There’s still time to add your voice to one of the industry’s premiere indicator of workforce mobility trends and best practices: Weichert’s annual mobility survey.
This year’s results will provide deep insight on such timely topics as domestic temporary assignments, flexible policies, capped programs and talent management, making it vital information for benchmarking your program against peer organizations and building a more competitive policy. By participating in our confidential survey, you’ll receive an advance copy of our findings.
We think it’s a valuable exercise for you and your company but don’t just take our word for it–check this video from our Director of Consulting:
In the latest episode of our “Ask the Relocation Expert” series, Weichert Relocation Resources’ Manager of Consulting Services, Jennifer Connell, tackles a question regarding lump sums and their associated challenges and advantages. You’ll learn the red flags involved with lump sums, whether or not a “magic number” lump sum amount exists, and the employee demographics that lump sums are best suited for–all in the amount of time it would take you to watch a couple music videos by Wham! or Simple Minds or one of those other ’80s bands you used to think were so awesome.
Got a question for one of our experts? Send it to us here.
Many employees who have been relocated within the past several years may now find themselves “under water” — or owing more on their mortgages than their homes are currently worth. This can not only render them unable to refinance, but can also bring stress and financial concerns that can undermine productivity.
The new Home Affordable Refinance Program, or HARP 2.0, seeks to address part of this problem by removing loan-to-value ratio restrictions entirely so that under water home owners can take advantage of historically low rates. The program will also encourage homeowners to take on shorter amortization loans so that they build equity faster and pay less over the life of the loan.
Needless to say, the program could be valuable not only to employees who have relocated within the past 3-5 years but non-mobile employees as well.
Many details are still being fine-tuned but in this episode of “Ask the Relocation Experts,” Vince Carida, SVP of Weichert Financial Services, offers a brief overview of the program and what it means to your home-owning employees.
Worldwide ERC estimates the average cost of relocating a current employee homeowner to be approximately $90,081. So what are you doing to protect that investment? In the inuagural episode of “Ask the Relocation Expert,” WRRI’s Manager of Consulting Services discusses pre-decision services and payback agreements–two tools that today’s HR and corporate relocation managers can use to preserve mobility ROI.