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As Asian companies expand worldwide to take advantage of untapped international markets, they often find that they are competing directly with formidable global organizations for the key talent they need to succeed. While the challenges that Asian companies face have now become truly global in nature, local talent pools in many Asian countries often do not support the level of skills and experience that are needed to drive a global business. This is seen most evidently at the senior executive level where the shortage of qualified talent is often the most acute.
Twelve months ago, almost every conversation in the U.K. was dominated by Brexit. News channels, radio shows, and documentaries were fixated on the countdown for the United Kingdom leaving the EU.
The increasing use of cross-border, intra-company transfers to meet global staffing needs is presenting new challenges to compensation professionals. Comparing the pre and post-transfer compensation offering is generally straightforward when the move is domestic, but can become complex when two different countries are involved.
The increasing use of cross-border, intra-company transfers to meet global staffing needs is presenting new challenges to compensation professionals. Comparing the pre- and post-transfer compensation offering is generally straightforward when the move is domestic, but can become complex when two different countries are involved.
The term “Third Culture Kids” refers to children raised in a culture other than their parents' or the culture of the country named on their passport. You may not have heard of this term before, but many children can find themselves in this situation – job opportunities, especially in the technical or engineering field, are often global and expatriation is common.
1. How has COVID-19 impacted buying and selling real estate in the United States and Canada? Typically, the hope is for a linear path for the homebuying and home selling process. Most of the time, there will be at least slight deviance from the path during the process. Currently, there’s more deviation than is standard, but the real estate market is resilient and somewhat surprisingly resilient in the current times.
1. What is the most common question you are facing with home sales/purchases and how are you addressing it? Are things still closing? The resounding answer is ”yes, they are, but…” We’ve seen some declines and many delays year-over-year in home sales and home purchases, but closings are happening and prices remain steady because of the historically tight inventory availability.
I relocated to San Francisco in 2013. As someone who lives here and works in the cost-of-living industry, I can confirm that SF is one of the most costly places in the world. But, I'm also here to tell you that living here is worth the cost. The Bay Area is a truly wonderful place to live. But organizations often have a hard time relocating talent here due to the cost. But even when we do convince people to move, relocations often fail because organizations don't help relocating employees understand the nuances of the Bay Area and find the right housing fit for them.
What is the best solution for your company: full-service relocation, lump sum amount, or a hybrid approach? It’s a hotly debated topic within corporate relocation programs and is discussed at almost every industry event. Companies must weigh their budget against the level of support they are willing to provide transferees. There’s no easy answer, no one-size-fits-all.
