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Best Time to Relocate When Employees Own Homes
This is a tricky one, especially when employees are selling one home and buying another.
Prime real estate season is spring through early summer, so that’s when employees can expect their homes to sell for the most money. However, they’ll also need to pay more on the buying end—and, because of competition, may have a harder time finding the right house to buy.
That said, during the off season—specifically fall and early winter—pricing, inventory and demand is low, which offers both pros and cons to home owning employees. It’s a toss-up!
Best Time to Relocate When Employees Have Families
Traditional wisdom suggests that employees with school-age kids prefer to move during the summer, when schools are out of session, sparing kids the upheaval of moving mid-term. Yet others suggest the opposite: that moving mid-term allows kids to stay active and instantly meet new friends.
In addition, asking families to move around major holidays may make it harder for some employees to say “yes.”
However, one can’t predict how any given employee will respond. When an employee hesitates, the key is to find out why and work with your relocation company to offer a compelling solution. Because, often there is one.
For example, if that physician you really want to bring on board in March is reluctant to move his family until school’s out in June, arranging extended short-term housing and covering some weekend travel may be the way to ensure everyone gets what they want.
Best Time to Relocate When You’re the Employer
Now we come down to the most important factor of all: your business. Your strategic plans. Your talent’s needs. Your objectives for the year.
From a business perspective, the best time to ask an employee to relocate is about two months before you need them on the job. It doesn’t matter if it's the prime moving season or the dead of winter!
Fortunately, if you have a strong relocation program—with good benefits and a can-do provider—you can facilitate smooth moves year-round. Frankly, experienced relocation companies have pretty much dealt with it all, from rescheduling around blizzards to executing safe, full-scale moves in the heart of a pandemic.
At the end of the day, prime relocation season is whenever you need it to be—and a seasoned relocation provider will help you make it happen.