Posted by: Mary Ann Passi on Monday, November 28, 2011 at 12:00:00 am
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.
What are
you seeing happening in your market(s)? What
are the relocation policies impacting your company most? Comment here or share your
experiences at Twitter, Facebook or LinkedIn!