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DVRC Spring Conference April 10, 2012. “On Your Mark…Get Set…GO!”. Conference Agenda. 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.
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DVRC Spring Conference April 10, 2012 “On Your Mark…Get Set…GO!”
Conference Agenda • 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. “On Your Mark…Get Set…GO!”
Where are we now?Jeffrey OtteauOtteau Valuation Group “On Your Mark…Get Set…GO!”
Next Generation:Worldwide Mobility & Communication “On Your Mark…Get Set…GO!”
Jane Malecki, SGMS SVP, Weichert Relocation Resources Inc. • Changes in assignment types • Program challenges & concerns • Global compliance trends • Cost Control • Outsourcing assignment services; is it a trend or not? “On Your Mark…Get Set…GO!”
Changes in Assignment Types “On Your Mark…Get Set…GO!”
Program Challenges & Concerns “On Your Mark…Get Set…GO!”
Global Compliance Trends “On Your Mark…Get Set…GO!”
Cost Control “On Your Mark…Get Set…GO!”
Outsourcing International Assignment Management “On Your Mark…Get Set…GO!”
Elodie Davignon Manager Relocation & Global Mobility Saint-Gobain Corporation • 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. “On Your Mark…Get Set…GO!”
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 “On Your Mark…Get Set…GO!”
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. “On Your Mark…Get Set…GO!”
Site Houses: • International Mobility Policy • Mobility Project: “Are you mobility minded?” 45 questions in five sections to determine suitability. • Assignment preparation and management tools. “On Your Mark…Get Set…GO!”
Jill Heineck, CRPPrincipal, Chief Relocation Officer Focus Relocation LLC • Challenges companies face with their global workforce: • Reluctance to move • Measurable ROR (return on relocation) • Failed global assignments • Undervaluing the impact of social media “On Your Mark…Get Set…GO!”
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 “On Your Mark…Get Set…GO!”
Credit Solutions to Move Us Forward “On Your Mark…Get Set…GO!”
Gerald L (Jerry) Niemeier, VP Eastern Project Review Office Bank of America • 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 “On Your Mark…Get Set…GO!”
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 “On Your Mark…Get Set…GO!”
Cheryl Kenney National Strategic Accounts Kroll Factual Data “On Your Mark…Get Set…GO!”
Attraction: Powering Mobility in the Delaware Valley “On Your Mark…Get Set…GO!”
Thank you! “On Your Mark…Get Set…GO!”