Perhaps you’re creating your first corporate relocation policy. Perhaps you’re reevaluating your existing plan. Either way, you’re undoubtedly asking the same question: what types of relocation assistance should we include in our policy?
It’s a great question, now more than ever. As recruiting and retention continue to challenge employers, employees—including prospective ones—expect more in the way of benefits. Whether it’s health insurance, paid time off or relocation, they want to know that they’re getting the best.
So, what are the must-have types of relocation assistance? Here’s our top five picks—the essential core of every competitive relocation policy
Some relocating employees have tons of personal stuff. Others are more minimalist. Either way, you can bet those belongings are precious to them, and that moving them securely matters a whole big bunch. Therefore, one essential form of relocation assistance is the transport of household goods.
Ideally, your relocation company screens the moving companies that it partners with rigorously. And that it offers your employees a choice of transport options, from full-size vans to DIY trailer rentals—so everyone gets the type of move they prefer.
Planes, trains or automobiles…no matter how your relocating employees choose to travel to their new location, your benefits should cover their travel costs and those of their dependents.
What about household pets? Ideally, your relocation policy is flexible enough to cover pet transport as an option, if an employee needs it. But that one’s up to you.