With the summer upon us, the strongest time of year to sell homes in many U.S. markets is here. School is out, and many of your employees are likely choosing to sell their homes now so that they can move before the start of the new school year. However, there are some pitfalls to be aware of that could delay your employees’ relocations. Make sure you’re paying attention to these areas:global mobility employee relocation home sale US domestic
Chances are, you’ve had a relocating employee in the U.S. whose home sale or purchase involved a Federal Housing Administration (FHA) loan. If not, the potential for it is great. You may not know what makes that type of loan different from a conventional loan, which could lead to some headaches for you and your employee. Being aware and prepared for those differences could save both of you time and energy.home mortgages relocating employees employee relocation home purchase home sale US domestic FHA
Do you have time to pay attention to the news in every region of the world where your business could be affected? Have you thought about how all of these world events could specifically impact your global mobility program?global mobility apac global mobility trends US domestic emea global mobility americas global mobility UK domestic
Most homeowners in the U.S. are aware that if they live in a designated flood plain, they are likely required to purchase flood insurance. But do your transferring employees know that even if they don’t live in a flood plain, they may be required to purchase a flood insurance policy? Renters may also benefit from purchasing a flood insurance policy to protect their household contents. Because relocation policies do not often advise employees to consider purchasing flood insurance, the following information will prove useful to your transferring employees to encourage them to be properly insured in the event a flood damages their homes.homesale US domestic insurance
For relocating employees who are buying or selling a house within in the U.S., there’s another challenge they may face. We’ve been hearing about the challenges presented by composition board siding and exterior insulation and finish systems (commonly referred to as EIFS) for years. At the least, moisture issues can exist; at the worst, mold and structural deterioration of a house can occur due to improper installation.
Now, homeowners are encountering similar moisture and structural concerns with another siding material: stone veneer. Keep reading to make sure you’re in the know and able to help prevent any issues that may pop up for your relocating employees.employee relocation home sale US domestic
Internships are a great way to introduce new talent to your company, and if you’re doing it right, to create loyal future full-time employees. Just as finding the best and brightest talent can be a challenge, it’s not always easy to recruit the interns you need. Are you leveraging your relocation benefits to help?employee relocation US domestic relocation policies interns internship programs
23 Trends Global Mobility Managers Need to Know
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One of your top priorities is attaining and keeping your company's biggest assets - your employees. While there are numerous factors to consider in pursuing this goal, your relocation policy is one of the essentials. Global mobility is ever-changing to reflect what's going on in the world, and you must take these changes into account to stay on top.relocation global mobility global mobility resources US domestic dual-career assistance
Your company is opening a new location on the opposite side of the country, and good leadership is needed to get that branch up and running. How will your team accomplish this? Many companies are choosing to send current talent to the new location on a temporary basis. Short-term assignments may be the best option – you can leverage your employee’s knowledge to hire and train local talent without permanently uprooting his or her family. If all factors add up, including cost and alignment with your business plan, a short-term assignment could be your company’s best bet.