Categories
Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Tips Household Goods Relocation Best Practices Relocation Management

Best Practice for Relocation: Multiple Bids for Mortgage Services

Learn how a multiple-bid process can keep relocation costs in check

Very few people will walk into a car dealership, point to a vehicle, and say, “Let’s sign a contract.” Most of us will compare the prices offered by a few area dealerships. When the salespeople know that they have competition, they begin reducing the vehicle’s initial cost.

However, many relocation management companies (RMCs) either own or are owned by mortgage companies. Therefore, when a client company wants to move its employees, the employees do not have a choice of lenders. The RMC and the mortgage lender know that the transferee is at their mercy concerning price, scheduling, and customer service.

Some RMCs use a multiple-bid process to ensure that transferees are getting the best price and service. There are some significant benefits to going through an RMC and having their mortgage lenders compete for relocation business:

Lenders are motivated to offer competitive rates and minimal closing costs. They are willing to be flexible with their approval criteria for individuals referred by an RMC. These borrowers can access special discounts and mortgage programs exclusive to RMC referrals. To ensure the best deal, at least three lenders submit bids for the borrower to compare mortgage estimates. These estimates are based on the borrower’s financial capacity, loan amount compared to property value, and the terms of available mortgage programs. This process is considered a standard practice for optimal results.

Each lender understands that its objective is to win the business. Therefore, they provide mortgage estimates that are fair and accurate with relatively no cushion to the costs.

Helping Keep Relocation Costs in Check

When utilizing multiple bids for mortgage services, transferees save an average of .32% on their mortgage rate. What does this mean for transferees? The lower rate will allow transferees to explore more options, such as larger houses, better neighborhoods, or simply enjoying the monthly savings.

With multiple lenders providing bids, transferees can compare and choose the best mortgage rate. This saves them money in the long run and gives them the flexibility to consider different housing options that may have been out of reach with a higher mortgage rate. Ultimately, this process helps keep relocation costs in check and allows transferees to make the most of their new living situation. With the potential savings on their mortgage rate, transferees can focus on settling into their new home and community without the added financial stress.

While cost is essential, so is the transferee’s experience. Allowing the transferee to meet with multiple mortgage lenders will engage him or her more in the relocation process. This promotes an overall good experience because transferees tend to be happier if they feel that they are being heard throughout the relocation process. And we all know that happy employees are productive employees.

GMS Offers Companies Freedom of Choice

Global Mobility Solutions (GMS) pioneered the “Freedom of Choice” model in relocation. By providing multiple bids for an array of providers, client companies and their transferees have saved money on services like household goods movement and mortgage loans. GMS continues innovating best-practice workforce mobility programs to make relocations easy and practical for clients and their employees.


This unique approach gives companies more control over their relocation budget and ensures that transferees have options that best suit their needs. By offering freedom of choice, GMS can tailor relocation packages to fit the specific requirements of each individual or family, making the entire process more personalized and efficient. This not only saves the company money but also helps reduce stress and uncertainty for the transferee, leading to a smoother transition and a more positive experience overall. With GMS leading the way in innovative relocation solutions, companies can trust that their employees will be cared for during the relocation process.

What's happening in your industry? Request a Courtesy Benchmark report

At GMS, we make it a priority to know how talent mobility is changing in each major industry. What are the best practices? How are other companies changing their programs to retain a competitive edge? Your Mobility Pro will be in touch within 1 business day to help answer your questions and benchmark your industry.

Categories
Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Employee Development

A Detailed Look at Relocation Packages and Costs

Here’s a quick breakdown of expected costs associated with relocation packages

When a company covers the cost of your relocation, they are not just providing financial assistance and a sense of security and support. This is done through a relocation package, which typically includes services such as:

Services include packing, transportation of belongings with transit insurance, payment for truck rental or moving container costs, help with selling and finding a new home, temporary housing, assistance with vehicle shipping, and coordination of international moves.

Employees can receive relocation packages in various ways. One option is a lump sum, where the employee is given a set amount to cover all relocation costs. Another option is reimbursement, where the employee pays for expenses upfront and is reimbursed by their employer after the relocation.

Occasionally, a company may collaborate with a moving service to manage employee moves. This approach is known as direct billing, where the moving company sends the bill directly to the employer for payment.

Certain employers provide tiered relocation packages based on length of service and individual or family circumstances. These packages may include a mix of the services mentioned earlier. It is crucial for employees to thoroughly examine and comprehend the relocation package offered by their employer before making any decisions. Some packages may offer extra perks like temporary housing, assistance with property transactions, or even language and cultural training for international moves. It is advisable for employees to openly communicate with their employer regarding any specific requirements or worries they may have throughout the relocation process. 

 

By working together, the employer and employee can ensure a smooth and successful transition to a new location. Employees should also take the time to research the cost of living in their new location to ensure that the relocation package adequately covers their needs. Considering housing prices, transportation costs, and healthcare expenses is crucial when evaluating the package’s overall value. Additionally, employees should be aware of any tax implications arising from the relocation, such as potential deductions or reimbursements for moving expenses.

In some cases, employees may be able to negotiate certain aspects of their relocation package with their employer. This could include requesting additional benefits or adjusting existing ones to suit their circumstances better. It is essential for employees to approach these negotiations professionally and to communicate their needs and expectations.

Overall, a well-structured and comprehensive relocation package can significantly benefit the employer and the employee. By taking the time to understand the details of the package, communicate openly with their employer, and consider the cost of living in their new location, employees can ensure a successful and stress-free transition to their new home.

What GMS Does to Keep Costs Down

Clients opt for Global Mobility Solutions’ business approach due to its flexibility to them and their transferees. This enables clients to collaborate with top-notch service providers worldwide. Unlike most relocation companies, GMS is independent and not tied to any specific real estate, household goods, or third-party service provider. This independence allows GMS to establish strong partnerships with leading providers globally, who work closely with GMS to meet clients’ needs effectively. The extensive network of partners enables GMS to offer personalized, real-time support to clients, ensuring a smooth relocation process for both the individual and their family.

GMS offers our clients the opportunity to save money by leveraging our provider network and utilizing our Pre-Decision Program. By engaging with clients early in the relocation process, before a final decision is made, GMS can assist in reducing relocation failures, improving job acceptance rates, providing a precise budget, avoiding transferee/assignee rejection, identifying home sale issues, simplifying house hunting trips, and minimizing policy deviations.

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
Corporate Relocation Domestic Relocation Domestic Relocation Challenges Employee Development Global Mobility Global Relocation

The Role of Mobility Consulting in Modern Businesses

Successful relocations involve logistics and setting employees up for success in a new location. This is where mobility consulting in modern businesses gains immense value. Mobility consulting addresses each stage of relocation with a hands-on approach, seeing that nothing is overlooked and every employee’s needs are fully met. Mobility consultants are there to navigate complex visa procedures, coordinate housing, and even provide local support. As a result of their dedication and expertise, businesses save on costs, reduce employee stress, and ensure that talent is ready to thrive from day one. Let’s dive deeper into how mobility consulting transforms relocation into a strategic asset for businesses and employees.

What is Mobility Consulting?

Mobility consulting refers to the specialized services that help businesses manage employee relocations effectively.

Mobility consultants work with organizations to develop tailored relocation policies aligning with company goals and employee needs.

These experts bring a wealth of knowledge to the table, covering:

  •       Legal compliance
  •       Tax implications
  •       Cultural training
  •       Local market insights
  •       etc.

Their role is crucial in today’s global workforce, where companies often face diverse regulations and employee expectations.

Benefits of Mobility Consulting for Businesses

Mobility consulting brings several benefits that can significantly enhance your relocation strategy.

Enhanced Efficiency

Mobility consultants streamline the relocation process, allowing your HR team to focus on strategic initiatives rather than getting bogged down in logistical details. With their expertise, relocations can be completed more quickly and smoothly, minimizing employee downtime.

Cost Reduction

Navigating relocations without expert guidance can lead to unexpected expenses. Mobility consultants help identify cost-saving opportunities, such as negotiating better rates with service providers and optimizing relocation packages to fit within budget constraints.

Improved Employee Experience

A positive relocation experience sets the tone for an employee’s new role. Mobility consultants ensure employees receive personalized support, from finding suitable housing to connecting them with local resources. By handling these details, you can make it easier on your employees during a potentially stressful time and boost employee morale and retention.

Increased Flexibility

As business needs change, so do relocation requirements. Mobility consultants offer flexible solutions that can adapt to different circumstances, whether short-term assignments or permanent moves.

The Role of Mobility Consulting in Modern Businesses: Where Does It Make an Impact?

Mobility consulting plays a massive role in several areas of the relocation process, offering targeted support that makes relocations easier to bear.

Here’s a closer look at the areas where mobility consulting has a direct impact.

Workforce Mobility

Mobility consultants develop strategies that cater to the needs of a mobile workforce. They create frameworks that ensure each relocation aligns with your company’s policies while addressing the needs of each employee. By focusing on mobility as a business strategy, consultants help companies respond swiftly to new market opportunities.

Mobile App Development

Mobility consultants also often assist with implementing digital tools and mobile apps that allow employees to track their relocation progress, access essential resources, and receive updates in real-time. This technology-driven approach improves transparency and enhances the overall relocation experience for employees.

Data Security and Compliance

Relocating employees often involves handling sensitive information, which requires strict adherence to data protection regulations. Mobility consultants ensure that every part of the relocation process complies with local and international laws, protecting the company and its employees.

Integration with Existing Systems

Seamless integration between relocation processes and existing HR and payroll systems is required to avoid administrative bottlenecks. Mobility consultants help ensure that the systems used in relocation are aligned with your current infrastructure, helping track costs, monitor progress, and keep everything running smoothly. This integration also improves data accuracy and allows for better analysis of relocation metrics, which supports future decision-making.

The Main Takeaway

Mobility consulting in modern businesses provides the expertise needed to mitigate the complexities of employee relocations. Mobility consultants turn relocations into strategic advantages by enhancing efficiency, reducing costs, and improving employee experiences. As you consider your relocation strategy, remember that investing in mobility consulting simplifies logistics and sets your employees up for success in their new roles. Embrace this valuable resource, and watch your business thrive in new markets.

Categories
Corporate Relocation Domestic Relocation Domestic Relocation Trends Global Mobility Global Relocation Global Relocation Challenges Global Relocation Tips Global Relocation Trends

Addressing data protection and security issues in your global mobility initiative

Learn why data privacy is essential for relocation management companies

Ransomware, phishing, hacking, malware, botnets, viruses, spyware, and worms are some cybersecurity threats we face today. One doesn’t need to be an IT expert to recognize that data security risks are significant in our digital age. With personal information now crucial for businesses, conversations on data privacy and protection have moved from technical departments to executive meetings. As companies handle increasing amounts and worth of data, the associated risks also escalate.

The European Union’s General Data Protection Regulation (GDPR) is a widely recognized and established security standard that mandates companies safeguard individuals’ personal information and privacy in the EU and data related to transactions within EU countries. Failure to comply with these regulations can result in hefty financial penalties, fines, and considerable harm to a business’s reputation.

How can you ensure you stay ahead of these challenges?

As your traveling employees move globally, they anticipate that you and your service providers will safeguard their personal information. Organizations have an obligation to their workforce to ensure the protection of sensitive and private data. This duty involves collaborating with reliable partners and vendors who emphasize data privacy and security in their practices. 

Below are five data privacy processes we consider essential for your company, partners, and vendors.

  1. Conduct Regular Risk Assessments: It’s crucial to evaluate the potential risks associated with data handling regularly. This involves identifying vulnerabilities in your systems and processes and assessing your partners’ security measures. By understanding where the risks lie, you can take proactive steps to mitigate them.
  2. Implement Strong Data Encryption: Protecting sensitive information through encryption is a fundamental practice. Ensure that both your company and your vendors use robust encryption methods for data at rest and in transit. This adds an extra layer of security, making it much harder for unauthorized individuals to access personal information.
  3. Establish Clear Data Access Policies: Define who has access to personal data and under what circumstances. This should include strict guidelines on data sharing and handling. Ensure all employees and partners are trained on these policies to prevent unauthorized access and potential breaches.
  4. Regularly Update Software and Systems: Keeping your software and systems up to date is essential for protecting against vulnerabilities. Ensure your company and vendors are committed to regular updates and patches. This helps to close security gaps that cybercriminals could exploit.
  5. Create an Incident Response Plan: Despite best efforts, breaches can still occur. Having a well-defined incident response plan in place is vital. This plan should outline the steps to take in the event of a data breach, including how to notify affected individuals and regulatory bodies. Regularly review and practice this plan to ensure everyone knows their role in the event of an incident.

Implementing these essential data privacy processes can significantly reduce non-compliance risk and protect employees’ personal information. Remember, data privacy is not just a legal obligation; it’s a commitment to your employees and their trust in your organization.

GMS Takes Data Privacy Serious for Global Mobility Programs

Regardless of whether you are collaborating with a relocation management firm or overseeing your mobility program internally, it is essential to pose these two critical inquiries:

Has your mobility program been committed clearly to data privacy and protection over the past six months?

Does your organization or relocation provider adhere to the trust services principles outlined in a SOC 2 certification?

If your response to either question is “No,” it is crucial to reassess your data security and compliance measures. Global Mobility Solutions (GMS) is one of the few relocation companies holding SOC 2 certification. Contact GMS today to discover how we safeguard your information and data throughout your relocation management program. You can call us at 800.617.1904 or 480.922.0700 for more information.

Our cloud-based relocation technology is designed to help you streamline your company’s relocation management.

Categories
Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Home Purchase

How to Overcome Housing Challenges During Relocation Process

Learn how to navigate through real estate challenges while relocating for a job

Inventory shortages are still a significant issue in real estate markets nationwide. Buyers often find themselves in bidding wars, pushing prices above the listing price. Many are forgoing property inspections, risking purchasing a home with potential problems that may only surface later. 

This could lead to costly repairs, decreased property value, or issues during resale. Some states have non-refundable due diligence fees, while others require option money. Failing to meet contract requirements in these states can result in financial loss for the buyer. Sellers may prefer offers with fewer contingencies in states with refundable earnest money. Overall, navigating the real estate market in these conditions can be challenging for buyers and sellers alike.

This trend of homeowners staying longer has also been influenced by the uncertainty in the housing market due to the ongoing market changes. With the rise in remote work opportunities, many homeowners opt to stay put and improve their homes rather than go through the hassle of selling and buying a new property. This has further exacerbated the already limited supply of homes on the market.

As a result, potential buyers are facing stiff competition and bidding wars, especially in desirable neighborhoods. The combination of low inventory and high demand has increased home prices, making it even more challenging for first-time buyers to enter the market. Additionally, the increase in interest rates has made it more expensive to borrow money for a mortgage, further squeezing buyers’ purchasing power.

Overall, the current housing market is characterized by high prices, low inventory, and increased competition, making it a challenging environment for buyers and sellers. It remains to be seen how these trends will evolve in the coming months as the economy continues to change.

Why It’s Important to Work with an Agent Who Specializes in Relocation

Relocation management companies (RMC) recommend that relocating employees choose an agent from their approved real estate network. This ensures that the agent is knowledgeable about relocation policies and understands the intricacies of the moving process. By doing so, the relocating individual can make the most of the benefits offered through the home-sale program. Those who follow their company’s designated home sale program typically sell their homes faster, experience less stress during the move, and are prepared to start their new job upon arrival. 

By utilizing your home sale program provided by an RMC, the primary contact at your relocation company can manage the complete moving process for you – from the evaluation of your relocation needs to the transportation of your belongings and, ultimately, the completion of the sale of your home. Furthermore, relocation real estate firms will provide you with a list of potential agents to consider before making a decision, empowering you to make the final choice.

Real estate agents who lack experience in the relocation process may need to be more proactive, skilled in maximizing savings and profits, or knowledgeable about effectively utilizing relocation benefits. Their lack of understanding of corporate relocation procedures could delay selling your home.

Work with GMS to Overcome Relocation Challenges

Our Global Mobility Solutions (GMS) team has years of experience handling corporate relocations and understands the intricacies of selling a home during this process. We have a network of trusted real estate agents who are experts in relocation transactions and can help you navigate the entire process seamlessly.

By working with GMS, you can rest assured that your home sale will be handled efficiently and effectively, maximizing your savings and profits. Our team will work closely with you to ensure you fully understand all the relocation benefits and how to maximize them.

Do not let inexperience or a lack of knowledge about relocation procedures prevent you from selling your home. Contact us today to speak with one of our relocation specialists, who can provide you with the guidance and support you need to sell your house successfully during a corporate relocation. We are here to help you every step of the way.

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
Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Household Goods Relocation Best Practices Relocation Policy Review Relocation Programs

Lump Sum Relocation Packages: What are the Advantages? What are the Disadvantages?

What are lump sum relocation packages?

Global Mobility Solutions recently surveyed its clients to determine the impact of lump sum relocation packages on their organizations. Industry trends arising this year are having a direct effect on transferees. Often, these trends become visible through business intelligence and data analytics.

Lump sum relocation packages are a specific amount of money that employers offer to transferees or new hires. This money replaces relocation benefits such as household goods moves, culture and language training, or home-finding assistance. Employers expect employees to receive a lump sum payment to manage their relocation process.

Advantages of Lump Sum Relocation Packages

The advantages of lump sum relocation packages relate to helping employers simplify the process. The main benefit is that employers and their mobility managers have fewer complications around relocation support. Providing support during an employee’s relocation is reduced to answering questions about when the lump sum funds will be available. Additionally, lump sum packages allow employees greater flexibility in how they choose to spend the money. Instead of being tied to specific services, employees can allocate funds according to their unique needs and preferences. For instance, some may prioritize hiring professional movers, while others might opt for temporary housing or travel expenses. This autonomy can lead to a more personalized and satisfying relocation experience.

Lump sum packages also encourage employees to take responsibility for their relocation. With a set amount of money, employees must plan and budget their expenses wisely. This can foster a sense of ownership over the relocation process as they make decisions that best suit their circumstances. It can also lead to more thoughtful planning as employees weigh the pros and cons of different options.

Budgeting and Forecasting

Another simplification for employers revolves around budgeting and forecasting. Instead of working to understand the actual costs of hiring new employees or transferring employees from one location to another, the budget process is tied to a number that is applied across the board based on tiers in the relocation program. An executive homeowner with a family relocating from Duluth, MN, to New York, NY, is given the same lump sum payment as another executive renter relocating from Las Vegas, NV, to Fort Wayne, IN. The renter will pocket a significant amount of money. However, the homeowner will not have enough funds to move their family.

Disadvantages of Lump Sum Relocation Packages

Lump-sum relocation packages make administration and budgeting more accessible for employers. However, there are several disadvantages employers are beginning to see in their organizations. First among these disadvantages is that many lump sum payments do not adequately cover all of an employee’s relocation costs. GMS’ 2019 Lump Sum Survey shows that employees spend more, sometimes significantly more, on their relocation than their lump sum payment. This includes:

  • 61 % of homeowners reported spending more
  • 50% of renters reported spending more

Employee Dissatisfaction

Ultimately, more than half of relocating employees need more lump sum cash to cover expenses. Naturally, this results in a higher level of dissatisfaction with the organization’s lump-sum relocation packages. Overall, dissatisfaction with lump sum payments follows these patterns:

  • 58% of homeowners reporting dissatisfaction
  • 53% of renters reporting dissatisfaction

Loss of Control

A significant disadvantage is the employer’s loss of control over spending budget dollars. Lump sum relocation packages disbursed directly to employees may result in company funds being spent on non-relocation expenses, including cars, televisions, vacations, or other items. Funds spent on non-relocation costs do not support the successful relocation of the employee. As a result, the relocation may be at a higher risk of failure. 

Additionally, this lack of oversight can lead to inconsistencies in how employees utilize their relocation funds. Some may prioritize essential moving expenses, such as hiring professional movers or securing temporary housing, while others might allocate their budgets toward personal indulgences. This disparity can create a sense of inequity among employees, as those who spend wisely may still face challenges in their relocation process. In contrast, others may find themselves financially comfortable but unprepared for the logistical aspects of moving.


Moreover, the unpredictability of lump-sum payments can complicate the relocation experience. Employees may underestimate the true costs associated with moving, leading to financial strain when unexpected expenses arise. For instance, last-minute repairs on a home, increased transportation costs, or the need for additional storage can quickly deplete the funds, leaving employees feeling stressed and unsupported.

To address these issues, organizations might consider offering more structured relocation packages that balance flexibility and support. For example, a tiered approach could allow employees to access funds based on specific needs, prioritizing essential relocation expenses while giving them autonomy over their choices. This way, companies can maintain better control over their budgets while enhancing employee satisfaction and reducing the risk of relocation failure.
Ultimately, a thoughtful approach to relocation packages can foster a more positive employee experience, leading to smoother transitions and greater overall satisfaction with the organization’s support. By recognizing the complexities of relocation and adapting their strategies accordingly, employers can create a win-win situation that benefits both the company and its employees.

Inefficiencies

Many GMS clients achieve significant spending reductions with relocation programs that follow industry best practices. A major GMS client recently conducted an in-depth study of their relocation program expenses. This client learned that if their organization moved to a lump sum program, they might increase their relocation program expenses by 40%. In other words, by following industry best practices, this client keeps relocation budget dollars that otherwise would have been spent on inefficient lump-sum relocation packages. Any GMS client can achieve the same reduction in relocation costs through:

  1. Benchmarking their relocation policy to industry best practices
  2. Efficient relocation program operation
  3. Providing support to transferees that they need
  4. Using business intelligence and data analytics to understand the actual costs of their relocation program
  5. Utilizing a competitive vendor network of relocation service providers

What Does This Mean?

Companies that offer lump sum relocation packages could save a significant amount of budget by following industry best practices. Lump sum payments let employers simplify their internal support, budgeting, and forecasting processes. However, this simplification may cost employers up to 40% or more of their relocation budget. It also results in over half of transferees reporting dissatisfaction with their relocation packages.

What Should Employers Do About Lump Sum Relocation Packages?

Employers with transferees or new hires who are recent college graduates, individual contributors, or new to their professional careers may be the best candidates for lump sum relocation packages. These employees are often renters and may not have a significant amount of household goods to move to a new location. Also, they tend not to require a significant investment in talent acquisition, as they compete for lower-tier positions.

Industry best practice is to provide a range of benefits for employers who have new hires and transferees at higher tiers. Employees at higher tiers often require a significant investment in talent acquisition. Benefits that help ensure successful relocations also result in higher employee satisfaction.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to create relocation policies that attract and retain talent. Our team can help your company provide the best experience for transferees and new hires with lump-sum relocation packages.

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 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 your company can leverage lump sum relocation packages for new hires and transferees, 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.

Categories
Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Global Mobility Global Relocation

Complete Guide to Relocating with Children

Moving for work can be a stressful time; here’s a guide to help with your kids

Relocating for work can take time, whether within the same area or in a different city. And it can become even more intricate when you have young kids to consider. Your children compete for your focus during the entire procedure and may experience unease about the upcoming changes. However, it can be an easier transition if your employer provides relocation services for you and your family. 

Understanding how a relocation will impact your kids can assist you in getting ready for the changes and difficulties that lie ahead. We aim to provide you with helpful advice to make the transition easier. First and foremost, check with your relocation management company (RMC) to see what kind of family support services they provide for relocating employees. 

Moving can be just as stressful for children as it is for adults. According to a study published in the Journal of Personality and Social Psychology, the emotional impact of moving can have long-lasting effects on children’s mental well-being, which can persist into adulthood. This includes difficulties in forming social connections and a strong sense of identity. The consequences of moving can be particularly challenging for introverted or anxious children and those with rigid personalities, who may find it harder to make friends and develop a strong sense of self-worth.

How to Handle Relocating with Kids of All Ages

Many RMCs offer various family support services to help ease your children’s transition. These services include finding suitable schools or educational programs in the new location. It’s essential to ensure that your children’s education is not disrupted during the move, as this can further contribute to their stress and anxiety.

Additionally, some RMCs provide resources for finding extracurricular activities and clubs that align with your children’s interests. These activities can help them meet new friends and develop a sense of belonging in their new community. Whether joining a sports team, participating in art classes, or joining a scouting group, these activities can provide a much-needed sense of stability and routine during the relocation process.

Furthermore, RMCs may offer counseling services for children struggling with the emotional challenges of moving. Professional counselors can help children navigate their sadness, anxiety, or loneliness, providing them with the necessary tools to cope with the changes. These services can be invaluable in supporting your children’s mental well-being and helping them adjust to their new environment.

In addition to the services provided by the RMC, there are steps you can take as a parent to support your children during the relocation. Open and honest communication is vital. Sit down with your children and discuss the upcoming move, addressing their concerns or fears. Encourage them to express and validate their emotions, letting them know that it’s normal to feel a range of emotions during this time.

It’s also essential to involve your children in decision-making when possible. Allow them to have a say in the move, such as choosing their new room decor or exploring potential neighborhoods. This can help them feel a sense of control and ownership over the changes in their lives.

Lastly, try to explore the new community together as a family. Take walks around the neighborhood, visit local parks, and discover nearby attractions. Familiarizing yourselves with the new surroundings can help your children feel more comfortable and excited about their new home.

By utilizing the family support relocation services provided by your RMC and implementing these strategies, you can help alleviate some of the stress and challenges that come with relocating for your children. Remember, their emotional well-being is just as important as the logistics of the move, and by prioritizing their needs, you can ensure a smoother transition for the entire family.

GMS Makes It About the Whole FamilY

As a family moves more often, maintaining stability becomes increasingly crucial. It is vital to be well-prepared and actively engaged when relocating children, regardless of age. Children must be aware of the plan for the move, feel involved in the process, and have a positive anticipation towards the relocation.

When parents provide adequate assistance, relocating can benefit children, enhancing their self-assurance and nurturing their ability to interact with others.

Global Mobility Solutions (GMS) offers comprehensive assistance and tools for transferees and their families to guarantee smooth relocations. The team of experts at GMS specializes in corporate relocation. It can assist your company in evaluating potential candidates for assignments and providing top-notch relocation services for your employees and their loved ones.

Contact our team of professionals to explore how we can enhance your relocation support services. By providing inclusive relocation bundles, we guarantee that your company remains competitive in employment opportunities. Subsequently, we will help your employees achieve a smooth and effortless relocation experience.

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
Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends

How Spousal Support and Family Services Affect Relocation Decision-Making

The success of a relocation heavily depends on the happiness of the relocating employee and their family

The “spousal assistance” benefits have evolved from a small aid to a powerful support system. Companies now understand the importance of the well-being of both employees and their families in a successful relocation. This once-overlooked perk has become a valuable tool for personal and professional development. 

Employee and family assistance has become a must-have component in corporate relocation services by providing support that boosts confidence, helps overcome challenges, and reduces stress about the move. It is no longer an afterthought but a crucial component that can make a significant difference in the success of a move.

In the past, companies have seen corporate moves as simply moving an employee from one place to another as efficiently and inexpensively as possible. The concept of providing job search help for spouses, now known as “spouse assistance,” became popular in the 1980s. However, this support was usually only given to those spouses or partners who specifically requested it or even insisted on it.

In recent years, significant discussion has concerned the employee experience in the industry. However, policies have mostly stayed the same, and financial resources must be expanded.

In the current competitive job market, with a renewed emphasis on health and environmental responsibility following the pandemic, employers are reconsidering the concept of employee relocation. Instead of viewing it as a work-related change, companies recognize that moving affects every aspect of an individual’s personal and professional life. It is essential to acknowledge that employees are people first and foremost, and their well-being should be prioritized. This shift in perspective leads to a reassessment of how the relocation sector can better assist employees and their families during the moving process.

“spouse assistance” has transformed into “employee and family assistance,” enabling companies to support the overall well-being of the entire household proactively. This approach ultimately helps employees thrive in their new roles.

This shift in perspective recognizes the importance of considering the holistic needs of employees and their families when it comes to relocation. By supporting the employee and their spouse and children, companies can create a smoother transition and help ensure the employee’s overall well-being and productivity in their new location.

Employee and family assistance programs may include services such as helping spouses find employment in the new location, providing resources for children to adjust to a new school, offering counseling services for the entire family to cope with the stress of moving, and even assistance with finding housing and settling into the new community.

By taking a more comprehensive approach to relocation support, companies can demonstrate their commitment to the well-being of their employees and their families. This helps with employee retention and satisfaction and contributes to a positive company culture that values its workforce’s personal lives and happiness. Ultimately, investing in the well-being of employees and their families during a relocation can lead to tremendous success and productivity in the long run.

What GMS Does to Help Provide Spousal and Family Support Services

Offering a comprehensive array of career assistance and additional tools for transferees and their families is crucial for ensuring smooth relocations. The seasoned professionals at Global Mobility Solutions (GMS) possess the skills and know-how needed to aid your company in evaluating potential candidates for assignments and offering top-notch relocation services for employees and their loved ones.

Our team at GMS understands the importance of supporting the transferee and their family during the relocation process. We offer various services such as spouse career support, school search assistance, and settling-in services to ensure the entire family feels supported and comfortable in their new location. By providing comprehensive support to the employee and their family, we can help reduce stress and increase the likelihood of a successful relocation. Contact us today to learn more about how GMS can help provide your employees spousal and family support services.

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
Corporate Relocation Domestic Relocation Domestic Relocation Trends

Where is Gen X Relocating to? A Look at the Numbers

Top 7 list of cities that Gen X-aged people are moving to

With Gen Xers getting ready to send their children off to college and approaching retirement, this particular age group has had the opportunity to witness the growth of their investments through compound interest as they advance in their careers. Consequently, even though they tend to be less mobile, individual Gen Xers can still significantly impact local economies, surpassing the influence of their younger counterparts.

Considering this, recent data from the U.S. Census Bureau has been used to analyze and rank the top cities for Gen Xers (aged 45 to 54) considering relocating. The data focuses on 268 of the largest cities in the United States, aiming to identify the most favorable destinations for this age group.

Here are the top 7 cities Gen X are moving to:

1) Surprise, Arizona

In 2022, Surprise experienced a notable increase of 4,414 individuals from the Gen X generation. The overall population of this age group now stands at 18,239, accounting for 11.93% of Surprise’s total population of 152,910 residents.

2) Bend, Oregon

Bend has become a sought-after spot for Generation X, drawing in 2,858 fresh faces. This surge has pushed the overall number of residents in this age bracket to 14,965, comprising 14.60% of Bend’s total population of 102,467.

3) Scottsdale, Arizona

In 2022, the number of Generation X individuals in Scottsdale rose by 6,215, bringing the total population of this age group to 32,881. Gen X now constitutes 13.68% of Scottsdale’s population of 240,432 residents.

4) Orlando, Florida

Orlando attracted 7,923 Gen X-aged citizens. Consequently, the population of this age group increased to 40,219, constituting 12.82% of the city’s total residents, which amounts to 313,625 people

5) St. George, Utah

A total of 2,499 individuals from Generation X were drawn to St. George. This demographic constitutes approximately 10.19% of the city’s population, 10,282 out of 100,904.

6) Jackson, Mississippi

The number of Gen Xers in Jackson increased by 3,551, bringing the total number of residents in this age category to 16,829. This accounts for approximately 11.67% of the overall population of Jackson, which is 144,244.

7) Hartford, Connecticut

Hartford attracted 2,527 new residents from the Gen X generation. This influx of people increased the Gen X population in the city to 14,442, accounting for approximately 12.11% of the total residents, which amounts to 119,290 individuals

GMS Is Always in the Know about Relocation

Global Mobility Solutions (GMS) always stays current on real estate and relocation trends.GMS understands the importance of staying up-to-date with the latest trends. By keeping a finger on the pulse of the industry, GMS can provide its clients with the most accurate and reliable information to assist them in making informed decisions. Recent data on Gen X population growth are just one example of the valuable insights that GMS can offer. 

With this knowledge, GMS can assist its clients in understanding the potential opportunities and challenges of relocating to these cities. Whether finding suitable housing options, navigating the local real estate market, or understanding the unique needs and preferences of Gen Xers, GMS is equipped to provide comprehensive support and guidance.

GMS ensures its clients receive the highest service and expertise by staying informed about relocation trends and real estate developments. With GMS by their side, individuals and businesses can confidently navigate the complexities of relocation and make informed decisions that align with their goals and aspirations.

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
Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips

Keeping the Human Touch in the Relocation Process

GMS Keeps Human Contact During the Entire Relocation Process

Accepting a new job in a new state or country can be exciting. But everyone knows that before getting to the new destination and settling into your new home and work scene, there is much work to do to make the move happen. Global Mobility Solutions (GMS) understands that a lot has to happen for you and your family to relocate seamlessly. For over 30 years, our expert team has been assisting in getting new employees from point A to point B. 

Our relocation services model can be molded to fit any employee’s needs. From start to finish, GMS assists you with whatever you need help with for a successful move. GMS is a relocation management company that holds a prominent position nationwide and is renowned for its exceptional client service. GMS Coaches must possess many crucial personal qualities and interpersonal abilities to deliver such high-quality service. We also significantly emphasize keeping a human touch in the relocation process. The team at GMS understands, better than anyone, that moving can be tricky, and when you need help, the last thing you want is to pick up the phone only to get stuck pressing buttons while listening to machines.  

In a day and age when so many companies are utilizing AI technology and automation systems to answer calls and emails, GMS believes that what sets us apart is that you can speak with a human for any stage of your move when you work with us. While we do use relocation technology to our advantage, we do not make that the only form of communication from our global mobility coaches to transferees. 

You won’t have to navigate through a maze of automated options when you reach out to us. Instead, you’ll be greeted by a friendly voice on the other end. Our team of global mobility coaches is here to listen to your concerns, answer your questions, and provide personalized guidance tailored to your specific needs.

Effective communication is the key to a successful move. That’s why we go beyond relying solely on technology. While we utilize advanced relocation tools to streamline certain aspects of the process, we understand that nothing can replace the empathy and understanding that comes from speaking with a natural person. 

Our goal is to make your move as smooth and stress-free as possible, and we know that starts with clear and compassionate communication.

So, when you reach out to us, know you’re not just getting a robotic response. You’re getting a team of dedicated professionals who genuinely care about your well-being and are committed to providing the support you need. Let us be your trusted partner in navigating the complexities of relocation, and together, we’ll make your move a success.

Whether you’re in the early stages of planning your move or facing unexpected challenges, our team is here to support you. We will work closely with you to create a customized relocation plan that addresses all your requirements and ensures a seamless transition to your new destination.

At GMS, we value the trust our clients place in us, and we strive to exceed their expectations at every step. So, when you choose to work with us, you can rest assured that you’ll have a dedicated team of professionals by your side, ready to provide the personalized assistance you deserve.

Don’t let the stress of moving weigh you down. Contact GMS today, and let us take care of the logistics while you focus on starting your new chapter with peace of mind. 

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.

TAKE THE NEXT STEP IN YOUR CAREER