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

markget setgo

time of assignment

assignment preparation

assignment typeson

local package

international teamexpatriates

new position

light expatriation package