There’s always room for improvement, right?! Your company’s relocation program is no different. You’re constantly looking for opportunities to enhance your benefits and provide relocating employees with an experience that’ll knock their socks off.
What if some of those seemingly less-important metrics are the ticket to elevating your relocation program to the next level? Look past the obvious - dig deeper. Here’s 5 lesser-tracked relocation metrics that may move the needle from providing good relocation benefits to setting your employees up with awesome relocation benefits.
It’s easy to track your spend, but tracking what you haven’t spent may reveal even more in relation to how relocating employees utilize their benefits.
What’s important to some, may not be so important to a large majority. Analyzing the spend on your employees policies can reveal overfunded benefit categories that aren’t utilized as intended.
Consider the employee experience you’re hoping to provide with your benefits. If you’re giving too much in one area, but sacrificing in another, an employee may see the benefit as frivolous and less of an attempt to take care of their needs as intended.
The metric of time is always important. You’ve identified the perfect candidate, negotiated a mutually beneficial package and your team is patiently awaiting the arrival of their newest colleague. On the flip side, your newly hired relocating employee has places to go and a deadline to complete their relocation.
But, is time on your side? Is it on theirs? If you’ve answered “no” to either of these questions, it’s time to evaluate your overall relocation timeline and your relocation management partner. Set realistic expectations that take the stress off of you and your employees and allow the focus to be on the task at had.
Partner with a relocation management company with access to the right suppliers that can provide the top-notch, timely service to your relocating employee your corporate culture dictates. Communication, availability and transparency are essential to starting your employee off on the right foot in their new role - and new digs!