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transferee relations

Transferee Tax Filing Tips

Tax season has arrived. It is both a headache and a relief for some people as they stumble around the rules and regulations of tax laws, exceptions, deductions, and write offs, hoping for a big return. Obviously, it’s important for everybody to take care when filing their taxes but it’s especially important for recently relocated transferees to understand exactly what their work related move entails in terms of filing. The best advice I can offer is to have your transferee speak to a professional tax consultant to ensure everything is filed correctly, but there are several tips, tricks and reminders that I can offer right now.

The Benefits of Relocating Transferees in December

I know that your busy relocation season is usually over the summer. Your transferees’ kids are out of school, so moving them to a new city is easier without having to pull them from the middle of a school year. But companies change and grow all year long.  Business doesn’t stop because of winter weather or holidays – at least not for more than a few days. While your company may not relocate quite as many people over the winter months and the holiday season, that doesn’t mean you don’t have transferees mid-move, looking for a new home in a new city. Luckily, there are several benefits to both relocating and buying a home at the end of the year.

3 Ways to Help a Homesick Transferee

If you have moved a lot of transferees, or have had the experience of working closely with one, you should know that they are going through a major transition. Even the most positive of transferees go through bouts of homesickness, or general emotional discomfort, as a result of rapid changes and unfamiliar territory. Feeling homesick is a perfectly normal and almost always inevitable.

Your Transferee Must Do This One Thing Before Listing Their Home

The home selling process is at the top of your transferee’s list of stressful relocation tasks. There is a lot to consider and a lot to do both before and during the marketing period. Sure, your transferees know to clean and organize the1-thing-your-transferee-must-dohome and work on the curb appeal before the Realtor shows it to potential buyers, but do they know that they should take the time to talk to their local government to check on the accuracy of information on file?

Three Issues to Tackle to Make the Relocation Decision Easier for Transferees

When it comes to relocation, I think we all want the same thing: an employee that is happy, focused and engaged in their work at the new location. With the ever-changing relocation environment and a less than ideal economy, however, many companies have made major cuts to policies offered to transferring employees. In addition to corporate changes, the same issues have led employees to evaluate relocation opportunities even more carefully than they have in the past. So, the question is, how can you design relocation policies to fit your company budget but also attract your necessary talent?

A Vocabulary Lesson for Home Buying Transferees

My fiancé and I are inches away from closing on our first home. It has been a whirlwind of an experience, especially as we plan a move in the middle of the busy summer season. While I was pretty well informed going into the Home Buying Vocabularytransaction (several years in the relocation industry helps with that kind of stuff), I still learned a lot throughout the process and it made me realize, I’m probably not alone. With transferees moving all around the country this season, I thought today would be a good time to go over some standard real estate lingo that your employees will encounter if they are buying a new home at destination.

Five Ways to Celebrate the 4th of July Abroad

 

It’s easy to get swept up in the fun of Fourth of July celebrations here in the states. Who doesn’t love a day off and a BBQ with fireworks to top it all off? But it’s important to consider your Fourth of Julyemployees who may find themselves out of the country during a purely American holiday for the first time. Many expats will face a common challenge this year: How can they celebrate Independence day without coming across as culturally insensitive in their new home? As an assignee, it’s important that your employee considers their surroundings when planning any sort of celebration.

Expert Interview: Temporary Corporate Housing

Everybody within the relocation industry knows that temporary corporate housing plays a major role in transferee Kelly Reganexperience. Finding a new home at destination isn’t always a cake walk and for many, temporary housing is a vital benefit. A couple of weeks ago, I had the privilege of picking the brain of Kelly Regan, Executive VP of GO Furnished Housing. It’s so valuable to gain insight from our trusted vendor network here at XONEX and I knew that her experience in the corporate housing world would be valuable to not only those on the RMC side, but also those of you in HR and procurement.

How to Explain Delivery Spreads to Your Transferees

Aside from selling their home and finding a new one, the household goods moving process is the most stressful aspect of your employees’ relocation process. There are a lot of details and steps involved in ensuring the move goes smoothly and in a timely manner. While your relocation provider will spend time explaining each step, should the Household Goods Movinghousehold goods move be included in the transferee’s policy, it is always a good idea to provide your transferee with as much helpful information as possible as the employer as well. The purpose is to manage expectations, especially during the height of the busy moving season. One of the biggest issues people tend to have regarding the household goods move is the concept of a delivery spread. So what exactly is a delivery spread?

Managed Cap Program Managers: Yay or Nay?

Like corporations, employee relocation service providers have had to adapt to shrinking program budgets, less company gatekeepers, and ongoing pressure to simplify the process. Some companies, in response to budgetary constraints, and just not having the personnel to administer multi-benefit programs have switched (especially with Managed Cap Programstheir lower level and rental programs) to a lump sum or managed cap program. Both these programs offer the companies more budget certainty and uniformity. Noting this, some relocation providers have entered the market with a stripped down, limited scope approach. Whereas the traditional service provider had previously geared their approach toward homeowners, with modifications scaling back benefit levels for the renters, and college recruits, these new companies focus on the growing population of less defined relocations.

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MIKE CANNING
VP, Client Services

RICK CALANNI
VP of Business Development Northeast Region

 

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