Relocation briefs

Housing a major cost headache • Federal government cancels relocation contract • The taxing question of taxes • Firms big on housing loans • The SARS effect • Financial counselling for transferees • Greater income parity reduces relocation
|Canadian HR Reporter|Last Updated: 10/03/2003

Housing a major cost headache


— Establishing appropriate housing-cost guidelines is the key issue facing expatriate transfers, according to a poll of 76 per cent of multinational organizations. The study of 557 firms around the world, representing more than 83,000 expatriates, was conducted by Organization Resources Counselors, the Employee Relocation Council and Toronto’s TheMIGroup. The study found that cultural differences make it hard for companies to draw up uniform housing policies. Firms assume transferees from European and Asian countries will not want to sell their existing homes for cultural, legal and family reasons, while North Americans will easily accept selling or renting out before transferring.

Federal government cancels relocation contract