Employers Not Covering Relocation Costs - MSNBC.com article
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Published Date: 2010-03-08 CorporateHousingbyOwner.com's founder, Kimberly Smith, was featured in a fantastic article that posted on MSNBC.com on Sunday. The article talked about how employers are not covering relocation costs these days - or they're providing a measly few thousand dollars to cover some costs and leaving families to cover the rest. Other points from the article:
- Fewer companies are considering out-of-town applications thereby limiting job prospects for talented individuals. This is because companies can't afford to relocate employees so they aren't even looking at those resumes.
- 19% of companies have admitted they have cut employee benefits in the last six months; 17% eliminated corporate relocation programs altogether.
- Declining home values and stalled home sales are playing a role in a company's unwillingness to relocate employees. They don't want to get saddled with an underwater mortgage and individuals getting relocated are struggling to sell their homes in a timely fashion.
