Outsourcing Employee Relocation Saves Valuable Time and Money
Outsourcing the relocation function to a relocation company streamlines the process and frees time for other HR tasks.
Outsourcing the relocation function to a relocation company streamlines the process and frees time for other HR tasks.
TRC Global discusses the 2014 Worldwide ERC® (Employee Relocation Council) survey, which reported that U.S. companies experienced a 10 percent increase in domestic employee transfer volume
Just a little over a decade ago, traditional three- to five-year expatriate assignments were plum positions afforded to up-and-coming long-term […]
If the real estate crash taught us anything, it’s that the old rules don’t work anymore, especially for those […]
Relocating, no matter the distance, is stressful for everyone, including your pets. “How to safely move pets is a question […]
National and state marriage laws can present significant obstacles in relocating same-sex couples.
While the look of a family may no longer be “traditional”, the balancing act facing families is unchanged, with concerns ranging from child and elder care to spouse employment. Take a closer look at the issues affecting domestic transferees and their families.
In the domestic relocation services industry, some transferees cannot sell their departure home and end up renting it out and finding a rental property at the destination. Others expect their time at the destination to be limited. Still others may have been spooked by the volatile housing market in general.
One of the things we’ve seen time and time again in our business is that the best relocation policies reflect current realities of the real estate market, with aggressive home marketing assistance programs and incentives to employees to price their homes realistically.
With the real estate market declining transferees are finding that their homes are selling for mush less than what they originally paid.
Tax assistance benefits cost an average 55-60 cents for every dollar of taxable relocation expense. In other words, a $10,000 lump sum payment could result in $5,500 to $6,000 of tax assistance costs.
Tax assistance is an expensive and sometimes hidden cost of corporate relocation programs. In fact, it’s the third most expensive benefit in a relocation program, on average, after home sale and household goods.