Relocation News and Trends
NuCompass keeps you up to date with the latest relocation trends and mobility news.
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Expert Spotlight: Focus on CoPilot Express™
NuCompass’ Latest Technology Innovation
Welcome back to our Expert Spotlight where we chat with our subject matter experts about everything relocation. Today, we’ll take a deep dive into CoPilot Express™, NuCompass’ new relocation platform that is reshaping the world of lump sum payments for employees and companies alike.
Join us as we interview NuCompass expert, Scott Padgett, Senior Director of Client Relations, who provides insights into CoPilot Express from the corporate perspective and explains its key features, real-world impact, and the exciting future it holds in store for NuCompass’ clients and their employees.
Improving the Unpacking Experience
Relocation can be a stressful experience, especially when it comes to unpacking and organizing a new home. Traditionally, relocation policies have offered full unpacking services, but this can often lead to overwhelming situations for employees.
Enhancing Relocation Experiences: The Benefits of Rental Assistance Services
As a relocation management company (RMC), we understand the importance of ensuring a smooth transition for your employees when accepting a new position. Relocating to a new city can be an overwhelming experience for employees, especially when it comes to finding a suitable rental home or apartment. A rental assistance program is designed to match each employee's individual rental criteria and budget requirements with available options in their new community to better prepare employees for their new role.
Smoothing the Way: Solutions for Small Shipments
Relocating for a new job can be an exciting yet stressful time for employees. Managing smaller relocations, especially when it comes to household goods shipments, can present unique challenges. There are several problems that can arise during small shipments, but the innovative solutions offered by NuCompass, your trusted Relocation Management Company (RMC), can help to ensure a smooth and hassle-free experience for both you and your employees.
Spotlight: 5 Key Questions about Policy Consulting
Many organizations consider their employee relocation program to be an essential part of their overall talent management plan. Since having the right relocation policies in place can help attract and retain key employees, we talked with Laura Heinlein, Senior Director of Client Relations at NuCompass, to get her views on policy consulting.
Assistance for the Relocating Family
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.
Hybrid Work and Global Mobility
Right now, flexibility is key in recruitment and talent retention, leading many companies to move towards a hybrid work schedule to accommodate this shift in the workforce. A recent study anticipates that 39% of knowledge workers will be hybrid by the end of 2023 (Gartner). Another study found that 74% of U.S. companies are using, or plan to use, a hybrid work model to offer their employees flexibility and reduce office space (Zippia). The shift to a hybrid model is expected to lead to changes in the global mobility sector as well.
Celebrating 58 Years!
When a company reaches a milestone like its 58th 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!
BAMM 2023: Generational Challenges in Mobility
Members of our NuCompass team recently attended the 2023 Bay Area Mobility Management (BAMM) Conference in San Francisco, CA, where NuCompass was a Keynote Sponsor. In addition to discussions on subjects like DEI and sustainability, a key area of focus was on generational changes in the workforce and how that affects the relocation industry. The top three highlights were generations, benefits, and flexibility.
Industry Trends: Mortgage Forecast
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.