Relocation News and Trends
NuCompass keeps you up to date with the latest relocation trends and mobility news.
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Alphabet Soup: Relocation Acronym Glossary
Do you know the difference between a BVO and an AVS? What is the APR on an ARM? Do you have your CRP or GMS? If you’re new to the relocation industry or focused on one specialty area, all these acronyms may seem like alphabet soup to you. Every industry has buzzwords and acronyms—and the relocation industry is no exception. So, while the following list of acronyms certainly isn’t all-inclusive, it can help you start “talking the talk” in the relocation industry.
USCIS Reinstates Interviews for Green-Card Applicants
The United States Citizenship and Immigration Services (USCIS) has announced a change in immigration requirements, which will likely result in delays in green card processing. In October, USCIS will require all Form I-485 applicants to be interviewed prior to approval of their application and green cards being issued.
Port Delays in Germany
NuCompass has been advised by our household goods providers that all ports in Germany are currently experiencing severe congestion. This can affect international relocation shipments because delays are impacting every aspect of the transportation supply chain. This includes unloading steamship lines, timely customs clearance, and delays in final delivery.
What is the impact to international relocation?
Hurricane Harvey's Potential Impact on Relocation
Hurricane Harvey is expected to hit the Texas and Louisiana coast beginning late on Friday, August 25, 2017, and it may impact relocation activities in the area.
Change of Policy for Advance Parole Travel Documents
We have received an update from one of our immigration providers, Pearl Law Group, regarding a change in practices by USCIS. This change is in regards to denials of I-131 Advance Parole applications, when an applicant has traveled outside the US while the application is pending. There is not a published change in regulation or a new policy; it appears to be a change in enforcement by USCIS, which the USCIS holds is consistent with the existing policy.
Move Over Millennials - Gen Z is Here
With all the talk over Millennials, Generation Z is hardly getting noticed, but employers need to be prepared as this generation (born 1995-2012) is just beginning to enter the workforce – all 73 million of them!
$200 Discount on HR Tech Registration
You can save an extra $200 off the registration fee at the HR Tech Conference - courtesy of CoPilot by NuCompass!
Where are the Millennial Real Estate Agents?
One of the requirements for NuCompass Connect real estate agents is to have a minimum of three years of experience in tax-protected home sale transactions. This ensures our agents are experienced in relocation real estate transactions. As baby boomers begin to retire, though, there has been a decline in experienced real estate agents.
Government Affairs Community Update
The latest issue of the Worldwide ERC® (WERC) Government Affairs Community Update addresses several topics, with Tax Reform the leading discussion point. WERC advises that progress on tax reform has slowed while the Senate remains focused on health care. There are no drafts of legislative language that would indicate specifics of a new tax plan, and there are conflicting reports as to the expected timing for a unified plan to be available. Hearings are continuing in advance of the expected August recess.
Will the Partial Travel Ban Affect Employee Relocation?
The Supreme Court delivered a mixed ruling on Monday, June 26, 2017, that allows President Trump to implement the travel ban against six countries — Iran, Libya, Somalia, Sudan, Syria and Yemen — but only for travelers with no "bona fide" relationship to the U.S. Those that have established ties will be allowed to continue entering the country, and the justices provided examples of who may enter the country, including when a U.S. business has given a job to a worker from one of the targeted countries.