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International Relocations Are More Expensive
Not surprisingly, international relocations are more expensive than their domestic equivalents. After all, you’re paying for additional services and fees like those discussed above—visas, customs, destination services, etc.
In addition, the cost of moving household goods thousands of miles by ocean or air freight is higher than ground transportation. Plus, you’re more likely to be paying for extended short-term housing—perhaps for the length of your employees’ stay, if it’s a temporary assignment.
However, there are ways to limit your expenses, with help from your relocation company. A good relocation partner will suggest strategies to help you cut costs, without compromising the employee experience. And it won’t markup vendor invoices–an all-too-common industry practice that we vehemently steer clear of at UrbanBound.
International Relocations Aren’t Over After the Move
With domestic relocations, you can close the file after the move is complete and the last invoice is processed. That’s not the case with most international moves.
For one thing, the employee and his/her family may need continued support acclimating to the area—and ongoing assimilation services can make a critical difference in how much value that employee brings to the company. With so much invested, this isn’t the time to cut corners.
For another, if the assignment is temporary, you’ll be handling a reverse relocation once it’s completed. It will be easier the second time around, but it’s still a lengthier process.
Comparing Domestic and International Relocations
So here you thought domestic relocations were complicated enough—and then, along comes international relocations and basically says ‘hold my beer.’ Admittedly, it’s trickier, but it’s also entirely doable.
If you have strong business reasons for hiring global employees, if your cost/benefit analysis confirms it’s the way to go, then of course you should move forward. Just make sure you have the full support of a relocation partner who is equipped to handle all the heavy lifting.