The Pitfalls of Lump Sum Payments
Lump sum programs for relocating employees have continued to gain in popularity over the last few years. On the surface, lump sums seem like a simple solution because they are easy to administer, provide a known budget for the company, and offer flexibility to the employee. However, these programs also have issues that can negatively […]
Strategies for Optimizing Your Intern Relocation Program
Internship programs are a cornerstone of talent development for many organizations, with 72% of interns being offered full-time positions after their internship, according to Forbes. These programs offer a unique opportunity to attract and nurture emerging talent while infusing fresh perspectives into the workforce. However, when it comes to getting interns to the right work […]
Willingness to Relocate: Impact of Age and Professional Background
In an ever-evolving global landscape, the willingness to relocate for professional opportunities has become a defining factor in career trajectories as well as a critical consideration for talent-seeking companies. Recent insights from a comprehensive survey conducted by the Boston Consulting Group (BCG) , in conjunction with The Network and the Stepstone Group, shed light on […]
The Role of Relocation in Talent Acquisition and Retention
In today’s competitive job market, attracting and retaining top talent requires more than just a competitive salary. A comprehensive relocation program can be a pivotal tool in not only enticing first-choice candidates but also ensuring their long-term retention. Here’s how a robust relocation strategy can enhance your talent acquisition and retention efforts. Increase Acceptance Rate […]
Industry Trends: Mortgage Forecast
As inflation has grown, mortgage interest rates have been steadily increasing. The mortgage payment for the same price house (median $428,000) is almost $1,000 more this year compared to last year. This rise in interest rates can impact an employee’s decision to accept a job transfer to a new city. As a result, corporations with […]
Data Security and RMCs
In 2023, it is clear that data security and privacy are a crucial part of any business landscape. While there are many choices when selecting software or security options, there are core concepts that are needed across all companies and their vendors. When choosing a Relocation Management Company (RMC), there are four tips to consider in […]
TRENDS: Auto Shipping Forecast
In addition to shipping household goods, many relocating employees need to ship a vehicle to their new location. In the US contiguous states, autos are typically shipped via transit trucks, which makes the industry susceptible to economic shifts, such as higher gas prices. Relocation Management Companies, like NuCompass, work directly with vetted auto shippers at […]
Industry Trends: Housing
As we look at the latest trends in housing and temporary living, we find that many companies are planning for continued improvements in their relocation programs and are optimistic for the new year. Here are some of the key findings in 2022: Looking Ahead to 2023As we enter 2023, the Federal Reserve has made it clear […]
Customer Service in Today’s Environment
Throughout our 50 years in business, NuCompass has learned that communication with transferring employees is the most crucial aspect of our customer service process. This begins in the first conversations with transferees by outlining all policy components, setting expectations, providing realistic timeframes. Invariably, challenges occur during the course of a move, and the high-touch customer […]
