Employee Relocation Council (ERC)

January 1, 1 5 min read Employee Relocation Council Worldwide ERC Employee Transfer Corporate Relocation Relocation Services Employee Mobility
The Employee Relocation Council, now known as Worldwide ERC, is a nonprofit professional membership organization focused on the effective relocation of employees globally. It provides insight into costs, services, and best practices for transferring employees.
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Employee Relocation Council (ERC)

Description

The Employee Relocation Council (ERC), now operational as Worldwide ERC, is a nonprofit professional membership entity that serves professionals who manage and execute the relocation of employees. The organization offers a plethora of resources including costs analysis, service provider evaluations, and best practice sharing, with the goal of optimizing employee mobility globally.

Examples

  1. Corporate Program Design: A multinational company uses Worldwide ERC’s resources to design a comprehensive employee relocation program that includes real estate services, cost-of-living adjustments, and family services.
  2. Policy Benchmarking: An HR department benchmarks its relocation policies against industry standards by accessing the data and reports provided by Worldwide ERC.
  3. Training Workshops: Relocation specialists enhance their skills and knowledge by participating in workshops and webinars conducted by Worldwide ERC on issues such as tax implications, cultural adaptation, and logistics.

Frequently Asked Questions

  1. What services does Worldwide ERC provide?

    • Worldwide ERC provides research reports, industry surveys, networking opportunities, training programs, and policy resources to help companies manage employee mobility effectively.

  2. Who can become a member of Worldwide ERC?

    • Membership is open to individuals and organizations involved in employee relocation, including HR professionals, relocation service providers, and real estate professionals.

  3. Does Worldwide ERC offer certification programs?

    • Yes, Worldwide ERC offers certifications like the Certified Relocation Professional (CRP®) and the Global Mobility Specialist (GMS®) to recognize expertise in the relocation industry.

  4. How do relocation policies benefit from ERC’s research?

    • Companies can leverage ERC’s detailed research and trend analyses to refine their relocation policies, optimize costs, and improve employee satisfaction during transfers.

  5. Can I access Worldwide ERC resources online?

    • Yes, many resources, including articles, whitepapers, webinars, and forums, are available on their website at www.worldwideerc.org.
  1. Global Mobility: Refers to the ability to move employees across borders efficiently, encompassing legal, logistical, and cultural considerations.
  2. Relocation Services: Services provided to assist an employee in moving to a new location, including real estate assistance, moving costs, and family support.
  3. Certified Relocation Professional (CRP): Designation offered by Worldwide ERC for professionals demonstrating proficiency in employee relocation.
  4. Cost-of-Living Adjustment (COLA): Financial adjustments made to an employee’s compensation when they are relocated to an area with a different cost of living.
  5. Cultural Adaptation: The process by which relocating employees and their families acclimatize to a new cultural environment.

Online Resources

References

  • Worldwide ERC. (n.d.). About Us. Retrieved from https://www.worldwideerc.org
  • XYZ Reports. (2021). Trends in Employee Relocation. Unpublished manuscript.
  • Industry Specialist, Davidson, M. (2019). Relocation Best Practices and Cost Management. APA Publishers.

Suggested Books for Further Studies

  1. Managing Employee Relocation: A Guide to Developing Strategies, Policies, and Programs by Hohnhausen, J.
  2. Global Mobility: Managing the Employee Lifecycle by Hansen, M., and Rogers, A.
  3. Employee Relocation: The Practical Guide by Clark, R.
  4. International Human Resource Management by Dowling, P., Festing, M., & Engle, A. D.

Real Estate Basics: Employee Relocation Council (ERC) Fundamentals Quiz

### What does Worldwide ERC focus on? - [ ] Real estate development - [x] Employee relocation globally - [ ] Commercial property leasing - [ ] Residential property sales > **Explanation:** Worldwide ERC is focused on the effective relocation of employees globally, providing resources and training for professionals to manage this process. ### What organization operates as the Employee Relocation Council today? - [x] Worldwide ERC - [ ] National Association of Realtors - [ ] Commercial Real Estate Women Network - [ ] American Society of Real Estate Executives > **Explanation:** Today, the Employee Relocation Council operates as Worldwide ERC, continuing its mission of supporting corporate relocation efforts. ### Who can benefit from joining Worldwide ERC? - [ ] Only real estate agents - [ ] Only corporate executives - [x] HR professionals, relocation service providers, and real estate professionals - [ ] Only employee unions > **Explanation:** Worldwide ERC membership benefits a wide range of professionals involved in relocation, including HR professionals, relocation service providers, and real estate professionals. ### What designation does Worldwide ERC offer to recognize expertise in relocation? - [ ] Real Estate Professional (REP) - [ ] Global Real Estate Specialist (GRES) - [x] Certified Relocation Professional (CRP) - [ ] Employee Mobility Expert (EME) > **Explanation:** The Certified Relocation Professional (CRP) designation is offered by Worldwide ERC for recognizing expertise in the field of employee relocation. ### What type of adjustment is often made to compensate employees moving to a higher cost-of-living area? - [x] Cost-of-Living Adjustment (COLA) - [ ] Market Rent Adjustment (MRA) - [ ] Utility Compensation - [ ] Furnishing Allowance > **Explanation:** Cost-of-Living Adjustment (COLA) is financial compensation provided to employees moving to a location with a higher cost of living. ### What does global mobility encompass besides moving employees across borders? - [x] Legal, logistical, and cultural considerations - [ ] Only the legal requirements - [ ] Corporate branding - [ ] Local job markets > **Explanation:** Global mobility encompasses various aspects including legal, logistical, and cultural considerations when moving employees across borders. ### Can Worldwide ERC’s resources be accessed online? - [x] Yes - [ ] No - [ ] Partially - [ ] Only through workshops > **Explanation:** Many of Worldwide ERC's resources, such as articles, whitepapers, webinars, and forums, are accessible online through their official website. ### How can relocation policies benefit from Worldwide ERC’s research? - [x] By refining policies, optimizing costs, and improving employee satisfaction - [ ] Only through manual adjustments - [ ] By determining mortgage rates - [ ] By establishing new corporate offices > **Explanation:** Companies can utilize Worldwide ERC’s research to refine their relocation policies, optimize associated costs, and enhance overall employee satisfaction during transfers. ### What does cultural adaptation involve? - [ ] Changing work ethics - [ ] Legal documentation - [x] Acclimatizing to a new cultural environment - [ ] Tax benefits > **Explanation:** Cultural adaptation involves the process through which relocating employees and their families adjust and become comfortable with a new cultural environment. ### What type of program do multinational companies design with the help of Worldwide ERC? - [ ] Real Estate Investment Plan - [x] Employee Relocation Program - [ ] Commercial Property Leasing Scheme - [ ] Employee Housing Development > **Explanation:** With the help of Worldwide ERC, multinational companies design comprehensive employee relocation programs including various venues for support during transfers.
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