You don’t have to be a Fortune 100 company to have a smart, effective relocation program. Even if you only move a handful of new and current employees every year, there are a few ideas that can help you be effective.
Here are four ideas that can help you out:
• No. 1: Make sure that recruiters and hiring managers understand the financial basics of relocation — Relocation is expensive but you can better manage costs with a smarter approach.
• No. 2: Engage the employee and estimate the cost of the relocation before making a final decision — Understand the circumstances your employee will be coming from and estimate how much it will cost.
• No. 3: Make a conscious relocation decision — Compare the cost estimate to the benefit of moving the employee and set an expense limit so you don’t go over the amount.
• No. 4: Ensure that the process goes smoothly — Direct the employee to reliable providers vs. the do-it-yourself route so everything goes smoothly for both them and your organization.