Relocation Planning in the New Brexit Landscape
With Brexit drawing near, relocation professionals will need to re-assess their Mobility activities in the UK and Europe. Global Mobility is increasing and accelerating*, but will Brexit put a damper on these trends and limit an employer’s ability to relocate talent to where it’s needed? With less than a year to go, now is not the time to guess about these matters…or “wait to see how it all plays out.”
We’ll shed some light on post-Brexit Mobility scenarios, best practices and potential pitfalls at the insideMOBILITY® Brexit Consortium event at the House of Commons on May 15th, hosted by Gareth Johnson MP, Parliamentary Private Secretary to David Davis and Lord Callanan, Minister of State. Both are directly engaged with the Department for Exiting the European Union.
Global Mobility experts, such as Graebel’s Beverly King, Director, Client Development & Consulting, EMEA, recommends that companies inventory where their talent is located throughout the UK and the EU. She also recommends that companies assess where their future talent resources are currently located and determine what can be done at this time to be certain that their ideal employees are in the right places to meet future needs.
King also points out, “Some EU nationals may opt to leave the UK, so businesses should prepare for a talent drain and ask questions such as: Where is your replacement talent? How easy will it be to relocate people – perhaps from Asia or the Americas? And, if there are EU nationals that you want to try to retain in your UK locations, how will you incentivize them?”
No doubt, experts will always be available to help companies comply with new regulatory structures throughout the region. But compliance, in and of itself, is not a lofty goal. Companies will need to thrive and excel in this new environment, managing the process better than their competitors. This requires exploring options and contingencies in advance.
This type of comprehensive Mobility planning requires reliable information, hard data and informed insights. Peer input and perspective can be extremely valuable too. You’ll find all of that and more at the Brexit Consortium, intended for senior Mobility professionals. The theme of the meeting is “The Impact of Brexit on Global Mobility Programs.”
Lord Callanan will set the stage with opening observations. He’ll be followed by industry experts from event partners Graebel, PwC, DLA Piper and BAL, who will lead focused discussions on four specific areas of Brexit critical in the Mobility arena: Relocation, Immigration, Employment Law and Tax.
To register for this event in the House of Commons, Terrace Pavilion on Tuesday, May 15, 2018 between 08:30 and 10:30, please contact Jane Olsen. And be sure to follow the conversation on social media at #IMBrexit.
*PwC report Managing Tomorrow’s People: The future of work to 2020: assignee levels have increased by 25% in the decade 2006/16 and further growth of 50% is predicted in mobile employees.
The Brexit Consortium
The Brexit Consortium aims to drive discussion among Senior Global Mobility and HR teams when considering the impact of Brexit on all areas of your mobility program planning, including Tax, Immigration, Employment Law and Relocation. Be sure to read related articles and join the conversation on social media with #IMBrexit.
- Brexit, Taxation and Mobility Planning: Right Questions, Right People, Right Now >>
- Brexit, Immigration and Mobility: Open for Opportunity >>
- Brexit, Mobility and Employment Law: A Work in Progress >>
insideMOBILITY is an entity presented by Graebel that hosts events that are designed to help professionals from Global Mobility, HR, C&B and Reward become better at their jobs. In these forums, key people in the industry from around the region meet with their peers, share ideas and connect with industry experts.