This is my favorite time of year. I actually started the Christmas music weeks ago in an effort to prolong a very short holiday season. Between work and a rigorous school program, however, I haven’t really been able to sink into the festivities. For a die-hard holiday fan, this is a bit of a bummer! But, then I think of all the expats abroad who may not have a chance to celebrate with their loved ones and I realize how lucky I am to be close enough to family to enjoy the day. Or even in a country that supports holiday traditions for a variety of beliefs and customs.
Last year, after a day of meetings and daydreaming, I put together relocation program challenges for Zombies. The concept captured the imagination of our readers and, like all successful stories, there must be a sequel!
So, your relocation program is a success and, for once, you are staying on budget. You hear an occasional groan – they do that a lot actually. But, for the most part, your zombies are moving with the precision of the Zombies in the Thriller video. Then, a monkey wrench is thrown into the operation! Your business model is shifting. The cost of (un)living is continually on the rise. Resources, regulations, and infrastructure issues are making you move facilities and personnel to a new city. For many companies, a group move can turn into quite the horror story.
Today, I want to talk about performance reviews. We all know that most companies rely on the data provided by performance reviews for numerous business decisions. When I was in HR, reviews were a useful tool for succession planning, compensation decisions, recruitment and retention strategies, development initiatives and engagement plans. These issues are clearly very important in the workplace, so we never questioned the need for a robust performance program. The question we did struggle with, however, was how to effectively infuse accuracy and timeliness into the process.
This article is reprinted from Taxolutions with permission from Rowland, Johnson & Company, P.A.
Many Americans are considering moving abroad to take advantage of professional and personal opportunities in a global economy. But as a U.S. citizen living in a foreign country, your tax situation may become more complex, especially because the U.S. requires all of its citizens and green card holders living abroad to continue to file returns in the U.S., and pay taxes on their worldwide income. Depending on the source and level of your income, however, you may be entitled to a number of tax breaks, chiefly designed to keep you from being taxed doubly by your adopted country, as well as the United States. Whether you actually come out ahead on taxes will depend on which country you work in and its tax rates, along with your individual financial and employment situations.
It’s good for relocation managers to know, and understand the fact that the relocation inspection is often a sore spot among transferees. This shouldn’t be too much of a surprise – home inspections are a sensitive topic for most homeowners – but given the high-stress combination of relocating for work AND selling a home, concerns are always intensified. In a relocation situation, transferee concerns focus on two primary areas: the cost of repairs and disclosing any negative findings to potential buyers.
When you’re moving a transferee and his or her family, what do you really want from the people who you have trusted to help them? Of course you want good information, guidance and services – these are the “must-haves” that any good relocation company should provide. But, when you consider what is going to make a difference in the lives of your transferees – and the success of your program – I would say that it’s critical to find people who genuinely care.
If you are relocation manager, you are probably bombarded with the question: Why is my buyout amount so low? And, of course, you’ve handled accusations that the appraisers are “in your service provider’s back pocket.” While there are many factors that influence the appraised value, the biggest culprit for lower than expected valuations is the forecasting adjustment tool.