![Page 1: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/1.jpg)
“Connect versus Control “
Evolving Relocation Policies
How changing demographics may lead to future policy changes
“
PRESENTER: Colleen Nelson, CRP, GMS
Bristol Global Mobility
![Page 2: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/2.jpg)
“Connect versus Control “
Traditionalists Born before 1945
Baby Boomers Born 1946-1964
Generation X Born 1965-1980
Millennial Born 1981-2001
Work force Demographics
It’s the first time in history that four generations are sharing the workplace. With four generations come four sets of ideas, behaviors, attitudes, expectations and motivators.
![Page 3: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/3.jpg)
“Connect versus Control “
Who is the Millennial?
What policy elements are important to them?
More policy flexibility
Short Term Assignments
Home leave flexibility
Dual-career support
Housing location options
Real time communication
![Page 4: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/4.jpg)
“Connect versus Control “
Impact on Technology
Internet Users 1995 – 16 million ( 0.4% of the world’s population) 2012 – 2.4 billion (34.3% of the world’s population)
Millennials - 1st generation to grow up globally connected Accustomed to autonomy, transparency, and choice Prefer Self Service By 2025, Gen Y will make up 75% of the Global Workforce
-Forbes-
![Page 5: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/5.jpg)
“Connect versus Control “
Impact on Technology
Mobility App Features Destination content Access to relocation documents Expense voucher submission Service provider contact information Important dates and reminders
![Page 6: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/6.jpg)
“Connect versus Control “
Challenges & Opportunities
Challenges
Benefit packages that reflect the priorities of all generation Emerging markets will create a shift in mobility patterns Attracting & retaining key talent Demonstrating a positive financial return Enhanced technology can create privacy concerns
![Page 7: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/7.jpg)
“Connect versus Control “
Challenges & Opportunities
Opportunities
Increase flexibility - work/life boundaries will become blurred Innovative package options will reduce cost & administration Improve tax and immigration compliance Technology will enhance HR’s ability to track activity Technology is “key” to success
![Page 8: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/8.jpg)
“Connect versus Control “
The Next Generation of Relocation Services
Millennial Talent Types Skill set Project based Developmental Employee Initiated
Millennial Policy Types Short Term & Rotational Assignments (Intern / Co-Op) Lump Sum vs. Managed Lump Sum Core / Flex Transfer
![Page 9: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/9.jpg)
“Connect versus Control “
The Next Generation of Relocation Services
Short Term & Rotational Assignments A building block to enhance experience High potential internal candidates and college hires Often project based Typically anywhere from 6 months to 2 years Provide short-term housing options, en route & return trips home, tiered HHG shipment optionsAccompaniment provisions in some cases
![Page 10: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/10.jpg)
“Connect versus Control “
The Next Generation of Relocation Services
Lump Sum A common New Hire or Domestic policy component Ease of administration Millennial has control and flexibility
Managed Lump Sum Return on investment Eligible benefits include
Destination Services (Home finding & Settling-In) Temporary living Household goods shipment En Route Trip
![Page 11: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/11.jpg)
“Connect versus Control “
The Next Generation of Relocation Services
Core – Flex Transfer Policies A level of visibility, flexibility and control Employee not burdened with budgetary constraints
Core Benefits: Temporary Living & Rental Car Destination Services Household Goods Shipment En Route Trip
Flex Benefits: Miscellaneous Allowance Home Search Trip Language Lessons Intercultural Training Home Country Loss on Auto
![Page 12: “Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility](https://reader030.vdocuments.us/reader030/viewer/2022020106/56649d1f5503460f949f29e0/html5/thumbnails/12.jpg)
“Connect versus Control “
Be Mindful of Millennials
Connected 24/7/365 - make tools accessible Give them variety and structure Work-life balance is important They value peer recommendations Be purposeful & honest