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How Much Do You Know About Relocation?

Exceptions, or expenses that were not originally intended, can impact your company’s annual relocation spend. What's the average amount spent on exceptions in a typical relocation program?

That’s right!Sorry, you’re incorrect! The average amount spent on exceptions is typically 12.5%.*

If your company is spending more than 5% of its total relocation spend on exceptions, it’s time to take a look at your program.

*Results based on a recent NuCompass study conducted to investigate the effect of exception spend on total program costs.


Latest Blog Posts

IRS Clarifies Status of 2018 Reimbursements for 2017 Moves

As part of the Tax Cuts and Jobs Act (which became effective on January 1, 2018 and runs through December 31, 2025), the costs associated with household goods moves and final travel to the new location were no longer excludable/deductible from employee income. After the new rules took effect, there remained a question regarding how to treat payments made in 2018 for costs incurred in 2017.

US Home Sale Alert: Crumbling Foundations

The issue of “Crumbling Foundations” was known to affect a small portion of northern Connecticut, but has become evident in other parts of that state and now in southern Massachusetts. Below is a brief overview of the issue and the steps NuCompass recommends taking to minimize home sale risks.
 

Upcoming 2019 Worldwide ERC Conference

The 2019 Worldwide ERC Americas Mobility Conference will be held this year in Atlanta, GA from May 8th – 10th.

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Grant Thornton

United Airlines

Mercedes Benz

Oncor

Daimler

Lennox

Veritiv