QRM: Clarity in housing finance

couple buying new houseIt took nearly three years, but the Qualified Residential Mortgage (QRM) rule has been finalized by the Federal Deposit Corporation, which should translate into a win-win for homeowners who are relocating.

The new rule includes a broad definition of QRM and aligns with the Qualified Mortgage (QM) standard implemented earlier in 2014. The biggest sticking point in the passage of the QRM was the high down-payment requirements that previously proposed QRM rules imposed. (more…)

Talent mobility takes flight

HiRes (2)Over the past decade corporate relocation policies have become an increasingly sophisticated, balancing the needs of the company with those of the relocating employee. As the global economy struggled, companies formulated relocation policies that empowered them to realize their talent management objectives while managing costs and minimizing the stress and inconvenience for relocating employees.

Today we look at the recently released 2014 Worldwide ERC® (Employee Relocation Council) survey, which reported that U.S. companies experienced a 10 percent increase in domestic employee transfer volume in 2013 over 2012, and employee reluctance to relocate dropped a significant 16 percent from the previous year’s survey. (more…)

Employee perks beyond the Thanksgiving turkey

Laptop, gifts and computer mouse isolated on whiteAs an international relocation company, TRC Global Solutions has discovered some of the perks our clients offer their employees. Today, we share some of the best we’ve come across.

Full-service relocation: While many companies have been attracted to the simple administration of lump-sum payments, these programs do tend to offload a lot of responsibility onto the relocating employee, which can increase distraction and slow the relocation. Recognizing this, many companies continue to offer more comprehensive Buyer Value Option or Guaranteed Buyout services. These more complete home-selling programs can be augmented with services that meet the employee’s unique needs, such as pet transportation, and make the moving experience less stressful. (more…)

Five mistakes companies make when choosing an international relocation company

HiRes (3To remain competitive and gain an edge, more and more companies are pursing the best and brightest talent around the world. While any move is stressful, an international assignment can be exponentially tougher. Choosing an expert international relocation company can reduce stress, increase satisfaction and reduce the risk of miscommunication and failed assignments. (more…)

Eyeing an older home? 10 considerations before signing on the dotted line

houseYou’re relocating and have a few days to find your dream house – or at least a house you can call home. New homes sparkle, but older homes have character. Plus, you’ve been watching DIY shows on TV that have convinced you to give one a try.

Before you sign on the dotted line, there are some things everyone should consider when buying an older home.

Lead paint: If the home was built before 1978, the year lead paint was banned, it should be tested by a certified lead inspector. Lead dust is released when you sand or scrape old paint. (more…)

10 questions to ask a relocation company

Office Chair with a Box of SuppliesLet’s face it: Relocating consistently ranks as one of life’s most stressful experiences. But in our global economy, relocating employees seamlessly is more important now than ever before.

10 questions to ask a relocation company:

  1. Talent mobility – a phrase that has quickly become part of our daily business jargon – is the key to keeping the best and brightest committed to a corporation. TRC Global Solutions defines talent mobility as the movement of employees to where they are needed most, sometimes across the world, sometimes right next door. Will your prospective relocation company strategize with you on how best to use talent mobility to help your company achieve its broader strategic objectives?

(more…)

Webinar: Managing the Cultural Considerations of Emerging Markets

Date: November 4, 2014

Time: 2:00 P.M. ET

Focus: Global

CE Credit: GMS, CRP-Intl.

Cost: FREE

TRC Global Solutions is pleased to present a new webinar, Managing the Cultural Considerations of Emerging Markets, hosted by Dean Foster, President, DFA Intercultural Global Solutions.

As the world becomes more interconnected and business more global, a growing number of companies are entering emerging markets.  Whether they are seeking new customers, building facilities or deploying talent, their success requires an understanding of, and sensitivity to, the local culture.  This session will explore the key cultural considerations that should be assessed before entering, and while operating, in these markets.  It will include tips for effective business and personal exchanges that will help to increase the odds of success in these emerging markets.

Register Today!

Presenter(s):

Dean Foster President DFA Intercultural

Telecommuting: Wave of the future or simply not for you?

Portrait of businessman working from home

According to the U.S. Census Bureau, in 2010 4.2 million more people worked from home than a decade ago, and no, they’re not all stay-at-home moms. The typical telecommuter is a 49-year-old college graduate — man or woman — who earns about $58,000 a year and belongs to a company with more than 100 employees.

At TRC Global Solutions, many of the employees we relocate spend at least one day a week – often more – working from home. Some more facts from the Census Bureau:

  • About one in 10 employees who worked exclusively from home was 65 or older in 2010.
  • About a quarter of home-based workers were in management, business and financial occupations.
  • Home-based workers in computer, engineering and science occupations increased by 69 percent between 2000 and 2010.
  • Mondays and Fridays were the most popular days to work from home for those who work both at home and at another location.
  • Metro areas in the Southeast, Southwest and West had the largest percentage of workers who worked from home.

(more…)

Today’s best and worst place for business

iStock_000025014441Small (2)Looking to relocate? Then head to Raleigh, N.C., and avoid Atlantic City, N.J., at all costs!

At least that’s what Forbes magazine is saying. Annually, Forbes crunches the numbers on 200 metro areas to determine the best and worse business climates. In June, U.S. employers added 288,000 jobs according to the Bureau of Labor Statistics, and the unemployment rates fell to 6.1 percent, the lowest it has been since 2008. Although the overall numbers are looking good that does not mean every area of the country is experiencing gains. (more…)

Jannette Matula Joins TRC Global Solutions as Director, Global Services

To assume responsibility for the strategic direction and management of TRC’s global talent mobility function

MILWAUKEE, Wis. July 30, 2014

TRC Global Solutions (TRC), a leading talent mobility company, announced that Jannette Matula, CRP, GMS, has joined the company as Director, Global Services. Matula will be based in TRC’s Western Operations Center in Denver.

Matula brings more than 17 years of global mobility expertise to TRC. As Director, Global Services, she will be responsible for the strategic direction and management of TRC’s global talent mobility function.

Matula brings both corporate and relocation management company experience to TRC. Most recently, she was Director, Global Mobility at TeleTech, a business process outsourcing company. There she was responsible for managing the successful transitions of TeleTech’s expatriates and accompanying family members to US and global project locations. At CH2M Hill, an engineer-procure-construct company, Matula was Global Mobility Consultant, responsible for the successful mobilization of expatriates and family members. Matula began her corporate relocation career at Agilent Technologies, as Regional Relocation Manager—Americas. She owned the programs and processes for over 300 international relocations into and out of the Americas and co-directed the selection and transition of global service providers.

Her relocation management company roles include Global Supply Manager, where she established SLAs, scorecards and KPIs with global vendors and managed performance; International Operations Manager; and Senior International Assignment Consultant.

Matula earned a B.A. from Binghamton University, with majors in Spanish and Political Science. She studied abroad in Mexico and Madrid. Matula holds the Certified Relocation Professional (CRP) and Global Mobility Specialist (GMS) designations from Worldwide ERC©.

Jannette Matula can be reached at +1.414-226-1733 or jmatula@trcgs.com.

About TRC Global Solutions

TRC Global Solutions is a leading global talent mobility firm. Our flexible, cost-effective global mobility assistance empowers our clients to realize their talent management and business objectives. We help a diverse range of clients from smaller, start-up firms to Global 1000 companies to optimize their potential. Visit TRC Global Solutions.

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Media Contact

Jerry Funaro, CRP, GMS-T Vice President, Global Marketing

jfunaro@trcgs.com

+1.203.925.2001