How Do Corporate Relocation Companies Benefit Employers and Employees?
When it’s time for a company to relocate its employees, the process can be overwhelming. That’s why some businesses choose to outsource the details to a corporate relocation company.
The main benefit of working with these companies is that they have experience dealing with large corporations and know what steps need to be taken for things to go smoothly throughout the entire process.
Let’s look at the key benefits corporate relocation companies offer to both employers and employees.
Benefits to Employees
Relocation Services
Companies that specialize in corporate relocations offer employees help with packing, moving, and unpacking at their new location.
They also provide advice on what items should be shipped ahead of time and which ones should be shipped later when they reach their final destination.
Finding a New Home
The first step in any move is finding a new home. With the help of a corporate relocation company, this task becomes much easier.
The company may have a list of homes or apartments that meet certain criteria the employee has decided on before leaving his current location, such as neighborhood or price range. These are often available at special rates because they have been pre-screened by the corporate relocation company.
Temporary Housing
Corporate relocation companies offer temporary housing options that allow employees to rent or buy apartments or homes near their new workplace. This allows them to live close by while they wait for their permanent home to be ready for them.
Selling Their Existing Homes
One of the top worries that employees face when it comes to moving for work is how they will sell their existing homes.
It can take a long time to find a buyer, which can delay an employee’s ability to start working at their new location. Corporate relocation companies can assist in this process so they can focus on getting settled into the new location and being productive as soon as possible.
Additional Services
In addition to helping with housing issues and transporting belongings, many corporate relocation companies offer additional services such as pet transport or even helping with school enrollment and medical expenses.
Peace of Mind
Moving to a new city is a stressful experience. And when employees are moving to a new job, it can become even more stressful. They want to focus on settling into their new lives and performing well at work, not figuring out how to load a moving truck or find a reputable real estate agent.
By working with a corporate relocation company, employees can take advantage of their expertise and avoid the hassle of doing everything themselves.
Benefits to Employers
Cost-Effective Solution
One of the most obvious benefits of using a corporate relocation company is that it can save you money on your move. You don’t need to hire a full-time staff to handle all of your moving needs, nor do you need to spend time managing various aspects of your move. You can leave this job to a professional company that specializes in helping companies relocate their offices.
Your business stays up and running throughout the entire process, which means less downtime and less lost revenue.
Saves Time
A major advantage of hiring a corporate relocation company is that it can save you time, which is especially important if you’re trying to move several employees at one time.
The actual process of relocating can take several weeks or months, as employees find new homes and pack their belongings. And if you’re trying to manage multiple relocations, this can be hard for your HR department to coordinate.
Instead, you can hire a corporate relocation company to handle everything for you.
Consulting Services
Corporate relocation services may also offer consulting services that help businesses make decisions about their move.
Many companies exist solely to provide this type of consulting since it requires sophisticated knowledge of both business and moving to be effective. This may include the management of budgets, schedules, and other logistics for your business relocation.
Some corporate relocation consulting companies also specialize in certain types of businesses or industries, providing more targeted advice that is tailored to the needs of a particular field.
Retention
When your employees know they will be financially supported in their move, they are more likely to stay with your company. This helps boost employee retention rates and reduces turnover.
Corporate relocation companies have programs designed specifically to keep your employees happy during this stressful time.
Boosts Employee Productivity
Corporate relocation companies also work with employers to help them keep productivity high during an employee transfer. They make it easy for employees to focus on their job, instead of worrying about getting settled into their new home.