Use Tiers to Avoid Exceptions in Your Corporate Relocation Policy

Many companies view a tiered corporate relocation policy as more work. It's true that your HR staff will have to take the time, and may enlist the help of a corporate relocation management company, to establish fair and appropriate tiers based on employee salaries or job levels and set the benefits offered in a corporate relocation package within each tier. But once that's done, a tiered policy

A Buyer Value Option Program Can Benefit Both Employees and Employers

A Buyer Value Option (BVO) program is designed to aid transferring employees in the quick sale of their homes, with no obligation to pay real estate commission or closing costs. A BVO program offers benefits for employees and employers, as transferring employees will want a quick and easy sale of their current homes and the employer will want their employees’ focus to be on productivity rather

Relocating Employees: Benefits of Buyer Value Option for Home Sales

What is a Buyer Value Option? What are its benefits? BVO (Buyer Value Option) is a program designed to aid a transferring employee in the quick sale of their home, with no obligation to pay real estate commission or closing costs. There are many benefits to choosing the BVO option, as a transferring employee will want a quick and easy sale of their current home and the employer will want their

Buyer Value Option (BVO) Home Purchase Programs Guide

BVO (Buyer Value Option) is a program designed to aid a transferring employee in the quick sale of their home, with no obligation to pay real estate commission or closing costs. Buyer Value Options are a popular home sale component of relocation programs. While some companies view a BVO program as an expensive option, employers often include this feature in more competitive relocation policies.

What Does a Relocation BVO Program Entail?

A Buyer Value Option (BVO) program for your relocating employee can have several benefits for both your company and your employee. For your employee, it provides peace of mind, both financially and otherwise. It also allows him or her to concentrate on moving and successfully acclimating to the new work environment. For more information on real estate considerations for your executive

3 Reasons Why a Business Needs a Relocation Policy

Relocation policies are often seen as perks that only benefit the relocated employee. But the closer you look at them, the more you realize that having a well-defined, clear-cut relocation policy in place can also benefit the company that offers it. Here’s a quick look at some of the companywide benefits of an established relocation policy. Find out more about developing relocation policies with

Using BVO in Government Relocation Programs

For years, the Guaranteed Home Buyout program has been a great benefit for government employees. This type of program is a safety net in the event the employee can't sell their home on their own. The program features a guaranteed offer from a third party relocation company based on the average of two appraisals. Once the relocation company buys the home, the employee is relieved of the financial

Taking the Stress Out of a Group Move

The challenge companies face is how to successfully move the business, while being able to maintain a continual level of business operations. If you are not able to maintain the same level of business that you are used to, you are going to lose revenue and potential customers. It's imperative to approach the group move the same way you would handle any other business decision, but with a

Relocating Your Company? Consider Grants and Tax Incentives When You Choose Your Location

Thinking of relocating your company with the help of a company relocation service? In addition to providing support before, during and after the move, helping you select service providers and sub-contractors, and setting best practices and benchmarks for employee relocation packages, a company relocation service can also help you determine if a move is the best idea right now.One factor to

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