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Millennials

Millennials and the Housing Market

I started looking into buying a home when I realized that I was paying in rent for a two-bedroom apartment more than I would pay in a mortgage for a three-bedroom house with a yard in a better neighborhood! A few people told millennials and the housing marketme that I was perhaps a little too young to buy a home. I am an infamous millennial and recent trends have shown that adults my age have been putting off home ownership. But times are changing (again). In fact, research from Zillow shows that millennials are actually driving and diversifying the housing market across the nation.

Relocation Policies Across the Generations

I’ve written about Millennials and menu programs in the past and, as a team, we have certainly covered the generations in our EBooks. But, the discussion is important. As we all know, the makeup of the average assignee/transferee pool continues to change with the progression of the Millennials into the ranks and the exit of the Baby Boomers. For the first time ever, we have four generations working together – and that’s diversity that people rarely think about in the grand scheme of the diversity conversation.

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.

Three Must Have Rental Assistance Benefits

Historically, relocation packages have focused on homeowners. However, since the economic downturn has made renting more popular, there are more transferees renting today. Further, we know that most Millennials are not yet buying homes for various reasons. For one, tight mortgage restrictions, a difficult job market and rising home prices has made home buying seem unattainable. Also, younger generations are enjoying the flexibility of renting, especially as rentals are now being built with great amenities.  Will this trend continue? It’s hard to say. At some point, the Millennials will dominate the workforce and should have the financial means to start buying. When that happens, there will be a substantial uptick in the market as the Millennial generation is as big as the Baby Boomer generation. For now, however, we expect to see the rental trend continue.

Spouses Relocate Too

A 2013 survey done by LearnVest and Chase Blueprint® tells us that 60 percent of American families believe that a dual income is necessary in order to afford their desired lifestyle. Fifty-nine percent of millennial women believe that living together with their significant other is a legitimate lifestyle and that raising a family in such lifestyle, even without marriage, is perfectly suitable. What does this mean for relocation? It means that companies need to start paying more attention to their spousal assistance benefits.

Next Gen Interview: Where is the Relocation Industry Headed?

Several years ago at an annual Worldwide ERC Conference I met Aurora Hughes. She is such an interesting young woman who has been in and around the relocation industry her entire life. She is filled with enthusiasm about relocation, so  she was one of the first people who came to my mind when I thought about writing a post about what the up and coming generation of leaders think about the future.

Millennials are the New Gen X

Before you roll your eyes at yet another Millennials in the workplace post, give me a chance to explain why this one is different. After spending my entire career (thus far) reading about how my generation is a pain to work with and how HR needs to change company policies to accommodate us, I started wondering if all this drama is necessary. Or, is it really just history repeating itself?

What Happens When Water Cooler Talk Hits the Web?

Hey everyone. A few weeks ago, I was giving the awesome opportunity to write a post on social media management for Software Advice. The original article ran two weeks ago on New Talent Times and now I get to share it here. Without further ado…

According to a recent article published in the Wall Street Journal, companies can expect more workers to share confidential information with one another, including salaries and other benefits. Millennials, the generation that grew up with social media and personal transparency (read: oversharing) are leading the trend, which presents a new challenge to HR departments that have historically kept sensitive information under wraps.

This got me thinking: if younger employees are sharing personal information and are active on social media, what happens when the water cooler conversation goes viral? HR departments need to be prepared to take certain steps when sensitive information hits the web.

20 Fun Facts about Relocating Millennials (Free eBook)

20 Fun Facts about Relocating MillennialsThere’s been a lot of talk about Millennials lately. Maybe it’s because we are right in the middle of grad season, but it seems that the conversation about Millennials is everywhere. And it hasn’t been very flattering.

Surely, we’ve all heard the stereotypes. Millennials are coddled. We need constant feedback. We have the attention span of goldfish and the work ethic of a sloth. Every one of us has a shelf full of trophies we received for doing nothing and most of us majored in underwater basket weaving. Some of us still live in our parents’ basements. None of us are capable of functioning in a society of adults.

Airbnb for Home Finding Tips? It May Not be as Quirky as it Sounds

Air BnB for Home Finding TripsThe home finding trip is essential in your transferee’s search for a new home at destination. They need to be armed with plenty of information and resources to ensure they select a home that will work them and/or the whole family. Since the whole home marketing and home finding process can take such a big toll on transferees, why not present them with options that turn the home finding aspect into something desirable and fun?  

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RICK CALANNI
VP of Business Development Northeast Region

 

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