Stay up to date
Subscribe to the blog for the latest updates
The Corporate Relocation Industry
Although some employers handle relocations internally, many employ third-party relocation management companies—RMCs—instead. Because relocations are labor intensive, this frees their staff to focus on larger priorities.
There are two types of RMCs: traditional and tech-based.
Traditional RMCs run on paper and people. Employees are assigned a relocation specialist to help arrange their move, generating a flurry of forms, receipts, emails and phone calls. Traditional RMCs are expensive—partly due to the many labor hours involved and partly due to an unfortunate industry practice of marking up vendor invoices.
For this reason, a growing number of employers are turning to more affordable, modern, tech-based relocation companies.
Under this model, relocating employees gain access to a personalized portal, where they arrange the details of their move online. Forms and receipts are managed digitally. Because the software operates in real time, employers and employees can monitor the status of the move—and their accumulating expenses—in real time.
The best tech-based relocation companies also offer employees access to experienced relocation specialists. And instead of marking-up vendor invoices, they build relationships with vendors that result in discounted pricing—translating to much lower costs for employers.
UrbanBound is a tech-based relocation company; in fact, we pioneered the industry. So, what’s our redefinition of corporate relocation? It’s a solution—one that’s easy, affordable and that results in great experiences for both employers and employees.