Coping with the high cost of moving employees
When the Marriott Corp. offered Robert Souers, 38, a job last summer, he talked salary and benefits for a few moments and then popped the big question: "What about relocation? Let's not continue to talk if there isn't a good relocation plan." Marriott was facing a problem that increasingly worries corporations throughout U.S. business: employees are reluctant to move because of the stratospheric cost of housing and mortgages.
Souers had an attractive 8¾% mortgage on a four-bedroom colonial house in River Edge, N.J., that had cost...
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