Relo Policies – They Are A’Changing
USAC industry representatives at the Global Workforce Symposium discussed: How is today’s mortgage/real estate situation affecting relocation process and company policies? Here’s what they said:
- One employer, who moves a segment of his employee population every 5 years, is experiencing high loss‐on‐sale costs (moves high level employees). Company is making exception to loss on sale cap but takes into account the employee’s buying power of a comparable home at new location when determining amount of loss on sale payment.
- Another employer has given employees the option of declining home sale assistance in the origin location and applying that savings elsewhere.
- More policies are being tiered and accommodating renter status.
- Some companies are “grandfathering” homeowner status (for potential future moves) for homeowner transferees who become renters in the new location.