Relocation News and Trends

Companies focus their relocation policies on employee needs, of course, but it is no surprise that the needs of spouses, partners, children, and pets should also be considered during the moving process. By offering the right set of destination and ancillary services, you can ensure a successful arrival and acclimation to the new community for the employee and their accompanying family members. NuCompass Vice President of Global Operations, Lorrie Kaiser, suggests that in addition to standard Destination and Settling-In Services, Spouse/Partner Assistance, Cross-Cultural Training, and Language Training are important areas to consider when transferring an employee to a new area.

When a company reaches a milestone like its 58^th Anniversary, there is good reason to celebrate. After all, many companies established in the 1960s no longer exist! As we celebrate, we’ve taken a moment to reflect on our ability to grow and evolve over these six decades – we’ve definitely seen it all!

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 a focus on recruiting and retaining talent are now considering mortgage assistance options for relocating employees.

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 contracted rates and are able to protect corporate clients and their transferees from many of these rate increases.