Okay, so your relocation program doesn’t really stink. But we bet it could use some improvement. Chances are, you think so, too—or you wouldn’t be reading this, would you?
Even if your relocation program is, say, a bit ripe, you’re not alone. With everything else going on over the last few years, some employers have neglected to update their programs.
But here’s the thing. The world has changed—and you need to, too. From technological advances to the Great Resignation, it’s a whole new ball game. Employees have new priorities; employers have new challenges. If your goal is to attract, retain, and relocate prime talent (and whose isn’t?), you need to dazzle them with wow-worthy relocation benefits.
But what exactly makes your current relocation program so weak? Checkout our top five relocation fails, see what rings a bell—and learn how to fix it.
If you simply give your employees a relocation allowance—either through a lump sum policy or reimbursement arrangement—and make them do all the legwork, that’s a flashing neon fail.
Not only are you sending the message that you don’t care about them, you’re ensuring that at least some of them will have a disastrous moving experience. Not a great way to start a new gig! But planning a relocation is complex, time-consuming and massively stressful.
The solution: give your employees expert relocation support. Guidance. Resources. Access to savvy relocation specialists. Keep your lump sum plan, but add support services—or better yet, upgrade to a managed budget plan. Don’t let them go it alone.
Chances are, your relocating employees are smart, tech-savvy professionals. When it comes to employee benefits, they expect top-of-the-line everything, served up online and available on demand.
But if you’re still using an old-school relocation company—or trying to manage your program inhouse—then your use of technology is limited to…what? Emailing documents back and forth?
Welcome to 2023, where tech-based relocation companies like UrbanBound allow employees to plan and manage first-class relocations online. Relocation software puts a world of guidance, information and shortcuts at employees’ fingertips, speeding and easing the process from A-Z.
Plus, thanks to the cost efficiencies of modern technology, switching to a tech-based provider may cut your relocation costs by up to 66%. Now that doesn’t stink, does it?