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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 […]

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 […]

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 […]

There are a variety of funding options available for corporate relocation programs, and it’s important to evaluate several key factors when setting up your program. Relocation requires specialized funding and payment methods, and corporate clients should understand their funding options, especially when creating or evaluating a Request for Proposal (RFP) for relocation or global mobility […]

Relocation and Fintech: Article by Stephen Chen and Douglas Fritz NuCompass team members, Stephen Chen and Douglas Fritz, came away from the Money 20/20 Fintech conference with a wealth of information and insights about digital evolution and financial technologies. In a recent article, Chen and Fritz highlighted five key takeaways from the event: 1. A […]

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 […]

Understanding the true cost of exceptions can help you manage your bottom line costs for your relocation program. In a NuCompass survey, corporations were asked to identify the three biggest challenges in their job related to employee mobility, and the answers were: cost management, exception management, and ensuring a competitive mobility program. Clearly, cost management, […]

Developing a Request for Proposal (RFP) for relocation services is not an easy task, particularly if your Procurement Department has limited experience in relocation. The relocation industry can seem complicated in terms of Relocation Management Company (RMC) structure, revenue streams, technology innovation, supplier relationships, office locations, and service capabilities. The following are key areas to […]

As the coronavirus epidemic in China continues to escalate, there may be an impact on global mobility and relocation activities. International assignees may be affected by travel bans, evacuation, or delays in household goods shipments. While there are ongoing uncertainties with the epidemic situation, the current issues include travel restrictions caused by temporary closure of […]

In the ongoing efforts to limit the spread of the coronavirus, many countries have issued restrictions and quarantines, especially as new cases continue to be confirmed outside of China. Relocation activities remain severely restricted in China, and the full effect on global mobility remains to be seen. Factors that may impact mobility include postponed airfreight […]