As published on Expatica, Mercer’s Worldwide International Assignments Policies and Practices report (WIAPP) found that “Over 70 percent of companies expect to increase short-term assignments in 2013.” Very interesting article and report.
Excerpts below. For full article, click on Expatica link above.
If you’re an expat abroad, how long has your assignment been?
If you’re a prospective expat, how many years would you be comfortable living abroad?
(full disclosure: this is not an ad for Mercer).
The report showed that 55 percent of companies expect to increase long-term assignments and highlighted that, for the last two years, there has been an increase in the overall number of international assignments. The report found that China, United States, Brazil, United Kingdom and Australia are the priority destinations in their respective regions for expatriates.
Mercer’s Worldwide International Assignments Policies and Practices report (WIAPP) also found that more than half of companies reported an increase of long-term (52 percent) and short-term assignments (53 percent) in 2011 and 2010. The WIAPP report presents the latest trends in international assignment programme management, policies, and practices data.
Anne Rossier-Renaud, principal in Mercer’s global mobility business said, “International assignments have become diverse in order to meet evolving business and global workforce needs. Relatively low pay increases in some regions, and pressure on companies to attract and retain talent, have spurred many to embrace a wider range of global mobility strategies to incentivise high performers. Mobility and HR directors now face great complexity in the number and type of international assignments that need managing.”
According to Mercer, the top five reasons cited for international assignment programmes are; to provide specific technical skills not available locally (47 percent), to provide career management/leadership development (43 percent), to ensure knowledge transfer (41 percent), to fulfil specific project needs (39 percent), and to provide specific managerial skills not available locally (38 percent). Close to half of North American (45 percent) and European (46 percent) companies indicate career management/leadership development as one of the main reasons they have international assignments. In the future, worldwide, 62 percent of participants anticipate an increase in the number of technical-related short-term assignments, 55 percent anticipate an increase in talent development assignments, and half anticipate an increase in key strategic assignments.
Just a friendly reminder that the April 15th tax deadline is fast approaching with our friends at the IRS. Americans living abroad have until June 17th to file their returns, but still any taxes owed to the US government that are outstanding must be paid by April 15th.
For those in France, the US Embassy Paris has a page dedicated to taxation resources, including many links to IRS and forms (like the 2555-EZ form for Foreign Earned Income Tax Exclusion). As the article stipulates, if you’re American and work and reside outside the US, you may be able to exclude up to $95,100 USD annually in foreign income. Check out the links above for further information.
AARO has some views on taxation of Americans abroad, worth the read.
First and foremost,
A healthy, successful and happy new year to you all! I hope you had a restful vacation. I’m back in Paris after a nice trip back home to the US.
As 2012 evolves, there will be an increasing amount of events. One of my goals is to continue to keep you informed about expat events that could be of interest to you. Here is one that came to me just recently. You can contact her for more information (address, etc.).
The law firm Kipling Avocats will be organizing on January 25, 2012 at 2.00 pm in its offices in Paris a two hour seminar on US tax issues for expatriates and the new tax regime applicable to trusts. Anyone interested may contact Virginie Marrer – email@example.com.
The latter article has a list of “Top three relocation tips“:
-Research language and red tape – especially visas
-Closely involve the family
-Keep a firm grip on the process – or have someone else do it
Some excerpts are below (my emphasis in bold).
What are your experiences as expats or potential expats? What are the most challenging issues for you? What are the greatest opportunities that expat life can offer?
5 December 2011 Last updated at 00:02 GMT
Exodus: Movement of rich people – a life at home abroad
By Rebecca Marston
Business reporter, BBC News
An Italian professor of maths moves from Rome to New York State, a lawyer moves from Sydney to Hong Kong after a spell in the Cayman Islands in between, a Portuguese executive moves from Mexico City to Bogota, a violinist leaves Serbia for the UK.
The movement of professional people on this scale was unimaginable 10 years ago.
The cross-border migration of highly-educated people from upper-middle income countries rose by 44% between 2000 and 2006, according to a recently published study by the Organisation for Economic Cooperation and Development (OECD). In low income countries the cross-border movements also jumped significantly, by 28%.
Intra-company transfers in developed countries rose 39% between 2005 and 2008, and this does not include intra-company transfers within the European Economic Area, says OECD policy analyst Jonathan Chaloff, even though the scale of those “can be considerable”.
“What is clear is a trend towards an increase, albeit interrupted by the economic crisis,” says Mr Chaloff.
Multi-national companies and government organisations confirm that view….
….Some get a strong taste for the life, but for others it is fraught with pitfalls both practical and emotional; there is homesickness, or relationship breakup….
….One of the key mistakes companies make, he says, is to assume that someone who has successfully completed a project in one country will be able to do the same elsewhere: “Most people say you have to be resilient – I think its more than resilience.
“We would argue very strongly that having intelligence on this person, knowing how they tick would help immensely. Some of it is about what you know but that’s only part of it, its about your approach to it as well.
“You may think ‘this guy has done a good job delivering in this country – lets get him to do the same in India – he’ll be good at that’ – well, will he?”
But as globalisation and economic growth – where ever it may be found – continues, the experience of moving countries and continents is becoming better understood….
Many move for a better life and more money, although firms – and relocatees – report relocation packages are less generous than they typically were five years ago. This partly reflects that these days it’s not just the most senior executives that are moving. Amongst the number of middle-ranking professionals seeking a new life abroad is rising, but they are cheaper and may not be expected to stay as long.
Brookfield’s Scott Sullivan says there is a move to more flexibility: “Companies are attempting to leverage flexibility by offering what is really needed for an individual assignee… as opposed to a blanket policy with full entitlement to all provisions.”
Relocation itself is big business. Brookfield says relocation expenses for its business total $3.6bn a year….
And parts of the second article below…
11 December 2011 Last updated at 17:37 GMT
The new job that means relocating your life
By Rebecca Marston
Business reporter, BBC News
The world awaits professional skills but it takes a huge range of abilities to make the move to another country
“I often wonder why people don’t take the opportunity to move abroad more often – if you don’t like it you can always go back,” says Colin Smith, general counsel in Hong Kong for hedge fund managers Orchard Capital Partners Limited.
He’s one of a growing number of professionals to whom the location of a job is as important as the length of commute for most of us.
His qualifications as a corporate lawyer make him very portable.
“Banking and corporate legal professionals move quite a lot, what we do can essentially be done in any global financial centre. I have requested every move I’ve made myself.”
One of these moves was to Sydney, which he decided to leave for what might seem a contrary reason: “It was primarily my work-life balance.”
For a corporate lawyer, a 12-hour day is a short one. Perhaps the workload was too light.
Colin explains: “In Sydney, life was good. Every weekend was like a holiday. But, after five years it switched from every weekend being a holiday to almost every weekend in the office. Plus in comparative terms, it is very expensive. I decided to relocate again to find a better balance.”
That sort of moving around takes some organisation – something that many people would find far too daunting.
On top of the challenge of preparing for a new job, with a new office, in an alien location, there are visas to arrange, flights, accommodation, and shipping your goods – after you have decided what to take.
Colin says the most important thing to tackle is the visa: “That is the first issue, but if you’re moving with a company the firm works that out for you so you don’t have to worry about that.”
For these intra-company moves, there is often plenty of help, with the firm paying towards housing, flights, one month’s accommodation and the shipping of goods.
Even with that help from the firm, there are still other vital practicalities to be tackled.
“You have to find out who provides telephones, the internet, the best way to get to work.”
Most multi-nationals provide a check-list for staff moving, as well as the practical help. And there are relocation firms themselves to whom you can turn for advice….
NB: full disclosure – I have no vested interest in any of the listed restaurants or bars, except I do write on occasion for My American Market and Bonjour Paris. Just spreading the word!
Just because you’re in France doesn’t mean you have to do without Thanksgiving. In fact, I know several of my French friends (in their 20′s) who will celebrate it because they love the holiday.
There are places all over the country to feast with family and/or friends, usually hosted by restaurants or organizations with expatriate roots.
The great website Bonjour Paris has a listing of some places to go. I’ve included Karen’s recommendations below and organized the listings according to city. Thanks to the American Clubs of France, too.
Of course if you have recommendations, please feel free to leave them in the comments section. Many of these require reservations, so call to see or RSVP email in advance. Others like The Great Canadian and WOS Bar do not require reservations, but it’s better to show up earlier.
For those in the Paris area interested in making recipes, you can check out:
-The Real McCoy (49, avenue Bosquet 75007 Paris) and McCoy Café (194, rue de Grenelle 75007 Paris)
-Thanksgiving Paris (20, rue Saint Paul 75004 Paris)
-You can also buy products online at MyAmericanMarket.
Happy Thanksgiving everyone!
American Church in Paris
Thurs. Nov. 24, 12:15pm
Sat. Nov. 26, 7:30pm
65 quai d’Orsay, 75007 Paris
France-Etats Unis Paris IDF
Thurs. Nov. 24 (more info on website above)
American Club of Paris
Thanksgiving Gala Dinner : American chef Diane Anthonissen
Fri. Nov. 25, 7pm (members only)
Bistrot Le Saint-Martin
Thurs. Nov. 24, Fri. Nov. 25, Sat. Nov. 26
25 Rue Louis Blanc 75010 PARIS
Thurs. Nov. 24 (call for time, reservation)
30 rue Pierre Lescot 75001 Paris
Le Ralph’s (Ralph Lauren’s Paris restaurant)
Thurs. Nov. 24, 6:30pm AND 9:30pm (filling up fast)
173 Boulevard St Germain 75006 Paris
Breakfast in America
Fully booked but you can sign up for waiting list
Kat’s American Diner
(usually has Thanksgiving, call them for information)
The Great Canadian
Thurs. Nov. 24, 7pm.
25 Quai Grands Augustins 75006 Paris, France
The WOS Bar
Thurs. Nov. 24 (call them for time, number on website above)
184 Rue Saint Jacques, 75005 Paris
First Avenue (Thanksgiving “after work”)
Thurs. Nov. 24, 7pm-midnight
119 Boulevard Pereire, 75017 Paris PARIS
Kay Bourgine quartet – Thanksgiving Dinner : Concert & Potluck
Thurs. Nov. 24, 9pm
Café Universel, 267 rue St. Jacques 75005 Paris
American Club of Lyon – Thanksgiving Dinner
Sat. Nov. 26, 6:30pm
L’Espace Brasserie, 26, Place Bellecour – 69002 Lyon
Marseille and Aix-en-Provence
France-Etats Unis Marseille
Fri. Nov. 25, 7:30pm
Yachting Club Pointe Rouge (info on website above)
Anglo-American Group of Provence
Sun. Nov. 27, 4pm
(contact for details)
France-Etats Unis Grenoble
Sun. Nov. 27, 1-5pm at L’ATRIUM
1 ter rue de Moulin, Le Fontanil
(info and RSVP info on their site under “Calendar”)
33 rue d’Alembert 38000 Grenoble
(not sure but they usually organize a dinner)
France-Etats Unis Tours
Sat. Dec. 3, 7:30pm
France-Etats Unis Nantes
Thurs. Nov. 24, 7:30pm
« Le Hublot » 3 Rue Albert Londres – 44000 Nantes
Americans in Toulouse
members only, but contact for information
Americans in Alsace
They hosted an event last year, contact them
American Club of Lille
They hosted an event last year, contact them
Association Bordeaux-USA – Traditional THANKSGIVING DINNER
Thurs. Nov. 24, 7pm
38 Allees d’Orleans, (Place des Quinconces) 33000 Bordeaux
The American Club Riviera
Thurs. Nov. 24, 7pm
7 Avenue Gustav V, 06000 Nice
Thurs. Nov. 24, 7:45pm
7, quai Chateaubriand – BP 90446 – 35104 – Rennes
France-Etats Unis Caen
Thurs. Nov. 24, 8pm
Restaurant Inter Administratif – 6, boulevard Aristide Briand – Caen
France-Etats Unis Biarritz
Sat. Nov. 26, 8pm
Hôtel du Palais
If you’re in France today, you’ll see signs in many bars and restaurants windows touting the message “Le Beaujolais Nouveau est arrivé!” in some variation (“The New Beaujolais region vintage has arrived!”).
There are soirées all over the world to celebrate this annual event. One of my favorite places in Washington D.C. is Bistrot du Coin. I believe the French Embassy in D.C. and its Consulates have events as well.
My friend Miss Vicky Wine is hosting a wine bar hop tonight in Paris with Le Petit Ballon to celebrate the arrival of the 2011 vintage. You can find more information and RSVP on this Facebook event. Here is the itinerary, and more information on this site (in French). Have a good time tonight!
Theparisian Expat group (Facebook profile) is organizing one of its Expat dinners in Paris on Wednesday Nov. 16 at 8:30pm. If you’re a member of Facebook, you can get more information on the event and RSVP here on this Facebook event page.
cheers and happy networking!