The newest addition to our award-winning On the Ground video series focuses on an area I’ve become quite familiar with: Panama. Travelling to Panama has become a regular part of my responsibilities. Having travelled there in excess of a dozen times, I am now welcomed by my client contacts there as a Panamanian! I only wish I had the Spanish skills to match.
The first thing I notice each time I arrive is the change in the skyline. The speed in which high-rise buildings are constructed is amazing. In fact, while the rapid growth is exciting, it sometimes results in ‘growing pains’ that relocating employees need to take in stride: swiftness in construction sometimes results in issues like amenities not working, or electrical service being connected to the apartment next door!
International assignments have high rewards, and high costs, both of which should be considered when determining the assignment’s return on investment (ROI). While organizations adopt a myriad of tactics to help identify and track the ROI, one approach proven to drive assignment success is offering customized cross-cultural and language training to both the assignee and their accompanying family members.
Our latest Mobility Insights video features Brad Shepard, Cartus St. Louis, U.S., discussing the points of consideration behind the investment in cross-cultural and language training, a well as managing its ROI. He also addresses:
• Common misconceptions behind this investment
• Opportunities for maximizing the spend
So, what are the biggest relocation challenges facing multinational corporations and their transferring employees? Cartus’ third annual 2013 Trends in Global Relocation: Biggest Challenges survey has the answers!
Similar to the 2012 report, this year’s survey focused on geographic challenges in 11 regions around the world. We received responses from 157 globally based international mobility managers. They were asked to evaluate regional challenges and to rank, by degree of severity, issues specific to each region. The survey found that many of the issues impact not only the company’s relocation managers, but also the daily lives and job success of their transferees.
Some of the UK’s very best estate agents travelled to London last week to attend the Relocation Agent Network Conference and Awards Dinner. This year’s event was even more significant as Relocation Agent Network celebrated its 20th national conference. The day welcomed more than 450 professionals—a fantastic representation of our Network membership.
Featuring an exclusive lineup of keynote speakers, the conference programme was packed with great industry tips, innovations, and best practices. It included the woman responsible for the 15,000 ‘Games Makers’ at the London Olympics, Linda Moir; author and television presenter, Nigel Risner; and Andy Lopata, one of Europe’s leading business networking strategists.
And the Winner is…
The Conference ended with a glittering black-tie awards dinner to celebrate members’ achievements over the last 12 months. The night was hosted by UK comedian and television presenter Dara O Briain, who announced the 2013 award winners including our most coveted prize, Relocation Agent Network Agent of the Year. Awarded to the agent who has most excelled in leading the field of estate agency and network standards, Thomas Morris from Cambridgeshire (shown below) was crowned the 2013 Agent of the Year for the third year running!
As 2013 draws to a close, I find myself reflecting on the relocation industry’s ups and downs over the past few years, and the challenges we’ve all encountered. I am also looking forward to what the future brings to the industry, with the hope of being able to better overcome challenges armed with knowledge, experience, and insight.
To help us deepen our critical insight into current and future issues and how best to address them, Cartus has just concluded its third annual “Biggest Challenges Survey”—a major piece in our ongoing research program that represents the input of 157 international mobility managers around the world.