september 12, 2017 11:00 am est - worldwide erc · september 12, 2017 11:00 am est. ... maximize...
TRANSCRIPT
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Worldwide ERC® would like to thank today’s sponsor:
© 2017 Worldwide ERC®
September 12, 201711:00 AM EST
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Minimize Mobility Disruptors to Maximize Employee Engagement
©2017 Worldwide ERC® 2
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WORLDWIDE ERC® WEBINAR DISCLAIMER
The views, opinions, and information expressed during this webinar are those of the presenter and are not the views or opinions of Worldwide ERC®. Worldwide ERC® makes no representation or warranty with respect to the webinar or any information or materials presented therein. Users of webinar materials should not rely upon or construe the information or resource materials contained in this webinar as legal or other professional advice and should not act or fail to act based on the information in these materials without seeking the services of a competent legal or other professional.
©2017 Worldwide ERC® 3
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Webinar Instructions
Technical difficulties? • Dial 866.779.3239, or e-mail questions to [email protected]
Sound Troubles?• If your sound quality is poor, check your Wi-Fi strength or connect via cable. • Call in using the phone number listed under the “Event Info” tab in the upper left-hand corner.
To return to meeting room window:• If you are in full screen mode, you may return to the meeting room window by clicking the View Meeting
Room button located at the bottom left corner of your screen.
©2017 Worldwide ERC® 4
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Q&A Instructions
• Submit questions through Q&A dialogue box
• Box is located in lower right corner of screen
• Do not use the Chat Box• Be specific• You may submit your question
at any time
©2017 Worldwide ERC®
Q&A Dialogue Box:
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Polling Instructions• The Polling Box appears
below Q&A Box• Question will appear on slide
and in the Poll Box• Submit answer quickly • Results will display in the
same location
©2017 Worldwide ERC®
Polling Box:
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CRP® and GMS® Certification
If you are a CRP® seeking CE credit for this webinar, you must utilize the CRP® Recertification Credit Form, available online at:http://www.worldwideerc.org/Education/CRP/Pages/crp-recertification-form.aspx
(please note that all (S)CRPs must use this form and pay the $8 admin fee to receive CE credit)
If you are a GMS® seeking CE credit for this webinar, you must include the name/date of this webinar on your GMS® Renewal Application (at the time you apply for recertification). The Renewal Application is available online at:http://www.worldwideerc.org/Education/GMS/Pages/GMS-Renewal-Application-Form-Video.aspx
©2017 Worldwide ERC® 7
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Today’s Presenter
©2017 Worldwide ERC®
Lauren Herring CEO, IMPACT GroupAuthor, This Side Up!
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©2017 Worldwide ERC®
LeadLeadership Development
GrowOutplacement Assistance
MoveRelocation Support
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Agenda• Disruptor #1: Top Talent Says "NO!" to a Relocation• Disruptor #2: Budget Beatdown!• Disruptor #3: “Sink or Swim” Mentality to Onboarding• Disruptor #4: Productivity & Engagement Plummets
during Relocation• Q&A
©2017 Worldwide ERC® 10
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©2017 Worldwide ERC®
Disruptor #1: Top Talent Says “NO!”
to a Relocation
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Securing Talent is Hard Right Now
©2017 Worldwide ERC® Source: Atlas Van Line Relocation Survey, SHRM, 2017
40%
46%
2/3 of companies had employees decline relocations in 2016
of hiring managers report difficulties hiring
struggle finding available talent
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Assignment Readiness Gap
©2017 Worldwide ERC® Sources: Brookfield, Atlas Van Lines, 2017
73% of companies lack pool of ready, willing, and able candidates for international assignments
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Reasons for Refusal is Clear
©2017 Worldwide ERC® Sources Atlas Van Lines, 2017
47%Family Issues/Ties
31%Lack of Spouse/Partner
Assistance
29%Personal Reasons
“Can I work in the U.S.? Am I going to get the support I need to work there?” - Jose
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Best Practices to Secure a “Yes!”
©2017 Worldwide ERC® 15
1
Offer pre-decision
coaching
2
Prioritize support on assignment
3
Tie talent development
to mobility
4
Consider employee
career goals
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©2017 Worldwide ERC®
Disruptor #2: Budget Beatdown!
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The Pressure is On
©2017 Worldwide ERC® Source: Brookfield Global Relocation Services
70%of companies cut relocation costsin 2016
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Flexibility to Choose – But What to Choose?
©2017 Worldwide ERC® Source: Weichert Workforce Mobility
64%Offer lump sum
56%Will increase core/flex
programs
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Best Practices to Maximize Budgets
©2017 Worldwide ERC®
Company NeedsMinimize Cost,
Completed Assignment
Personal NeedsFully Supported in
New LocationBalancing Act
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Money Back in the Family’s Pocket
©2017 Worldwide ERC®
2.67xFaster Than Average Job Seeker
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$15,000* Saved $52,000/year x 52 weeks =
$1,000/week
“In order for us to be able to afford to live in the new city, I had to return to the
workforce.” - Jillian
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©2017 Worldwide ERC®
Disruptor #3: ‘Sink or Swim’ Mentality
to Onboarding
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Ineffective Onboarding Strategies
©2017 Worldwide ERC® Sources: Gartner, Harvard Business Review, Michael Watkins
Report it takes 6 monthsto have full impact
60%
New executives failin first 18 months
40%Executive transitions
are internal moves
2/3
Leaders rate internaltransitions as difficult
70%
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Onboarding Done Right
Up to 40%increased performance
accelerated by proper onboarding
©2017 Worldwide ERC® Sources: Harvard Business Review, PWC
7X ROIinitial investment
in executive coaching
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Best Practices for Successful Onboarding
©2017 Worldwide ERC® 24
Ongoing cultural support
Consider goal of assignment
Match transferees with
coach
+ +
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©2017 Worldwide ERC®
Disruptor #4:Productivity & Engagement Plummets
during Relocation
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Time to Reach Max Productivity
©2017 Worldwide ERC® Source: Altair
48%Report 2-3 months
33%Report 4-6 months
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What’s at Stake
©2017 Worldwide ERC® 27
1 hour/day x 3 months =
60 hours of lost work/transferee
Potential loss of
$288,000100
Transferees =
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Lost Productivity Factors
©2017 Worldwide ERC® Source: Altair
Family Issues
Acclimating to New Job
Settling-in at Destination
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Not Moving a Job, Moving a Family
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When Employees Know Their Family is Supported
©2017 Worldwide ERC®
Chris & Leanne Feared: • Leaving family and neighborhood• How Leanne would make connections• All the unanswered questions
Needed:• Neighborhood research• Career options for Leanne• Doctors, local attractions
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Best Practices for Peak Engagement
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Create action planto address needs at home and office
Transfer secure base
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Best Case Scenarios for Transferees
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Understand why employees relocate
Balance company & family needs
Develop robust onboarding strategy
Address critical needs at home
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See You in Chicago!Connect with us at Worldwide ERC's Global Workforce Symposium in Chicago!
Visit Booth #520
©2017 Worldwide ERC® 33
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Que
stio
ns &
Ans
wer
s
©2017 Worldwide ERC® 34
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Thank you for attending!
Visit the Worldwide ERC® web site at www.worldwideERC.org, or contact
Worldwide ERC® for more information on these topics. 703.842.3400
©2017 Worldwide ERC® 35