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.
When it comes to the corporate relocation process, finding the right fit for employee mobility can be difficult. Different areas of the world are better positioned for personal and professional growth depending on the vertical, but developing in an emerging market is much easier said than done. A multilayer economic hotspot may be the ideal location to relocate talent for new or existing business ventures, but it takes time and a depth of knowledge to successfully adapt and find personal success in a new market.
A recent Forbes analysis of international GDPs found 70 percent of world growth in the next several years will come from emerging markets. Although China and India comprise about 40 percent of that maturation, there are still other viable options for businesses aiming to relocate talent.