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2021 Best Cities to Live in the USA for Growth Opportunities

Cities with Growth Opportunities

2021 is already halfway over. While this year has seen more normalcy than 2020 did, there are some permanent changes that will stay. One of those changes is companies allowing employees to work remotely. When the COVID19 pandemic first went into effect, almost all major companies set up employees to work from their homes to promote and protect the health and safety of their workforce and operations. 

Many companies now are looking into allowing their employees to work remotely full time, even as life begins to return to normal. Now that employees no longer have to commute to an office every day, it gives them the ability to live anywhere they want. This has people moving all over the country. But what are the best cities to move to those looking for a full-time change?

20 of the Best Cities to Move to for Growth

While most “best cities” lists rely on a certain level of subjectivity, many tools have attempted to perfect the art through evaluation, scoring systems, and other analysis. The following list looks at the overall livability of each area with a focus on positive economic activity. 

  1. The Woodlands, TX
  2. Arlington, VA
  3. Naperville, IL
  4. Overland Park, KS
  5. Cambridge, MA
  6. Ann Arbor, MI
  7. Plano, TX
  8. Columbia, MD
  9. Berkeley, CA
  10. Bellevue, WA
  11. Irvine, CA
  12. Richardson, TX
  13. Seattle, WA
  14. Madison, WI
  15. San Francisco, CA
  16. Sunnyvale, CA
  17. Raleigh, NC
  18. Boulder, CO
  19. Sandy Springs, GA
  20. Torrance, CA

While these cities all have different cultures, climates, and costs, they were chosen based on many different aspects of living. Factors include livability, job opportunities, homeownership rates, cost of living, and their track record of economic growth. Most of these cities have seen consistent growth for the better part of 10 years, making them some of the best cities to move to for growth opportunities. Many of these cities are considered mid-size, meaning that while they are growing, they are not yet the size of mega-cities such as Chicago, New York City, or Los Angeles. 

Midsize cities that are growing tend to offer some of the best job markets in the country. This could come into play if someone who is looking for change is unable to work remotely in their current career. Additionally, the availability of job opportunities is critical for trailing spouses or partners who wish to continue their own personal growth and achieve their career goals in their new destination.

Things to Consider When Moving to a New State

While it’s nice to be able to live anywhere because of the ability to work remotely, there are many factors that should be considered and questions that should be answered before relocating.

Cost of Living

Affordability is typically one of the biggest factors relating to the decision to relocate. Can your current salary or income keep up in the new city? Will you be able to afford the cost of fuel, groceries, and other basic living items that might be more expensive (or cheaper) in the new place. 

Healthcare costs, education, and culture should be other factors to look at when looking to move into a new city.

Real Estate Market

2020 and 2021 have resulted in a boom in real estate that shows no signs of stopping in the near term. The average cost of homes rose just over 11% nationally (its largest annual gain in 15 years) and should be brought to any conversation about the best cities to live in the USA. Will your current home sell for what it’s worth? Can you afford a nice enough home in the new area? While it is a great time for sellers, it is more expensive for buyers than before.

Quality of Life

When selecting the best cities to move to, local amenities and quality of life play an outsized role that many forget to include in their decision to relocate. Is there an availability of quality schooling at the new location? How are the average commute times? Is efficient public transportation available? Is there a good balance of shopping, climate, recreation, and dining available?

How We Can Help

GMS is a leader in the global mobility industry. We help companies draft relocation policies for their employees, helping them get from point A to point B while minimizing common pain points, where possible. It is our goal to make the relocation experience smooth for those trying to relocate to the best cities in the USA. GMS’ services can help every step of the way, from pre-decision to departure, to help getting settled in the new destination.

We're Here to Help! Request a Courtesy Consultation

Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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The Benefits of a Preferred Relocation Real Estate Agent

Pros of Using a Preferred Relocation Real Estate Agent

If you have been offered a new position in a different city or state by your current employer, or if you are accepting a new job in a new location, you probably have dozens of questions about the relocation process and how it works. Like most relocating individuals, one of the most prominent questions is most likely the concern about selling your home. 

Many transferees who are getting ready to move (or those still weighing options with an offer) often wonder if they are on their own for selling their house or if the corporate relocation company that their employer is partnering with will do that. Going a level deeper, those moving then wonder if they are in charge of hiring their own real estate agent. 

The answer to that question is simple; you have the power. Many relocation policies offer support when it comes to home selling assistance. If home selling assistance is one of your relocation benefits, then it is an excellent idea to capitalize on that. Now the question becomes, should I use a friend or family member to sell my home or be assigned a specialized relocation real estate agent? While many transferees may want to go with the first option, it might make more sense to allow the relocation specialist to handle the sale. Here’s why. 

Using an Experienced Relocation Real Estate Agent

Many relocation companies urge the relocating employee to select an agent from their vetted real estate network because they can then guarantee that the agent is familiar with relocation policies and will be knowledgeable of the nuances in the relocation process. This will ensure that the transferee is maximizing their benefits by taking advantage of every aspect offered in the home-sale program. Transferees that stick with their company’s established home sale program commonly sell their homes more quickly and arrive at their destination with less stress and are ready to work. 

In leveraging your company’s home sale program, your relocation company’s point of contact can coordinate the entire move process for you – from the relocation appraisal process to the moving of your household goods, and finally the end of the sale of your property. Additionally, relocation real estate companies will recommend multiple agents for you to interview before making a decision, placing you in control.

Real estate agents who are not experienced with the relocation process might not be as active, might not know how to maximize savings and profits, or might not have an understanding of how to properly utilize relocation benefits. If they have little to no understanding of how corporate relocation processes work, this will slow down the sale of your home.

Out-of-Network Fees

In addition to the valuable experience that a vetted relocation-specialized agent can provide, it is better to use a relocation company’s agent because many relocation companies charge sizable out-of-network or referral recovery fees when agents outside of their networks are utilized. In fact, many companies specifically state in their relocation policies that the usage of an authorized agent is mandatory in order to receive your benefits. In this case, you will not be able to benefit from specialized home sale programs designed to help you sell as quickly as possible, for as much as possible.

Get the Most Out Of Relocation Real Estate Benefits

Selling your home is just one of the first of many steps to take for a successful relocation for you and your family. That is why it is important to work with relocation specialists who have the knowledge to get you the best deal possible for your home. If you have any questions about relocation real estate benefits or need to get in touch with a vetted, relocation real estate agent who can guide you through the entire process, please contact us online today. One of our team members will reach out to assist you with all of your questions.

We're Here to Help! Request a Courtesy Consultation

Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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What to Do When Corporate Housing Prices Are Too High

Looking at Short-term Housing Options

Corporate housing, also known as temporary housing, is a common benefit offered in a relocation policy. Corporate housing is a short-term housing option for transferees who might not have an established home available in their new destination. Typically available in 14, 30, 60, or 90-day increments, temporary housing offers a period of transition for those transferring locations. Most temporary housing units come fully furnished, with kitchenettes, and are pet-friendly. 

Corporate housing sounds like a simple concept: the company pays for an employee to stay in accommodations in the short-term, while their long-term living situation is being arranged and finalized. However, what happens if the long-term housing for an employee takes longer than expected? What happens if corporate housing prices are much higher than expected in the new living area? Are employees now on their own when it comes to living solutions?

While the specific answers to these questions will depend upon the relocation policies of the company, many transferees might ask about Airbnb, VRBO, and other short-term rental options. Some companies might be quick to approve that idea and offer reimbursement packages on short-term rentals for transferees. However, there are some downsides to consider for companies allowing their employees these options over covering the expenses for corporate housing. Those temporary housing options don’t offer the same coverage and come with more risk.  Additionally, it could end up costing the company more money in the long run. Here is a breakdown as to why the use of Airbnb and VRBO could potentially backfire on companies relocating their employees. 

Potential Overpayment

When working with a relocation consultant on policies for transferring employees, corporate housing pricing is typically broken down to a per-employee, per-night basis. When third-party solutions are used (like Airbnb), and employees are allowed to seek their own short-term housing options, many companies provide a predetermined amount of support. The amount provided may exceed the level of support actually needed by the employee for suitable accommodations, leading to overpayment by the company. In the end, the company might not be getting as good of a deal as it could be. 

In this scenario, the company could see employees pocketing the difference between their temporary housing allowance and the actual cost of accommodations. If an employee sees in the relocation policy that he or she qualifies for $X amount of benefits, then they can book something cheaper but still claim the entire amount and keep the balance. 

This type of support may also put some employees in tougher spots than others when it comes to finding affordable options. The flat level of support provided may not be enough to cover the cost of reasonable temporary living accommodations.

Conversely, if your relocation program has pre-identified and pre-approved corporate housing units already selected, your costs will become more predictable and you can be confident that you are providing the necessary level of support your transferees need.

Billing Could Become a Nightmare

Companies that allow employees to use their relocation benefits for their own housing could also end up in a billing nightmare. Many companies’ policies are not written to address the unique challenges that come with employees booking their own accommodations through third-party housing providers. Without established limits and a streamlined expense reimbursement policy, an HR or accounting team may need to process numerous third-party vendors who utilize different billing methods. This could also result in the accounting department having to spend more time cutting reimbursement checks to each individual employee. 

The workaround for this pain point is to have transferees utilize corporate housing units approved by the company where a predictable direct billing relationship already exists. Additionally, a more consistently applied program is made possible when the relocation specialists working with your transferees are already familiar with your temporary housing providers.

Risk Considerations and Lack of Quality Control

Companies need their employees to have sufficient housing accommodations while relocating and starting their new positions. Allowing individual employees to book their own third-party housing might expose themselves and your company to unneeded risk. If an employee Airbnb or another company’s rental, there is no guarantee that the living accommodations will be clean, safe, or reparable at any given moment. 

For example, with a corporate housing apartment, if something were to go wrong the company would have an established contract with the corporate housing company that covers items such as repairs. This provides for timely repairs or the replacement of the malfunctioning equipment ASAP. With a third-party rental that is chosen by the employee, there is no way for your company to contractually guarantee timely repairs or replacements. This places more risk on the employee and your organization and is not likely to be covered in the employee’s relocation policy. The last thing a transferee needs is to deal with while relocating for a company is an issue with where they are staying.

Additional examples of risk exposure that may arise through the use of vacation-style rentals include:

  • Property safety inspections
  • Lack of appropriate safety equipment (such as door/window locks and fire extinguishers)
  • No documents safety plans in the event of a fire or natural disaster
  • Challenges around property insurance

Lastly, with third-party rentals, there may be little in the way of an established check-in process. This can lead to complaints related to customer service or quality, as employees might be left scrambling if the check-in process goes awry. If the employee shows up to the rental unit, and the unit is not sufficient, or they are told it is no longer available, it will put the employee in a tough situation where they are left to their own devices.

The workaround for this pain point is to have transferees utilize corporate housing units approved by the company where a predictable direct billing relationship already exists. Additionally, a more consistently applied program is made possible when the relocation specialists working with your transferees are already familiar with your temporary housing providers.

GMS Can Provide Your Employees With Suitable Corporate Housing

Airbnb, and other rental companies like it, are a great option for those looking to take a vacation.  However, for companies that are relocating multiple people a year for business purposes, this might not be the best option. Working with a qualified corporate relocation company, like GMS,  policies can be put into place that will ensure your employees have suitable temporary housing units ready for them when they arrive in their new town or city. Contact us today online if you are ready to start looking at corporate housing solutions for your relocation program or have any questions about temporary housing for your relocating employees.

We're Here to Help! Request a Courtesy Consultation

Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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Discover Your Potential Relocation Cost Savings

Relocation Cost Savings

To have the most successful and efficient workforce mobility program, mobility specialists and HR professionals should regularly evaluate their company’s relocation costs, benefits, and policies in order to uncover cost savings or areas in your relocation policies that may need improvement. Many companies manage their relocation needs in-house while others use relocation management companies to mobilize their workforce. Relocation policies should be reviewed with regularity to assure the company is spending wisely and saving money where possible. 

 

GMS makes this process simple with our industry-leading MyRelocation® technology. In addition to its client and employee-facing portals, MyRelocation® offers a suite of tools designed with your needs in mind. 

 

GMS is happy to announce our new Relocation Cost Savings Calculator. This easy-to-use tool provides companies with insight as to how much they could be saving when it comes to their current relocation program. If it has been a while since your company’s policies have been reviewed, or you are just starting to look into mobility services, this calculator can help determine your organization’s potential cost savings. 

 

It is not uncommon for companies to go years without changing or updating their relocation policies. While common, this practice can add up to serious costs over time as the direct costs related to relocation benefits react to various factors. Transportation prices change, home prices fluctuate, temporary housing costs increase, and the cost of living is constantly changing. To assure that your company is saving the most money while giving your employees the best relocation experience possible, it is important to check in on how you can be saving.

Calculating your Relocation Cost Savings

The innovative GMS Relocation Cost Savings Calculator looks at a range of common relocation program areas for cost-saving opportunities. With a user-selectable option for companies who handle mobility in-house or with an outsourced relocation management company. Key mobility policy elements that the calculator can highlight include: 

  • Program Fees
  • Real Estate Services
  • Household Goods Transportation and Storage
  • Temporary Housing Programs
  • International Relocation Services
  • Program Funding

The Cost Savings Calculator is quick and easy to use, and once various data points are input, the relocation calculator will compute your potential savings in a downloadable PDF to allow you to easily compare your current relocation costs against your potential savings. After that, a GMS Mobility Pro will reach out personally to help validate your potential relocation costs savings estimate, provide no-pressure guidance, and answer any questions you may have.

Validate Your Savings Using Our Relocation Cost Calculator

Are you ready to discover how and where your mobility program may benefit from a reduction in relocation costs? Simply complete the form below and a GMS Mobility Pro will provide you with a link to work through the tool. It is easy to use and only takes a couple of minutes if you have the right information handy. 


The GMS Relocation Cost Savings Calculator is free to use and comes with no obligation and no pressure to use. Get started now to discover how much your organization could be saving today.

Ready to Calculate YOur Program Savings? Request Access Now!

Are you ready to calculate your potential relocation program savings? Request access to our easy-to-use Relocation Cost Savings Calculator. Your Mobility Pro will grant your access request within 1 business day.

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Corporate Housing Trends for 2021

2021 Corporate Housing

GMS is here to make sure you keep up with all the latest trends in the corporate housing industry for 2021. As corporate housing needs are on the rise, is the inventory there to keep up? Here is a breakdown of some statistics around corporate housing trends for 2021:

North America

Estimated 30% overall reduction in the number of available corporate apartments due to:

  • Operators ending leases with apartment communities as demand dropped
    • Some operators broke their leases and handed keys back
    • Other operators could not pay rent, resulting in a default on their leases
    • May lead to strained relations between the higher-end apartment building owners where corporate housing providers place most rentals 
    • May stop some operators from acquiring additional inventory as demand increases

Globally

Most serviced apartment buildings remain in business. Being property-based and not leased has helped the inventory of corporate apartments to remain stable.

Major corporate housing companies exited the business in 2020, and other venture capital-backed brands also exited, further tightening supply. Several smaller and regional corporate housing operators are on the fence and may exit the business.

The outlook of trends in corporate housing for 2021 is for a rebound in business. While Q1 remained depressed, the volume should rise substantially in North America and globally during Q2 and Q3 as various markets continue to work towards reopening.

What Does This Mean Moving Forward?

With extremely tight and competitive real estate markets throughout the country, many companies are looking at corporate housing as an interim solution. Many states’ housing markets are projected to see continuous competition in the home purchase market through 2021. This is where corporate housing will play a big role in allowing companies to relocate employees to short-term rentals until the markets start to level out and transferees have a shot at purchasing a full-time home in their new destination. 

It is also worth noting that experts expect to see a 5-8% price rise in corporate housing costs from 2021-2025. Most temporary housing companies utilize a per-day pricing model or a bundled pricing model based on the number of employees.

Contact GMS Today

GMS’s certified team is always up to date on all the latest trends in corporate housing. Reach out today and we’ll ensure all of your relocation needs are met. We can help you relocate employees from anywhere in the world. Reach out to us online to get in touch.

What's Trending in Workforce Mobility for 2021?

This article is an excerpt from our 2021 Workforce Mobility Forecast. Download a complete copy today, or watch a recording of our latest Thought Leadership Series webinar on the trends that are shaping the industry.

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