The global economy is a more diverse marketplace than ever before. Workers on one end of the world can connect with employees thousands of miles away in real time thanks in part to the latest technological advances. As a result, international operations are growing, and global mobility is now an integral part of expanding business processes.
Rental fees are increasing, thanks in part to a tightening rental property market, and renters are facing a higher prices as wage raises grow at a tepid pace. Domestic relocation may be impacted as a result, thus posing a challenge for transferees as they look to take on a new location. Companies can provide relocated talent with help before a move, but as rent in most markets continues to mature, transferees are likely to see a larger portion of their income spent toward rent.
SCOTTSDALE, Ariz., Oct. 14, 2014 – Corporate relocation provider Global Mobility Solutions (http://gmsmobility.com/) is the newest partner of 501(c)3 nonprofit organization Move For Hunger (http://moveforhunger.org/). GMS will call upon its extensive supplier network to further the mission of ending hunger in the US and Canada….
New regulations set forth by the Consumer Finance Protection Bureau are scheduled to take effect next year, which will likely impact the corporate relocation process going forward. The financial information that buyers – or the relocated talent, in this case – have to provide to lenders is changing to give relocation management firms more time to provide help to the purchaser.