How Much Do You Know About Relocation?
Exceptions, or expenses that were not originally intended, can impact your company’s annual relocation spend. What's the average amount spent on exceptions in a typical relocation program?
That’s right!Sorry, you’re incorrect! The average amount spent on exceptions is typically 12.5%.*
If your company is spending more than 5% of its total relocation spend on exceptions, it’s time to take a look at your program.
*Results based on a recent NuCompass study conducted to investigate the effect of exception spend on total program costs.
Latest Blog Posts
Tax Reform Affects on Moving Expenses
There has been significant discussion and debate in Washington regarding new tax proposals. Below is an update provided by Worldwide ERC® on what is being considered in current legislation. While this is not final and will likely go through more iterations, we wanted to keep you updated on current events as they affect relocation. <!--break-->
Proposed Tax Reform Impact on Relocation
Worldwide ERC® recently issued a press release about the proposed tax reforms and the potential for a significant impact on the relocation and global mobility industry.
USCIS Toughens Scrutiny of Nonimmigrant Extension Filings
USCIS has rescinded a long-standing policy with regard to nonimmigrant visa extensions. This is a significant change because the USCIS will no longer rely on past approvals as a consideration in evaluating extension applications. Under the new policy, officers can re-evaluate an applicant’s eligibility each time an extension is requested.