Relocation News and Trends
NuCompass keeps you up to date with the latest relocation trends and mobility news.
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SURVEY RESULTS: Impact of COVID-19 on Workforce Mobility
NuCompass recently conducted a Flash Survey to identify the business and economic impacts of COVID-19 and highlight the implications for global mobility. The survey results are now available: FLASH SURVEY RESULTS.
The business community across the globe is experiencing extraordinary, unprecedented impacts resulting from the global COVID-19 pandemic. The impact is not limited to normal business activities, as it is also having a significant effect on global mobility events and activities.
National Disaster Declaration & Impact on Mobility
The recent national disaster declaration by President Trump triggered provisions of IRS code 139, which allows employers to make disaster relief payments tax-free. This may impact certain relocation expenses that may be considered non-taxable.
Enhanced Services as Moving Restrictions Ease
As the country begins to ease restrictions pertaining to COVID-19, we know that things will look different. In some cases, very different.
Worldwide ERC® Advocates on Paycheck Protection Program
Worldwide ERC is working to address the impact of COVID-19 on its membership group. While containment efforts are necessary, the governmental restrictions related to the coronavirus have impacted the ability of corporations to relocate employees, which has had a significant effect on relocation management companies, household goods movers, and other industry service providers.
NuCompass Names Marron as CEO
We are pleased to announce that Dave Marron has been named CEO, effective April 1, 2020. This transition has been in the works for over a year. As a result, Marron is highly qualified to continue the company’s 50+ years of industry success, and importantly, well prepared to lead the company through the current COVID-19 crisis. Long term, Marron will focus on company growth based on valuable and lasting partnerships with corporate clients.
COVID-19 Relief Bill and Relocation Alert
As we are all adapting to the changes the COVID-19 pandemic has brought, we want to continue providing information that may impact your relocating employees.
On March 27, 2020, the President signed into law a massive coronavirus relief package. A key component of the package provides U.S. individual taxpayers with a relief payment. Full payments are limited to individuals with adjusted gross income of less than $75,000 and married couples with adjusted gross income less than $150,000.
COVID-19 Operational & Supplier Updates
The effects of the pandemic on global mobility service is ever-changing. As noted previously, our Supplier Management Team is actively working with our supplier partners to ensure continuity of services, safety of all parties, and transparency of information. Our team is continually compiling data related to all services in each country to ensure that our Consultants have the most current information available to provide the necessary support and assistance to families that you have entrusted to our care. Below is current information:
COVID-19 Operational Updates
For most of us, the recent spread of COVID-19 has changed the way we live, work, and interact with others. Now more than ever, community is vital to our everyday lives, as both a company and a society. Here’s a quick look at some of the ways we’re doing our part to provide the best possible service for you and your transferring employees and their families:
NuCompass Ranked on HRO Today Baker’s Dozen for Ninth Consecutive Year
We are pleased to announce that NuCompass Mobility has again been recognized in the HRO Today’s Baker’s Dozen Customer Satisfaction Survey for Relocation – for the ninth consecutive year!
Coronavirus, EU Travel Ban, and Global Mobility
With continued concerns related to the COVID-19 virus and the new travel ban put in place by President Trump on March 11, 2020, the following areas may have an impact on your employee mobility programs: