MILWAUKEE, Jan 26 (Bernama-GLOBE NEWSWIRE) -- WHR Group, Inc. (WHR), a leader in the global employee relocation industry, is offering companies free relocation policy reviews. WHR will also help companies create new policies from scratch. Even with the Covid pandemic, companies are still relocating employees to fill crucial roles. Reviewing relocation policies and making critical adjustments helps organizations win in the war for talent, meet employees’ needs, benchmark against the competition and control business costs.
Relocation policies should be incorporated into an organization’s total rewards and talent management strategies. The right relocation policy can help a company, while a weak policy – or none at all – could have a negative impact on the candidate recruiting success rate. “With the current war for talent, it's critical to have a structured and competitive relocation program. This helps companies attract and retain top talent,” says WHR’s Business Development Regional Manager, Ben Koceja. Making sure a relocation policy meets transferees’ needs helps reduce transferee stress so that employees can focus on work roles in their new locations. Benchmarking a policy against other companies also helps organizations stay competitive in the war for talent. The policy needs to include a choice of offerings since relocation policies are wrapped into job offers. Companies also need to ensure they’re allocating the right amount of dollars to transferees and organizational needs. It is important organizations are not paying for unnecessary or outdated benefits. According to WHR’s International Business Development Manager, Linden Houghtby, MBA, GMS, MIM+, “Having a relocation policy aligned with your company culture, talent strategy, and recruiting goals is essential to having a successful relocation/mobility program. It allows companies to move employees where they are needed most. Policies ensure transferees will be taken care of in a way that reflects the organization’s values and goals.” To learn more about WHR’s free employee relocation policy reviews or for help creating a new policy, contact WHR. About WHR Group, Inc. WHR is a private, woman-owned, global employee relocation management company distinguished by its white glove service delivery structure and proprietary technology. WHR has offices in Wisconsin, Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to be the trusted leader in global employee relocation. https://www.whrg.com, LinkedIn, Twitter and Facebook. Media Contact: Mindy Stroiman, Corporate Writer [email protected] 262-523-7510 Source: WHR Group --BERNAMA
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KUALA LUMPUR, Jan 24 -- China’s Jiading District Economic Commission has issued policies targeted at promoting automobile industry development, including electrification, automation, network connection and sharing at a conference recently. According to the commission, an action plan was also formulated to accelerate the development of hydrogen fuel cell vehicles. Through efforts in upgrading its automobile industry, Jiading District has formed a solid industrial foundation and dynamic industry chains, the commission said in a statement today. Leading players in the industry had gathered in the district to promote the development of the automobile industry in the four key aspects, namely electrification, automation, network connection and sharing. The companies include SAIC Volkswagen, Volvo, NIO, Li Auto, Horizon Robotics and Shanghai Hydrogen Propulsion Technology. Located in Shanghai, the Jiading District has also gained a leading advantage nationwide in terms of providing supporting facilities for the automobile industry, with major projects such as China's only international pilot zone for electric vehicles, as well as China's first pilot zone for intelligent connected vehicles (ICVs) which as approved by the country’s Ministry of Industry and Information Technology. Moving forward, the district will further expand its strength in the automobile industry by bringing its innovation, service and resources to a higher level, striving to increase global competence and generate more new technologies and standards for the industry. -- BERNAMA BEST'S SPECIAL REPORT: NEW INSURERS TO DRIVE DIGITALISATION IN SOUTH KOREA NON-LIFE SEGMENT25/1/2022 HONG KONG, Jan 24 (Bernama-BUSINESS WIRE) -- New and fully digitalised insurance companies entering South Korea’s non-life industry hold the potential to exacerbate a highly competitive marketplace in the long term, according to a new AM Best report.
In its new Best’s Special Report, “New Insurers to Drive Digitalisation in South Korea Non-Life Segment,” AM Best notes that technology giant Kakao Corp., which runs South Korea’s dominant mobile messenger app, KakaoTalk, is planning its foray into the non-life insurance segment in the first half of 2022, leveraging its user base and digital ecosystem. Several other players also have entered or are planning to enter South Korea’s digital non-life business segment, offering products such as pay-per-mile auto insurance with a monthly deferred payment scheme. The report also states that large financial groups are increasingly expressing interest in the digital non-life business. Digital insurers typically concentrate on simple and small-ticket insurance products when they enter the market, according to the report, and as a result, these new players will require time to amass a sizeable premium base in order to cover the upfront investment in technology and ultimately make meaningful profits. “These digital startups will need time to cultivate sufficient underwriting and claims capabilities to handle more complicated products,” said Chanyoung Lee, associate director, analytics, AM Best. “Consequently, these new players are unlikely to have a material impact on South Korea’s non-life market dynamics in the short to medium term.” At the same time, according to the report, a digital insurer that is able to accumulate a large policyholder base quickly while preparing to expand into major product lines could find itself able to compete meaningfully against traditional incumbents. Additionally, the simultaneous emergence of multiple digital insurers may increase customers’ familiarity and accelerate digitalisation across South Korea’s non-life insurance segment. The report also notes that digital insurers likely will turn first toward auto insurance, given that auto policies are mandatory and that online sales are more easily accepted; however, claims management expertise among traditional players will remain a barrier to overcome for new entrants. While AM Best does not expect new digital insurers to have a material impact on overall competition in the short term, they could motivate existing players to re-examine their business structures and strategies. Innovative products and services introduced by new digital entrants could inspire traditional insurers to accelerate their innovation efforts and increase insurance penetration in areas that historically have been underinsured. To access the full copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=316843. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com. Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20220123005031/en/ Contact Chanyoung Lee Associate Director, Analytics +852 2827 3404 [email protected] Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 [email protected] Jim Peavy Director, Communications +1 908 439 2200, ext. 5644 [email protected] Source : AM Best http://mrem.bernama.com/viewsm.php?idm=42219 KUALA LUMPUR, Jan 19 -- Vuzix® Corporation (Vuzix or the Company) and AMA have announced the reinforcement of their partnership to grow and strengthen both organisations’ ability to deliver world-class remote collaboration for the deskless workforce.
Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, while AMA is a pioneer of assisted reality and workflow management software solutions. Vuzix and AMA have been closely working together for over five years and are now widening the scope of their partnership agreement to accelerate the digital transformation of their joint industrial and healthcare customer base. “Our partnership is taking a new step forward. We are convinced that our combined, forward looking vision of remote assistance is key to accompany the rapid digital transformation of our customers,” said VP Product & Partnerships at AMA, Guillaume Campion in a statement. By proposing the lightweight and ergonomically versatile Vuzix M400 smart glasses on the entire XpertEye remote assistance product range, customers will be able to boost productivity and successfully complete remote support tasks safely and efficiently. Customers will now benefit from hands-free collaboration with voice control on XpertEye Essential as well as from seamless remote assistance with the Vuzix M400 wearable display connected to a dedicated smartphone on XpertEye Advanced. As a strategic partner, AMA has been the first to successfully test and leverage Vivoka’s embedded multilingual automatic speech recognition, now standard on Vuzix full line of smart glasses. With 18 languages available, the XpertEye assisted reality solution embraces the unparalleled and secured voice AI capabilities of this embedded speech technology. -- BERNAMA Additional Highlights Include Launch of New $500 Million Hospitality Lending Platform
New York, Jan 21 (Bernama-GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced the completion of one of the most active years in the firm’s 17-year history. 2021’s notable highlights include: · Closing a record $6.4 billion in total deal volume in 2021 across 72 transactions. The firm executed deals ranging from $10 million to $485 million in all major U.S. metropolitan markets. Throughout 2021, Madison originated and acquired loans across asset classes including multifamily, mixed use, retail, office, industrial, land and hotel and invested in transitional and special situation loans as well as provided financing for ground-up development and construction. In the last two months of 2021 alone, the firm closed 26 new deals representing nearly $2.7 billion. · Raising $2.08 billion in equity commitments for Madison Realty Capital Debt Fund V LP (“Fund V”), exceeding the fund’s $1.75 billion target. Fund V, the firm’s largest debt fund ever, received significant support from existing investors as approximately 70% of the institutional LPs in Madison’s prior fund re-upped into Fund V. Additionally, 52% of the capital committed for Fund V came from new limited partners, both domestically and abroad. · Originating over $1 billion in loan-on-loan financing for twelve alternative lenders as part of its lender financing strategy. The firm provided financing solutions to alternative real estate lenders for projects in California, Florida, Nevada, New Jersey, New York, and Oregon through its income-oriented debt investment vehicle, which targets lighter value-add and core-plus real estate transactions with a greater focus on income generation with rates of approximately 4% to 6%. · Launching an institutional hospitality lending platform, Madison Newbond, with $500 million of initial lending capacity in partnership with Newbond Holdings. Madison Newbond offers unique financing programs to new and existing borrowers across the hospitality spectrum from limited-service hotels and developers to ultra-luxury resorts and targets opportunities including transitional lending and ground up developments, as well as first mortgages, mezzanine loans and preferred equity, across major metropolitan markets. · Attracting and retaining executive talent. In April 2021, Madison announced seasoned executive Urian Yap joined the firm as Chief Financial Officer from The Blackstone Group, where he led the global loan operations team for Blackstone Real Estate Debt Strategies and the financial reporting team for Blackstone Mortgage Trust Inc. Madison expanded its team with 12 new professionals, further building-out multiple real estate investment disciplines and capabilities. Additionally, Madison, which first opened its Los Angeles offices in 2018, continued to grow its presence on the west coast with the opening of its new Los Angeles office in Century City. Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “Madison Realty Capital further distinguished itself in 2021 by providing single-source, customized financing solutions for borrowers’ unique needs and delivered speed, certainty of execution, and strong underwriting, despite a highly dynamic market environment. I am proud of what we were able to accomplish, which is a testament to our team as well as the culture and expertise we have developed over the past 17 years. We look forward to continuing to execute on behalf of our borrowers, investors, and communities we serve in 2022 and beyond.” Noteworthy transactions for the firm in 2021 include: · Breaking ground for a mixed use residential and public school development in Woodside, Queens in a public-private partnership with the NYC School Construction Authority and Department of Education; · A $34 million loan-on-loan financing for the redevelopment of a multifamily property in Woodland Hills, Los Angeles; · A $106 million construction loan to Arch Companies and AB Capstone for the ground-up development of Myrtle Point, a mixed-use residence in New York City; · A $450 million construction loan to The Rabsky Group for a 1,098-unit mixed-use development in Downtown Brooklyn; · A $278.5 million construction loan to Reger Holdings, LLC for a portfolio of 734 multifamily apartments, 1,264 multifamily units, and 117 luxury condominium residences across three projects in Austin, Texas; · A $30 million first mortgage loan to Metropica Development for a luxury condominium tower and ten acre development site in Sunrise, Florida; · A $79 million loan to Vella Group for a portfolio of five industrial and flexible office properties in Los Angeles, California; · A $395 million loan for a portfolio of 1,161 units across three multifamily projects in Bayonne, Raritan and Linden, New Jersey as well as a land site at the former Bears Stadium with plans for 4,200 residential units; · A $110 million loan to Harridge Development, Silverpeak Real Estate Partners, and an affiliate of Cerberus Capital Management for single-family homes in a master-planned housing development in Historic San Pedro, Los Angeles. About Madison Realty Capital Madison Realty Capital is a vertically integrated real estate private equity firm that, as of December 31, 2021, manages approximately $8 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $20 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com. Nathaniel Garnick/Grace Cartwright Gasthalter & Co. +1 (212) 257 4170 [email protected] Source: Madison Realty Capital --BERNAMA |
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