corporate roundtable discussion april 4, 2011. ten areas of discussion transfer volume policy...
TRANSCRIPT
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Corporate Roundtable Discussion
April 4, 2011
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Ten Areas of Discussion
• Transfer Volume
• Policy Changes Made Recently
• Policy Changes Contemplated
• What Works Well
• What Needs Improvement
• Relationship with Procurement
• Relationship with Talent Management
• Global Focus
• One Minute Advice to Service Industry Partner
• Other Areas of Discussion
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Transfer Volume
• 40% above last year• Transfers decrease, new
hires increase• Same – ’10 up 60%• Same domestic, global up• Decrease – re-structure• Slight increase – but big
increase in Q1 – ’12
• Increasing• Down in ‘11• Same now but expect
decrease• Same – but more renters• Remain the same (4X)
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CEO Confidence vs. GDP
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Policy Changes Made
• Crating limit increased• Removed buy-out• Began home buy-out• Tweaked existing• None (4X)• Increased loss-on-sale
(5X)
• Implementing several large changes
• COLA, HHG audit, pre-decision counseling, list price restrictions (some in’11)
• Eliminated equity advance
• Local plus
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Policy Changes Contemplated
• None for US – re-evaluating global home sale
• Creating more tiers
• Considering a Global policy
• List cap, revamp Lump Sum, full inspections
• Change from 4 tiers with no caps to 2 tiers with caps
• None (5X)
• Several due to sourcing to RMC
• Trip allowance grossed-up
• Implementing a commuter policy
• Considering list price restrictions
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What Works Well in our Industry
• IRS Ruling, RMC knowledge
• Well established processes
• Simple services like HHG
• List cap, revamp Lump Sum, full inspections
• Hands on coordinator
• Flexibility
• 3rd party homesale process with right RMC
• Lump Sum allowances
• Synergy between service providers
• Benchmarking/Networking
• Wealth of information and willingness to share best practices
• Robust policies, strong 3rd party partnership
• HHG working smoothly
• Standard relocation policy
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What Doesn’t Work Well in our Industry
• Communications, frequent mergers of providers
• Hiccups in financial markets, unreliable market data on appraisals
• Metrics reporting
• Appraisals; forecasting
• Outsourcing to foreign call centers
• Global assignment planning
• Synergy with lenders
• Exceptions to policy
• Improve pre-decision tasks to help transferees understand financial impact
• Our policy – temporary transfer to host country, employees lose home country benefits
• HHG claims process
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Relationship with Procurement Department
• Counsel and analysis, but we make decision
• Partnership formed 10 years ago – work well together
• HR business partner • Procurement writes contracts
we’ve already negotiated• Procurement manages/runs
RFPs• Not involved in selection• Work closely together
• Good partnership, but we make final selection
• Minimal – we make decision, they secure contracts
• Excellent • Assist with RFI process• Fair• They provide a service to me,
but start over every 3 years• Working closely on
implementation
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Relationship with Talent Management
• Not much – 99% of moves are internal
• HR focus heavy on talent – no relocation department
• Embedded in my function, mobility integral aspect of talent management
• Closely aligned and within talent management function
• We manage relocation once talent management decides who to move
• Work closely together on pre-decision and policies
• Work closely – consulted when final candidate selected
• Attend HR Talent Management meetings
• Work closely together• Very Good• Strong• We are partners – we provide
service to them • We are Career Management in
HR and are aligned with Talent Development – this is change as we were under Benefits
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Importance of Global Issues
• Global is whole different animal
• 10% of volume, but much more complex
• I follow trends for understanding
• Of interest by no impact• Seeing more global
assignments• Important but do not manage• Very important even though
domestic is double global
• Increasing• No – we are all domestic• Not significant – had 10 then
brought them all back – now just two
• My role is global and majority of our moves are cross-border, minimal domestic except from a policy standpoint
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One Minute Advice to Service Partner
• I value our partnership. Communication is key. Understand our culture. Responsiveness is key.
• Let’s get it right the first time. Follow established guidelines. Help us lessen anxiety of transferee.
• Proactively provide data on ongoing moves and suggest changes to our policy.
• Get out in front of everything, if you’re reacting it’s already too late.
• Communicate in method requested. Don’t let employee know first you’ve changed contact.
• Keep up the good work• Keep up the good work! Stay flexible
and responsive to your client’s needs.
• Our associates are what makes us successful. Make sure they get relocated smoothly and seamlessly and let us worry about the costs.
• Learn the culture of the company you are supporting.
• Listen well and pay attention to detail.• Keep trying to improve technology• Keep me up-to-date on industry
trends. Help me understand how my policies compare to others. Only do above after you have taken good care of my transferees.
• The best partnerships are when everyone is open and honest. Understanding we are all on the same team to get the job done facilitates success.
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Other Areas of Discussion
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