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Relocation Benefits Increase Retention Rates
All employers are committed to reducing turnover these days. And if your company is like most, your turnover rates among newly-hired personnel are the highest of any worker group.
A robust relocation program will help convert those newbies into long-termers. For one thing, it sets them up for success from day one, so the thought of leaving is less likely to cross their mind.
For another, a thoughtfully-designed, employee-centered relocation plan shows that you care about your people. It creates good will and builds loyalty, the cornerstones of employee engagement and retention.
Employee Relocation Facilitates the Transfer of Knowledge
For regional or national companies, transferring seasoned employees to other worksites is a smart way to ensure their particular expertise or successes are leveraged across the organization.
And when you offer a competitive relocation program, those key people are more likely to accept such long-distance assignments—creating synergy across separate locations while building the company’s reservoir of collective knowledge.
A Great Relocation Program Is a Great Brand-builder
Now more than ever, it pays to be known as an employer of choice. People want to work for employers that care about them and can prove it. By extension, quality companies like to do business with highly-regarded companies.
Offering a state-of-the-art employee relocation program can set you apart as a visionary, employee-centric company that will go the extra mile to take care of its people.
So, while you may be contemplating an employee relocation program for HR reasons, it will also burnish your brand—a multidisciplinary win-win.
Yes…But What about the Cost?
Okay, so your company is sold on the idea of adding employee relocation benefits, but it’s just not a good time to invest a ton of money.
That’s okay, do it right, and you won’t need to.
UrbanBound is the original tech-based relocation provider. Both employees and employers rave about our easy-to-use platform and helpful relocation specialists. Employers also rave about how affordable we make it to offer a premium relocation program.
In fact, employers that switch to us from traditional relocation providers save an average of 66%, while improving their employee’s relocation experience and cutting their administrative workload down to practically nothing.
So, while there’s a strong business case for adding employee relocation benefits, there really isn’t one for failing to do so. Take the next step: learn more.