DVRC Spring Conference April 10, 2012

DVRC Spring Conference April 10, 2012

“On Your Mark…Get Set…GO!”

• Lunch, DVRC Business Meeting – 11:30-12:45 p.m.

• Keynote: “Where are We Now?”Jeffrey Otteau – 12:45-1:45 p.m.

• Next Generation - Worldwide Mobility & Communication– 1:45-2:45 p.m.

• Break – 2:45-3:15 p.m.

• Credit Solutions to Move Us Forward– 3:15-4:15 pm

• Coming Attraction – Powering Mobility in the Delaware Valley– 4:15-5:15 p.m.

• Cheers & Conversation - 5:15-6:30 p.m.


Conference Agenda

Where are we now?Jeffrey Otteau

Otteau Valuation Group


Next Generation:Worldwide Mobility & Communication


• Changes in assignment types

• Program challenges & concerns

• Global compliance trends

• Cost Control

• Outsourcing assignment services; is it a trend or not?


Jane Malecki, SGMS SVP, Weichert Relocation Resources Inc.


Changes in Assignment Types


Program Challenges & Concerns


Global Compliance Trends


Cost Control


Outsourcing International Assignment Management

• Increase in local package or “light” expatriation package due to employee’s personal request to relocate internationally (+25%)– “Light” expatriation package = Home country pension and international

medical insurance only (no allowances for housing, car or tuition fees) • After time of assignment (3 to 5 years), only 10% of

expatriates are willing to be “localized” when they are on assignment in the United States and less than 5% of our US expatriates are willing to become local employees in their Host country.


Elodie Davignon Manager Relocation & Global Mobility

Saint-Gobain Corporation

• New Generation worries:– Career Management (will they have a position when they will return?)– Spouse employment– Children education– Pension– Medical coverage

• Expatriate Career Management (Repatriation):– 18 months upon return: employees are being contacted to make their

wishes for their career– 12 months: wishes confirmed:– assignment can be extended (5 years maximum, decreasing of the

package until the 8th year – localization at the 9th year)– wish to return to the Home country => Human Resources are then

aware and a new position is search across all our businesses– 6 months before end date: new position identified, return process is

starting


• Multi-cultural work environment:– Trainings for Managers working with International team– Expatriates are eligible for multi-cultural training before or during their

assignment (as well as their family)

• New Intranet site.

• Social network for international mobility managers:JIVE.


• Site Houses:– International Mobility Policy– Mobility Project: “Are you mobility minded?” 45

questions in five sections to determine suitability.– Assignment preparation and management tools.


• Challenges companies face with their global workforce:– Reluctance to move– Measurable ROR (return on relocation)– Failed global assignments – Undervaluing the impact of social media


Jill Heineck, CRPPrincipal, Chief Relocation Officer

Focus Relocation LLC

• Trends in working through some of these challenges: – Reluctance to move

• Performing pre decision evaluations that are progressive: is the employee a true candidate for the job, a relo, and the host country?

• Introducing online communities of colleagues who have been there done that to begin assimilation before getting there.

• Making destination services a requirement (paid by the company – functioning as a Welcome Wagon of sorts)

– Measuring ROR• Successful relocation and family integration• Bottom line productivity

– Failed assignments• Communication Strategy (internal/external)• Leveraging Social Media

– Undervaluing social media• Allowing access during work hours• Creating internal platforms



Credit Solutions to Move Us Forward

• Recommendations for selling condos!

• History of Condo guidelines: – 2003 to present– Prior to 2005 - construction complete– 2005 - CPM introduced– 2007 - Announcement 07-18– 2008 - Announcement 08-34– 2010 - FL Special Approval Designation– 2011 - HO 6 insurance– 2012 - PERS pricing


Gerald L (Jerry) Niemeier, VP Eastern Project Review Office

Bank of America

• Condo Review Process– Limited Review

• Full process– Litigation– Health and Safety– Developer Defects– First guy in– PERS review

• 1028 process shut down in 2007• Reinstated in later part of 2008



Cheryl KenneyNational Strategic Accounts

Kroll Factual Data

Attraction: Powering Mobility in the Delaware

Valley


Thank you!


DVRC Spring Conference April 10, 2012

Documents

Transcript of DVRC Spring Conference April 10, 2012