CapRelo Blog

Address Real Estate Concerns in Your Executive Mobility Program

Posted by Amy Mergler on Tue, May 15, 2018

sold_home2-resized-600-2A comprehensive talent mobility program is essential to recruit and retain top executive talent. Offering a competitive mobility package is one way to attract and keep the best talent on your executive team.

Addressing concerns about selling a current home and purchasing a new home in your mobility program may play a large part in an executive’s decision to accept a relocation offer. Consider the following for your executive mobility program:

Guaranteed Buyout Program

A Guaranteed Buyout (GBO) program involves providing a buyout offer after a home has been on the market for a certain length of time. This gives your employees the assurance that they can confidently purchase a new home without the constant worry of whether their old home will sell.

Buyer Value Option Program

A Buyer Value Option (BVO) program offers similar advantages to a GBO once an outside buyer has been identified. This option often focuses on providing employees with sufficient marketing support to sell their homes.

Home Sale Bonus Incentives

A home sale bonus incentive involves providing an additional bonus for employees who sell their homes within a certain period of time. These bonuses – also known as quick sale bonuses – provide employees with motivation to sell their homes more quickly and relocate without having their attention, focus and efforts diverted by their former properties.

Loss on Sale Provisions

A loss on sale provision involves reimbursing employees for a loss incurred due to the sale price of their home. This helps assuage employees’ fear about losing money on a home sale.

Home Staging Assistance

Provide access to a third party company to stage your employees’ homes for sale to improve the chances for them to sell quickly.

New Location Orientation & House Hunting Trips

Conduct research on area neighborhoods, schools, child care, typical commute times, medical services, places of worship, etc., and provide that information to help your employees become familiar with the new location and assist them during paid house hunting trips.

Home Finding Assistance

Look for and provide access to real estate professionals in the area who have relocation experience. These professionals will be best suited to manage the time constraints of your employees’ house hunting trips to maximize the use of their available time.

Download Our Executive Mobility Guide

 

Topics: executive relocation package, executive mobility program, mobility package, talent mobility, talent acquisition, talent retention

The Best Cities for Jobs 2017

Posted by Jim Retzer on Thu, Aug 17, 2017

Mapping It Out Across North America

Summer can often be a good time for hiring with so many new college graduates on the job hunt. According to a recent job report, the unemployment rate in the United States is 4.3 percent, the lowest it has been since March 2001. There are jobs out there and people willing to work. But if you’re looking for a job in a specific field or industry, where is the best location to look?

At CapRelo, we wanted to take a look at some of the job opportunity hotspots throughout North America. As a global relocation company, we are always interested in the business landscape as a whole, what the best cities are for jobs, and who is hiring the most. So, we decided to look at the 25 largest metropolitan areas in the United States as well as the top five areas in Canada and Mexico in order to find out what industry has the most open jobs. To do this, we used data from LinkedIn (taken the first week of June) to look at job listings for each metropolitan area and then put together a map of our findings.

Talent Hotspots in North America

Overall, we were surprised by some of the results while other results were to be expected. For instance, it was not shocking to see that New York was the best city for jobs in 2017, with the most total open jobs, but specifically the highest number of financial jobs. It also made sense that Los Angeles is hiring in large numbers for construction. The city has a number of development projects going on, including in the downtown area where the LA Times says there hasn’t been that much construction since the 1920s.

One of the most surprising results was that Washington, D.C. was hiring the most information technology jobs in the country, ahead of markets like San Francisco, Seattle, and Austin. San Francisco and Seattle were numbers two and three, respectively, but Washington had thousands more open positions. Boston was another interesting result. Healthcare is their top hiring industry with just over 23,000 open positions. Digging a little deeper, healthcare jobs have been steadily rising since June 2016, adding about 20,000 jobs. Internationally, IT jobs were most in demand. It was the top industry in all five metropolitan areas in Canada, as well as Mexico City.

The business landscape is always shifting and those shifts have a variety of impacts on different cities and different regions. Currently, plenty of companies are hiring and unemployment is a level not seen in years. At CapRelo, we wanted to see which industries had a large number of open jobs in some of the largest metropolitan areas in North America, and present our readers with a list of the best cities for jobs and opportunities. Some results were surprising while some were not. However, taking a step back and looking at the overall hiring landscape helps give perspective to both employers and job seekers.

Talent Management: Engagement Article

Topics: employee engagement, talent management, talent retention, talent acquisition

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