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What is a Relocation Firm Responsible For? by Optimize 4 You SEO





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What is a Relocation Firm Responsible For? by
Article Posted: 10/13/2010
Article Views: 42
Articles Written: 212
Word Count: 244
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What is a Relocation Firm Responsible For?


 
Business
International transfer management may be described as the process of managing the movement of selected employees across various countries with the objective of talent development and support of business performance needs. The need for international transfers is common across organizations as they globalize. The transfer of staff across geographic locations may be employee initiated or a result of business needs. An example of an employee initiated situation would be when an open position in a foreign country is posted internally and an applicant from a foreign country applies for it and is found to be suitable and needs to be relocated. In the case of a business need, key drivers for transfers include knowledge or competency transfer, organizational renewal, leadership development, financial control and corporate governance or temporary staffing needs.

The responsibility for international transfers and relocation management may be structured as a stand alone function reporting into global human resources or as a section under compensation & benefits which reports into global human resources. Its structuring as part of compensation and benefits is related to the need for international transfer management policies to be integrated with general compensation and benefits practices of the overall organization such as performance based pay, frequency and timing of salary reviews, short-term and long-term incentives and recognition programs. This integration is critical to ensure that there is consistency, transparency, competitively positioned, cost efficient and enables smooth repatriation or movement to the next location.

Related Articles - Global Relocation Company, International Relocation Services,

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