by a Stream Designated Partner
  2. Hiring of talent noted as unique and specialized

Category B

  1. Hiring highly-skilled foreign workers for jobs noted on the Global Talent Occupations List

What Does This Mean?

Canada actively seeks to encourage immigration of highly-skilled foreign workers to the country. The nation believes its future success is highly dependent on welcoming immigrants, as well as ensuring they fully integrate into society. Ontario, where Toronto is located, also focuses on attracting skilled workers to smaller cities and towns throughout the province.

Tech industry companies benefit from the nation’s progressive immigration policies. As a result of these policies, Toronto tech talent will continue to grow. Also, a pool of qualified workers is readily available to support corporate growth initiatives.

What Should Employers do to Leverage Toronto Tech Talent?

Employers in Toronto should review their company’s growth plans and requirements for tech industry jobs. They should also review their talent acquisition and management programs. This will help ensure these programs align with a growing number of highly skilled foreign workers.

Employers outside of Toronto should investigate the services of an International PEO. Relocation Management Companies (RMCs) can provide expert assistance to employers looking to expand their corporate presence in Canada.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop relocation programs that attract and retain qualified employees. Our team can help your company determine how to benefit from Canada’s focus on increasing Toronto tech talent.

GMS was the first relocation company to register as a .com, 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.

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.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts. Contact our experts online to discuss your company’s interest in benefiting from the growth of Toronto tech talent, or give us a call at 800.617.1904 or 480.922.0700 today.

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Categories
Corporate Relocation

Why Companies Should Choose an Industry-Leading Expense Management Program

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An industry-leading expense management program will provide a number of benefits for companies. To effectively manage relocation program expenses, a company must devote a significant amount of internal resources. Departments and functions include Human Resources, Accounting, Accounts Payable, Payroll, Tax, and Auditing. Complexity increases in cases of global expense management issues such as foreign currency conversions and payments. Companies should choose industry-leading solutions to ensure department needs are met.

What is the GMS Expense Management Program?

The GMS Expense Management program provides companies with a full and robust cloud-based technology solution. The award winning, world class MyRelocation® portal provides:
  • Online expense submission
  • Easy expense tracking
  • Anytime, anywhere, any device accessibility
  • Payroll reporting that is fully secure
  • Exception cost tracking
  • Custom reporting options
  • Easy to use dashboard

How Does the GMS Expense Management Program Reimbursement Process Work?

The reimbursement process is quick and easy for transferees, for any location where they reside. GMS Expense Management is able to handle multiple currencies, so transferees can submit expenses without having to convert currencies on their own. Reimbursements and invoices are processed within one to two days. All reimbursements are transmitted through Automated Clearing House (ACH) or global wire transfer for quick turnaround. Lump sum payments can be processed before the transferee’s start date.

ACH Network

The ACH network is central to US commercial transactions. Reimbursements are made through direct payment via electronic transmission in an ACH transaction to the transferee’s bank account.

Global Wire Transfer

With a global wire transfer, the transaction is paid for at the sender’s bank. The recipient’s bank receives instructions for deposit. The recipient’s bank then deposits money from its own reserve account to the transferee’s account. Following the global wire transfer, the two banks settle payment on the back end of the process.

Lump Sum

Some companies may provide a lump sum payment to a transferee. GMS Expense Management can easily process lump sums before the transferee’s start date, unlike typical company accounting systems.

How is Invoicing Handled?

The GMS Expense Management program is fully customizable to meet any requirements for coding, frequency, and format. GMS offers several flexible funding options, as well as easy payment terms. GMS also offers prepaid card solutions that provide even greater flexibility for companies and transferees. With a prepaid card, money is already available on the card and transferees have instant access to funds.

How Does the GMS Expense Management Program Integrate with Payroll?

Important payroll functions such as tax calculations and reporting are quick and efficient with GMS expense management. The GMS approach includes:
  • Year-end employee tax reporting
  • US W-2 compensation data calculations, accumulation, and reconciling
  • Regularly scheduling payroll and wage updates
  • Tax assistance calculations that are consistent and flexible
  • Tax coding done in accordance with US Internal Revenue Service guidelines
  • Estimates for assignment and tax costs
  • Expatriate compensation balance sheets and worksheets

Auditing Process

Beyond auditing actual to claimed expenses to ensure receipt accuracy, GMS expense management provides several value added services. Confirming expenses comply with company policy is critical to ensure fair and equal treatment for all employees. The program documents all exceptions to ensure proper approvals are in place. By integrating the company’s policy within the expense management program, it is easy to identify business expenses as compared to those that are truly relocation expenses.

What Should Companies Seeking to Outsource Their Expense Management Program Do?

Companies that are seeking to outsource their expense management program should look into the GMS Expense Management program. GMS provides an industry-leading technology solution for employee reimbursements. Also, GMS provides accurate tax accounting and reporting. Industry standards guide the conduct of all necessary audits to ensure accurate program implementation. Customized reporting options meet each department’s needs for information critical to their function.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients outsource their expense management program. Our team can help your company understand how to benefit from industry-leading expense management solutions. 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. 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 your interest in the GMS Expense Management program, or give us a call at 800.617.1904 or 480.922.0700 today.
Categories
Choosing a Relocation Company Relocation Technology

What Should a Company Consider When Choosing Relocation Technology?

finance dashboard with financial charts and data graphs, business intelligence concept on screen of laptop computer

Choosing relocation technology requires careful consideration. The solution to making the right choice is to know what questions to ask. Companies should ask their Relocation Management Company (RMC) a number of questions to ensure they receive an industry-leading technology.

What are the 5 Major Questions Companies Should Ask?

When it comes to choosing relocation technology companies should ask five major questions. While all of the questions are important, perhaps first and foremost is:

Question #1: Is the relocation technology secure, safe, and fully compliant?

RMCs should have systems that are compliant, as well as operable even during periods of disruption. Consider performing a security assessment of the RMC. Ask for the RMC’s business continuity plan. Answers that should be forthcoming would assure companies that:

  1. Relocating employee’s personal information is fully secure and protected
  2. Privacy setup is compliant with all regulatory requirements
  3. Necessary organization service controls are in place

Question #2: How will choosing relocation technology like this solution help our relocating employees?

Since employees will interact with the technology, it should be seen as helpful. A robust technology solution will provide employees with a positive experience. Answers to look for would include:

  1. The technology is fully accessible across any type of devices, including tablets and smartphones
  2. It can be used by relocating employees as well as candidates for positions
  3. All aspects of relocation should be covered including:
    • Expense submission and tracking—real-time and online
    • Travel arrangements
    • Tools to help transferees learn new languages and cultures
    • Access to details of all relocation benefits
    • Easy to use calculators to create buy versus rent comparisons
    • Alerts that can be sent by text or email
    • Virtual destination information and guides

Question #3: How will choosing relocation technology help our company’s relocation program?

Answers should provide assurance of a robust single-platform technology solution. The relocation technology should provide all departments that have an interest in relocation with helpful tools to understand, administer, and report on the program. Human resources, talent acquisition, accounting, and other administrative stakeholders should be able to increase their efficiency with:

  1. Online tools and resources such as reports for planning and management
  2. Analytics and tools for pre-hire and decision processes
  3. Easy to customize dashboards for data displays
  4. Budgeting and cost estimating capabilities
  5. Comprehensive performance analytics including metrics and service level agreements
  6. Easy to customize online relocation initiation and approval processes
  7. Service and financial reporting suites on demand and fully customizable

Question #4: When choosing relocation technology like this, do we know if it is customizable and scalable?

Answers should confirm that you can customize the technology to meet your company’s needs. Views should be easy to change to provide a viewer with the information they need, when they need it. Reports should be easy to create and easy to change so that any user’s needs can be fully met. The technology should be able to accommodate any number of relocating employees, from 10 to 500 or more, as your company grows in size and global footprint.

Question #5: How will this relocation technology integrate with other corporate systems?

Answers should confirm that the technology will integrate with your existing payroll, human resource administration, and other critical operating systems. This will ensure the technology will provide an enhancement to your company’s workflows and processes.

What Should Companies do when Choosing Relocation Technology?

Companies should work with a qualified Relocation Management Company (RMC) that can provide access to a robust relocation technology. MyRelocation™ from Global Mobility Solutions is a single-platform, online relocation management suite that provides our clients and their transferees an array of decision-making, tracking, and expense management tools.

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.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients understand how they can gain the benefits of using a leading relocation technology for managing relocation processes. Our team can help your company learn how to choose relocation technology that is safe, secure, and compliant. This will ensure privacy and protection of employee information. We can also demonstrate our easy to use tools that provide quick and simple solutions for information and expense tracking and reporting.

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.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s needs for choosing relocation technology, or give us a call at 800.617.1904 or 480.922.0700 today.

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About

Contact Us

About Us

GMS Client Login

Privacy Policy

Other Services

Our Technology

Global Relocation

Group Moves

U.S. & Canadian Relocation

Address

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

1.800.617.1904
Available 24/7/365

About

Contact Us

About Us

GMS Client Login

Privacy Policy

Address

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

1.800.617.1904
Available 24/7/365

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