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"We’re having difficulty recruiting new hires and relocating key talent who own homes in slumping real estate markets. There is a reluctance to relocate if they stand to lose too much money on what could be their largest investment."
We’ll provide you with critical questions to ask of your line managers that can improve hiring decisions; create cost-effective policies; and motivate key talent to feel more comfortable when relocating from a depressed market.
"Our relocation costs are out of control. We don’t have a dedicated central point of contact that can monitor costs, provide consistent reporting, and provide cost information to key decision makers."
The framework for controlling costs is to first estimate what you “think” is going to happen then track “what really happens” for consistency. Discover how you can reduce administrative and transferee/assignee costs by implementing a single source, fully integrated mobility database with the ability to budget and manage expenses, and provide accurate reports as required.
"We don’t have time to evaluate and implement the newest technology resources available and apply it to our mobility needs?"
Without an efficient technology infrastructure, great ideas for overall transferee and assignment savings are greatly reduced due to inadequate systems, inefficient business processes, and poor administration. Discover an innovative infrastructure that can manage programs, policies, immigration, expense activity, multiple vendors, administrative and transferee/assignee costs, tax compliances, and deliver pay in multiple currencies with one end-to-end resource.
"We’re “manually” tracking and reporting our global mobility activity with spreadsheets."
Paper tracking and notes in someone’s head can be detrimental In the event of a natural disaster or a terrorist activity where you have relocation activity and/or properties being managed. Also, if a stakeholder requires immediate cost breakdowns, manual tracking doesn’t allow for instant access and retrieval of information. Discover an end -to-end technology platform that includes a built in 24/7 tracking and reporting feature -- eliminating reporting confusion, duplicate data issues, and poor response time.
"We’re dealing with difficult family issues that are causing failed relocations and assignments."
Communication with the spouse/partner in the pre-relocation stage is pivotal to the success of any relocation or assignment. By conducting a thorough process audit, we can help you discover effective ways to retain relocating employees, raise their productivity, and immediately integrate the family into the new area.
"We’re not sure if we have the processes and procedures in place to support us in the event we’re audited for I-9, immigration, and USA home sale Buyer Value Option (BVO) compliance."
Once the correct policies are in place, Bristol will show you how to create a process for conducting your own internal audits to insure compliances are met and prevent possible fines. Learn how to create global mobility policies and processes that demonstrate compliance “intent”.
"Global immigration and tax requirements are so complex, we’re not sure which questions to clarify first while preparing a USA domestic transfer, an international business trip, an international assignment, or an international transfer."
The “where do I start first” dilemma is a very common question in a highly regulated global tax and compliance environment. Once you’re able to define the intended duration of the business trip or assignment, Bristol can assist with you a process for researching each country’s, province, or USA state requirements for taxes and Immigration that prevents costly compliance mistakes.
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