Relo Policies – They Are A’Changing

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!

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