Response to COVID-19
The COVID-19 pandemic has disrupted workplaces all over the world, impacting how we work and where we work. This event will have a deep and lasting impact on workplace technology, talent management, and global relocation.
While the crisis continues, NuCompass is engaging with HR professionals, industry organizations, and supplier partners to understand the new challenges and provide resources that help support talent mobility needs as businesses return to work.
RESEARCH SURVEY RESULTS: Impact of COVID-19 on Workforce Mobility
NuCompass recently conducted a Flash Survey to identify the business and economic impacts of COVID-19 and highlight the implications for global mobility. The Survey Results show that the business community across the globe is experiencing extraordinary, unprecedented impacts resulting from the global COVID-19 pandemic. It is also having a significant effect on global mobility events and activities.
NUCOMPASS AND INDUSTRY INSIGHTS
How COVID is Changing Talent Mobility
In a recent article, published in HR C-Suite, the NuCompass Chairman, Frank Patitucci, outlines the questions corporations should be asking now about relocation policies. Under pandemic conditions, it's important to adapt your relocation programs to ensure employee safety and support, while providing cost-efficient results for your company. Read the full article in HR C-Suite here.
Key Considerations for Relocation Today
NuCompass CEO, Dave Marron, writes about key strategies for getting talent mobility back on track as companies begin to re-open and get employees safely back into the office. But, what about the people you need to relocate?Considerations include re-examining your relocation supply chain; new processes to protect employees; understanding how global changes impact relocation; and re-evaluating lump sum policies. Read the full article in HR Daily Advisor here.
On June 22, 2020, in response to the pandemic's economic impact, President Trump issued a proclamation that suspended the entry of new H-1B and H-2B, L-1A and L-1B, and J-1 nonimmigrants and their spouses and children, with limited exceptions. On June 29, the White House amended the proclamation. At this time, because travel into the United States is restricted, the proclamation will have limited immediate impact on global relocation activity to the U.S. Read the blog here.
5 Musts for Restarting Talent Mobility
Deploying talent in the current pandemic, and as businesses return to work, requires a symphony of actions. In a recent article published by TLNT, Cara Skourtis, NuCompass Vice President, Knowledge & Experience states that, "As an employer, there are five 'musts' to ensure your talent mobility efforts assure employee safety, logistical effectiveness, supportive assistance, and cost-efficient results." The need to put the right talent in the right place didn’t go away because of the pandemic and there are 5 steps that should be considered. Read "5 Musts for Restarting Talent Mobility" article at TLNT here.
COVID-19 Relief Bill and Relocation Alert
A key component of the coronavirus relief package provides U.S. individual taxpayers with a relief payment. Payment eligibility could be impacted by taxable income related to relocation activities. Full payments are limited to individuals with adjusted gross income of less than $75,000 and married couples with adjusted gross income less than $150,000.
COVID-19 Operational & Supplier Updates
Our team is continually compiling data related to all services in each country to ensure that our Consultants have the most current information available to provide the necessary support and assistance to families that you have entrusted to our care.
COVID-19 Operational Updates
Here’s a quick look at some of the ways we’re doing our part to provide the best possible service for you and your transferring employees and their families:
Coronavirus, EU Travel Ban, and Global Mobility
With continued concerns related to the COVID-19 virus and the new travel ban put in place by President Trump on March 11, 2020, the following areas may have an impact on your employee mobility programs:
Coronavirus Update: Potential Impact on Global Mobility
In the ongoing efforts to limit the spread of the coronavirus, many countries have issued restrictions and quarantines, especially as new cases continue to be confirmed outside of China.
Coronavirus Impact on Global Mobility
International assignees may be affected by travel bans, evacuation, or delays in household goods shipments. While there are ongoing uncertainties with the epidemic situation, the current issues include travel restrictions caused by temporary closure of departure channels within China and other jurisdictions.
National Disaster Declaration & Impact on Mobility
The recent national disaster declaration by President Trump triggered provisions of IRS code 139, which allows employers to make disaster relief payments tax-free, which may impact certain non-taxable relocation expenses.
Enhanced Services as Moving Restrictions Ease
As the country begins to ease restrictions pertaining to COVID-19, we know that things will look different. In some cases, very different.
Worldwide ERC® Advocates on Paycheck Protection Program
While containment efforts are necessary, the governmental restrictions related to the coronavirus have impacted the ability of corporations to relocate employees, which has had a significant effect on relocation.
The COVID-19 pandemic is affecting us all in different ways, and sometimes you just need to press pause. Check out these great programs being offered to help you take a break.