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Offer Each Executive a Personalized Relocation Plan
Make it easy for executives to choreograph their move on their own terms. Instead of dictating dos and dont’s, or specifying dollar maximums for various benefits, allow relocating executives to spend their relocation dollars as they choose. Takeaway: the most-desirable relocation benefits are the most flexible!
Maybe an executive wants a longer, or a follow-up house-hunting trip. Maybe she wants specialized shipping for a prized ‘67 Corvette. The fewer exceptions executives need to request, the happier they’ll be—and by the way, the fewer headaches for your in-house relocation team.
Redefine Great Service—by Adding Technology
In-person relocation specialists offer invaluable service when it comes to navigating a move and understanding your relo package. But is that enough in 2022? We live in a tech-based, on-demand world, where many of us routinely conduct most of our business online at our convenience.
If your current relocation provider doesn’t offer relocation software—and many of them just aren’t there yet—consider upgrading to one that does, like UrbanBound.
Most executives appreciate the flexibility and control of planning their move online, from requesting quotations and exploring their new city virtually to tracking their progress in real time. Without question, including relocation technology in your executive benefits package will help you stand apart.
Measure and Monitor Executive Satisfaction
One area where many employers fall short is studying the success of their relocation programs: how many dollars are spent, how they’re spent, and how satisfied people are with the process.
Make sure you work with a relocation provider that tracks data and crunches analytics, so you can see how your program is actually working. Make post-relocation surveys an integral part of your relocation program, so you can track employee satisfaction with the process.
Then—most-importantly—use this intelligence to continually improve your executive relocation benefits and experience, so you can stay competitive.
At the end of the day, you seek skilled executives who will lead your company successfully into the future—who are driven by talent, wisdom and innovative thinking. In other words, you want a leadership team that’s a little bit different and better in all the ways that count.
Which is why, at the end of the day, you also need executive relocation benefits that are a little bit different and better in all the ways that count.