Cisco Global Relocation Program – Focus on Policies

Slides:



Advertisements
Similar presentations
Principal Life Insurance Company Disability Buy-Out Insurance
Advertisements

Impressionistic Realism European Measures of Income, Poverty and Social Exclusion David S. Johnson U.S. Census Bureau November 4, 2009.
International Relocation: The Policy, Process, and Politics Atlas Global Forum April 2012.
By Javier Martinez, Director of Payroll Management Services October 2008.
Money Talk Workshop: Controlling Moving Costs. Welcome  N ature  E xpectations  A genda  T iming Money Talk 2.
Prentice Hall, Inc. © A Human Resource Management Approach STRATEGIC COMPENSATION Prepared by David Oakes Chapter 12 International Compensation.
Company LOGO INTERNATIONAL COMPENSATION POLICIES Managing an Supporting International Assignments – Chapter 6.
Departmental Petty Cash Funds Boston University Medical Campus Revised 9/09.
“Connect versus Control “ PRESENTER: Colleen Nelson, CRP, GMS Bristol Global Mobility.
Far Away Places Workshop: Preparing for Overseas Moves.
© 2006 Cisco Systems, Inc. All rights reserved.Cisco ConfidentialPresentation_ID 1 Cisco Global Relocation Program – Focus on Policies Shauna Page – Global.
Wells Fargo & Co. Global Relocation February, 2015 © 2015 Wells Fargo Bank, N.A. All rights reserved. Internal use.
Relocation Policy Innovations Cathy Bauman Runzheimer International June 9, 2011.
Superior Customer Service A Commitment to Excellence Personal and Organizational Accountability 1 OMAO Marine Operations Center – Pacific Transfer of Function.
Moving and Relocation.
foreignstaffing.com foreignstaffing.com Understanding the Complexities of Staffing and Navigating Cultural Differences When.
Tax system Tax systems of countries of the world State tax policy: directions, functions and methods 4-5. Personal Income Tax.
International Human Resources Management
Independent Contractor or Employee BYU Idaho Controllers Meeting May 14, 2009.
Process, Policy, and Procedures Questions & Answers RELOCATION at JLab.
INSURANCE Personal Finance. Insurance Protects individuals against unexpected financial loss.  Many types of insurance, each with a specific purpose.
Human Resource Management Lecture 19 MGT 350. Last Lecture Costs of Providing Employee Benefits Legally Required Benefits Social Security Unemployment.
RELOCATION BENEFITS WHEN YOU ARE REASSIGNED Presented by MIKE GALLAGHER EASTERN REGIONAL COORDINATOR.
23 - 1Copyright 2008, The National Underwriter Company Taxation of Individual Disability Income Insurance  What is it?  Policy that provides benefits.
RELO DIRECT ® Global Corporate Relocation What Companies Look for in Agents.
Corporate Roundtable Discussion April 4, Ten Areas of Discussion Transfer Volume Policy Changes Made Recently Policy Changes Contemplated What Works.
1 PERMANENT CHANGE OF STATION WITHIN THE CONTINENTAL UNITED STATES (CONUS) Presented By Shenita Gooding, HQDA, Assistant, G-1, PPDD September 19, 2006.
© Prentice-Hall, Inc., 2001 Chapter Twelve International Compensation.
EXPAND YOUR HORIZONS Make the Right Connections Homeowner to Renter Challenges.
Moving Expense Reimbursement Chapter 58 Employee Benefit & Retirement Planning Copyright 2009, The National Underwriter Company1 What is it? Companies.
MERCER 2012 WORLDWIDE INTERNATIONAL ASSIGNMENT POLICIES & PRACTICES SURVEY KEY RESULTS: CANADIAN MULTINATIONALS FEBRUARY Roger Herod Mercer Chicago.
Momentum Productivity Study – The Results Brian Potts, CRP, GMS-T - Senior Vice President, Pacific Region, Altair Global Mary Beth Nitz, SCRP, SGMS, GPHR.
THE WONDER OF WORLDWIDE ERC ® PRESENTED BY: MARTHA BENNETT, DIRECTOR OF TRAINING, ARIZONA RELOCATION ALLIANCE.
Payroll Services Update May 25, 2016 David Lerma, Director of Payroll Services.
CWM Moving & Relocation Policies, Forms & Processes Policy Effective January 1, 2016.
© 2007 Robert Sweo International Human Resources.
The Value of UCT Insurance July UCT Commissioned Products* US – Dental Vision and Hearing – Short Term Care – Critical Illness – Medicare Supplement.
“Don’t Strike Out” Tax, Compensation and Immigration 101
Travel Charge Card Training
Understanding the Importance of Disability Income
Travel and Transportation Allowances
Payments to University of Illinois Students
2015 Benefits Enrollment.
Principal Deferred Income AnnuitySM
Federal, State & Local Governments
Short-term Assignments:
Categories of Employee Benefits
History July 1, 1968 – Establishment of Trust Territory Social Security Administration July 1, 1974 – Establishment of disability program February 8,
(35) Travel and Transportation Allowances & (42) Financial Management
Policy Update RAFT November 10, 2016
Working in Chile Victor Krabbendam Project Manager LSST 2017 Project & Community Workshop August 16, 2017.
Calculations All Sections.
The Insurance Jeopardy!® Game
Calculations All Sections.
Workers’ Compensation The Comingling of Benefits
INTERNATIONAL HUMAN RESOURCE MANAGEMENT
Individual Deductions
Flexible Spending Arrangement (FSA)
Lesson 2-Continued.
What are Final Expenses?
Pre-Separation Counseling Element 35 Travel and Transportation Allowances March 1, 2018.
PERMISSIVE TEMPORARY AND EXCESS LEAVE pRESENTATION
Individual Assistance (IA) Individual Household Program (IHP)
Overseas Assignment Orientation
Hiring or Performing Work Outside the U.S.
Permissive Temporary Duty (PTDY) and Excessive Leave
International Relocations
What is it? Companies reimburse employees’ moving expenses for job-related relocation. Reimbursements are taxable income to employee Employee can deduct.
PERMISSIVE TEMPORARY (PTDY) AND EXCESS LEAVE
Family and Medical Leave Act (FMLA) Unpaid, job-protected leave provided by a federal law (the Family and Medical Leave Act of 1993) that provides certain.
Presentation transcript:

Cisco Global Relocation Program – Focus on Policies Shauna Page – Global Relocation Engagement Manager - Emerging and European Markets

Agenda Policy types International Assignment – components and rationale International Transfer Policies Q&A

Relocation Types IA (International Assignment) On Company’s Request Follow Home Benefit Plan International Medical Insurance Temporary in Nature Short Term (STIA) – 4 to 18 months Long Term (LTIA) – 2 to 5 years IT (International Transfer) Long Term Career Plan in the New Location Follow Benefit, Payroll in the New Location IT Lump Sum IT Managed Move IT Local Plus IT Returnee IT Personal

International Assignment A long term international assignment is normally leveraged to fill a role with leadership talent to meet a long term business need that requires continuity of 2 to 5 years in the role to meet the objectives. Business Drivers Start-up of a function or the start up of a new location/new legal entity A critical long term business initiative Business turnaround Relationship building with government Talent Considerations Establish or build a presence in a new location Start or build a function in a new or existing location Identify and develop local talent to be a successor Gain needed experience and development to be positioned as a global leader

**Average Cost for a Tier (1) 2-year LTIA – USD 1,500,000 International Assignment Benefit Aligned with home payroll and retirement plan. Global medical coverage. Relocation Assistance Visa Assistance Destination Service Househunting Trip Settling Assistance Household Goods Shipment Storage at Home location Temporary Housing (60 days) Tax Assistance Repatriation Assistance Assignment Related Allowances Host Housing Allowance Education Allowance Transportation Allowance Annual Home Leave Allowance Utility Allowance G&S Differential Miscellaneous Relocation Allowance (Equivalent to purchasing Power of USD 15,000) **Average Cost for a Tier (1) 2-year LTIA – USD 1,500,000

*** Estimated cost for IT Personal Move – USD 6,000 to USD10,000 Features This is an employee-initiated move for personal reasons. Employee is responsible for all expenses related to the transfer. Benefits Visa Services Tax Services *** Estimated cost for IT Personal Move – USD 6,000 to USD10,000

***Average cost – USD 12,000 to USD 25,000 + lump sum IT Lump Sum Move Benefits Tax Services Visa Services Enroute Travel Optional (If approved) Destination Service (house hunting trip) Temporary Living up to 30 days Features Employee manages all other assignment related costs not included in the benefit Lump sum relocation allowance provided to offset costs incurred while moving Allowance amount is a factor of family size and base salary of new position. Family Size Allowance 3 or less 3 X new monthly base salary 4 or more 3.5 X new monthly base salary ***Average cost – USD 12,000 to USD 25,000 + lump sum

IT Managed Move Features Benefits More expensive option than IT Personal Move or IT Lump Sum A company managed move Extended benefits & reduced relocation allowance Benefits Destination Services including look-see trip House lease cancellation reimbursement (Home Location) Loss from sale of automobile in Home Location Shipment – Air & Surface Temporary living up to 60 days Enroute Travel Tax Services Visa Services Relocation Allowance of USD 7,500 ***Average Cost – USD 100,000

***Average Cost – USD 350,000 to USD 450,000 IT Returnee Benefits Allowance base: 50% of IA Housing, Utilities & Education    Housing and Vehicle assistance in current location Shipment – Air & Surface Pet shipment allowance (subject to approval and local regulation) Destination Services Temporary Living up to 60 days Relocation Allowance of USD15,000 (1 payment) Enroute Travel Tax Services Visa Services Features Used for returning citizens Have been away from origin country for at least 3 years Long term career plan in host location Transition support Declining allowances for 2 years (100%-50% of allowance base) ***Average Cost – USD 350,000 to USD 450,000

Localisation Policy Only applicable to employees currently on assignment Phased approach to provide financial support from assignee to local status. Employee transfers onto local payroll and benefits. 2 year localisation – 100% of assignment allowances in Year one/50% in year two. 3 Year localisation – 100% of assignment allowances in Year one/66% in Year two and 33% in year three ***Average Cost – USD 750,000/1,200,000

IT Local Plus Features Benefits Used for Employees who are Non-citizens hired or transferred, on permanent basis Provide transition support On going Allowance for 3 Years Benefits Allowance Base – 50% of IA Housing, Utilities & Education, Home Leave Housing and Vehicle assistance in current location Shipment – Air & Surface Pet shipment allowance (subject to approval and local regulation) Destination Services Temporary Living up to 60 days Relocation Allowance – 2 payments of USD 15,000 on starting and 3rd anniversary day Enroute Travel Tax Services Visa Services ***Average Cost – USD 750,000

Relocation Policy Exception Process Core benefits should not be removed or decreased (i.e. shipment of HHG’s, temp housing, lump sum allowance) Cash in lieu of benefits is not authorized Exception request: direct to Relocation Leader for approval/denial