"Johnson, we need to relocate you to the Akron office."
"Hell with that. Homes are expensive in Akron!"
According to the Wall Street Journal, employees being asked to relocate are increasingly getting pissy--and refusing to move given the expensive market. For example, a candidate relocated from Detroit to the Oklahoma City area only after his company agreed to protect him against a loss on his current home. Other relocation companies now have a "loss on sale" program to protect employees from losing $$$. But the always-popular excuse of "family" still trumps "bad real estate market" in all the reasons why people refuse to pack up their cubicles.
· Cooling Housing Market Sours Job Candidates on Relocation [WSJ]
Filed under:
Economics of Relocating
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