Employers who are feeling the pinch of the declining real estate market can follow ADP's example. The data processing company offers several relocation benefits to entice employees and recruits to move. The company offers appraisals before the employee decides whether or not to make the move; if a house sits on the market for more than four months, the company offers to buy the house at 3 percent below the appraisal price.
A recently-initiated program gives employees the option to rent their home while the company helps find a tenant. If rent doesn't equal the total amount of the employee's principal, interest, taxes and insurance, ADP will subsidize the full difference for the first year, and partially for the following two years.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
