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:
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.
employer has given employees the option of declining home sale assistance in the
origin location and applying that savings elsewhere.
policies are being tiered and accommodating renter status.
companies are “grandfathering” homeowner status (for potential future moves) for
homeowner transferees who become renters in the new location.
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!