Archive for the ‘Misc.’ Category

Company-Sponsored Intern Housing: Three Reasons to Include in Your Program

Monday, March 20th, 2017

Intern Program HousingAsk an intern what’s the most stressful part about accepting an out-of-town position and chances are you’ll hear: “Short term housing.” Ask an employer what’s the most stressful part of hiring interns from out of town and they will probably say the same thing.

Short term housing is one of the most crucial, yet challenging, intern program benefits to administer. The stresses of finding and securing a place to live for three months can result in anxiety for both you and your relocating intern, and if not done correctly, can lead to huge cost implications and failed assignments.

Some companies may offer a lump sum to help their interns, but this option may not eliminate as much stress as many Program Managers would hope. A lump sum requires the intern to research the housing market, find a suitable option on their own, and possibly still front the rental costs. Without direction and assistance from Program Managers, lump sum programs typically result in confusion and create additional risks to the overall success of intern assignments.

To attract top talent and ensure success for your Intern program, providing vetted short term housing options and paying some (or all) of the associated costs for short term housing has proven to be most-effective. Here are three reasons why.

1. Quality Control Assurance

Interns who are tasked to find their own housing for the summer are almost always going to look for the cheapest option. Because most interns are financially strapped college students, it’s not likely that they’ll be willing or able to drop several thousand dollars on a place to live for three months. The result could be disastrous for both you and your interns.

Many platforms targeted specifically for interns offer deals that are sometimes too good to be true, and they unfortunately prey on naïve victims. Asking interns to wire rent money or give up personally identifiable information can be “red flags” that your interns may not notice. Rental scams have become more common over the last few years and interns looking for the best deals can sometimes fall victim to these schemes. Interns who are not familiar with housing best-practices and quality control checkpoints may be at the most risk.

Another consideration is the quality of housing your interns will have if they look for the cheapest option.  While there’s nothing wrong with affordable housing, it’s important that your interns feel comfortable with the place where they will be living over the course of their internship. If your interns are living in area that’s unsafe or an apartment that’s unclean and poorly cared for, it could affect their performance at work and their attitude about the internship.

Providing short term housing options puts you in control of the housing experience your interns will receive. If you can work with your temporary housing partner to provide an approved list of housing options and are willing to subsidize some (or all) of the rent, you can ensure that your intern class isn’t going to be subjected to rental scams or choose housing based solely on price. A negative housing experience can negatively impact your intern’s overall impression of your program, but demonstrating that you care about the living conditions of your interns will contribute to a positive impression of the company and possibly affect the likelihood of them accepting a full-time offer

2. Timing is Everything

Did you know that some programs start securing their intern housing more than a year before the actual stay? Timing is everything in short-term housing. If interns start looking too early, the options they find may not still be available by the time they’re ready to sign a lease. If they start looking too late, they may miss out altogether.

Companies that offer sponsored lodging arrangements for their intern programs have the benefit of working with trusted, experienced temporary housing providers who can utilize their own buying power and industry relationships to create the best possible solutions for each intern. By utilizing the expert knowledge of a trusted temporary housing provider, you can ensure your interns will not be left in the lurch.

3. Reduces Intern Anxiety

Finding viable housing for their stay in addition to mentally preparing for their new role within your company creates an enormous amount of stress for new interns. Chances are, your interns have never done this before. They are used to college dorms or signing year-long apartment leases in student-friendly communities. The interns’ lack of experience with the nuances of short-term housing may create frustration and anxiety, causing them to begin their assignment with a negative impression of their new company.

Unfortunately, as many of us may know all too well, this stress related to intern housing won’t be restricted to just your interns. You’ll be feeling it too. One-off questions will be coming at you from various interns at various times throughout the process.

By investing the time and energy up front to create a relocation benefit for short-term housing, and working with a dedicated, experienced temporary housing provider, your company can continue to attract the top talent and ensure their focus remains on the job at hand.

Preferred Corporate Housing listed as one of the Largest Woman-Owned Businesses in Houston

Tuesday, October 11th, 2016

houston-business-journalThe Houston Business Journal released its annual “Largest Woman-Owned Businesses” list earlier this month. This list includes the top 25 Houston-based companies that are at least 51 percent owned by women. Preferred Corporate Housing is pleased to have been listed as the 17th Largest Woman-Owned Business in Houston according to HBJ’s rankings.

“Corporate diversity plays a significant role in our day-to-day partnerships and transactions. We seek out diverse suppliers and sub-contractors to help us service our national corporate housing clients, so it is nice to be recognized because of our ownership diversity as well,” said Samantha Elliott, President of Preferred Corporate Housing.

This list highlights a variety of industries and ownership backgrounds, but the common denominator for all 25 companies is the strength and commitment of each female owner to lead by example, be adaptable in changing environments, and to remain focused on innovation.

About Preferred Corporate Housing:

Preferred Corporate Housing has been providing furnished temporary housing services across North America for more than 20 years. With service to more than 42,000 locations, PCH has become a go-to resource for more than 8,000 local, national and global clients including 413 companies on the 2016 Fortune 500 list.

Preferred Corporate Housing Director earns Global Mobility Specialist® Designation

Tuesday, September 13th, 2016

gms-logoMichelle Velasquez, Preferred Corporate Housing’s Director of Client Services, has earned the certified Global Mobility Specialist® (GMS) designation.

This designation is another example of Preferred Corporate Housing’s commitment to continuing education and professional development of its team members, and also signifies PCH’s dedication to providing its clients with relocation and temporary housing expertise.

The Global Mobility Specialist (GMS®) designation, administered by the Worldwide Employee Relocation Council (WERC), signifies that a person is specialized in the field of global workforce mobility and is committed to ongoing industry education and outreach. Achieving the GMS® designation classifies individuals as subject matter experts and industry leaders across the mobility arena.

The Worldwide ERC is the workforce mobility association for professionals who oversee, manage, or support U.S. domestic and international employee relocation. The organization was founded in 1964 to help members overcome the challenges of workforce mobility.

To achieve the GMS designation, Michelle completed courses on the following topics:

  • Applied International Assignment Policy Development
  • Policy Alternatives, Strategies and Tactics for Global Workforce Mobility
  • The Intercultural Challenge: Doing Business Globally

Michelle joins an elite group of other mobility professionals from 51 countries around the world who have also earned the GMS designation. As a result, she has acquired extensive global mobility knowledge on up-to-the-minute topics affecting the industry and the professionals who support it.

About Preferred Corporate Housing: Preferred Corporate Housing has been providing furnished temporary housing services across North America for more than 20 years. With service to more than 42,000 locations, PCH has become a go-to resource for more than 8,000 local, national and global clients including 413 companies on the 2016 Fortune 500 list.

Office Politics = Risky Business

Wednesday, July 13th, 2016

Office PoliticsThe world often feels like a crazy place these days! It seems like each day brings a new headline that grabs our attention and forces us to take sides and promote our opinions. While it is important for each of us to feel like we have a voice and say in what’s happening around us, it can also be counter-productive and distracting if those opinions creep into our workplaces. We came across this article posted by Derrick Perkins, and found it extremely valuable in light of the most-recent headlines and political banter. We’ve included the article below:

“Talking Politics at Work Poses Risk to Employers and Employees!” by Derrick Perkins

This election cycle seems to be sparking more office conflicts than previous campaigns, but talking politics at work is a risky proposition for employees and employers alike.

Strife from the divisive presidential campaign season is bleeding over into the workplace, according to a recent survey conducted by the Society for Human Resource Management.

In a poll of 457 human resource professionals, 26 percent reported an increase in “perceived greater political volatility” in the office this election cycle. And the problems with talking politics at work may worsen as November approaches, said Evren Esen, SHRM’s director of survey research programs.

“Businesses need to be aware, even if they haven’t had any issues in the past, that this particular election cycle could be different,” Esen said.

For the purposes of SHRM’s survey, which was compiled in May, volatility means increased tension, hostility, or argumentation among coworkers directly related to the ongoing political battle for the White House, she said. SHRM released its findings at its annual convention earlier this month.

Of those surveyed, about 67 percent reported their organizations lacked a policy—written or otherwise—regulating political activities in the office. Esen believes that those that do likely adopted one after a workplace incident.

Regulating political speech is a tricky situation for employers, said Karen Glickstein, an attorney who specializes in employment law. She recently penned a column outlining tips and advice for supervisors after receiving a glut of inquiries—many related to on-the-job incidents—from clients.

Both employers and employees can take steps to protect themselves, Glickstein said. For supervisors, it can be as simple as reminding their staff about workplace harassment or discrimination policies. Employees, on the other hand, must recognize that the First Amendment does not always apply in the workplace, she said.

It’s a question that seems to come up with each election cycle, Glickstein said, though “I think it’s probably more this year than I can remember in past years.”

Where it gets trickier is during off hours, particularly with the rise of social media. Can action be taken against workers who list their employer on sites where they also espouse political views, like Twitter and Facebook? Not necessarily.

Though only four states explicitly protect workers engaging in political activity afterhours, Glickstein said the National Labor Relations Board increasingly has sided with employees disciplined for politicking outside of the office.

But “every situation is going to be different,” she said.

SHRM, which hasn’t before gauged the amount of workplace incidents stemming from political disagreements, plans to follow up in October. Esen said reaction from members has been positive so far, as many recognize that it could become an issue.

“Not a lot of organizations have policies, but this is something to consider and talk to employees about as well,” Esen said. “Even if they don’t have a formal policy, even if it’s kind of unwritten, encourage employees to be respectful of diversity. Really, this falls into the diversity of ideas and opinions and attitudes. Regardless of whether people agree with each other, they do need to respect one another.”

Most Affordable States for Job Seekers

Friday, May 27th, 2016

Graduation season is upon us! This means thousands of college graduates ready to enter the workforce with high hopes and unrealistic expectations. Although job creation is on the rise and many glamorous locations are beckoning college graduates to come and find work, often times these locations’ housing costs are way beyond the scope of what entry-level wages can afford. What a perfect time for Forbes Magazine to release its study on the most affordable states and rental rates for new job seekers. John Wasik, a Forbes Contributor, sums up which locations should be most attractive for entry-level workers:

“It’s tough to be a recent college graduate. You’re scrapping to find the highest-paying job and may be carrying loan debt. You must feel like you’re running uphill with a backpack of rocks.

If you’re looking to relocate, what’s the first economic decision you need to make? You need to know what prevailing rents are in the city you wish to relocate to relative to your income.

Let’s get the spoiler out of the way first: The largest, most glamorous cities are unaffordable unless you’re making way more than $20 an hour. You won’t be able to afford these places at all if your wages are around minimum wage.

According to a recent report by the National Low Income Housing Coalition, for most workers, that probably puts Hawaii, California, New York, Maryland and New Jersey out of reach for millions. Here’s what the report found:

“In order to afford a modest two-bedroom apartment at fair market rent, a full-time worker in America today must earn $20.30 per hour—a figure that is almost $5 more than the average hourly wage of renters in the U.S. A full-time worker needs to earn $16.35 per hour to afford a modest one-bedroom apartment.”

 One simple rule of thumb is that average rents (or overall housing costs) shouldn’t exceed more than 30% of your income. In glamor cities like San Francisco, Los Angeles, Seattle and New York, you’ll get soaked for housing costs, which could easily exceed half of your income.

That puts a huge burden on you. Remember that you need to pay for food, transportation and other necessities. You won’t be able to save money.”

To view this article in its entirety, visit http://www.forbes.com/sites/johnwasik/2016/05/27/most-affordable-rents-states-for-job-seekers/#306c5d293d90

PCH Short-Listed for EMMA Award by Forum for Expatriate Management (FEM)

Thursday, March 10th, 2016

Preferred Corporate Housing has been shortlisted for the Forum for Expatriate Management’s (FEM) annual EMMA award for “2016 Corporate Housing Provider of the Year.”

This is the second consecutive year for Preferred Corporate Housing to make the Shortlist of potential winners for an EMMA award. In 2015, Preferred Corporate Housing received “Highly Commended” recognition in this same category.

“We are honored to be included in this exclusive list of recognized temporary housing providers by one of the relocation industry’s leading organizations,” said Samantha Elliott, President of Preferred Corporate Housing. “FEM is quickly becoming a go-to resource for knowledge-sharing, best practices and partnership within the global talent and mobility industry, and we are thrilled to be considered one of the best corporate housing providers in their eyes,” said Elliott.

The annual Americas Expatriate Management and Mobility Awards (EMMAs), “celebrate excellence in global mobility. With over 20 categories, these awards truly recognize leaders, business successes and rising stars,” as described on the FEM website.

“We believe we continue to achieve successes and honors such as this because our entire team is committed to innovation and excellence in the temporary housing services we provide,” said Krista Ripper, Director of Business Development for PCH. “We work each day to find new and exciting ways to improve the guest experience, and we never settle for doing things just because its the way they’ve always been done,” said Ripper.

“Our goal is clear,” said Elliott. “We want to be the best temporary housing provider with the best team, the best options, the best tools and the best prices. Being included in this prestigious list is proof that we are on the right track,” said Elliott.

The final award winners will be announced at the black tie gala event on May 5th at the Hilton City Avenue hotel in Philadelphia.

Preferred Corporate Housing is First Member Company to be Accredited by the Corporate Housing Providers Association (CHPA)

Sunday, March 6th, 2016

AccreditedThe Corporate Housing Providers Association (CHPA) is the professional trade association exclusively dedicated to supporting corporate housing professionals and expanding the corporate housing industry around the world. CHPA’s Company Accreditation Program was designed to recognize and elevate companies who have proven their legitimacy, professionalism and commitment to industry best practices and ethics when providing corporate housing services.

CHPA announced last week that Preferred Corporate Housing, a national corporate housing provider servicing more than 42,000 locations across North America, would be the first to achieve the ‘CHPA Accredited Company’ endorsement.

“This is a program we truly value and believe that our clients and supplier partners will value as well,” said Preferred Corporate Housing President, Samantha Elliott. “There are so many ‘fly-by-night’ companies out there that are causing damage to our industry’s reputation with their unethical business practices and fraudulent behavior. CHPA’s Company Accreditation Program is a first step in highlighting which providers are operating within the appropriate standards and best practices.” said Elliott.

In order to be eligible to receive the ‘CHPA Accredited Company’ endorsement, Preferred Corporate Housing had to submit financial history, operational documents relating to business continuity and data protection policies, proof of appropriate business insurance coverage, and letters of reference from peers, suppliers and current clients. Preferred Corporate Housing was also eligible for this endorsement due to its active involvement and leadership within CHPA over the past years, and because all Preferred Corporate Housing’s Senior Managers have earned and maintained the ‘Certified Corporate Housing Professional (CCHP)’ designation.

“We believe that any company that might be sourcing corporate housing services should only want to work with providers who have received CHPA’s Company Accredited endorsement,” said Jon Lanclos, PCH Founder. “This accreditation highlights those companies who have proven themselves to be the best examples of corporate housing industry leaders.”

About Preferred Corporate Housing:

Preferred Corporate Housing is the premier, North American temporary lodging provider for corporate/government relocation programs, extended travel assignments and other corporate travel needs. Since 1996, Preferred Corporate Housing has built a unique model for providing housing solutions in more than 42,000 locations across the US and Canada, specializing in remote destinations and third-tier cities. PCH takes pride in its ability to provide furnished lodging solutions exactly where clients need them, when they need them. Multiple options are available at every budgetary level, making PCH a great partner for any relocation program.

About CHPA:

The Corporate Housing Providers Association (CHPA) is the only trade association dedicated to the corporate housing industry. As the industry continually evolves, members gain insight and resources on how to stay competitive through their involvement with CHPA. CHPA, as the voice of the corporate housing industry, offers networking, educational and informational opportunities to corporate housing providers around the world.

Share the ‘LOVE’ with Your Team

Monday, February 8th, 2016

employee praiseWe’ve previously referenced the article, “The Power of Praise in Business – and How to Do it Right,” written by Ross McCammon and published in Entrepreneur Magazine in February 2012. We thought February, the month of LOVE, is a fitting time to recap some of the main points of this great article as a reminder to “Show the LOVE” to your team as well. Here is the article in its entirety:

“Here’s what the psychologists think about praise: “Positive reinforcement works better than punishment.”

Here’s what the management experts think: “Employee recognition leads to profit.”

Here’s what the neurologists think: “Dopamine, which is released in the brain any time we hear something we like, is a powerful chemical.”

Here’s what the psychologists, management experts and neurologists think when someone in a position of power tells them they’re doing a great job: “Hell, yeah!” (That, of course, is the dopamine talking.)

How important is praise in business? Extremely important. Extremelyimportant. Research has been done. Analytics, even.

A 2010 study published in Harvard Business Review found that at Best Buy, a 0.1 percent increase in employee engagement drove $100,000 in operating income to the bottom line of each store per year. Now, employee engagement involves lots of things, of course: personal fulfillment, career advancement, free coffee. But according to Chester Elton–speaker, motivation expert and co-author of bestselling management book The Carrot Principle–at Best Buy and many other businesses the Harvard study looked at, simple recognition was the single most important factor.

“The number one driver of engagement is opportunity and well-being,” he says. “The number one driver of opportunity and well-being is recognition and appreciation. The Harvard study showed that you don’t just want employees satisfied, you want them engaged, because an engaged employee gives you their discretionary efforts.”

For psychologists, the wisdom of that investment is obvious. “Praising people for what they do right seems to be more effective, regardless of whether you think it’s nice or not,” says Dr. Laura Carstensen, a professor of psychology at Stanford University whose work focuses on motivation. “People buy lottery tickets, and mathematicians often say, How can you waste that money? Psychologists have a slightly different view, and that is, if buying a ticket for a fairly small amount of money allows you to dream and to think you might get to savor the anticipation of what that reward might look like, that’s probably worth the money.”

Praise is like that. It involves very little effort and produces a lot in return. It’s a no-brainer, even for people who are otherwise ingrates.

So that’s why you should give praise. But how?

How to Give It
Most management experts stress the importance of specificity. “You want to balance praise with constructive feedback,” says psychologist Dr. Wayne Nemeroff, CEO and co-founder of PsyMax Solutions, a Cleveland-based provider of “integrated human capital management tools.” Nemeroff suggests, “Recall a particular situation and describe a specific behavior; acknowledge the impact the behavior or action had on the group or the project or the action or on you.”

Here’s what Elton suggests in his book: Do it now. The closer the recognition is to the behavior, the more likely it will be repeated. Do it often. The more you message what’s important to you, the more people will focus on that. And finally, be specific.

Specificity is important, of course, but it seems to us that everything flows from sincerity. Sincerity will automatically lead to praise–and, most likely, impromptu praise. Which is the best praise of all, because it’s automatically perceived as sincere. It simply takes advantage of a moment that is already happening: an e-mail that you’re sending anyway, the beginning of a meeting that’s happening anyway, a team-building exercise. (“Bob, never has anyone so elegantly held an orange with his chin.”)

It’s hard to come up with praise on the fly. And the one being praised knows that. If you take advantage of a chance encounter–if the opportunity to praise someone was never even supposed to happen–then what you’re saying is perceived as authentic. The moment is simply an outlet for gratitude. (Important note: Never use the phrase “outlet for gratitude” when praising someone, or at any other time.)

How to Receive It
Giving praise is the easy part. You just have to be aware of other people’s feelings and be in tune with what’s going on in your business. Receiving praise is trickier–ulterior motives and all that.

When it comes to receiving praise, you want to subscribe to the gymnastics rule: Throw out the highest and lowest scores. Never put too much stock in someone telling you that you’re amazing, and never put too much stock in someone telling you that you suck. Listen to the stuff in between. (This also works with online hotel reviews.)

And respond like this: “Thank you,” or something just as straightforward. Anything else can spoil the moment. Praise should be as discreetly received as it is concisely stated.

The principle of positive reinforcement states that behaviors that are rewarded are behaviors that will be repeated. But this can be bad. If we keep repeating behaviors, we lose sight of the most important part of what we do, which is innovate. Praise should establish a new bar. We should accept the praise and then try to forget about it. We should repeat the work that was praised, but immediately move on to doing a better version of it.

What praise ultimately does is hold up a mirror. It acknowledges what people already think about themselves: that they’re good at what they do. You’re making someone happy and fulfilled and more excited to work with you. And for almost no effort at all.

Nice work.

Key Technical Matters

1. Praise should not begin with the phrase “You da ….”

2. Ending an expression of praise with “… and stuff” nullifies the praise.

3. Ending an expression of praise with “… now get back to work” also nullifies the praise.

4. In ascending order of forcefulness: e-mail, face-to-face conversation, handwritten note, bear hug.

5. No bear hugs.

6. A handwritten note is worth more than a $100 gift card.

7. But probably not more than a $200 gift card.

8. Easy on the superlatives: “hardest-working,” “most glorious,” “awesomest,” “best-smelling,” etc.

9. Praise followed by criticism is not praise.

10. Praise followed by praise is probably a little too much praise.

11. Praise followed by criticism followed by praise is a sandwich.

For more information on this article and full writer’s credits, visit http://www.entrepreneur.com/article/222573

2015 – What a Year!

Thursday, December 31st, 2015

New Year 2016What a year! Preferred Corporate Housing really made the most out of 2015 from being named “Provider of the Year” by the Corporate Housing Providers Association (CHPA), to winning several key client RFPs that will lead us through the years to come. Our team has grown together, laughed together and worked to create the best temporary housing experiences for each of our guests.

So as we close out this amazing year, we thought we would use the last blog post of the year to pass along some of our favorite quotes. The new year brings new ideas, new ventures and a fresh start. But it also brings new challenges and struggles to overcome to achieve these new goals. Here is a little motivation to get you started breaking through barriers and reaching your objectives in 2016!

1. “Life is 10 percent what happens to you and 90 percent how you react to it.” – Charles R. Swindoll

2. “If you can dream it, you can do it!” – Walt Disney

3. “Motivation is what gets you started. Habit is what keeps you going.” – Jim Ryun

4. ” A good beginning makes a good end.” – Old English Proverb

5. “Tomorrow is the first blank page of a 365 page book. Write a good one!” – Brad Paisley

6. “For last year’s words belong to last year’s language, and next year’s words await another voice.” – T.S. Eliot

7. ““We spend January 1st walking through our lives, room by room, drawing up a list of work to be done, cracks to be patched. Maybe this year, to balance the list, we ought to walk through the rooms of our lives…not looking for flaws, but for potential.” – Ellen Goodman

We are excited about the potential of what 2016 will bring. To all our friends around the world celebrating the start of this new year, we wish you a safe and joyous celebration, and we can’t wait to experience prosperity and success with you in 2016!

How to Prevent the “Performance Review Panic”

Wednesday, October 28th, 2015

performance reviewAs we start winding down the 2015 business year, many of us have already started our year-end team member performance evaluations. Few employees actually look forward to the performance evaluation. In fact, when the words “performance review” are muttered, most employees will instantly tense up and begin to scroll through all the negatives in their heads. The only bright spot that may come to mind is the hope that the performance review results may lead to a bump in pay. One reason employees fear the review may be that they don’t know what to expect from the process. In order for you, the employer, and the employee to gain the most out of the review process, you’ll want to ensure they are relaxed and eager to participate. Here are a few tips to pass along to your team before a performance review:

It’s not just about the paperwork – Even though performance evaluations usually involve a certain amount of forms and documentation, these do not make up the entirety of the process. While paperwork has its place, remind employees that its not the point of the exercise.

Come prepared to participate – A performance review shouldn’t be a one-way conversation. At the very least, employees should gather their perspectives on their position and accomplishments and be prepared to discuss them with their supervisor. Preparation should include reviewing their job description, identifying significant achievements, and examining what may be preventing them from doing their best work.

Don’t save up issues – Your team should be talking to their supervisors all the time so everyone is consistently on the same page. If they only air complaints and/or ideas during the yearly performance review, a lot of time could be wasted in between. If you keep the lines of communication open throughout the year, there shouldn’t be any surprises when it comes time for a review.

Take an active role – An evaluation should be a healthy give-and-take session, sharing ideas and opinions freely. Employees should ask questions and take responsibility for understanding what you have to say.