Category: Domestic Relocation Tips

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Buy a Home Domestic Relocation Domestic Relocation Tips Home Purchase Relocation Management

What is a Home Relocation Appraisal?

Real estate agent showing a young couple a home for sale.
Medium shot of a real estate agent showing and explaining property to a couple

Transferees participating in a home sale as part of their relocation package often submit to a Home Relocation Appraisal process. Since “Appraisal” is part of this term, transferees may think this will be an indicator of their home’s market value. However, this is not the case. A Relocation Appraisal is completely separate from a Home Mortgage Appraisal. From the purpose to the format, the differences are dramatic.

A review of the specific points of this report will clarify its purpose, intent, and use within a transferee’s moving process.

8 Specific Points of a Home Relocation Appraisal

1. What is the Intended Use?

The use of this report is to help facilitate the transferee’s move to another location. The results go to the client, not the transferee. Clients may review the information to help understand how long the home may be on the market before selling.

2. Who Conducts the Home Relocation Appraisal?

Trained and licensed real estate appraisal professionals who follow the ERC’s specific set of definitions and guidelines complete the Appraisal. The professional works for the client, and will use the Worldwide ERC® Summary Appraisal Form (updated 2010) to complete the Appraisal.

3. What are Critical Considerations?

In this report, design and appeal of the house are critical considerations. Since the Appraisal has a short time frame that relates specifically to the transferee’s relocation, these two factors will have a major impact on the relocation process.

4. What will the Report Provide?

This type of Appraisal provides an estimate of the home’s anticipated sales price. There is no correlation to any other figure or value; the Appraisal looks solely at the anticipated sales price.

5. What is the Timeframe?

Home Relocation Appraisals have a short-term focus. The decision making timeframe only covers up to 120 days. This accounts for the planning, review, and implementation of the transferee’s relocation process.

6. When Should Marketing for the Home Begin?

Marketing for the house occurs after the date of this report. As a result, the marketing plan for the home has no bearing on this Appraisal.

7. How does Marketing the House Relate to a Home Relocation Appraisal?

The marketing time for this report is not to exceed 120 days. This timeframe only reflects the period covering the transferee’s relocation process.

8. How Does a Retrospective Analysis Relate to a Home Relocation Appraisal?

A retrospective analysis for a Home Relocation Appraisal is an overall review of factors that could impact the Appraisal’s results, such as any risks that could affect the sale price of the home. This information is used for forecasting purposes. This is important for clients so they can understand aspects of the report that may have future budgetary impacts.

What Should Employers Expect?

Employers should expect that transferees who participate in a this type of sale program for their house may not understand the purpose of this Appraisal. Employers should understand that they are the client for this report. As such, they will receive the Appraisal from the professional. Employers should understand and communicate with the transferee that this report is not a Home Mortgage Appraisal.

What Should Employers do?

Employers should communicate guidance for their transferees who may have questions regarding their Home Relocation Appraisal. Employers should work with their Relocation Management Company to understand the Home Relocation Appraisal and how it relates to their company’s relocation and home sale program.

Conclusion

Global Mobility Solutions’ team of global relocation experts has helped thousands of our clients with their Home Relocation Appraisals. We can help your company understand how a Home Relocation Appraisal relates to your company’s home sale program.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn more about Home Relocation Appraisals from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Domestic Relocation Challenges Domestic Relocation Tips Global Relocation Challenges Global Relocation Tips Relocation Best Practices

Video Destination Spotlights Show Transferees Their New Location

father showing daughter their new home on an ipad
Young father and his cute small daughter having fun with digital tablet on couch.

Video Destination Spotlights from Global Mobility Solutions’ MyRelocation® Technology Platform are an ideal solution. These spotlights show candidates and transferees all of the positive aspects of their new location. Visually demonstrating an area’s attractions, activities, and highlights helps showcase the best aspects of a city. Video Destination Spotlights also help give employees and their family members peace of mind as they consider relocating to a new city.

What Do Video Destination Spotlights Include?

There are many features that visually highlight the best aspects of a location. GMS Video Destination Spotlights include several major topics that are at the top of the list for new hires and transferees.

Major Topics in Video Destination Spotlights

1. Education and Schools

Employees, family members, and children of school age can learn about various public and private school options. Distinguished universities and colleges in the location are noted, as are cultural institutions with educational programs such as art institutes.

2. Transportation

Transportation alternatives including plane travel, light rail/commuter lines, ferries, and local highways help employees learn about the various ways they can travel to and from work as well as the local area. International airports that are nearby the location provide a sense of comfort for employees and family members who are relocating over a wide distance.

3. Housing and Cost of Living

Knowledge of the cost of living in the new location is one of the most important consideration for employees and transferees. Learning about the range of housing options helps employees make informed choices for their new home’s location. Families relocating to a dense urban area may prefer to find new housing near large city parks and recreational facilities. Video Destination Spotlights are an ideal format to show local amenities to families.

4. Geography, Climate, and Weather

For some transferees and new hires, the ability to be near mountain areas with great skiing is a significant draw for a new position. Alternatively, proximity to the ocean and warm weather can be a deciding factor. Weather in a new location may have a strong impact on an employee’s decision to accept a relocation assignment. Therefore, it is important to include this information.

The geography of a location might be one of the most important points in a decision to relocate. Video Destination Spotlights instantly show the local geography, letting employees see features such as mountains, hills, lakes, rivers, and oceans. Some employees may prefer to be situated among rolling prairies found in the Midwest. However, other employees may prefer to be surrounded by old-growth forests and rocky coastlines found in New England.

5. Sports, Attractions, and Lifestyle Easy to Show in Video Destination Spotlights

Outdoor enthusiasts may prioritize their decision on a relocation based on the range and breadth of sports opportunities. Major outdoor destinations such as Yellowstone National Park, Carlsbad Caverns, or Big Bend National Park may become a deciding factor for those who want to explore these natural attractions. Parks and trails draw hikers, bikers, walkers, runners, and are highly desirable community amenities.

Major sports teams such as the New York Yankees or the Dallas Cowboys often draw sports fans from throughout their respective metropolitan areas. Cultural Institutions such as the J. Paul Getty Museum or the Art Institute of Chicago are major destinations for tourists as well as local residents. Video Destination Spotlights focus on and highlight these and other lifestyle amenities within the community.

6. Dining and Shopping

Sampling local cuisine can be an exciting adventure. All Video Destination Spotlights include highlights of local restaurants, favorite dishes, and regional flavors. Southern California cuisine reflects the diverse cultural influences of many nations. New Orleans cuisine, by comparison, is known for Cajun and Creole foods such as Seafood Gumbo, Crawfish Étouffée, and Po’ Boy Sandwiches.

Relocating employees also want to know about the local major shopping venues. Being able to easily find their favorite stores and locate the services they need helps employees feel “at home” in their new location.

Conclusion

Providing a wealth of resources for employees with relocation assignments helps companies remain competitive in their industry. Our clients note how helpful our global and domestic Video Destination Spotlights are for their employees. GMS continues to extend the many valuable resources we provide to our clients into new technologies and easy to use formats.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

To see one of our Video Destination Spotlights, or to learn how our team of relocation program experts can help your company provide industry-leading resources to your prospective employees and transferees, contact us online or call us at 800.617.1904 or 480.922.0700 today.

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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Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Global Relocation Global Relocation Challenges Global Relocation Tips Global Relocation Trends

Business Traveler Health Precautions: Best Practice Recommendations

Businessman packing a suitcase

With so many concerns about health issues in the news, organizations should share business traveler health precautions with their employees. Employees who travel for work on a regular basis should have health information that pertains to their specific destinations. Those with health insurance coverage should confirm the processes to follow should a need arise while traveling to international locations.

Current Issues That Require Business Traveler Health Precautions

The Centers for Disease Control and Prevention (CDC) publishes a Current Outbreak List with travel notices for international travelers. CDC also maintains a Travelers’ Health Site with a complete list of notices, watches, and warnings that is easy to use and searchable by destination. The Travel Health Notices site is also searchable, and has an extensive amount of information that can be used for business travel health precautions. CDC may note information as:

  • Watch Level 1 (Practice usual precautions)
  • Alert Level 2 (Practice enhanced precautions)
  • Warning Level 3 (Avoid all non-essential travel)

CDC is often on the forefront of infectious disease outbreaks, and over the past two years has responded to over 750 health threats. As a result, CDC is an extremely valuable resource for information that can be used to define business traveler health precautions.

Coronaviruses and COVID-19 in China, Japan, Hong Kong

News media may highlight only a few medical and health issues at one point in time. For example, the recent coronavirus disease, officially named COVID-19, appears to be a new health phenomenon. However, the World Health Organization (WHO) notes that coronaviruses (CoV) are part of a large group of viruses. These types of viruses can cause illnesses such as:

WHO notes several standard recommendations against spreading CoV infections, including:

  • Avoiding contact with others who are coughing and sneezing
  • Covering mouths when coughing
  • Covering noses and mouths when sneezing
  • Frequent washing of hands
  • Thorough preparation and cooking of foods such as eggs and meats

Organizations should share WHO’s standard recommendations against spreading CoV infection as a best practice for business traveler health precautions.

Specific COVID-19 Recommendations

While these standard recommendations will help prevent the spread of CoV infections, WHO has several specific recommendations regarding COVID-19 that should be part of all business traveler health precautions, including:

Upon coughing or sneezing yourself:

  1. Cover nose and mouth to prevent spread of germs and viruses
  2. Discard used tissues immediately into a closed bin
  3. Clean hands with alcohol-based sanitizer or wash hands with soap and water

When around other people:

  1. Keep distance of 3 feet (1 meter) from others
  2. Take notice of those who are sneezing, coughing, or have a fever
  3. Avoid breathing in virus from people who spread droplets when sneezing and coughing

For your personal hygiene:

  1. Avoid touching mucous parts of your body such as nose, mouth, and eyes
  2. Touching these areas may transmit virus from contaminated hands into your body

If you have symptoms (fever, cough, and difficulty breathing) but did not visit China:

  1. Practice basic respiratory hygiene
  2. Practice basic hand hygiene
  3. Remain home until recovery

If you have symptoms (fever, cough, and difficulty breathing) and did visit China yourself, or have been in close proximity to someone who has been to China:

  1. Seek medical care
  2. Tell your doctor and other health care providers your travel history or that of the person you have been in close proximity to

What Should Employers do About Business Traveler Health Precautions?

Employers should share valuable resources with all employees who travel for business reasons. They should also review corporate plans that might need to change due to illness outbreaks. Companies with facilities located in areas impacted by outbreaks should investigate information and prepare for contingencies.

Best practice is to provide a wealth of information and guidance for employees that travel for business purposes. Employers should communicate business traveler health precautions and provide information on processes to follow should health issues arise.

Conclusion

Global Mobility Solutions’ team of global relocation experts has helped thousands of our clients understand how to plan for business travel and related contingencies. We can help your company understand how to develop business traveler health precautions as part of best practice recommendations in your company’s relocation and business travel programs.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practice recommendations for business traveler health precautions from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online or give us a call at 800.617.1904 or 480.922.0700 today.

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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Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Job Market Job Seekers Labor Force Talent Management Talent Mobility

Silver Tsunami: How Aging Workforce May Impact Relocation

Many companies in the United States are facing the effects of a silver tsunami in their workforce. In essence, this term refers to a company’s workforce increasing in age. As a result, older workers are becoming a larger and growing segment of employees. Companies often their leverage relocation program to meet corporate objectives. Therefore, they should examine the possible impact of a silver tsunami as it relates to their workforce.

How the Silver Tsunami may Impact Relocation

Transferees may utilize several elements of a company’s relocation program. Companies experiencing an increase in the age of their workforce could find many of their relocating employees need more or less benefits, depending on their specific circumstances. As the silver tsunami begins to change its workforce, companies should initiate a review of their relocation program to ensure it addresses those elements important to older workers. Many workers want to work after they retire from their main career.

There are three major areas that companies should consider as they review their relocation program:

1. Bridge Employment Opportunities Help Mitigate Silver Tsunami

“Bridge employment” refers to paid employment opportunities for older workers. These workers may be transitioning out of their current career, but are not yet leaving the labor force. As a result, bridge employment may help companies leverage the silver tsunami. Companies should consider designing relocation opportunities for older workers so they can share skills and knowledge in other locations as part of the company’s overall bridge employment strategy. The healthcare industry has seen success through leveraging relocation benefits to attract and retain talented and highly skilled employees.

Opportunities in bridge employment should nurture meaningful work so older workers feel their contributions are making a difference. Older workers report satisfaction in their job and meaning in their activities as the main reasons they remain in the workforce.

2. Flexible Work Arrangements

Companies that offer older workers some flexibility with their work schedules and setup are more successful with talent acquisition and employee retention. Companies examining the structure of work to respond to changes brought by the silver tsunami should be sure to insert flexibility. Many workers identify specific aspects of flexible work as integral to their most desired job, including:

  • Home-based work initiatives
  • Part-time positions
  • Scheduling flexibility
  • Travel opportunities

3. Constructive Relationships

Many employment opportunities provide workers with a chance to interact, support, and engage with their co-workers. Older workers identify constructive work relationships as their top preference for a good quality job.

Companies should examine their workplaces to ensure they meet the conditions necessary to foster constructive work relationships. These conditions include:

  • Creating manager and employee relationships that are strong and built on achieving goals
  • Defining clear and understandable roles and relationships
  • Designing the company’s structure for clear accountability and authority
  • Focusing on social skills to enhance interpersonal relationships
  • Offering work systems and procedures that are effective and productive
  • Setting employee expectations and accountability

What Should Employers do About the Silver Tsunami?

Employers should review hiring plans and work structures to leverage the positive effects of the silver tsunami on their workforce. They should also benchmark their relocation policy to ensure it reflects industry-leading best practices. Companies should understand their industry’s competitive relocation landscape so they can design a policy that will attract highly skilled talent. Transferees that are willing to relocate for a bridge employment opportunity should have a range of relocation benefits. Also, these benefits should be designed to meet their expectations.

Industry Benchmarking Studies Help Employers Compare Their Relocation Program

GMS has recently published several Industry Benchmarking Studies to help employers learn whether their company’s relocation program is designed following industry-specific best practices. There are many benefits to a corporate relocation policy benchmarking. For example, employers can learn how benefits provided for older workers in their relocation program will help them leverage the silver tsunami as it leads to workplace changes.

Industry best practice is to schedule a relocation program and policy review every 12 to 18 months to ensure your company maintains its competitive position. This review will also help your company learn about how the relocation industry is evolving to meet changing employee demands due to the silver tsunami.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to leverage changing workplace dynamics to meet corporate objectives. Our team can help your company design a relocation policy with industry-leading best practices. As a result, your company will attract and retain talented and highly skilled employees that are part of the silver tsunami.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss how the silver tsunami may impact your company’s corporate objectives, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Visas and International Travel

New York Legislation May Impact Various Aspects of Relocation

US Customs and Border Protection form to fill out

New York legislation termed the “Green Light Law” took effect on December 14, 2019. This law blocks US federal immigration and border control authorities from accessing the state’s Department of Motor Vehicles (DMV) database. As a result, federal law enforcement authorities can no longer access data that would help determine if a vehicle owner has a criminal history or outstanding warrants for arrest.

Three Federal Law Enforcement Agencies Lost Access to DMV Records Due to Green Light Law

The New York legislation was intended to let people who do not have legal immigration status apply to receive a New York driver’s license. The section of the law that prevents DMV officials from allowing access to data affects three federal law enforcement agencies, including:

Additional agreements are in place to prevent other agencies that still have access to DMV data from sharing it with federal agencies such as ICE.

Trump Administration Plans to Block Access to Trusted Traveler Programs Due to New York Legislation

The Trump Administration plans to block access to Global Entry and other Trusted Traveler Programs for New York residents. CBP administers participation in these programs. The Department of Homeland Security (DHS) has taken the position that the New York legislation limiting the DMV from sharing information with CBP will make it impossible for DHS to properly vet Trusted Traveler Program applicants. Trusted Travel Programs rely on New York state records to verify a participant’s identity and conduct thorough vetting on the participant.

DHS Announces Plans to Suspend Trusted Travel Program Enrollments

On Thursday, February 6, DHS announced it was immediately suspending enrollment in Global Entry and Trusted Traveler Programs for all New York state residents.

CBP expects this suspension to affect up to:

  • 200,000 New York residents seeking to renew Trusted Traveler Program membership
  • 30,000 commercial truck drivers enrolled in the Free and Secure Trade (FAST) program at four Canada/New York entry ports

The reason for the suspension is that DHS officials believe the New York legislation is a direct threat to public safety because federal officials cannot access the DMV records. Officials use these DMV records for criminal background checks. They also use these records to determine if applicants for Trusted Traveler Programs meet requirements of the programs.

What Impact Does the New York Legislation Have on Relocation?

New York residents who have become accustomed to the streamlined procedures under Global Entry and Trusted Traveler Programs may now face much longer timeframes and delays for entering into the US and departing for international destinations. Commercial truck drivers at entry ports for Canada and New York may also face delays on their routes without the ease of the FAST program.

For New York residents planning to export automobiles or other vehicles such as motorcycles, the process may also face significant delays. Documentation to confirm information about these vehicles may be difficult to obtain and confirm due to the New York legislation restrictions on sharing DMV information with CBP.

What Should Employers do About the New York Legislation?

Employers should review their relocation plans and timelines for any moves into and out of New York. They should also anticipate possible delays related to employees traveling to or arriving from international destinations. They should also inform transferees about the New York legislation, and how it might impact travel arrangements, exporting of automobiles, and other similar issues.

Conclusion

Global Mobility Solutions’ team of global relocation experts have helped thousands of our clients with business travelers and international assignees from the state of New York. As a result, we can help your company understand how to plan for the impact of the New York legislation as it relates to your relocation program, business travel, and automobile exports.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn how to respond to the impact of the New York legislation from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online or give us a call at 800.617.1904 or 480.922.0700 today.

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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Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Job Market Job Seekers Labor Force Talent Management Talent Mobility United States Economy

In the 2020 USA Job Market, Which Cities are the Best Places to Find a Job?

A scene from Downtown Scottsdale at dusk with a canal and reflections in the foreground. Scottsdale is part of the Phoenix Metropolitan area.

The 2020 USA job market is poised to continue its unprecedented growth. According to the U.S. Department of Commerce Bureau of Economic Analysis, the nation’s economic performance continues to perform strongly. The USA’s Gross Domestic Product (GDP) rose in the 4th Quarter of 2019 by 2.1%. Economists continue to forecast a future economic outlook of steady growth. This continuation of economic growth without negative impacts appears to be a “Goldilocks Economy.” Features of such an economy include:

  • Growth is not too hot to cause inflation
  • Growth is not too cold to create a recession
  • The ideal growth rate of 2-3% is in effect

The 2020 USA Job Market Benefits Cities Poised as Technology and Innovation Centers

2020 will see several job market trends impacting cities. Some of these trends include adoption of advanced technology, increasing global connectivity, and a workforce that continues to rise in average age. Cities that are positioned as technological innovation centers should gain significantly as corporations grow and their employee workforce expands.

Some forecasters predict that Artificial Intelligence (AI) will negatively impact jobs. PricewaterhouseCoopers published a report identifying several professions that may see significant impacts from AI, robotics, and similar technologies, including:

  • Bank Positions
  • Factory Jobs
  • Financial Services
  • Office Staff

However, all of these advanced technologies in turn create new employment opportunities. Employees who are comfortable with technology and rapid change should anticipate many new challenges and paths for future career growth.

What Characteristics do the Top 10 Cities in the 2020 USA Job Market Share?

The top 10 cities in the 2020 USA job market share several characteristics. Many of these cities exhibit several of the following traits:

  1. Business-friendly policies and incentives
  2. Pleasant climate and moderate weather
  3. Access to a wealth of amenities
  4. Significant job growth
  5. Highly educated and skilled local workforce
  6. Centers for technological innovation
  7. Close to other centers of employment

What are the Top 10 Cities in the 2020 USA Job Market?

According to WalletHub (the first website to offer free credit scores, reports, and additional financial information for consumers), the top 10 Cities in the 2020 USA Job Market are:

  1. Scottsdale, AZ
  2. South Burlington, VT
  3. San Francisco, CA
  4. Austin, TX
  5. Fremont, CA
  6. Chandler, AZ
  7. Boston, MA
  8. Tempe, AZ
  9. Portland, ME
  10. Boise, ID

Several cities from the 2019 ranking fell out of the top 10 ranking. These cities are:

  • Columbia, MD
  • Orlando, FL
  • Colorado Springs, CO
  • Plano, TX
  • Washington, DC

Conversely, several cities rose into the top 10 ranking. These cities are:

  • South Burlington, VT
  • Austin, TX
  • Fremont, CA
  • Tempe, AZ
  • Boise, ID

Scottsdale, Arizona and the 2020 USA Job Market

Scottsdale is the top city in the 2020 USA job market. This is the 2nd year in a row that Scottsdale has achieved the top spot in this ranking. In fact, two other Arizona cities are also in the top 10: Chandler is #6 (up from #10 in 2019), and Tempe is #8 (up from #14 in 2019).

WalletHub notes two significant factors that are driving Arizona cities to the top 10 ranking:

  1. Employment Growth
  2. Large Share of Engaged Workers

South Burlington, Vermont and the 2020 USA Job Market

South Burlington, VT rose to the #2 spot in 2020, from its #11 spot in 2019. Part of this rise is attributable to Vermont resident’s own migration patterns. Many Vermonters are relocating from remote locations to this metropolitan area.

Vermont as a whole is a small state, and South Burlington has an estimated population of over 19,000 residents. By comparison, Scottsdale has an estimated population of over 255,000 residents. Maricopa County in Arizona (where Scottsdale is located) added over 80,000 residents in 2018.

The University of Vermont’s location in Burlington helps draw residents to the city. Up to a third of Burlington’s residents are in their 20’s. As a result, this makes the city’s population much younger than the rest of the state. Residents are drawn to Burlington for quick and easy access to a wide range of urban amenities, such as:

  • Educational Opportunities
  • Fine Arts
  • Health Resources
  • Jobs
  • Public Transportation
  • Restaurants

What Does This Mean?

Job seekers in the 2020 USA job market should look at several Arizona cities as top places to find a job. Most of the job opportunities in Arizona are in the Phoenix metropolitan area. The leading job sectors in this area include:

  • Construction
  • Education and Health Services
  • Professional and Business Services

Several other cities in the USA are also great places to find a job. Job seekers have a wide variety of locations to consider when looking for a job, from Idaho to Vermont, and from Texas to Massachusetts. Employees looking for jobs should consider looking into the cities that rank high as a best place to find a job.

What Should Employers in the 2020 USA Job Market do?

Employers currently in a city that ranks as a best place to find a job should examine their hiring needs and identify candidates using pre-hire assessments. They should work with a qualified Relocation Management Company (RMC) that can provide a full range of pre-decision services.

Employers may consider relocating new hires or transferees to fill positions in these vibrant cities. They should provide transferees and their family members with as many valuable resources as possible to help increase relocation success.

Conclusion

GMS’ team of domestic relocation experts has helped thousands of our clients understand how to fill positions in the 2020 USA job market. Our team can help your company understand how to use pre-hire assessments to identify qualified candidates. Also, we can help your company design a relocation program following industry best practices that results in higher relocation success rates and greater transferee and family member satisfaction.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s need to fill 2020 USA job market positions, or give us a call at 800.617.1904 or 480.922.0700 today.

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.

Categories
Buy a Home Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Home Purchase Job Market Job Seekers Labor Force Talent Mobility United States Economy

Choose Topeka Incentives Aim to Draw New Residents to Kansas

The Kansas state capitol building is located in downtown Topeka on land donated by the Atchison, Topeka and Santa Fe Railroad company. Construction began in 1866 and was officially completed 37 years later in 1903 at a total cost of just over 3.2 million dollars. The building is over 300 feet tall and is 17 feet taller than the U.S. Capitol building in Washington D.C.

Choose Topeka is a new incentive program that will draw new residents to Topeka and Shawnee County, Kansas. The program begins in 2020 with a public launch and full promotion. The incentives are performance based. As a result, new residents will become eligible after residing in the community for one year.

The program arose from a partnership between GO Topeka and local Topeka businesses. Over the past year, organizers have been working to develop the program and marketing materials to reach a wide audience. GO Topeka focuses on creating economic opportunities and growing the local business climate. The Joint Economic Development Organization has an agreement for services with GO Topeka. Both organizations are working together on the Choose Topeka incentive program.

What are the Eligibility Requirements for Choose Topeka?

The Choose Topeka incentive program is to help draw employees to work at local businesses. Therefore, the eligibility requirements center on meeting the needs of local employers and full-time positions:

  1. Participants must be eligible to work in the US
  2. Program requires participants to move to Topeka for a full-time position
  3. Employers must participate in the program for participants to receive matching funds
  4. Participants must purchase or rent a home in Shawnee County within a year of their hire and move to the area

What are the Benefits for Participants in Choose Topeka?

The benefits for participants in Choose Topeka are generous, and apply to both the participant as well as to the employer.

Participant Benefits

Up to $15,000 in funds in Year 1

  • Renting: $10,000
  • Home Purchase: $15,000

Source of funds: GO Topeka/Joint Economic Development Organization (JEDO) and Employer, match at 50%

Employer Benefits

  • Employer fully funds $10,000 up to $15,000 with employee transfer
  • After Year 1, GO Topeka/JEDO reimburse up to $5,000 ($10K) or $7,500 ($15K) to employer for employee retention

The Choose Topeka incentives are based on performance. Employees must move to the community and reside for at least one full year before becoming eligible. Only primary residences are eligible for the incentives. The incentives may be used for all expenses related to moving.

What is the Goal of Choose Topeka?

The goal of Choose Topeka is to draw up to 60 new residents and their families to the city. Employers will gain new workers with requisite skills. Also, several industries will receive economic benefits as the new residents move in and purchase locally.

GO Topeka estimates the total local economic impact of the Choose Topeka incentives to be:

  • Over $2.14 million/Year 1
  • Up to $11.38 million/By Year 5

What Should Employers do About Choose Topeka?

Companies in Topeka and the surrounding Shawnee County area that have growth initiatives may be able to leverage the Choose Topeka incentives in their talent acquisition and relocation programs. Companies should examine their plans for corporate expansion. They should also consider participating in the Choose Topeka incentive program to gain the matching funds provided by GO Topeka/JEDO.

Many other US locations offer similar moving incentives. As a result, companies should leverage GO Topeka’s 2020 marketing and promotional efforts for the Choose Topeka incentive program into their employee recruitment efforts.

Conclusion

GMS’ team of domestic relocation experts has helped thousands of our clients understand how to leverage moving incentives such as those in the new Choose Topeka program to attract and retain talent. Our team can help your company by using industry best practices to design your relocation program. This will increase your company’s ability to hire and retain new employees.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s interest in learning how it can leverage the Choose Topeka moving incentives to attract and retain talent, or give us a call at 800.617.1904 or 480.922.0700 today.

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Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Job Seekers Talent Mobility United States Economy

2019 Migration Patterns: Where are People Moving To in the United States?

City of trees Boise Idaho with fall colors

A recent study by United Van Lines of 2019 migration patterns in the United States shows which states people are moving to. According to the study, the top 5 states experiencing the highest rates of inbound migration are:

Top 5 States Growing due to 2019 Migration Patterns

  1. Idaho
  2. Oregon
  3. Arizona
  4. South Carolina
  5. Washington

The state of Idaho moves up from #3 to #1 for 2019 migration patterns as the state with the most inbound moves. The state of Vermont actually experienced a higher percentage of inbound moves than Idaho. However, the study’s focus was limited to states where United Van Lines moved at least 250 families.

Trends Driving 2019 Migration Patterns

Examining a number of local as well as national trends and how these trends impact each state helps explain these patterns. For example, over 45% of United Van Lines’ inbound moves were for baby boomers, ages 55-74. What are the trends driving 2019 migration patterns?

Retirement

Many of Idaho’s inbound movers were aged 55-74. Movers in this age range are from the baby boomer generation, and are moving for retirement reasons. For most retirees, Idaho is seen as a tax-friendly state that does not tax social security income. However, other forms of income are taxable. Balancing this out is the relatively low property taxes in the state. Additionally, Idaho has a “circuit breaker” that lowers property tax bills by up to $1,320 for homeowners who meet specific criteria, including:

  • Seniors age 65 or older
  • Own and occupy their home
  • Health and ability issues
  • 2019 income less than $30,450

State Economic Performance

The forecast for Idaho’s economic performance continues to be positive. A major contributing factor is population growth due to 2019 migration patterns. Also, the state has a strong job market with a diverse employment base. The personal income growth for Idaho is projected at or above 4.5%. As a result, increasing discretionary income leads to higher levels of purchasing power and upward growth in local jobs.

Cost of Living

The cost of living in Idaho is 2.3% lower than the US average, according to Sperling’s Best Places. 2019 migration patterns show that people often move to places with lower costs of living. Residents of Idaho benefit from generally lower costs in several categories including groceries, health, utilities, transportation, and miscellaneous costs.

However, with the increasing population, housing costs are rising in Idaho. The Idaho market is seen as “Very Hot” according to Zillow. Home prices have risen over 10.1% in 2019, and Zillow predicts another rise of 5.8% for 2020.

What Do 2019 Migration Patterns in the United States Mean for Employers?

Employers in the states of Idaho, Oregon, Arizona, South Carolina, and Washington benefit from 2019 migration patterns that draw an increasing number of new residents. Expanding industries produce increasing job opportunities. As a result, communities grow and need services such as real estate, health programs, and insurance. Demand for employees may be particularly strong especially during tight labor markets.

What should Employers do?

Employers in locations that benefit from 2019 migration patterns in the United States should review their company’s growth plans and requirements for jobs across all levels of skill sets. They should also determine how their company’s growth plans will impact the jobs required to meet business plans and goals.

2019 migration patterns in the United States may lead to a growing local population and potential future workforce. Since the nation is experiencing low unemployment, employers should review their talent acquisition and management programs to ensure they remain competitive to attract and retain new hires and transferees. Relocation Management Companies (RMCs) can provide expert assistance to employers to benchmark their relocation policies and add enhancements that attract talent.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients develop relocation programs that attract and retain qualified employees. Our team can help your company determine how to leverage 2019 migration patterns in the United States for talent acquisition and management.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s relocation program needs. Give our experts a call at 800.617.1904 or 480.922.0700 today.

 

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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Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Job Market Job Seekers Labor Force

What are the Fastest Growing Jobs in Nevada?

LAS VEGAS, USA - JULY 14 : World famous Vegas Strip in Las Vegas, Nevada as seen at night on July 14, 2016 in Las Vegas, USA

What are the fastest growing jobs in Nevada? Known as “The Silver State” for the mid-1800’s silver rush, Nevada’s overall economy is the 8th best in the nation according to US News and World Report’s Best States Rankings. Nearly 75% of the state’s residents reside in Clark County. This county contains three of the state’s largest metropolitan areas, including:

Each of these cities carries its own identity, but are situated near each other in the metropolitan area. As a result, they often share borders, industries, employers, and employees. These cities are also considered best places to live in Nevada.

In addition to having a healthy overall economy, Nevada scores favorably in other rankings such as:

The Southwest region as a whole continues to experience high economic growth, including Nevada. The state’s economic outlook remains positive due to several underlying indicators including:

  1. Consumer spending
  2. High rate of taxable sales
  3. Increasing personal income
  4. Population growth
  5. Rising employment

Fastest Growing Jobs in Nevada

Any list of the fastest growing jobs is subject to change, depending on economic factors including availability of qualified employees, consumer spending patterns, and technological changes. However, recent studies show the fastest growth in these Nevada jobs:

Building Industry Jobs

  • Cement Mason

Electrical Jobs

  • Electrical System Assemblers
  • Licensed Electricians

Industrial Jobs

  • Industrial Engineers
  • Inspectors
  • Machinists

Manufacturing Jobs

  • Assemblers
  • Assembly Line Leaders
  • Production Operators

Service Jobs

  • Taxi and Shared Ride Drivers

Highlight on Industries in Las Vegas, Nevada

Las Vegas is the largest city in Nevada, with over 600,000 residents in the city proper. There are nearly 2.3 million residents in the entire Las Vegas metropolitan area. Las Vegas is one of the most famous resort cities in the United States, known for its world-renowned nightlife and entertainment options.

Las Vegas is known as “The Entertainment Capital of the World,” and is home to many large casinos, hotels, resorts, restaurants, and theaters. The city annually hosts many business conventions and is a global leader in the hospitality industry. Las Vegas annually ranks as one of the world’s most visited tourist destinations, with over 40 million visitors spending over $100 billion in the economy.

Major Employers in Las Vegas, Nevada

Within the Las Vegas metropolitan area, the major employers include several globally known names within the hospitality industry, including:

  1. Boyd Gaming
  2. Caesar’s Entertainment
  3. California Hotel and Casino
  4. Clark County School District
  5. Coast Casinos Inc
  6. Déjà vu Worldwide
  7. Diamond Resorts
  8. Dreyer’s
  9. Las Vegas Sands
  10. MGM Grand Las Vegas
  11. The Mirage – MGM Resorts
  12. MGM Resorts International
  13. Perry Johnson & Associates
  14. Scientific Games
  15. Southwest Gas Holdings
  16. The Cosmopolitan of Las Vegas
  17. The Mirage Resort and Casino
  18. The Venetian Las Vegas
  19. Wynn Las Vegas
  20. Wynn Resorts

Largest Industries in Las Vegas, Nevada

The largest industries in Las Vegas include:

  • Education
  • Food Products (Ice Cream)
  • Gaming
  • Healthcare Information Technology
  • Hospitality
  • Utilities

What Should Job Seekers do?

Job seekers should investigate the fastest growing jobs in Nevada for opportunities. A number of resources are available to learn about jobs and careers in Las Vegas. Professional networks such as Linkedin often provide a wealth of information on companies and contacts. Job seekers may want to focus on a specific location such as Henderson or North Las Vegas, and then narrow down their search by industry in Henderson or industry in North Las Vegas to specific job type. Job seekers should utilize professional career services to enhance their job search and achieve success in their career objectives.

Thriving locations such as Las Vegas often have many top tourist destinations. All of these destinations need job seekers to fill local employment opportunities in related and service industries, from Helicopter Pilot for tours over the city, to caring for the marine animals as an Aquarist at the Shark Reef Aquarium.

What Should Employers in Nevada do?

Employers in Nevada should examine their employment needs as economic growth fosters competition for job seekers with requisite skills and training. They should review their relocation program to determine if it benefits their talent acquisition goals and corporate objectives. Employers should work with a Relocation Management Company that has the knowledge and expertise to help them design a relocation program that promotes global talent acquisition.

Conclusion

GMS’ team of domestic relocation experts has helped thousands of our clients develop hiring and recruiting programs to attract highly skilled job seekers. Our team can help your company determine how to attract job seekers looking for employment opportunities in Nevada, or any other location around the world.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s recruiting, hiring, and relocation program needs in Nevada, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends United States Economy

What Does the 2020 US Rental Market Look Like?

A scene from Downtown Scottsdale at dusk with a canal and reflections in the foreground. Scottsdale is part of the Phoenix Metropolitan area.

Employers with plans to relocate employees either to US cities or between two different US cities should be sure to understand the 2020 US rental market dynamics. Each rental market is unique, and rents vary depending on a variety of factors. The number of units available for rent, business and economic growth, and even weather and climate patterns can impact rents. A regular review of the state of the 2020 US rental market can uncover opportunities for transferees to consider new assignments as different markets experience changes in rental affordability.

2020 US Rental Market on a National Basis

For the 2020 US rental market, CBRE Research identifies the following top 4 major metropolitan areas for continuing rental market demand:

  • Atlanta, Georgia
  • Austin, Texas
  • Boston, Massachusetts
  • Phoenix, Arizona

Specifically, multifamily rents in suburban locations will rise faster than those in central urban cores due to stronger demand within high-growth areas.

On a national basis, rents over the past year are 1.4 percent higher, less than the current 1.8% overall rate of inflation, and less than the average hourly earnings rate increase of 3.0 % over the past 12 months, according to an analysis prepared by online rental marketplace ApartmentList.com.

2020 US Rental Market Large Cities with Fastest Rising Rents

The fastest rising rents for the 2020 US rental market among large cities is the city of Mesa, Arizona, heading into 2020 after experiencing an increase of 5% over the past year. This rate of growth is more than three times the national rate of rent increases. Why is Mesa experiencing such a fast increase in rents?

According to the Rental Housing Journal, renters looking to move to the Phoenix metropolitan area are most likely to be searching from the city of Los Angeles, California. Residents of Los Angeles appear to be relocating to Arizona rather than commute from more affordable locations in California.

Inland Empire cities such as Moreno Valley, Riverside, and San Bernardino all offer more affordable housing options than Los Angeles. Many of these cities are highly desirable locations to live, work, and raise a family. However, commuting times to work from these cities are often lengthy and filled with delays. Over 53% of Moreno Valley residents experience commuting time over 30 minutes. Comparing Moreno Valley commute times to the US average shows that residents of Moreno Valley consistently face longer commuting times:

Commute Time Comparison Over 30 Minutes: Impacts the 2020 US Rental Market

 Moreno Valley, CaliforniaUS Average
Commuting 30 to 34 minutes17.5%13.7%
Commuting 35 to 39 minutes4.0%2.9%
Commuting 40 to 44 minutes5.0%3.9%
Commuting 45 to 59 minutes9.8%8.1%
Commuting 60 to 89 minutes9.7%6.2%
Commuting more than 90 minutes7.4%2.7%

What Makes Mesa, Arizona a Top Location for the 2020 US Rental Market?

Job Growth

Among large US cities, Mesa is uniquely positioned in the state of Arizona to capitalize on a number of factors. Proximity to Phoenix is key, with Mesa being only 15 miles to the east. Also, the city of Scottsdale, a major job hub and generator, is just 12 miles to the north. In 2019, Scottsdale ranked as the #1 best city to find a job according to CNBC Make It.

Mesa, Phoenix, Scottsdale, and many other cities in the metropolitan area are experiencing tremendous growth in jobs, impacting the 2020 US rental market. As noted by Arizona Governor Doug Ducey, the state of Arizona ranks #2 in the US for year-over-year job growth, according to the US Bureau of Labor Statistics. Sperling’s Best Places reports that Mesa has seen its job market increase by 3.3% over the past year. Additionally, future job growth in Mesa is projected to be 47.1%, much higher than the US average of 33.5%. Growth in jobs is a driving factor for rising rents in the 2020 US rental market.

Cost of Living Impact on 2020 US Rental Market

The cost of living in Mesa is just 4% higher than the average cost of living in the US. The average cost of most consumer items including groceries, health, utilities, and miscellaneous items is at or below the US average, so the 2020 US rental market reflects strong demand. Mesa’s cost of living compares favorably with many other nearby cities such as Chandler, Gilbert, Scottsdale, and Fountain Hills.

Population Growth

As the Phoenix metropolitan area’s jobs and economy continue to grow, more residents are drawn to Mesa. As a result, the 2020 US rental market analysis clearly shows demand for housing places upward pressure on rents.

The city of Mesa as well as private developers are actively pursuing several construction projects that will increase the number of rental units. The city is constructing a building downtown in an effort to attract Arizona State University classes by spring of 2022. According to investors, Mesa is seen as “next” in line for development, since the city has light rail service, and is centrally located to many other Valley destinations.

Following Mesa in the rising rent category for large cities are Henderson, Nevada (suburb of Las Vegas) at 4.3%, and Phoenix, Arizona at 3.9%, due to increasing job growth and continually expanding populations.

2020 US Rental Market Areas with Declining Rents

The largest decline in rents (2% or more) is occurring in these three US cities:

  • Dearborn Heights, Michigan: -5.2%
  • Pascagoula, Mississippi: -2.3%
  • Bismarck, North Dakota: -2.0%

Dearborn Heights, Michigan is a suburb of Detroit. It ranks as #31 in the best places to raise a family in Wayne County, Michigan. The city is experiencing a weak job market and other quality of life issues that negatively impact its rental market.

Pascagoula, Mississippi has been experiencing a decline in population, matching a decline that has been persistent across the state of Mississippi for several years. By comparison, Bismarck, North Dakota, the state’s capital city, is experiencing a stronger and stable housing market that appears to be drawing residents toward single-family homes. As a result, the 2020 US rental market for Bismarck shows a trend away from apartments. Also, jobs are slightly declining in Bismarck so there is little upward pressure on rents.

Conclusion

GMS’ team of domestic relocation experts has helped thousands of our clients understand how to respond to changing rental market dynamics. Our team can help your company determine how to leverage the 2020 US rental market for transferees.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to learn more about how the 2020 US rental market might impact your company’s corporate growth initiatives, or give us a call at 800.617.1904 or 480.922.0700 today.

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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