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Monthly Archives: March 2015

Does Your International Relocation Policy Address Culture Shock?

One of the greatest challenges that transferees face during an international relocation or assignment is the culture shock. A change in culture has a major impact on nearly every aspect of a person’s life including both professional and personal. It’s important that your international relocation policy provides proper training to help assignees adjust to local customs and ensure success in both the position and the relocation as a whole.

Relocation Managers Reconsider Household Moving Benefits

As we gear up for the busy summer season (yes, it is around the corner), we want to take some time to talk about moving household goods. Companies have, for a long time, been giving some of their employees (especially entry-level employees) lump sums for their household goods move. While lump sum serve their purpose in the broader context of a relocation policy, we have noticed that more relocation managers are reconsidering this thought process and returning to a direct-billing approach. They are doing this to provide a better relocation experience, mitigate risk and save in tax implications.

No More HUD-1? It’s Time to Review Your Relocation Policies

This week, we want to take some time to alert our readers of an upcoming document change that will be affecting transferees who sell (and buy) a home as part of the relocation process. Effective August 1, 2015, all lenders will be required to use the Closing Disclosure Form.  This form replaces the HUD-1 that has been used for home sale and home purchase lending transactions.  If any of your relocation policies reference the HUD-1, the wording should be changed to the Closing Disclosure Form.

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.

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MIKE CANNING
VP, Client Services

RICK CALANNI
VP of Business Development Northeast Region

 

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