UrbanBound Employee Relocation Blog

Tips to Optimize Your Relocation Program | UrbanBound

Written by Laura Tubbs | Oct 11, 2021 2:15:00 PM

Your employee relocation program is likely a huge part of your human resources budget. It can often feel like a giant expense that can't be avoided, but there are many ways to cut costs and optimize your program efficiency. Whether it's streamlining policy options, or adding policies to address various employee needs, here are 4 ways to optimize your relocation program:

1. Review Your Metrics

Take a look at your metrics and look for trends and patterns that show opportunities for improvement. You can often identify areas for cost savings, time savings, employee satisfaction, or all three. Here are a few key metrics to focus on:

  • # of relocations; Was the actual number higher or lower than expected?
  • How were your policies broken down?
  • How many exceptions did you make?
  • How many failed relocations? why?
  • How many policies did you have to create or re-write? Why?