RSS icon

Top Stories

DEAR WORKFORCE

How Is Worry About Home Mortgages Affecting Employee Relocation?

How is the mortgage crisis affecting corporate relocation policies? —No Movement, manager, retail, Fond du Lac, Wisconsin
January 17, 2012
Recommend (0) Comments (0) ASK A QUESTION
Related Topics: Relocation Services, Global Relocation, Expatriate Management, Relocation Management, Dear Workforce, Staffing Management
Reprints

Dear No Movement:

People are definitely more and more reluctant to relocate. This is reflective more of the housing market than anything else. Most companies do not have the comprehensive relocation packages of years past, and are less likely to buy the house of a relocating employee.

Companies have had to cut back on benefits to the point that relocation packages are shrinking rather than growing. There is also an issue with the current workforce, in that more and more people want to choose where to live, rather than relocate simply because their company desires it.

Overall, companies and candidates are very far apart on needs and expectations on this issue, and don't appear to be coming together.

SOURCE: Kathy Breitenbucher, managing partner, The Pedestal Group, Medina, Ohio

LEARN MORE: Some companies are offering finance classes to help employees cope with financial anxiety.

The information contained in this article is intended to provide useful information on the topic covered, but should not be construed as legal advice or a legal opinion. Also remember that state laws may differ from the federal law.

ASK A QUESTION

 The information contained in this article is intended to provide useful information on the topic covered, but should not be construed as legal advice or a legal opinion. Also remember that state laws may differ from the federal law.

If you have any questions or concerns about Workforce.com, please email customerservice@workforce.com or call 312-676-9900.

The Workforce fax number is 312-676-9901.

Sign up for Dear Workforce e-newsletters!

Comments