Re:locate Extra - Issue 50

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Subject: Re:locate Extra - Issue 50 - March 2010

Re:locate: keeping you in touch

Welcome to Re:locate Extra – the e-newsletter that keeps you informed of the latest developments in the world of relocation.

The Spring issue of Re:locate is now available, with a fresh new design. Topical features include predictions for the future of relocation, developments in serviced accommodation, relocation policy, banking for ‘inpats’, localisation, immigration and education. Our Country Profile focuses on China.

Coming soon: a brand new look for www.relocatemagazine.com

Top Stories This Month

Budget gets a mixed reception

As always, a host of experts have been quick to provide Re:locate readers with their analysis of yesterday’s Budget and its implications for business.

The Chartered Institute of Personnel and Development (CIPD) warns that the Budget’s assessment of the jobs picture is overly optimistic, once ongoing private sector job cuts, an impending public sector jobs cull and the planned rise in employers’ National Insurance Contributions (NICs) are taken into account. It welcomes the extension of support for the young unemployed, but calls for more similar support for the over 50s who have lost jobs, as this group faces a particular struggle to get back into work.

The institute is also calling for greater restraint on the public sector pay bill, going further than the restraint on top earners already announced, swifter action on public sector pensions, with urgent steps to tackle MPs’ own pensions as an essential first step, and action to simplify overly-complex and potentially-damaging changes to pensions tax relief previously announced.

Deloitte described the Budget as ‘bad news for employers’. Matt Ellis, lead partner of its employment taxes group at Deloitte, comments, “Aside from measures already announced – the introduction of the 50% tax rate from 6 April, restriction of higher rate tax relief on pension contributions and 1% increases in National Insurance (NI) from April 2011 – today’s Budget announced a raft of measures to counter planning designed to mitigate some of these changes. As a result, the options available for employers to deliver tax-efficient remuneration to their employees could narrow considerably in the future.

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New study highlights European relocation market

A new report from relocation services company Interdean International Relocation provides a useful benchmarking tool for international assignment professionals, charting the variations in priorities for relocation programmes run from different regions of Europe and considering the differences between large and small relocation programmes.

The European Global Mobility Challenges 2010 Survey Report is, says Interdean, the first research of its kind to provide insight into the European relocation market. Researchers questioned Europe-based HR and mobility professionals on a number of areas relating to their companies’ international mobility, and asked them to prioritise these based on their expectations for 2010, bearing in mind their company’s objectives and factors affecting their business.

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Global survey report calls for radical overhaul of culture, ethics and governance in financial services

The 2008 banking crisis, estimated by the International Monetary Fund to have cost $10trillion, could have been avoided, according to a new survey of global risk professionals. 99.5% of respondents disagree with Gordon Brown, who said the most important cause of the crisis was “global economic circumstances beyond anyone’s control.” The survey reveals that most risk professionals believe the banking crisis was caused not so much by technical failures as by failures in organisational culture and ethics.

The Causes and Implications of the 2008 Banking Crisis survey of risk managers was designed and conducted by Moore, Carter & Associates with Andrew Kakabadse, professor of International Management Development at Cranfield School of Management. The survey examines the causes of the banking crisis, and the extent to which failures of risk management and governance of risk and regulation, contributed to the crisis. It also looked at the nature of those failures and the need for internal and regulatory change.

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Good Work Commission to investigate the changing nature of work

The Work Foundation has announced a wide-ranging investigation into the UK workplace by the Good Work Commission. Its aim is to examine the major challenges of work in the 21st century and redefine the notion of ‘good work’ – that is, work that is rewarding for business, society and individuals.

Using independent research and led by senior figures from business, the public sector and trade unions, the commission’s look at quality of work issues is one of the most comprehensive to be conducted in recent years.

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Small improvement in financial strength is continuing, says Experian

The latest Insolvency Index from global information services company Experian reveals a year-on-year fall in business insolvencies during February.

The total number of insolvencies fell by 15.1% during February compared to the same month last year – from 2,160 in February 2009 to1,834 in February 2010 – bringing the rate of insolvencies down from 0.11 per cent to 0.10 per cent.

In comparison to the insolvency rate recorded in January (0.08%), this was an increase. However, Experian says, January has, in previous years, been a quiet month for insolvencies, and, despite the January to February increase, the overall trend has been downward.

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Best Companies to Work For announced

In the latest Sunday Times 100 Best Companies to Work For list, Nando’s, the restaurant chain famous for its spicy peri-peri chicken, was named Best Big Company. Overall, the best mid-sized company to work for is P3. This is the first year the social inclusion charity, which topped the Best Small Companies to Work for list in 2007, has had enough staff to enter the competition for mid-sized organisations.

The Sunday Times 100 Best Companies to Work For survey is compiled from results given by employees to 70 questions related to workplace culture, covering: their company’s leadership; their personal wellbeing; career development; pay and benefits; their feelings towards colleagues, managers and the company as a whole; and giving something back to the community and environment.

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Re:locate Awards shortlist revealed

The deadline for entering the Re:locate Awards 2009/10 has now passed, and we’ve been thrilled both by the number of entries they’ve attracted and by the quality of those entries. A big thank you to everyone who entered; you’ve helped us to make this third year of the awards the best yet!

Following the judges’ meeting, we can now reveal their shortlist for five of the seven categories. Our warmest congratulations to all.

Calling HR professionals! By popular demand, we have extended the entry deadline for the Best Relocation Strategy/Policy and Inspirational HR Team of the Year categories. Get your entry in by Wednesday 31 March. This is positively your last chance to enter! Shortlist to be announced in early April.

All winners will receive their awards at the glittering Gala Awards Dinner, to be held on Thursday 6 May at the Institute of Directors, with special celebrity guest speaker Libby Purves. Places can be booked and paid for online, via PayPal, by downloading a booking form from www.relocatemagazine.com, or by calling 01892 891334.

For all the latest Re:locate Awards news and to book your places at the Gala Awards Dinner, visit our Awards section, and see the Spring issue of Re:locate.

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There are currently 95 great jobs on our website, relevant to you and your skills. The top 10 ‘HOT JOBS’ are listed below, including new jobs posted online since the last Re:locate Extra. To view all job opportunities, click here.

European Move / Sales Coordinator
Location:     London & M25
Salary:     £30,000 per annum

Senior Account Manager
Location:     Hong Kong
Salary:     £45,000 per annum

Senior Account Manager
Location:     Dubai
Salary:     £45,000 per annum

International Mobility Advisor
Location:     London, London & M25
Salary:     £35,000 per annum

Global Mobility Coordinator - 6 Month Contract
Location:     London - City
Salary:     £38,000 to £40,000 per annum

Senior Expat Payroll Executive
Location:     Canary Wharf, London - City
Salary:     £55,000 per annum

Expatriate Tax Manager – Japanese Team
Location:     London, London & M25
Salary:     Negotiable

Expatriate Tax Senior Associate
Location:     London & M25
Salary:     £35,000 to £48,000 per annum

International Assignment Senior Analyst
Location:     Surrey, South East England
Salary:     £35,000 to £40,000 per annum

Global Mobility Analyst - India
Location:     India
Salary:     Negotiable