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Top 10 Predictions for the Relocation Industry in 2015

It’s time for a fresh look at the relocation industry, don’t you think?

The first quarter of every year, relocation managers, whether they be on the client side or the service side, should take the time to assess the previous year and consider what’s in store for the future. This is especially important as we are living in a constantly shifting world. Whether it’s pockets of volatility in the housing market, terrorism abroad or an uncertain regulatory environment, we are under a considerable amount of pressure to identify growing trends and react to them.

How to Identify the Best Candidates for a Relocation

Are you new to relocation? If you’ve found yourself sitting in the relocation hot spot recently, then you may find yourself overwhelmed with the many tasks and responsibilities associated with moving stressed-out families. We often talk about transferee relations and the transferee experience, including the challenges the moving families face, but we also know that it’s no easy feat for human resources to identify appropriate transferees and then move them seamlessly. One of the biggest questions we get from clients new to relocation is, in fact, how do I know who I should select to move? And, then, the inevitable, how do I avoid a failed relocation?

Relocation Tax Reporting for Transferees

Just as you are working through the tax filing process in HR, Payroll and Finance, so are your transferees.. That means it’s a good time to remind your transferees about some of the tax deductions they may be eligible for due to their relocation. This is especially helpful for first-time transferees or last year’s college grads who may have limited experience with relocation and/or filing taxes in general. While you can offer your transferee some basic advice, it’s still important that they speak to their accountant, tax consultant, or relocation provider to ensure they are filing correctly and meeting all requirements.

Key Performance Indicators for Relocation Programs

Not long ago, we released a whitepaper titled, “How to Talk to Your CFO about Relocation.” One of the things we stressed in the piece was the important of honesty – especially when it comes to home inventory costs and risks. We also stressed that strategic HR and relocation managers should be ready to talk numbers. It’s easy to shy away from providing cost estimates to your CFO because you either don’t have them or you don’t want to dissuade buy-in due the expense. This tactic, however, is a sure fire way to breed mistrust. Most CFOs do not want surprises.

Who Uses Social Media, Anyway?

A week or so ago, my colleague and fellow blogger Laura Matrisciano was interviewed by Michelle Sandlin of the Houston Chronicle for an article about social media and relocation. Now, anyone who knows me knows that I believe strongly in social media as a communications tool and I was thrilled that Laura had the opportunity to discuss how relocation has changed as a result of new technologies. Plus, Laura rocks it on LinkedIn and Twitter.

Is Your Transferee Still Underwater?

A month ago, we released an EBook all about Generation X. While we discussed several of the traits and values of this generation, we also covered some of the specific challenges Gen X may have when it comes to relocation. One of the points that stuck out most to me was the fact that Gen X took the brunt of the economic downturn on the chin and, today, they are still working to stand back up. Most of Gen X angst has to do with the housing market so, today, I wanted to share some information about what to do if your Gen X transferee is still underwater on their home.   

Six Important Practices for Inpat Relocations

In case you missed it, last week the Wall Street Journal ran an article titled, “Companies Tiptoe Back Towards Made in the U.S.A,” that discussed how some companies are reconsidering the U.S. as a manufacturing hub for their products. I must admit, I was smiling to myself as I read the piece. Ever the patriot, I would personally love to see more Made in America labels. Today, finding American-made products can be too great a challenge for a country that was built on a manufacturing platform.

2014 Worldwide ERC Transfer Volume and Cost Survey

Every year, as you know, we like to take a look at the Worldwide ERC Transfer Volume and Cost Survey to identify relocation industry trends. We always write about some of the important highlights and, this year, we are excited because the numbers are optimistic.  We are also optimistic here at XONEX – we are excited for 2015 – and we feel that these trends are consistent with what we have been seeing here. Even though the survey collects data that is a year old (despite being a forecast) – this year’s data is from 2013 – I think it’s still relevant and interesting. Also, now that we are in 2015, we can see how close the survey actually was to reality (feel free to weigh in on the comments section.   Further, survey respondents include a broad range of respondents representing approximately 23 different industries including retail, manufacturing, insurance and more.

Is it all Doom and Gloom for the 2015 Housing Market?

Last week, we read (and shared) and article by Chicago Agent Magazine titled, “3 Important Trends to follow for the 2015 Housing Market.” I think the article raised some good points – namely, that the rise in home prices will slow down a bit and the rental market will continue to flourish. But, after reading this article, you may find yourself a bit depressed.

Happy Holidays from XONEX Relocation

Trees are up, candles are lit and lights are flickering about town. It’s that time of year again.

From all of us at XONEX Relocation, we wish you all a very happy holiday season and a fantastic New Year! 

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