Three Myths about the Relocation Process

Even if they've been through the relocation process with employees many times, your HR staff and management team may have misconceptions about the relocation process. Here are three common myths -- and the real truth about the relocation process. Myth #1: Every employee relocation is different, so there's no way to set standards or benchmarks for

3 Ways to Calculate Tax Gross Up

Tax gross up can add considerable costs to corporate relocation packages. Tax gross up can increase taxable relocation costs by 45% to 55%or more. What is tax gross up, in a nutshell, and why does it cost your company money? Tax gross up occurs when you add to the taxable reimbursement amount so that relocating employees don't face a tax liability after receiving one-time relocation

What if a Pay Cut is in Order During A Relocation?

In rare cases, when an employee relocates, market conditions and cost-of-living in the new location warrant a pay cut. This may be necessary to keep the transferred employees' salary in line with existing employees at the location, to avoid legal and ethical issues, and to maintain company morale. If the amount of pay cut would be very small, it's better to keep employees at the current rate of

What Can Happen If You Miscalculate Tax Gross Up?

Your accounting departments are well-versed in day-to-day financial management. They know how to file your quarterly taxes accurately, keep careful records, and do their jobs well. But tax gross up during corporate relocation may be another story. Handling relocation tax is not something many accounting professionals do every day, and navigating the confusing maze of relocation tax laws and

Effective Business Performance Measurements for Your Corporate Relocation

If you're in the process of selecting a corporate relocation firm to manage your company's corporate relocation policy, you may have a lot of doubts: How will I know the corporate relocation management company is acting in my best interests? What can I expect from a corporate relocation firm? How will I know if the company is fulfilling its agreements? How can I get the best value for my money

RELOCATION POLICY: WHICH TYPE IS BEST FOR YOUR COMPANY?

Before you begin setting domestic relocation policies or revamping your existing relocation policy, it's important to find out what's most important to your employees. You'll probably discover that home sale, spousal support, and finding a good neighborhood and a new home at a fair price rank near the top of the list for many mid- and top-level employees. Domestic relocation policies are broken

Executive Relocation: What Top Performers Need During a Move

If your company is planning a group move, it may not happen if you can't get key executive personnel on board. A company like CapRelo that specializes in Executive Relocation Services has the knowledge, bandwidth, and resources to not only understand, but meet, the needs of top executives during a move. In our years of offering executive relocation assistance, here are some needs we've

Partial Lump Sum Relocation Package: Not as Simple as It Seems

While the term “lump sum” implies a company relocation policy that is standard and fixed for all employees across the board, that's not always the case. A number of options and variations exist within the classification of “lump sum.” Let's look at a few of the options. Learn more about lump sum packages with our free guide.  Fixed lump sum: A fixed lump sum company relocation package works

How to Pick the Right Executive Relocation Management Company

Not all executive relocation management companies were created equal. Depending on where you look, who you ask, and what your criteria is, you might find incredibly affordable executive relocation services that deliver the kind of service most people wouldn’t take for free. On the other hand, it’s entirely possible to find executive relocation management that makes life so easy, you’d have to be

Orientation Tours can Make the Difference

Creating executive relocation packages may be one of the most challenging aspects of corporate relocation. It's crucial for your business continuity to retain key executives whether you are planning and implementing a group move, expansion to a new region, or just transferring employees to other offices to better manage your company's rapid growth. HR staff and outside corporate relocation