Share Your Thoughts!
With so many dramatic changes in society and the way we work, this is an incredibly dynamic time in talent mobility. Now more than ever, we need to discuss real word challenges and practical solutions. At TRC, we are an organization of inquisitive people focused on continually improving ourselves, our organization and the global mobility industry, and we would be excited to hear what you have to say!
As a global mobility professional, we hope you can take a second to share your thoughts on the questions we find ourselves talking about most often. We will share the results of these surveys each month.
Results: Are you currently working in your office, working from your home, or working from a remote location other than your home?
In our final pulse survey for 2020, we asked, “Are you currently working in your office, working from your home, or working from a remote location other than your home?”
Almost two-thirds of our respondents (62%) indicated they are working from their home. Nearly one-third (29%) are working from their office. A smaller number (9%) are working from a remote location other than their home.
Results: Have you implemented any of these relocation program cost-saving initiatives this year?
In this survey, we asked “Have you implemented any of these relocation program cost-saving initiatives this year? Respondents could choose one or more responses.
Almost one-third of our respondents (31%) have not implemented any specific cost-saving initiatives in 2020. For those who have implemented cost-saving initiatives, the most popular were reducing the number of global relocations (25%); reducing the number of U.S. domestic relocations (19%), ending assignments early (13%); and switching to a lump-sum program (13%).
Results: How is your company currently managing business travel for employees?
In this survey, we asked “How is your company currently managing business travel for employees?” More than half of our respondents (55%) said that business travel was permitted only on an exception basis. Another 27% said that their company currently doesn’t permit business travel at all. Of the remaining respondents, 5% said that business travel is permitted within the US only and another 13% said that business travel is permitted without restriction.
Results: Do you believe the ongoing coronavirus pandemic will affect employee relocation / assignment acceptance rates?
In this TRC Pulse Survey, we asked, “The U.S. and other countries are beginning to reopen and employees are slowly starting to return to offices. Given this, do you believe the ongoing coronavirus pandemic will affect employee relocation/assignment acceptance rates?” More than 70% of respondents said “yes”. Almost 11% said “no”, and about 19% were not sure.
This is obviously a fluid situation, and the pandemic is not following a linear pattern, so it will be interesting to see how willing employees will be to consider a global assignment.
Results: Will more employees be working remotely on a permanent basis after the Coronavirus pandemic subsides?
In this TRC Pulse Survey, we asked, “Will more employees be working remotely on a permanent basis after the Coronavirus pandemic subsides?” An overwhelming 83% of respondents said “yes”. Should this play out as our respondents believe, it would be a significant consideration for companies reviewing their talent mobility program.
Results: How is your relocation program being affected by the Coronavirus threat?
In TRC’s most recent Pulse Survey, we asked, “How is your relocation program being affected by the Coronoavirus threat?” Respondents could choose more than one response. A majority of respondents indicated they had canceled business travel, removed assignees from affected regions and were allowing employees to work remotely. Many also have postponed relocations. A smaller number indicated they were using virtual meetings, though this might increase as stay-at-home orders are extended.
(Note: This survey was opened in early March 2020, before some companies had implemented measures in response to the Coronavirus. Respondents could choose more than one response, so results do not equal 100 percent.)
Results: How do companies expect their relocation activity to perform this year?
TRC’s first Question of the Month of 2020 asked respondents whether they expected their 2020 relocation activity to increase, decrease or remain flat. Our respondents confirm that relocation is becoming an increasingly popular way for companies to combat talent shortages. Half of the respondents said they expected relocation activity to increase somewhat to significantly. About 14% expected activity to remain flat and about 12% expected activity to decrease somewhat to significantly.
Results: How many domestic policy tiers does your company currently use?
TRC’s 2019 year-end Question of the Month asked respondents how many domestic policy tiers their company currently uses. While the most popular response was one, three was also a common response. A significant number indicated their company still uses five or more tiers.
To learn more about today’s relocation policy trends, get TRC’s complimentary 2020 U.S. Domestic Relocation Policy Best Practices ebook here.
Results: Is your organization currently using, or considering adopting, a core-flex relocation program?
TRC’s October Question of the Month asked respondents if they were currently using or considering adopting a core-flex relocation program. Nearly half of respondents said they were either already using a core-flex program or they were considering it. Core-flex programs have pros and cons, but they can introduce an element of choice that employees like while still allowing companies to control relocation costs. Get TRC’s complimentary Core-Flex Relocation Programs ebook here.