During the August survey of Harare, our visit found the Zimbabwean economy in a state of transition. This June, after a decade of using a mix of approaches but primarily relying on the U.S. dollar for transactions, the Reserve Bank of Zimbabwe announced that a new Zimbabwean dollar (ZWL), also known as the Zimdollar, was the only acceptable form of payment.
Control program costs while meeting assignee needs via well-designed policies that address economic changes over time. Access the recording to learn how to:
Understanding how and when to use different compensation approaches is key to achieving global mobility goals. Join us to learn more about:
The Meeting The Challenges of Change: Global Mobility Assignments webinar grants attendees one general HR Certification Institute credit. Global mobility is rapidly changing and increasingly becoming a point of emphasis for employers. In fact, almost half of employers expect the demand for global assignments at their organization to increase during the next year, according to Envoy Global’s 2019 Immigration Trends report. Learn more and register today!
Want a refresher on the latest trends in Global Mobility? Please join the 2019 AIRINC institute webinar series! Choose your sessions of interest or attend them all. These are complimentary educational sessions for the first 500 registrants. Act now and register today while spaces are still available:
For many years, the expatriate rental market in Turkey has been dominated by leases signed and paid in USD or EUR. In September of this year, President Erdogan issued a decree stating that all leases in foreign currency must be converted to Turkish lira (TRY). This move was made to stem the sharp inflation that battered Turkey’s currency in 2018, resulting in a loss of over half its value at its worst point.
News about extraordinary economic volatility in major emerging market countries such as Argentina, Brazil, Turkey, South Africa, and others has global mobility departments questioning whether they need to take any special measures to address the concerns of their international assignees.
The economy of Venezuela continues to be one of the most volatile in the world. On Friday, August 17, President Nicolas Maduro announced the devaluation of the Bolivar Fuerte (VEF) from about 250,000 to 6,000,000 VEF to 1 USD.
The Turkish lira has had a volatile year and an especially tumultuous past week. In July, the Central Bank of Turkey alarmed investors by keeping interest rates steady even as CPI annual inflation rose to double digits.
Want a refresher on the latest trends in Global Mobility? Please join the 2018 AIRINC institute webinar series, Part 5, where we will discuss best practices for managing your mobility program over time.