Posts about Industry Trends

Industry Trends
January 7, 2024 Blog

Shifting Tides of Immigration: 2023 Recap and 2024 Insights

As the curtains fall on 2023, marked by unprecedented challenges and transformative changes in the landscape of immigration, companies must reflect on the pivotal moments to make informed strategic decisions in 2024. According to Boundless Immigration (BI), the business immigration landscape underwent significant shifts, spotlighting several key issues last year: 2024 Changes and Initiatives As […]
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Industry Trends
July 7, 2023

Immigration Today

As society continues to embrace globalization, immigration has become a complex issue that is faced by many companies when relocating employees. Delays in visa applications and immigration compliance continue to shift as technology changes and better tracking systems become available. Relocation Management Companies (RMCs) work closely with their immigration partners to stay abreast of complicated […]
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Industry Trends
April 7, 2023 Blog

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 […]
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Industry Trends
January 7, 2023

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 […]
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Industry Trends
December 7, 2022 Blog

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 […]
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Industry Trends
July 9, 2022

It’s Peak Season for Relocation

Peak Season for relocation activity occurs between Memorial Day and Labor Day. Each year, we prepare through capacity planning with our van line supplier partners for all core services. So, what do we expect for this summer? Both cost and activity are likely to rise. For US domestic moves, approximately 35% of all home sales […]
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Industry Trends
July 8, 2022

Presidential Proclamation 10014 and Impact on Relocation

On June 22, 2020, in response to the pandemic’s economic impact, President Trump issued a proclamation that suspended the entry of new H-1B and H-2B, L-1A and L-1B, and J-1 nonimmigrants and their spouses and children, with limited exceptions. The proclamation took effect on June 24 and will expire on December 31, 2020. The proclamation extends […]
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Industry Trends
July 7, 2022

Global Mobility Is Getting Easier in 2022

Despite the pandemic, global mobility seems to be getting much easier. An analysis by the Boston Consulting Group concluded that now it is simpler than ever for skilled talent to move abroad and relocate wherever they want. For companies speeding out of the COVID-19 economic crisis, having access to skilled workers has become a critical […]
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Events
July 7, 2022 Blog

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 […]
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Industry Trends
July 7, 2022

Industry Trends: Household Goods

As we launch into 2023, it is important to review key relocation data from the prior year in order to make informed decisions. Earlier this month, we reviewed the top trends for housing, which had been largely affected by the economy. Now, let’s take a look at the top three trends in household goods, which […]
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