Express News Update, January 2012

 

April 19, 2012

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GMS® Module 2 Goes Online to Rave Reviews

 

Formal Talent Management on the Rise

Upcoming Events

Events

National Relocation Conference
May 9-11, 2012

San Antonio, Texas

Global Workforce Symposium
October 3-5, 2012
Washington, DC

Global Mobility Specialist

Module 3: San Antonio, Texas
May 9, 2012

Module 3: Parsippany, New Jersey
June 14, 2012

Modules 2 and 3: Hong Kong
June 21-22, 2012

Module 3: Chicago, Illinois
September 6, 2012

Module 3: Washington, DC
October 3, 2012

Certified Relocation Professional (CRP) Exam

Certified Relocation Professional (CRP) Exam
May 9, 2012
San Antonio, TX + 14 other U.S. Locations

Webinars

Effective Payroll Administration for International Assignments - Top 10 Quick Wins for Process Improvement
April 24, 2012 2:00 p.m. (EST)
Free! Sponsored by: SIRVA

Africa Rising: Cultural Considerations for Working with Emerging Markets
May 1, 2012 2:00 p.m. (EST)
Free! Sponsored by: TRC Global Solutions

China and European Perspective
May 15, 2012 2:00 p.m. (EST)
Free! Sponsored by: Santa Fe

Partnering with Your Tax and Relocation Providers For Year-End Success | A Corporate Perspective
May 22, 2012 2:00 p.m. (EST)
Free! Sponsored by: The MIGroup

Relocating to Japan in 2012? Five Things You Need to Know
June 5, 2012 10:00 a.m. (JST) | 2:00 p.m. (EST)
Free! Sponsored by: Relo Japan

Relocating to Japan in 2012? Five Things You Need to Know
June 12, 2012 2:00 p.m. (EST)
Free! Sponsored by: Relo Japan

What Really is Going On with Real Estate?
June 19, 2012 2:00 p.m. (EST)
Free! Sponsored by: Cartus

Tornadoes, Hurricanes and Earthquakes: Is Your Relocation Program Ready for a Natural Disaster?
August 14, 2012 2:00 p.m. (EST)
Free! Sponsored by: CapRelo

The Current State of Short Sales and Foreclosures: What You Need To Know
September 18, 2012 2:00 p.m. (EST)
Free! Sponsored by: AIReS

The 2012 Biggest Challenges Survey: Issues, Trends, and Best Practices
November 13, 2012 2:00 p.m. (EST)
Free! Sponsored by: Cartus

 

Articles

GMS® Module 2 Goes Online to Rave Reviews

If you’ve thought about earning the Global Mobility Specialist (GMS®) designation, but have been restricted by time and/or travel, we’re bringing the opportunity to you! Last year, we debuted the online version of GMS® Module 1, Applied International Assignment Policy Development. And now, we’re pleased to announce that Module 2, Policy Alternatives, Strategies and Tactics for Global Workforce Mobility is also online, so candidates can save time and travel expenses on the three-module requirements for earning the GMS® designation. “Within just days of launching Module 2 online, 43 professionals requested and received codes to take this education. And those who have completed the GMS® exam have given Module 2 a 100 percent satisfaction rating! Many also told us they’re finding it very valuable and easy to use, and would recommend it to a colleague,” said Director of Professional Development and Training, Sheri Schaffer, who administers the program.
 
The GMS® designation, which denotes specialization in the field of global workforce mobility and a strong commitment to ongoing education, requires that the GMS® candidate participate in three modules (two of which are now online) and pass an online exam. To take Module 1 or Module 2 online, visit Worldwide ERC®’s website. To complete the requirements to earn the GMS®, register to take Module 3 this year in a variety of locations:

  • San Antonio, Texas, prior to the National Relocation Conference, May 9, 2012,
  • Parsippany, New Jersey, June 14, 2012,
  • Hong Kong, China, June 22, 2012, (Module 2 will also be offered live in the Hong Kong site only on June 21),
  • Chicago, Illinois, September 6, 2012,
  • Washington, DC, prior to the Global Workforce Symposium, October 3, 2012.

For even greater flexibility and accessibility around the globe, the GMS® modules can be taken in any order, and Worldwide ERC® is planning to have all modules online by Spring 2013.

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Formal Talent Management on the Rise

Three separate surveys confirm that multi-national companies (MNCs) have formal talent management programs.  The first, a joint effort between Worldwide ERC® and Towers Watson comparing the practices of companies headquartered in Europe, APAC and the U.S. found that three-quarters of responding MNCs have a formal talent management program.  An Executive Digest of the survey is available on the Worldwide ERC® website (members only).

Separate benchmarking surveys conducted among HR/Mobility professionals with responsibility for the APAC and EMEA regions yielded similar results: nearly nine out of 10 companies with activity in EMEA report the presence of a talent management function, as do 75 percent of organizations with activity in APAC. 

Additional highlights from the two Benchmarking Surveys:

  • Nine out of 10 organizations in both surveys pay their international assignees a hardship premium for certain destinations.
  • More than half the organizations with activity in EMEA consider the destination location only when determining the amount of the hardship premium.
  • Half of those with activity in APAC consider both the home and destination location.
  • 35 percent of those with activity in the APAC regional “always” or “sometimes” take advantage of an international assignee’s experience after repatriation, compared with 83 percent in EMEA.
  • A higher percentage of companies responding to the APAC survey (22 percent) have a formal definition for a successful assignment than those responding to the EMEA survey (9 percent).  An overwhelming majority of respondents for both surveys consider an assignment successful when assignment objectives are met.
  • Respondents to both surveys identify skills shortage in the local population as a primary challenge their companies are facing in-region.

For more information on mobility practices and challenges in these regions, visit EMEA and APAC Benchmarking Surveys on the Worldwide ERC® website.

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Mobility magazine highlights

Mission Incomplete: Disaster Recovery for Your Third-Party Program
By Jerry Funaro, CRP, GMS
If the relationship with your Relocation Management Company (RMC) is going south, you have two choices: fix or flee. Funaro explores the different types of problems that can arise, client and RMC responses and solutions, and most importantly, how to avoid the challenge all together. Fix or flee - what will it be?

How much do you know about Italian Life, Business and Culture?
Destination Profile: Italy
By Lorelei Carobolante, SCRP, SGMS, GPHR
The distinctive value that Italians place on relationships permeates–and strengthens–all aspects of their culture. Understanding the convivial lifestyle in context with workplace interactions is essential to professional effectiveness and culture acclimation. Take the journey with Carobolante as she helps you navigate this unique culture and society, and offers great tips for those conducting business in Italy. Test your IQ (Italy Quotient).

Read the entire magazine online now.

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In Afghanistan, Businesses Plan Their Own Exits

New York Times (3/30/2012) Bowley, Graham and Rosenberg, Matthew
Since the U.S. announced its intention to withdraw from Afghanistan by 2014, Afghan businesses and citizens have begun exiting and preparing to exit in staggering waves. Last year 30,400 Afghans applied for asylum in industrialized nations, which is the highest number of applications in 10 years, and four times as many as 2005. At the same time, local businesses are planning their exit, and just last month the only Western bank in Kabul said it has begun its plan to leave the country.

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U.S. Economy Enters Sweet Spot as China Slows

Bloomberg (4/3/2012) Miller, Rich and Kennedy, Simon
Improvements in the job market, combined with a rise in the stock market and easier credit are lifting U.S. consumer confidence and spending to close to a four-year high, according to the Bloomberg Comfort Index. Those gains, coupled with a slowing Chinese economy, mean the U.S. is poised to be the main engine for global growth yet again. Stephen Jen, a managing partner at the London-based hedge fund SLJ Macro Partners LLP says that with all that is at work, “the world is set up to allow the undervalued dollar to reassert itself.” But even with signs pointing up, Fed Chairman Ben S. Bernanke remains cautious, noting “we haven’t quite yet got to the point where we can be completely confident that we’re on a track to full recovery.”

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National Relocation Conference: Which sessions are on YOUR must-attend list?

With over 30 educational sessions, more than 10 hours of scheduled networking, multiple charitable opportunities and inspiration from Keynote Speaker and renowned innovator Peter Diamandis, the National Relocation Conference is THE place to be May 9-11 to grow your business and refine your strategies and solutions for success!

Among the highlights:

Worldwide ERC®’s U.S. Tax and Legal Update
Thursday, May 10, 2012 | 10:45 a.m. – 12:00 p.m.
Identifying issues that can cause tax liability or create legal problems is key to keeping companies and transferees risk-free. Explore current and pending tax and legal issues impacting the U.S. mobility industry, identify critical compliance areas, and bring your most pressing questions to ask of our experts.

Stick It! to Memory
Thursday, May 10, 2012 | 1:45 – 3:00 p.m.
We all know what we need to be doing each day to be successful - in theory. Putting it into practice can be the real challenge. When faced with obstacles or opportunities that may require stretching ourselves, it’s easy to forget the necessary disciplines to see us through. Gain insightful tools to help you determine how to approach success, compile an effective list of do's and don'ts and examine all your options.

Techniques and Resources for Estimating Move Costs
Thursday, May 10, 2012 | 3:30 – 4:30 p.m.
Participate in a roundtable group for a hands-on cost-estimating exercise, explore creative methods and best practices for estimating a move’s costs and take away an online estimating tool kit and list of resources.

Explore the full list of all the robust educational content and secure your registration today

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Mobility Law Blog Updates

Home Office Deduction Can Save Substantial Taxes
Both employees and the self-employed are allowed a deduction for a home office, if a number of requirements are met.  The office usually must be the “principal place of business” of the worker, which in the case of an employee generally means that the employee is not provided an office by the employer.  The space must be used “regularly and exclusively” for business. 

And only the portion of home expenses allocatable to the office are deductible.  However, if the home office qualifies, travel expenses from that office to other places of work are also deductible.  And the IRS has provided a favorable rule that the excludable gain on sale of the principal residence is not reduced by the gain allocable to the office space; only depreciation taken is taxable. Read more.

States Continue to Consider Appraisal Management Company Registration Legislation
The regulation of appraisal management companies continues to be a hot issue in many state legislatures.  The legislation currently being considered by legislatures would primarily set standards for the registration and oversight of appraisal management companies.  These bills would also provide a template for the setting of registration and renewal fees.  Although some state legislatures have taken the fee issue further by looking at also requiring surety bonds.  In most cases, relocation management companies are excluded from the standards and paying the fees.

A majority of the legislation that has been either recently enacted or is still pending is based on the Appraisal Management Company Registration & Regulation Model Act developed by the Appraisal Institute.  For a copy of the Act, please go to the document found on the Appraisal Institute websiteRead more.

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Worldwide ERC®

Mission
To educate and network mobility professionals- worldwide.

Vision
The first and foremost center for corporate and government
global mobility.

Values

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  • Infectious positive attitude

 

We educate and network the world’s mobility professionals

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Worldwide ERC® Express News Update