Tag Archives: partnerships

Would you be invited to “The Masters” in your profession?

In the words of Jim Nance, “The Masters is a tradition like no other”. This is a major golf championship tournament played each year on a legendary golf course where only the best of the best in golf are invited to play for this prestigious championship. It’s always fun watching the leaderboard on the final day as players move up and down chasing the title. These players are the best in the world which is why they are called “The Masters”.

These professionals didn’t become masters overnight. Many have been working on their craft since childhood putting in the work to one day be reassured for the championship. It’s a dream for the winner to be able to put on “the green jacket” to mark being a “masters” champion leaving their legacy in the history books.

As I watch these players on the final day, I observed many common threads these “masters” have in common that we can all learn from so we can work each day to be masters business leaders in our organizations.

So what are they?

Here are six traits to help you start a conversation about goals to work toward “the masters” in your profession!

  1. Focus. Before the day, each player plans a strategy on how they want to play the golf course and stay focused on execution of every shot! What strategies are you focused on each day to help you achieve year end results?
  2. Resilient. When a player has a bad hole, they understand how to regroup and continue their focus on making good shots through the round. Sometimes we have a bad day in HR with an unexpected outcome or a salesperson might lose a sell that he/she was counting on. We need to be resilient and keep working toward our desired outcomes.
  3. Commitment. It takes years of practice to become a master. Players hit shot after shot from sunrise to sunset. What do you practice each day as a daily discipline? Are you networking, working on an important presentation, or preparing for that next big meeting? There are some days when you may not feel like putting in the work… Do it anyway!
  4. Desire. To be “master” takes a burning desire to be the best! If you want to elevate your leadership, you need to have a strong anchor or “WHY” to drive each day with purpose. When Patrick Reed, 2018 Masters Champion was interviewed, he shared that he had a goals of winning in 2018 including a major. What are your goals? Write them down and review to make sure you have an anchor!
  5. Collaborative. Each player has a caddie to talk with during the round to discuss strategy and alignment with execution. Who are you talking with each day in your office. Do you have a mentor, business partner or group of leaders to meet with during the week? If you manage HR, are you collaborating with each of your stakeholders and business partners to achieve best results when on boarding, relocating, or developing talent?
  6. Continuous Improvement. One of the questions for the runner up was, “what can you learn from this tournament?” I love this question and listen closely to the response because this is where the power lies. Masters players always have something they want to work on to improve. They are always working on their grip, their swing, their putting and more everyday. They never accept “having arrived”. What is a skill or discipline that you can work on this week or this month to move you closer to mastery? The habit of continues improvement will move you closer to becoming “master” in your profession!

Oh… and they work really hard everyday!

Do you have any other traits that you add to this list? Please share in the comments.

Quote of the week: “We can issue you everything, but desire!” -Walter Causey

Call to Action: Do you have a mentor or someone to collaborate with? What are your goals? Ask them to help you identify a skill that will help you get closer to your goals. You might be closer to “The Masters” than you think! Find your lane and Drive with purpose!

This has been A Relocation Minute on “The Masters” with Bruce Waller, for more information, call 972-389-5673, or email bwaller@goarmstrong.com or check out my social media Facebook and Twitter page.

Also, check out http://www.BruceWaller.com for review my latest leadership book “Find Your Lane” on sale at Amazon, or Barnes and Noble. Available on Kindle edition too!

Drive the candidate experience with purpose when relocating talent this summer

In Chapter 6 of my book “Find Your Lane”, I share the importance of driving with purpose.

“When you drive or lead with purpose, you are committed. Commitment is the key to getting through the tough days and making it to your destination. You can’t be half in or even 90%, you have to own it!  Whether it’s finishing college, advancing in your career, or improving your marriage, you will need to be committed all the way for the most effective results.”

This is also the case when you are trying to relocate talent for your company.  For example, Tax reform has created a lot of questions and is driving conversation around changing mobility programs to a “lump sum” benefit which often places the burden on employee (and spouse in most situations) to manage the relocation on their own. This will decrease the experience in most cases since the majority of families need support during this difficult transition. They need a concierge and a coach to help elevate the onboarding and relocation experience.

Did you know over 40 million families move each year in the US and the majority of these moves happen in the summer from the time school gets out in May until school resumes in September?

This brings many challenges that requires comprehensive and many times complex coordination by relocation and transportation companies to meet customer expectations and make each move a great experience for each family. This time of year is more important than ever to have a partner you work with that you know and trust.

As we get ready for the upcoming summer peak moving season, let me share 10 things to consider as you drive your program with purpose to make it a great moving experience for your employees moving:

  1. Schedule the moving survey as early as possible. A successful move starts with a successful move plan.
  2. Reserve moving dates 2-3 weeks prior to your loading dates. Don’t wait. Many areas of the country close dates early especially during the summer.
  3. Stay away from “bidding” moves during peak moving season. Capacity pricing actually drives pricing up and employees and relocation companies aren’t committed until the customers says yes which can be too late to get their preferred dates.
  4. Some “difficult to service” areas may require a “virtual survey”.
  5. Need one day delivery? Ask about small shipment container options. Some include free storage up to 3 weeks.
  6. Transit spreads will be longer due to driver “hours of service” regulations and ELD mandates.
  7. Make sure you have full replacement valuation coverage.
  8. Want your boxes picked up after unpacking, ask about getting a debris pickups.
  9. Ask about other relocation services when moving such as home marketing assistance and home searches in new location.
  10. Draft or update your policy… Discuss with your partner for expertise and support!

Quote of the week: “Not everything that counts can be counted, and not everything that can be counted counts.” (Albert Einstein)

Call to Action: Have questions when moving your talent to elevate the onboarding experience? Reach out to a partner to help you achieve your business needs this summer! The return will significantly exceed the time invested.

This has been A Relocation Minute on “drive with purpose when relocating talent” with Bruce  Waller, for more information, call 972-389-5673, or email bwaller@goarmstrong.com or check out my social media Facebook and Twitter page.

Also, check out http://www.BruceWaller.com for review my latest leadership book “Find Your Lane” on sale at Amazon, or Barnes and Noble. Available on Kindle edition too!

Who moved my “mobility” cheese?

As Hem saw his friend getting into his running gear, he said “you’re not really going out into the maze again, are you? Why don’t you wait here with me until they put the cheese back?” “ Because you just don’t get it”, Hem said. “I didn’t want to see it either, but now I realize they’re never going to put yesterday’s cheese back. It’s time to find New Cheese.”

I love the book “Who Moved My Cheese? by Spencer Johnson, M.D.. It’s a great story about an  amazing way to deal with change in the workplace and in your life. We are currently dealing with change today in many industries including the mobility industry with the new tax cuts and jobs act law implemented this year which is creating a lot of “buzz” around change and the process of relocating talent. Many companies are reviewing their program and discussing ideas and strategies with their partners for policy alignment with the new tax laws, and their business goals.

Here are a few questions I have been asked this month about new mobility tax laws that might help your team in 2018…

  1. Can a corporation still deduct moving expenses when relocating talent? Yes, employee relocation is still considered a business expense. However, corporations are now taxed on all relocation expenses and will need “gross up” the costs to make the employee whole on his/her W2 for tax purposes. Corporation tax has also been reduced from 35% to 21% providing $140,000 of windfall for every $1,000,000 taxable income to help offset costs.
  2. What relocation expenses are tax deductible? Most relocation expenses are now taxable income for employees except for members of military on active duty moving for military orders, as well as tax protected home sale programs (BVO and GBO) as long as they meet WorldwideERC 11 key elements under IRS Revenue Ruling 2005-74.
  3. Does the time and distance rules still impact relocation taxes? Since the moving deduction is no longer viable for household goods and storage for 30 days, you no longer need to include 50 mile / 39 week rule in your policy. However, many companies are revising their policy by taking out “IRS” and changing to “Company” to give them a guide for employees eligible for a corporate relocation.

Quote of the week: “There is always new cheese out there whether you recognize it or not. And you are rewarded with it when you go past your fear and enjoy the adventure.” (Haw)

Call to Action: What questions do you have about employee relocation? Reach out to your relocation partner to discuss and develop strategy for an effective program when onboarding talent needing to relocate their family. They will appreciate having new cheese, and so will you!

This has been A Relocation Minute on “who moved the mobility cheese” with Bruce Waller, For more information, call 972-389-5673, or email bwaller@goarmstrong.com or check out my social media Facebook and Twitter page.

Also, check out http://www.BruceWaller.com to order or review my latest leadership book “Find Your Lane” on sale at Amazon, or Barnes and Noble. Available on Kindle edition too!

Mentors can absolutely change your game!

In high school, my football coaches guided and inspired me to be my very best both on and off the field. In business, I have had the good fortune of having great mentors for the past 20 years. They have guided and encouraged me during challenging times, and to celebrate successes when times were going my way. Mentors can change the game for you as a mentee, as well as for a mentor giving back to others. I have been a mentor for others in our company as well as for college students and young professionals for guidance as a business leader, HR practitioner, or in the mobility space. When you give back some of the leadership lessons that others have poured into you during your career, life can be so much more fulfilling.

In 2018, I am teamed up with a college student studying Human Resources at Texas Women’s University. She is so passionate about HR and has a heart for continuous learning. We were recently discussing some of the value of our partnership and it reminded me of the similarities we have when we partner with others in our company and in our communities. For example, in relocation, a mentor can be a business partner that not only helps with a transaction, but provides resources and shares information to help your team develop AND transform your leadership which will result in a better program for your talent relocating. The value outcome is better relationships and better value for the recruiting teams. A mentor can help mentee’s drive positive outcomes and take their career to new levels.

Some of the value we discussed included:

  1. Networking: Mentors can help mentees or customers connect with the right people. As I am reminded, two are always better than one and three aren’t easily broken. There is a network of resourceful people waiting to help you connect.
  2. Review and Validation: Mentors can help mentees create or validate communication or decision points. Mentors have already been down the road and can provide wise counsel. The mentee or customer just needs to be vulnerable and ask for best approach methods. When we seek wise counsel, we are equipped for a more successful outcome.
  3. Trust worthy partnerships: Mentors respond quickly to the needs of their mentees and customers because they understand the importance of urgency and timing for the mentee or customer to have success. Partnerships change access points. It’s like always having a coach available (on call) to help you for the rest of your career.

What are you doing to add value for others on your team, or in your community? Consider mentoring high school, college students, or young professionals or even someone in your organization. If you are needing help as a mentee, now may be the time to reach out to a mentor or service provider for guidance and support. People really enjoy helping others when they know how they can help.

Quote of the day… “The purpose of life is to live a life of purpose.” (unknown)

Call to Action: You don’t have to do school, business, or life alone. Call someone today and ask for guidance as a mentor, mentee, or maybe you need a partner to support an area your are responsible for in your company. If you don’t know who to reach out to, call or send me an email and I will be glad to provide some guidance.

This has been A Relocation Minute on “Mentors can change the game” with Bruce Waller, for more information, call 972-389-5673, or email bwaller@goarmstrong.com or check out my social media Facebook and Twitter page.

Also, check out http://www.BruceWaller.com for review my latest leadership book “Find Your Lane” on sale at Amazon, Barnes and Noble or Kindle Version!

Use these 10 C’s when considering CHANGE in any organization!

Are you responsible for recruiting or mobility on your HR team? Do you feel like your on-boarding program continues to evolve when relocating talent or needs a refresh? If you say evolving, I say keep going! Unfortunately, the response I hear most often is… we really need a refresh. However, a refresh often requires an investment of time and energy during the assessment, then more time and energy “selling” to leadership. Sound familiar? This is why the majority of companies that need a refresh settle for the status quo.

This is similar to the time and energy it takes to recruit and develop talent in any organization as well… you just have to “C” (see) it from your (internal) customer lens. In other words, if you were relocating to a new city for a new role, are you doing everything you can to make it a great on-boarding experience for your team members or just using the “we’ve always done it that way” approach because you lack resources? Next time you sense a need to change or improve the experience for your teammates relocating, consider pulling in some of your stakeholders and use these 10 C’s below. Using a status quo approach could actually be costing you more “time and money” than you think.

  1. Be Committed to the development of the policy and partnership. This may take some time, but it is the heartbeat to any successful program.
  2. Be Consistent managing policy which may include “exceptions”. Tracking exceptions can be a game changer each year during the client review. Know whats driving these needs.
  3. Collaborate with all stakeholders this includes HR, Recruiters, Business Unit leaders, Vendors, Executives, etc… Be open to hearing other leadership perspectives.
  4. Continuously improve and evolve your program. Attend local relocation conferences as well as invest in WorldwideERC for an assortment of mobility resources.
  5. Have the Courage to BE BOLD and make adjustments during the process. Every relocation has different elements.
  6. Be an Champion of the program so other team members understand the on-boarding impact. Once you have established your program, meet with stakeholders to share success.
  7. Communication is key with all stakeholders even when you have bad news. Be proactive and push information rather than pulling.
  8. Change policy when needed. Sometimes there is no need to wait for an end of year review when a change is immediate.
  9. Challenge the status quo. Your employees and family relocating will appreciate this approach. Develop a passion for providing a great experience no matter the challenges.
  10. Have Compassion and empathy for family challenges along the way. All moves are not created equal. Family issues are one of the biggest reasons for a failing assignment.

…and most importantly, be Calm… Relocation can be stressful, especially when you are in reactive mode. However, it is minimized when you have a purposeful program. Everyone understands the process and is in alignment with expectations which leads to more positive outcomes for the team members and their family.

Call to Action: Schedule a client review and find out what other options are out there to elevate the experience for your team… or consider attending the next relocation meeting in your area. Visit WorldwideERC.org for mobility resources and for local chapter information. In Dallas, check out NorthTexasRelcoationProfessionals.org

Quote of the Week… “Be the change that you wish to see in the world.” (Mahatma Gandhi)

This has been A Relocation Minute on “10 C’s to CHANGE” with Bruce Waller, For more information, call 972-389-5673, or email bwaller@goarmstrong.com or check out our my social media Facebook and Twitter page.

Also, check out http://www.BruceWaller.com for review my latest leadership book “Find Your Lane” on sale at Amazon!

It’s time to “HIT REFRESH” on your relocation policy…

In his new book “Hit Refresh”, author and CEO of Microsoft Satya Nadella shares a story about transformation at Microsoft and the quest for new energy, new ideas, and renewal. When you hit refresh, it’s not about starting over, but “clearing the clutter” for a refreshed update. 

Since the elimination of the moving deduction in the recent “Tax Cuts and Jobs Act”, it’s time to refresh your relocation policy. One suggestion is to remove the moving deduction language being an “IRS requirement” since it is no longer a tax deduction. However, you may want to keep the “time and distance” content as a parameter as a guide for mobility benefits. Based on feedback from WorldwideERC members on the community forum, many plan to keep the time and distance content as a guide for their program as you can see from a few examples below:

  • We are still using the distance test as an eligibility requirement.
  • We are still using it as an eligibility for relocation benefits. The business needs some sort of guidance so easier to just maintain it irrelevant of tax ability.
  • Most of our clients are electing to leave the distance test in their policies, removing all reference to IRS guidelines and calling it a company requirement for eligibility of relocation benefits. They are also keeping in the 1 year from the new job start date for completion of benefits also as a company requirement.

It is getting more difficult to hire the best candidates and employee relocation will continue to be a significant part of the process to attract and retain key talent. What will your company be doing to elevate the onboarding experience for your relocating employees in 2018?

If you would like to access this information or more on the moving deduction feedback, visit WorldwideERC community https://www.worldwideerc.org

Call to Action: Review your relocation policy with your partners to confirm the verbiage that you would like to communicate with your candidates as well as other potential changes in 2018. It’s a great idea to review or HIT REFRESH on your policy each year…

Quote of the week: “A team is a not a group of people that work together. A team is a group of people that trust each other.” (Simon Sinek)

This has been A Relocation Minute on “Its time to hit refresh on your policy” with Bruce Waller,  For more information, call 972-389-5673, or email bwaller@goarmstrong.com or check out our my social media Facebook and Twitter page.

Also, check out http://www.BruceWaller.com for review my latest leadership book “Find Your Lane” on sale at Amazon!

2018 brings opportunities and changes when relocating talent in the US.

Each New Year always brings many opportunities and challenges for all of us in business and in our personal life. The key to success is how we adapt and respond to change. In 2018, there are some changes that will impact your company when relocating talent in the US. Some of these changes will include the $1.5 Trillion “Tax Cuts and Jobs Act”, as well as the FMCSA’s Electronic Logging Device mandate for owner operators in the trucking industry. 

In the book “The 4-hour work week” by Tim Ferris, he shares an email from a friend that reminds me of the best approach when facing any new changes:

“While many are ringing their hands, I recall the 1970’s when we were suffering from an oil shock causing long lines at the gas station, rationing and 55 mph speed limits on federal highways, a recession, very little venture capital, and what President Carter (wearing a sweater while addressing the nation on TV because he had turned down the heat in the White House) called a “malaise”. It was during those times that two kids without any real college education, Bill Gates, and Steve Jobs, started companies that did pretty well. Opportunities abound in bad times as well as good times. In fact, the opportunities are even greater when the conventional wisdom is that everything is going into the toilet. … we can look forward to a new year filled with opportunities as well as stimulating challenges.”

So what are these changes and how will they impact employee relocation?

  1. The Moving Expense Deduction: The moving expense tax deduction will be suspended until the year 2025. This means that companies that gross up the relocation expense will need to plan on an increase for the household goods move, 30 days of storage and final move trip. Since this is no longer an excludable tax deduction, the moving expense will now show as income to the employee. (*Exceptions will be for a military relocation). There are other areas of impact for relocation expenses as well which include supplemental rate changes, mortgage insurance, home sale capital gains reduction, and others. The bill does not seem to effect the tax on relocation home sale transaction expense completed by an RMC. Please consult with your tax firm for making any changes to your current program.
  2. Electronic Logging Device (ELD) Mandate: The Federal Carrier Motor Safety Act (FMSCA) has now mandated the use of ELD’s for all truck drivers including household goods van operators. This device will sync with the van operators working / driving hours. What does this mean for corporate relocation? It could mean longer transit times up to 2 days due to the hours of service rules, increase temp housing, and an increase in transportation costs. The key to success will be communicating expectations during the relocation. Companies and their suppliers must be proactive, more now than ever when communicating with employee/family moving for a successful relocation.

Call to Action: Reach out to your tax consultant for the latest tax law changes and update your policy as soon as possible. Q1 would be a great time to review any changes with your suppliers and partners. If you don’t a partner, invest in one for 2018! You will appreciate the single point resource and so will your employees relocating.

“The first step to leadership is no action, it’s understanding.” (John W Gardner)

This has been A Relocation Minute on “Relocation Changes in 2018” with Bruce Waller, For more information, call 972-389-5673, or email bwaller@goarmstrong.com or check out our my social media Facebook and Twitter page. 

Also, check out http://www.BruceWaller.com for review my latest leadership book “Find Your Lane” on sale at Amazon!