Gerson Relocation takes a look at New York City and how companies can prepare for international assignments. Discover what you should be doing when moving assignees to the third largest city in the Americas.
Ties between the UK and the American capital of commerce, New York City, are strong. As a result, many British workers get work assignments in the Big Apple.
It is important to note, though, that as with any international assignment, true success is all about integration. When moving staff abroad, it pays to support quick local adaptation. Employees that are not prepared for a move to the US may fail to adjust to their new workplace and request a move back home.
We’ve put together this advice for those managing overseas corporate relocations from the UK to NYC.
Cost of Living and Property
New York City is an expensive place to live. According to the Economist’s Cost of living Index, New York is the ninth most expensive city to live in worldwide. Almost everything in New York City costs more than it would elsewhere in the world, including food, transport, and property.
Rental or homeownership prices are likely to be an assignee’s biggest concern when it comes to finances. As with any large city, though, property prices all depend on the area in which you decide to inhabit. It’s getting very tough to find a two-bedroom apartment in Manhattan for less than $2,500 per month.
The closest comparison of living costs in the UK is London, but New York City is still more expensive than the British capital. Assignees should prepare for increased costs for accommodation and healthcare. But, transport and services can often be more affordable in New York, which can make life more convenient. Offering budgetary advice before and during the assignment can help prevent financial problems.
Safety in New York City
In recent years, New York City has become one of the safest cities in the world, with low incidences of violent or serious crimes.
Still, in a city with over eight million inhabitants, petty crime is still an issue. Living in New York means you need to keep your wits about you to avoid scams and pickpockets. This is unfortunately typical for any large city with high tourism rates.
Being victims of crime can leave employees in an unsettled position and also affect their ability to work. Education and tips on how to avoid crimes and scams in New York can minimise this kind of disruption.
Insurance When Moving to New York From the UK
America is renowned for its private healthcare. British citizens moving to New York will not have free, at the point of service healthcare by default. Employees moving to New York often expect help with the costs of healthcare. It is essential that including coverage or information on healthcare coverage is including in any communication with your employees.
Work Culture and Customs
The culture of New York City itself is very much work-centric. A city engulfed by commerce, New Yorkers work 49 hours per week on average (including commuting). This may come as a shock to the system for the average Londoner, who works 33 hours per week according to the Office for National Statistics.
Corporations should prepare assignees for cultural differences. It’s almost impossible to explain the differences between work cultures in a sentence, but one could say that Londoners work to live while New Yorkers live to work. Arrange meetings with clients and colleagues already operating in New York; people with first-hand experience can help new arrivals to acclimatise.
Transport and Navigation
While owning a car can be nightmarish in both London and New York, the Subway is both cheaper and more convenient than the Underground. With New York taxis also being cheaper than taking a Black Cab, transport is one place where New York actually ends up being cheaper.
Prepare your assignee for travel around New York City with a couple of tips for using the city’s subways and streets. This will reduce moving stress, but also ensure they aren’t losing working hours to arduous commutes.
Moving to New York from the UK? The Gerson Relocation team are expert international relocation specialists with decades of experience. Get in touch to hear about our bespoke services.