by, Chris Gilligan, Xerox Corporate Communications
The recent good news that the unemployment rate is at the lowest point in three years is a sign that companies are starting to hire once again. That may be the missing link in getting the economy moving in the right direction again.
When companies start hiring again that means opening new offices, promoting (and moving) current employees, hiring and relocating new workers or temporarily dispatching a current worker to establish the new facility.
All this could be very new for workers, organizations and specifically their HR departments. The “relocation and mobility” business is much different now. And it will only continue to evolve as the economy bounces between good and bad news.
New trends in relocation are growing out of economic necessity as companies find new ways to move their talent while protecting both the employee and the company from the volatility of the real estate market.
After the nation’s economy descended into the Great Recession in late 2007, the lagging recovery during the next couple of years forced companies to get creative with workforce policies that hadn’t been a big concern in the past.
Plummeting home values had a particularly dramatic effect on companies’ ability to relocate employees, which created a challenge to talent-mobility strategies that were of minimal concern before the recession.
With more than 45 years’ experience in this industry and working with more than 10,000 employees every year, we’re pretty good at spotting trends and helping our clients and ultimately their employees make the right decisions.
Read the article. If you’re about to move for work – you’ll be glad you did.