How do companies choose third party relocation firms?
Article Abstract:
Relocation management firms now offer such services as equity funding, mortgage assistance, and counseling, in addition to their other services like the buying, the maintaining, and the reselling of houses owned by workers who are transferred. These new and optional services are not usually used by companies as home-buying is still the main service provided by relocation firms to their customers. The findings are the result of a poll of 148 companies involved in the relocation of workers. For the 148 respondents to the survey, roughly 70 percent hire relocation management companies to help them in releasing the transferred worker's home to the real estate market.
Publication Name: Personnel Journal
Subject: Human resources and labor relations
ISSN: 0031-5745
Year: 1985
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Home marketing strategies can ease an inventory burden
Article Abstract:
Many firms find it hard to sell the homes of employees who are transferred. Homes which are not sold soon enough and remain in inventory too long will be an additional financial burden for the firm. Some firms hire a third-party company or plan an internal program to provide specific executive employees with third-party service. Workers down on the totem pole and new employees must usually handle most costs, except for the cost of selling their house.
Publication Name: Personnel Journal
Subject: Human resources and labor relations
ISSN: 0031-5745
Year: 1985
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Inventory reduction strategies
Article Abstract:
Though most private homes sold at a faster rate during 1984 than during 1983, most relocation managers who responded to the survey said the average inventory time went up in 1984 as compared to 1983. Also, over half said the average inventory time was for more than 150 days of 1984. Combined with worker self-marketing periods of 60 to 90 days, this means that most company homes stayed on the market for at least seven months.
Publication Name: Personnel Journal
Subject: Human resources and labor relations
ISSN: 0031-5745
Year: 1985
User Contributions:
Comment about this article or add new information about this topic:
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