| As housing values in the U.S. continue to decline, accurate home valuation is becoming difficult to properly determine. Many organizations offering a guaranteed buyout provision are realizing a disparity between the broker market analysis (BMA), appraised value, and eventual sales price, resulting in frustrations on the part of both the company and employee as assessments of value “catch up” to the reality of the market. (Read full article) |
| Human Resource (HR) professionals and their mobility partners have an important task ahead of them: to establish expectations within a fluctuating market for not only the relocating employee base, but for upper management on projected costs and pricing. The following provides Paragon’s Top 10 recommendations to address real estate market shifts and to invoke proactive measures with our most valued business partners – existing and potential clients. (Read full article) |
| During the past decade, BVO programs have produced successful results with lower costs to the client. When administered properly, the program provides a favorable tax option for paying these costs, significantly reducing total relocation expenses for both the employer and the employee, a win-win solution. (Read full article) |
| Currently, there are no health-based standards for mold exposure; however, the Environmental Protection Agency (EPA) has developed recommendations for safe assessment and remediation of mold contamination. While these are not legally binding, Paragon recommends the following protocol where the presence of suspected mold is noted in a customer's home via a General Home Inspection, a Broker Market Analysis or an Appraisal. (Read full article) |
| With the publication of IRS Revenue Ruling 2005-74 in November of 2005, Paragon Relocation Resources (Paragon) carefully analyzed the data published by Worldwide Employee Relocation Council (ERC) and the Task Force appointed by ERC's Coalition Public Policy Committee. The ERC findings suggest the use of a blank deed to transfer title in a relocation transaction is consistent with two (2) bona fide, independent sale transactions for federal tax purposes. In light of the new information, Paragon is recommending the use of a blank deed in states/situations where it is appropriate. (Read full article) |
Conducting a Successful Site Visit Conducting a site visit to a supplier is an excellent way for supply management professionals and their team to gain a better understanding of a potential supplier's size, capabilities, corporate goals and management philosophies. In addition, you can see the supplier's operation in action and talk with the key personnel from various departments who will work with your organization on a daily basis. (Read full article) |
Self-Serve Technology and Your Relocation Program
Technology has had a profound effect on people's expectations and lives. This demand-driven phenomenon is being dictated more and more by people's desire to manage everything that is going on around them - both at home and at work. In the human resource world, self-serve is the tool that is changing the way businesses manage their employee communication and human resource administration. (Read full article) |
Moving Doesn't Have to Be Such a Pain for Workers Most company executives know what a pain moving can be when the firm promotes them, so they tend to be sympathetic when their employees must relocate. It's imperative then that they keep on top of the trends in relocation services. (Read full article) |
Renter's Rights As the renter population expands to encompass transferees of every age and job level, corporate relocation directors are becoming better equipped to meet their needs. (Read full article) |
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