By Chad Sterling, Chief Executive Officer, Altair Global
When relocating your company headquarters or sending employees overseas for business matters, there are a multitude of considerations to weigh. Relocation is no easy feat, since so many facets have to be handled carefully. In the management of global mobility programs and employee moves, one important factor can be overlooked – the toll it takes on employee productivity.
Most everyone is aware that the move itself takes time out of an employee’s schedule, but exactly how much time is lost in the relocation process overall? And, what if there were a way to not only quantify time lost to matters like handling immigration and housing needs, or deciding on school options for accompanying children, but also find ways to prevent this productivity drain in the future and improve a company’s ROI?
Altair Global’s Momentum Survey Series aimed to answer those questions and more. Our goal was to reveal just how much time and attention can be redirected due to a relocation and what we uncovered was astonishing. Our international study found that an average of 39 days were lost in work productivity. This is equivalent to roughly $4 million in productivity loss for a program of 100 employees moving internationally per year.
So, what are the biggest productivity loss culprits? Through our research, Altair determined the top areas to be finding and establishing a new residence, learning and understanding compensation-related specifics, and immigration process activities. In regard to immigration, surprisingly, we found the country with the most-likely productivity loss due to the impact of immigration was the U.S.
Apart from the quantified numbers we revealed, we also wanted to find solutions to assist our clients in managing employee output during a relocation. We reached out to participants to elaborate on their answers
And from these in-depth conversations, we found that assignees were longing for ways to interact with expats already located in their new location, to share their firsthand knowledge and cultural and settling-in support from someone who had been through the experience.
We also wanted to help our clients better understand where productivity loss was occurring and how to address the issue.
For example, one participating company’s data found that its renter population lost significantly more days than the average renter respondent. The company requested Altair Global’s recommendations for more formal assistance and benefits for renters. By spending a little more than $500 up front, the company saved thousands of dollars for each renter in more rapid and productive onboarding in the new location.
Other solution recommendations derived from our innovative research included encouraging participation in cultural and language training, offering international employees formal opportunities to network with current and former expatriates and other employees with prior international move experience, and treating all employees moving internationally as if they were “new” employees, rather than assuming they would be able to navigate the new location on their own.
For a better understanding of how your mobility program and policies could be impacting your employees’ productivity, request a copy of the international edition of our Momentum Survey Series. Our full survey provides in-depth details and insights for anyone looking to manage employee job output during relocation.
About Altair Global
Founded in 1989, Altair Global is an independent, global mobility management company that offers comprehensive relocation and assignment solutions in more than 180 countries. Our clients are as diverse as our workforce, and include members of both the Fortune and Global 500. Altair Global’s services are delivered from regional service centers across the Americas, EMEA and APAC. For more information, please visit www.altairglobal.com.
Dallas Fort Worth: Bridging Latin America-Asia Trade
Thursday, November 1 | 7:30AM-5PM
Federal Reserve Bank of Dallas, 2200 North Pearl Street, Dallas, TX 75201
This one-day summit brings together local and global trade leaders from both the public and private sectors, to focus on how Dallas Fort Worth’s global and regional competitiveness can increase business opportunities between Asia and Latin America, and how transnational organizations support and help advance global business efforts. Click here for more information and to register for the event.
Take Off to Quebec
Thursday, November 1 | 6PM-8PM
DFW Airport Headquarters, 2400 Aviation Drive, Irving, TX 75062
The state of Texas and the province of Quebec in Canada are among the world’s top clusters for aircraft and aircraft parts and manufacturing. The supply chain between major companies established in Texas and in Quebec represents an annual trade value of about $1.4 billion. We invite you to join over 120 aerospace and defense executives from Texas for a unique networking opportunity with representatives of the Government of Quebec, the Consulate General of Canada in Dallas, BCI Aerospace, the North Texas Commission, DFW International Airport, and Air Canada, among others. Click here to register for the event.
Taste of France
Friday, November 16 | 7PM-9:30PM
Fashion Industry Gallery (F.I.G.), 1807 Ross Avenue, Dallas, TX 75201
This fall, the French-American Chamber of Commerce is taking you on a journey through the wine, food and fashion of France, which has become an American obsession. Sip French reds, whites and rosés from the regions of Bordeaux, Burgundy, Chardonnay, Chablis, Provence. Taste pâtés, fromages, gateaux, macarons, and signature dishes offered by some of the area’s top chefs and gourmet purveyors. Excite your visual palette through French fashion and entertainment sprinkled throughout the event. And, as a souvenir of this event, outbid your friends and take home a trip to Europe or dinner at a fine restaurant in the silent auction. Venez voir! Click here for more information and to register for the event.
KOR-US ICT Partnering 2018
Monday, November 5 | 10AM-3PM
DoubleTree by Hilton, 4099 Valley View Lane, Dallas, TX 75244
Thanks to its advanced technology and innovation, Korea has been the leader in the global ICT industry and is expected to continue its competitiveness. This event, hosted by the Korea Trade-Investment Promotion Agency (KOTRA), is the perfect opportunity for those who are not only interested in finding new Korean ICT products and learning recent industry trends, but also ICT project developers to establish one-on-one relationships with some of Korea’s best and most innovative companies for a future collaboration. To register, please email Melissa Maguire at email@example.com with your name, title, and company name.
Sake in Dallas
Thursday, November 1 | 3PM-4:30PM
SGWS Dallas, 2001 Diplomat Drive, Dallas, TX 75234
This sake seminar and tasting event will feature an introduction to sake by Sake Samurai Timothy Sullivan and a presentation of different sakes from across Japan. Come join us for an educational afternoon on the qualities of Japanese sake. This event is for food and beverage professionals only, and is not open to the general public. Attendees must be 21 or older to participate. For more information or to register, please email Kaori Uchida at the Japanese External Trade Organization (JETRO) at firstname.lastname@example.org.
A crowd of nearly 900 filled the Hyatt Regency Dallas’ Reunion Ballroom on Sept. 28 for the 22nd Annual Women’s Business Conference to take stock of personal and professional lives, and to gather strength for the paths ahead.
The event, produced by the Dallas Regional Chamber and presented by Jackson Walker LLP, highlighted the accomplishments and challenges facing women across a broad spectrum of industries and professions, from entertainment, to investment, to digital marketing.
During her keynote speech at the conference, Fidelity Investments’ Kathleen Murphy described the path that lead her to oversee $2.4 trillion in assets as President of the firm’s personal investment arm.
“My boss’ boss’ boss told me that we had to do rotations in different parts of the firm, as lawyers, and so he told me I had to do a rotation in the investment division,” Murphy recalled of her early days in legal practice before she landed at Fidelity. “I was in the government affairs [section]. I was doing health care, and I said, ‘If you make me do this rotation… I will do a clerkship with this federal judge because I will never, ever work in investments. So, the point of that little mistake was you should embrace every opportunity, and don’t think you know it all.”
Attendees also had the opportunity to hear from Academy of Motion Pictures Arts & Sciences Immediate Past President Cheryl Boone Isaacs, who discussed how she worked her way up to that post.
Boone Isaacs – who served as a Board Member for the Academy of Motion Picture Arts & Sciences for 24 years – said her son has helped keep her grounded, even after she was elected President of the Academy.
“It’s called children and animals,” Boone Isaacs said. “I believe that I was elected because… I’m very much dedicated to the organization,” she recalled. “I had worked for it for many years. However, [the news] broke immediately; I had no idea that they were going to tweet it out right away.”
Boone Isaacs said she received two thousand emails and countless phone calls, congratulating her.
“I didn’t even get a chance to call my husband. So by the time I got… to my son’s room, I said, ‘Did you hear the news?’ And he said, ‘Yeah.’ And just kept playing [on his handheld device]. And I thought, ‘Yes. I like it. That’s right back to normal. Because normal is the place to be.’”
In 2015, Boone Isaacs launched an Academy initiative called A2020, which works toward improving representation of diversity in hiring in the film industry, including age, gender, race, national origin, and point-of-view.
The DRC also honored two women with the Athena® Award, which celebrates women who achieve excellence in their professions, serve the community, and who help other women reach their full potential. Receiving the Young Professionals Leadership (YPL) Athena® Award was Amber Venz Box, who founded rewardStyle at age 23. Aside from launching a business that generated more than $1 billion retail sales in 2017, she’s fostered a spirit of entrepreneurism among her more than 200 employees and encourages them to become active in social causes, including Toys for Tots, Habitat for Humanity, and SPCA Texas.
Receiving the Athena® Award was Roslyn Dawson Thompson — president of Dallas Women’s Foundation, the largest regional women’s foundation in the world. Since Dawson Thompson took the helm at the foundation in 2011, the organization has increased its grants benefiting women and girls from $2.5 million to more than $4.4 million in 2016, and has increased its net assets from $26 million to $33 million in 2016. She’s also launched strategic initiatives to impact women’s economic security and women’s leadership through research, grants, advocacy, and gendered investment of assets.
Dawson Thompson said she experienced the unexpected death of her sister at roughly the same time the former CEO of the foundation announced her retirement.
“I looked at myself and said, ‘What’s your legacy?’” said Dawson Thompson, who had built a successful career in marketing and public relations before becoming President of the foundation. “I decided to make one,” she said.
The event’s presenting sponsor was Jackson Walker LLP; the Athena® Award sponsor was Wells Fargo; the YPL Athena® Award Sponsor was Thomson Reuters; gold sponsors included Fidelity Investments, Littler and Target; the silver sponsor was Slalom Consulting; bronze sponsors included Copart, CyrusOne, Intuit, Inc. Options Clearing Corporation, Texas Instruments Incorporated and Topgolf; Vistra Energy was a community partner.
By Avi Kahn
What would one of the top leaders of a multi-billion-dollar construction company (me) have in common with the students of Thomas C. Marsh Middle School in Dallas Independent School District?
Plenty, as it turns out.
I came to this realization while serving as Principal For A Day at Marsh, where, according to state data, 90 percent of the students are economically disadvantaged and more than half are learning English.
Even though I grew up in what would be considered an upper-middle-class household, there were seven of us kids. Our father is a lawyer who owned his own firm. But as with all employee-owned businesses, money sometimes got tight, and we had to compromise.
Everyone had to pitch in which strengthened our work ethic at a young age. I saw that same trait in the students at Marsh.
After meeting Martha Bujanda – Marsh’s principal – I immediately appreciated what she’s doing. Martha’s energy is contagious. The school buzzes with activity, and it seems like two people are waiting to speak with her at any given time.
Still, she took the time to share her day and thoughts with me while I was Principal For A Day, explaining that many of her students come from large families living in single-parent households of limited means. Discipline might not be consistent in their homes. So, she’s seeing to it that students are assigned tasks, giving them a sense of belonging and a shared purpose. She’s bringing in teachers who can motivate students, and introducing constructive work to their days. Most importantly, Principal Martha Bujanda is bringing optimism, a sense of urgency, and hope to kids who need it most.
After spending a day at Marsh, I felt tired, yet exhilarated. I also saw our cultural overlaps, and was determined to help Martha and her students as much as possible.
I’ve made it a point to speak to Marsh students on Career Day, and I’ve invited my colleagues at Hilti to do the same. Our Plano office recently hosted female Marsh students, allowing them to shadow our female engineers. Our goal is to give them firsthand knowledge that women are earning good, meaningful livelihoods in science-related fields. We want to empower them and highlight the fact that with continued hard work and focus, the sky is the limit. We also want to have a little fun and are planning to host the entire school at a Dallas Stars game this November.
Hilti has committed to making lasting impacts at Marsh. We’ve “adopted” a Marsh student, and we’re helping to mentor her, to prepare her for a professional future. We hope to take even more under our wings soon. We’re working to be a regular fixture at the school for Girls in Engineering Day, Career Day and other such events.
Where is this leading? What are we trying to accomplish with Marsh?
We know students can benefit from our corporate culture, which emphasizes both caring and performance, and we know that Martha will be a great partner along the way. We also know that it’s important for Hilti to help others where we can, when we can. We know that by exposing these students to our culture of excellence, we become part of something bigger than ourselves. We know that Dallas’ corporate citizens need to contribute more than just tax money. We need to put skin in the game, to personally become part of the city’s future success. That’s what we’re doing at Marsh.
And what more can anyone ask for, in the work of fulfilling our callings? I’d encourage other corporate leaders follow us in the Principal For A Day program, which is an initiative of the Dallas Regional Chamber. They can get involved by contacting the DRC’s staff at email@example.com. Orientation sessions are set for Sept. 25 and Oct. 4. This year, PFAD is Oct. 9. As more and more business professionals realize just how rewarding this program can be, we expect slots to fill up quickly. Registration is requested by Oct. 3. (Click here to get your username and password to register.)
Dallas ISD is moving professionals like Martha to places like Marsh, as part of a larger initiative to spark renewed excitement and engagement in public education. Efforts like these help improve overall academic performance and are made possible by continuing to invest in our children and their future through community support of school funding.
There will be a time when we look back upon where we spent our time and treasure in this life. Dallas ISD is giving us worthwhile opportunities to invest them in the future of our city.
Avi Kahn is president and CEO of Hilti North America, which employs 3,600 professionals and is part of a global provider of products, services and software for construction professionals.
Principal For A Day is a project of the Dallas Independent School District, in partnership with the Dallas Regional Chamber and Capital One Bank, that brings community leaders into schools across the district. Get your username and password to register.
By Melissa Maguire, Manager of International Engagement, Dallas Regional Chamber
From engaging in trade mission trips to Spain and Japan, to co-hosting and co-organizing international business-development conferences, the Dallas Regional Chamber’s international engagement team and its partners are strengthening North Texas’ trade relationships around the world.
Members are invited to attend any of the below meetings and seminars.
SME SUPPORT JAPAN MATCHMAKING EVENTS
One of our key partners in Tokyo is SME Support JAPAN, the Japanese government’s supporting office for small and medium-sized enterprises (SME) looking to expand abroad.
The organization is hosting two business matching events during its visit to the region, on Monday, Sept. 24, and Tuesday, Sept. 25, with 15-20 Japanese SMEs looking for new distribution channels in the Dallas Region. These events will be hosted by the Richardson Chamber of Commerce in partnership with the DRC and other local chambers and organizations.
Monday’s event will take place from 9:30 AM – 4 PM, with a networking reception to follow from 4 PM – 6 PM at the Charles W. Eisemann Center for Performing Arts and Corporate Presentations, 2351 Performance Dr, Richardson, Texas 75082. To register for this event, please click here.
Tuesday’s event will take place from 9:30 AM – 3:30 PM at the Sheraton Arlington Hotel, 1500 Convention Center Dr., Arlington, Texas 76011. To register for this event, click here.
The DRC is inviting local companies and other chambers to attend the matching events to learn more about the products and services directly from the visiting company delegates.
For more information regarding these matchmaking events, contact Beth Kolman at the Richardson Chamber at firstname.lastname@example.org or 972.792.2817.
STAFF TRAVEL: CORENET GLOBAL ANNUAL EMEA CONFERENCE
SEPT. 25-28, MADRID
Sarah Carabias-Rush, DRC Senior Vice President of International Engagement, will be traveling to this annual real estate conference in Madrid to network with leaders in the field. This conference is the largest gathering of corporate real estate professionals in Europe. The theme for this year’s event is “What’s Next? Exploiting Uncertainty.”
Those who have recommendations for companies or influencers with whom the international team should meet while in Madrid may contact Carabias-Rush at email@example.com.
A SYMPOSIUM ON ASIA-PACIFIC ECONOMIC INTEGRATION AND THE ROLE OF THE U.S. AND JAPAN
OCT. 12, 9 AM – 12 PM, WESTIN STONEBRIAR FRISCO
The DRC is co-hosting this event with the Japan External Trade Organization (JETRO), Japan-America Society of DFW, the Consulate General of Japan in Houston, the Dallas Japanese Association, and the World Affairs Council of Dallas/Fort Worth.
Following President Trump’s election in 2016 and subsequent American withdrawal from pursuing the Trans-Pacific Partnership (TPP), questions have been raised about the future of economic integration in the Asia-Pacific region. Can CPTPP (TPP11) function without the participation of the United States? What is the future of regional agreements such as the Regional Comprehensive Economic Partnership between ASEAN (Association of Southeast Asian Nations), China, Korea, India, Australia, New Zealand, and Japan?
Experts will examine the current status and future outlook of bilateral and multilateral free trade agreements in the Pacific. Insights and perspectives are expected to develop into a dialogue that will be of particular significance to the North Texas business community with interests in the Asia-Pacific region.
Registration for the symposium is available here.
35TH ANNUAL H. NEIL MALLON AWARD DINNER HONORING AMBASSADOR RON KIRK
OCT. 12, 6:30 PM, HILTON ANATOLE
Hosted annually by the World Affairs Council of Dallas/Fort Worth, the H. Neil Mallon Award honors its recipient for dedication to international relationships – business and personal – that enhance the standing of North Texas around the world.
Register for this annual event here.
STAFF TRAVEL: U.S. JAPAN COUNCIL ANNUAL MEETING
NOV. 5-10, TOKYO
Carabias-Rush will be traveling to Tokyo to take part in the influential U.S.-Japan Council annual meeting, where officials such as Prime Minister Shinzo Abe and other senior government and business leaders often participate.
The conference is being held Nov. 8-10. Carabias-Rush will also be attending NEC’s annual innovation showcase and will be setting meetings Nov. 5-7. Those with recommendations for companies or influencers with whom the DRC should meet while in Tokyo may contact Carabias-Rush at firstname.lastname@example.org.
The DRC is currently gauging interest for including a small delegation in our travels. Members interested in joining the DRC international team on this trip are encouraged to contact Carabias-Rush ASAP. Space is limited and restricted to those with direct business interests related to Japan.
KOTRA ICT PARTERNING LUNCHEON/EXHIBITION
NOV. 5, 10 AM – 3 PM, DOUBLETREE BY HILTON
Our partners at the Korean Trade-Investment Promotion Agency (KOTRA) are hosting this Information and Communication Technology exhibition and conference, at which attendees can meet industry-leading Korean manufacturers and experience innovative technology products in cloud and IoT solutions, data management, loT products, security, and more.
Attendees can preview new Korean products prior to being featured at international ICT shows next year. Korea has been the leader in the global ICT industry and is expected to continue its competitiveness.
Registration is now available online here.
ASSOCIATION OF BRITISH HEALTHTECH INDUSTRIES (ABHI) DELEGATION VISIT
The DRC international team will be welcoming a visiting delegation consisting of British hospital systems, health care tech companies, and health care institutions to the Dallas Region.
The delegation is coming as part of the Association of British HealthTech Industries’ globally minded strategy to connect thought leaders, innovators, practitioners, insurers, and executives in the health care field and related industries. Delegates attending the trip are in senior-level positions at both private and public organizations, and are eager to learn from local medical and insurance institutions as they seek out best practices and strong, mutually beneficial relationships to take back to the U.K.
Members are encouraged to let Carabias-Rush (email@example.com) know if they are interested in hosting this delegation at their medical or research facilities, or if they are interested in attending a private networking reception on Wednesday, Nov. 28, 5:30 – 7 PM.
Becky Vance, President and CEO, tells us about Drug Prevention Resources, an 83-year-old Dallas health and wellness organization that tells a better story than “just say no to drugs.”
Briefly tell us about your organization and its work in the Dallas Region.
Drug Prevention Resources (DPR) is a nonprofit agency whose mission is to create a drug-free generation through collaboration, innovation, education, and advocacy. We show parents and kids how to navigate the turbulent teenage years by helping teens develop social and emotional skills, and learn to value themselves and others. We educate parents about how to embrace their role as the No. 1 influencer in their child’s life. We collaborate with community leaders around innovative approaches that support creating a drug-free generation of youth. We work directly with the Dallas Independent School District and offer programs in Dallas, Ellis, and Navarro counties. We envision a generation of youth who are well equipped to resist peer pressure, set goals, make sound decisions, manage their emotions, and communicate effectively in order to become successful, thriving adults.
What can you offer DRC members?
In addition to online resources available on our website, DPR offers presentations to parents and families on the latest drug trends specific to North Texas, how to spot potential problems in your child’s environment and even in your own home, and how to arm yourselves with prevention tools to minimize the chances and reduce the risks of substance use in your family. DPR also teaches companies about drug-free workplace issues and what to do when substances — and/or their effects — are discovered. We focus on minimizing the impact to your bottom line.
What do you enjoy most about doing business in Dallas?
We like knowing that DPR’s staff and board are contributing to the overall health and wellbeing of the youth and families of Dallas. We gain great joy in preventing youth substance use by changing attitudes, beliefs, and behaviors, and helping students grow their sense of esteem and well-being.
Why did you decide to become a DRC member?
Collaboration is part of our DNA, with both the nonprofit and for-profit communities. We want to continuously build relationships by living out our mission through collaboration, innovation, education, and advocacy with members of the DRC.
How has your business changed in the past five years?
Drug Prevention Resources (DPR) traces its roots to September 24, 1935, when a group of churches formed our predecessor organization in response to the end of prohibition. The idea was to educate the public about the impact of alcohol on individuals, families, and society. Although the early education efforts were steeped in morality, they did form the basis of how DPR operates today, with a prevention message wrapped in a public health-based approach to addressing substance use and misuse.
Throughout the decades of delivering prevention education messages in schools, churches, and community settings, DPR has stayed true to one of its founding principles: offering hope to young people and families.
We welcome your questions and comments. To request more information about area businesses or to share an idea, contact us: