Category: Corporate Relocation

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Are Relocation Benefits Still Relevant Today?

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Relocation benefits are evolving—but they’re far from disappearing. As businesses continue to expand into new markets and compete for talent, mobility programs remain a valuable tool for attracting, engaging, and retaining employees. When designed with flexibility and employee needs in mind, relocation benefits can strengthen both workforce stability and organizational growth.

The Changing Landscape of Relocation

While some employees have more flexibility in where they live and work, relocation remains essential for roles that require leadership, specialized expertise, or on-site operations. For organizations entering new regions or developing future leaders, mobility programs are not simply about moving people—they’re about enabling success.

Why Relocation Benefits Still Matter

  • Recruitment & Competitive Advantage
     Comprehensive relocation packages help companies stand out when hiring for hard-to-fill positions or attracting top talent in competitive markets.

  • Employee Well-Being & Retention
     Relocating is complex and often stressful for employees and their families. Support with housing, schooling, and settling in helps build loyalty and minimize disruption.
  • Strategic Talent Deployment
    Relocation ensures the right people are in the right place at the right time, supporting global expansion and long-term talent development.

How Relocation Benefits Are Being Redefined

Organizations are moving away from one-size-fits-all relocation packages toward flexible, employee-centered solutions. Common trends include:

  • Choice and Customization – Giving employees options, such as spousal support, temporary housing, or pet relocation.
  • Tiered Approaches – Adjusting benefits based on seniority, role, or the complexity of a move.
  • Lifestyle Support – Recognizing the importance of family, community, and long-term integration in a successful relocation.

What Employers Should Consider

To ensure relocation programs remain effective, organizations should ask:

  1. What resources do employees and their families need to succeed in a new location?

  2. How can benefits be equitable while remaining flexible across roles and assignment types?

  3. What is the long-term impact of relocation support on retention, engagement, and productivity?

  4. How can policies be communicated more clearly to build employee confidence?

Work with GMS to Get Employees from Point A to Point B

Relocation benefits are not a thing of the past—they are evolving into more strategic, flexible, and people-focused programs that help businesses thrive. Companies that modernize their mobility offerings position themselves to win top talent and ensure smoother transitions for employees worldwide.

If you’d like guidance on updating or optimizing your relocation program, contact GMS today—we’re here to help answer your questions and support your mobility strategy.

We're Here to Help! Request a Courtesy Consultation

Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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Corporate Relocation

Why Expatriate Health Insurance Matters for a Long-Term Global Workforce

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International Health Insurance for Employees

As global mobility trends evolve, more international assignees are extending their stays abroad—turning short-term assignments into long-term or even permanent relocations. With this shift comes a growing need for employers to reassess their relocation policies and consider providing comprehensive expat health insurance as a core benefit.

Access to reliable international health insurance for employees is essential for those working overseas. However, healthcare systems vary significantly around the world, and coverage abroad often differs dramatically from what employees are used to in the United States. To help international assignees stay protected, here are four essential things companies and employees should know about expatriate health insurance:

1. Many Expats Skip Health Insurance—And It Can Be Costly

A survey from Now Health International found that 25% of expats do not purchase international health insurance, with many citing “good health” as the reason. Unfortunately, medical costs in popular expat destinations continue to rise, and those without coverage may face massive out-of-pocket expenses in the event of an accident or illness. Relying on good fortune isn’t a strategy—and both companies and employees need to understand the risks.

2. Healthcare Quality for Expats Varies by Country

The quality and affordability of healthcare for expats depend heavily on the host country’s infrastructure. Taiwan, for example, ranks as one of the best countries for expat healthcare—nearly 70% of assignees say they spend less on medical care there than they did at home, according to HSBC’s Expat Explorer Survey. Other affordable countries include the U.K., Thailand, Japan, and Saudi Arabia. By contrast, healthcare can be much more expensive in the U.S., Ireland, Brazil, and New Zealand. Understanding these differences is essential when planning relocation packages.

3. Employers Want to Offer Coverage—But Budgets Can Be Tight

While nearly a quarter of employers say they want to provide expat health insurance, many feel restricted by tight budgets. Even if full coverage isn’t feasible, companies can still support their assignees by educating them about the host country’s healthcare system and providing vetted resources for private international health insurance plans. Relying solely on local government healthcare isn’t always safe, as some countries now limit coverage for foreigners to emergency-only services.

4. Helpful Resources Are Available

There are sources to learn about expat health insurance: International Citizens Insurance has developed a helpful resource that explores the topic of health insurance for expats, including its importance and how to purchase an expat health insurance plan. Employers should consider including trusted resources like these in their relocation support materials to help mobile employees make informed decisions.

Final Thoughts

As the global workforce becomes more mobile and long-term international assignments become more common, expat health insurance is no longer optional—it’s a crucial part of any effective global mobility strategy. Investing in proper health coverage helps protect employees, reduces risk for employers, and ultimately contributes to a more satisfied and productive international workforce.

As companies expand their reach across borders, the importance of understanding the nuances of expat health insurance cannot be overstated. Employees moving to new countries face unique challenges, from navigating unfamiliar healthcare systems to understanding local regulations. By providing access to reliable resources, employers can empower their staff to make choices that best suit their needs.

We're Here to Help! Request a Courtesy Visa Program Consultation

Properly managing a visa and immigration program involves meticulous coordination, precise communication, and worldwide interaction with government agencies, corporate personnel, and relocating employees.

At GMS, we provide you with peace of mind in knowing your mobility program is fully compliant and being managed by the best in the industry.

Request a no-pressure, courtesy consultation from a GMS Mobility Pro. We’ll be in touch within 1 business day.

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Corporate Relocation

How Economic Development Organizations Leverage Relocation Management Companies for Success

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Understanding Economic Development Organizations

In today’s competitive economic environment, attracting businesses to new areas is a complex task that requires innovative partnerships and creative solutions. Economic Development Organizations (EDOs) are essential players in this arena. They frequently team up with Relocation Management Companies (RMCs) to ensure businesses can move smoothly to new locations. This post breaks down how these partnerships function, the advantages they offer, and noteworthy examples of successful collaborations.

Economic Development Organizations are the key players aimed at boosting the economic health and quality of life in specific locales. They focus on attracting new companies, keeping existing businesses, and creating a supportive climate for economic growth. EDOs provide incentives, resources, and assistance to companies considering relocation or expansion.

EDOs commonly receive their funding from local governments, chambers of commerce, and private sector partnerships. Their main objectives include creating jobs, raising tax revenues, and improving the economic landscape in their areas. For example, many EDOs have been successful in securing funding that has led to the creation of thousands of jobs in their regions. A report from the International Economic Development Council estimates that each job created by an EDO leads to an average increase of $74,000 in local spending.

The Role of Relocation Management Companies

RMC’s specialize in coaching businesses through the complexities of relocating employees and operations. Their services include:

  • Consultation Services: Providing insights into local markets, cost of living, and other elements that influence a company’s relocation decision.
  • Employee Relocation Services: Helping employees settle into new areas with housing support, school searches, and community orientation.
  • Logistical Support: Managing the physical move of equipment and supplies to minimize operational disruptions.

By joining forces with EDOs, RMCs can deliver a more thorough solution for businesses considering relocation.

The Synergy Between EDO and RMC

The partnership between Economic Development Organizations and Relocation Management Companies creates a dynamic synergy that benefits both groups. Here are some key ways they collaborate:

  1. Streamlined Processes

By working together, EDOs and RMCs can simplify the relocation journey for businesses. EDOs enrich RMCs with knowledge about local incentives, zoning regulations, and property availability. Meanwhile, RMCs offer essential logistical skills and employee support services, ensuring businesses have all the information to make sound decisions.

  1. Enhanced Incentive Packages

EDOs frequently have access to a variety of incentives, including tax reductions, grants, and workforce training initiatives. When teaming up with RMCs, they can develop customized incentive packages that meet the specific needs of relocating companies. For example, including workforce training programs can lead to an increase in skilled labor in the area, making it more appealing to potential businesses.

  1. Comprehensive Community Integration

Relocation extends beyond just moving an office. It involves integrating employees into their new communities. RMCs support EDOs by supplying resources that help employees get familiar with their new surroundings—such as information about schools, healthcare options, recreational activities, and local culture. This comprehensive support can significantly impact a company’s relocation decision.

Successful Examples of Collaborations

Several partnerships between Economic Development Organizations and Relocation Management Companies have resulted in notable successes. Here are a few examples:

Example 1: The Partnership in Austin, Texas

In Austin, the Economic Development Corporation collaborated with a top Relocation Management Company to attract tech startups to the area. They offered relocation packages that included housing support and community integration services. As a result, several high-profile companies moved to the region, boosting the local economy and establishing Austin as a tech hub. A recent study indicated that the influx of tech companies contributed to a 15% increase in tech sector jobs over five years.

Example 2: The Initiative in Charlotte, North Carolina

Charlotte’s Economic Development Office partnered with a leading RMC to create a focused campaign targeting financial services firms. By utilizing the RMC’s expertise in employee relocation alongside the EDO’s knowledge of local incentives, they successfully attracted multiple financial institutions. This initiative not only brought in thousands of new jobs but also resulted in an estimated investment increase of $200 million in the local economy.

Example 3: The Collaboration in Denver, Colorado

In Denver, the Economic Development Council worked with a Relocation Management Company to develop a thorough relocation strategy aimed at manufacturing companies. By providing tailored support services and showcasing the region’s skilled workforce, they attracted several manufacturing firms. This partnership resulted in job creation and strengthened the local manufacturing sector, positioning Denver as a competitive player in the industry.

Example 4: The Collaboration in Phoenix, Arizona

The Greater Phoenix Economic Council linked a prominent international semiconductor company with a local Relocation Management Company to develop a tailored relocation program for new operations in the USA. This partnership enabled the semiconductor company to swiftly send newly hired U.S. employees overseas for training while the plant was under construction. These employees were subsequently relocated to the Phoenix area, resulting in local job creation, residential growth, and a thriving semiconductor industry in the region.

Looking Ahead: The Future of EDO and RMC Partnerships

As the business landscape changes, the collaboration between Economic Development Organizations and Relocation Management Companies will become increasingly important. With remote work and globalization shifting how companies operate, EDOs and RMCs need to evolve to address businesses’ changing needs.

Embracing Technology

Integrating technology into relocation services will be a key factor in the future of these partnerships. By leveraging data analytics, virtual tours, and online platforms, companies and their employees can improve the relocation process. EDOs and RMCs that adopt these technologies will be better prepared to attract businesses to their regions.

Fostering Sustainable Practices

Sustainability is becoming an essential consideration for many companies when selecting relocation sites. EDOs and RMCs should collaborate to promote eco-friendly initiatives and sustainable practices in their areas. Highlighting these efforts can be a persuasive factor for businesses looking to relocate.

Strategic Insights for Future Collaborations

The ties between Economic Development Organizations and Relocation Management Companies are not just beneficial; they are essential. By leveraging each other’s strengths, they create solutions that meet relocating companies’ needs. The successful examples from different cities demonstrate the positive impact these partnerships can have on local economies.

As the business landscape continues to change, EDOs and RMCs must stay flexible and innovative. By leveraging technology and fostering sustainability, they can help ensure their regions remain appealing to businesses looking to make a new home.

In an era where economic development is vital, these strategic partnerships will be crucial in shaping the future of communities across the United States.

To discover how you can collaborate with a Relocation Management Company, arrange a brief program consultation call with Global Mobility Solutions.

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Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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Why GMS Provides Relocation Coaches to Each Transferee

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When moving with GMS, your coach will be with you every step of the way

Global Mobility Solutions (GMS) is the industry leader in relocation services. We have been providing companies with global mobility programs since 1987. One of the things that sets GMS apart from the competition is our dedication to personalized service. Every person who moves with us is assigned a relocation coach, a highly trained professional with expert guidance in either domestic or international employee relocation, who will be with you every step of the way. 

Our coaches’ critical responsibilities include delivering the highest customer and client satisfaction. Each coach works with transferees to complete a needs analysis and then verify their understanding of the relocation services authorized. Our coaches are proactive in tracking the progress of candidates and transferees to ensure the highest conversion levels and customer/client satisfaction. They are always ready to address any issues promptly, providing a smooth and stress-free relocation process.

The most significant advantage of working with a global mobility expert is that they act as a single point of contact for candidates/transferees to work through all questions, issues, and problem resolutions.

Our relocation coaches are highly trained professionals who are dedicated to making the moving process as smooth and stress-free as possible for our clients. They are there to answer any questions, address any concerns, and provide support every step of the way. By working closely with each individual, our coaches ensure that all needs are met and that the relocation process is a success.

In addition to providing guidance and support, our coaches also play a crucial role in ensuring that our clients are satisfied with our services. They track the progress of each candidate and transferee, ensuring everything is on track and addressing any issues promptly. By acting as a single point of contact, our coaches make it easy for clients to get the assistance they need when they need it.

Overall, our relocation coaches are an essential part of our team, helping to deliver the highest levels of customer and client satisfaction. With their expertise and dedication, we can provide a seamless and efficient relocation experience for everyone who moves with us.

Ready to Receive Expert Relocation Coaching?

GMS’ relocation coaches are highly trained professionals who understand the challenges and complexities of moving to a new location. They will work closely with your employees to create a personalized relocation plan that meets their needs and preferences. From finding the right neighborhood to coordinating logistics, our coaches will be there every step of the way to ensure a smooth transition.

By partnering with GMS, you can rest assured that your employees will receive the support and guidance they need to settle into their new home with ease. Our team is dedicated to providing top-notch service and making the relocation process as stress-free as possible for everyone involved.

Be sure to give your employees the expert relocation coaching they deserve. Contact us today to learn more about how GMS can help streamline your global mobility needs and provide a seamless relocation experience for your team.

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Why Outdated Relocation Policies Are Holding You Back

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What to do about it

Today’s workforce has changed, and so have their expectations around mobility. Employees, especially Millennials and Gen Z, are looking for relocation support that’s flexible, tech-enabled, and personalized. Unfortunately, many companies are still relying on rigid, traditional relocation policies that no longer meet modern needs. The result? Low satisfaction, weak program adoption, and missed opportunities to retain top talent.

The Disconnect: Traditional Policies vs. Modern Expectations

Legacy relocation programs often operate with a one-size-fits-all approach. But employees want choice, real-time support, and tools they can access on the go. Relocation can be a significant life event, often filled with excitement and anticipation. Still, it can quickly turn into a source of considerable stress if the essentials are not in place. When individuals or families move to a new location for work or personal reasons, they typically rely on a variety of support systems and resources to facilitate a smooth transition. These essentials may include things like housing assistance, information about local schools and healthcare facilities, help with navigating the community, and support for acclimating to a new workplace environment.

Moreover, when employees feel disconnected and unsupported during their relocation, it can create friction between them and their employer. This friction can manifest in various ways, such as decreased morale, lower job satisfaction, and reduced overall engagement with their work and the organization as a whole. Employees may feel that their needs are not being prioritized, which can lead to feelings of resentment or disengagement from the company.

From an organizational perspective, this situation can have significant implications for talent strategy. A negative relocation experience can lead to high turnover rates, as employees who feel unsupported may choose to leave the organization in search of a more supportive work environment. Furthermore, it can tarnish the company’s reputation, making it less attractive to potential talent in the future. A robust talent strategy should prioritize the relocation experience, ensuring that employees have access to the necessary resources and support to make their transition as seamless as possible. By addressing these essentials, organizations can foster a culture of support and engagement, ultimately enhancing employee satisfaction and retention.

The Modern Solution: Customizable, Employee-Centric Mobility Programs

Forward-thinking HR leaders are partnering with relocation providers that offer flexible policy frameworks and digital tools, such as mobile apps, 24/7 chat support, and interactive relocation planners. These services empower employees to navigate their move with confidence, while giving HR teams the ability to track and manage the process seamlessly.

Adding feedback loops—such as pulse surveys and post-move evaluations—ensures your program evolves in response to your workforce’s needs. Instead of guessing what employees want, you’ll have real data to guide smart policy updates.

Quick Win: Try Core-Flex with Quarterly Surveys

Not sure where to start? Implementing a core-flex policy model provides employees with a base level of support, along with the option to personalize their benefits. Pair this with quarterly surveys to fine-tune offerings based on actual feedback. It’s a fast, scalable way to improve satisfaction without overhauling your entire relocation program overnight.

Ready to future-proof your relocation program?

Relocation isn’t just an HR process—it’s a strategic tool for talent mobility, employee retention, and business growth. When you modernize your relocation policy with employee-centric solutions, you create programs that are lean, aligned, and truly appreciated.

At GMS, we help organizations simplify complexity, reduce costs, and elevate the employee experience—without compromise. Let’s talk about building a relocation program your workforce will love.

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Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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Business Travel Compliance: What Global Mobility Teams Need to Know in 2025

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Tips for business travel in 2025

As businesses expand their operations across borders, the need for clear and effective compliance strategies becomes paramount. Business travel compliance refers to the adherence to various laws and regulations governing the movement of employees across international borders. This includes understanding visa requirements, tax implications, and labor laws in different countries. 

In recent years, governments worldwide have tightened their immigration policies, leading to increased scrutiny of business travelers. This shift means that even employees with permanent residency or long-term visas are not exempt from compliance checks. Companies must stay informed about the latest regulations in each country where their employees travel. This includes understanding the specific documentation required for business trips, such as work permits or travel authorizations, as well as any other relevant requirements.

To navigate the complexities of business travel compliance, many organizations are turning to technology for support. Compliance management software can help track employee travel, manage documentation, and ensure that all necessary permits are in place. Additionally, these tools can provide real-time updates on changing regulations, allowing global mobility teams to respond quickly to new requirements.

A robust compliance strategy also involves educating employees about their responsibilities when traveling for work. Global mobility teams should implement training programs that cover essential topics, including visa applications, tax obligations, and local laws and regulations. By fostering a culture of compliance, organizations can minimize risks and ensure that employees are well-prepared for their international assignments.

Business Travel Has to Stay Organized

Establishing a clear compliance framework is crucial for effectively managing business travel. This framework should outline the processes for obtaining necessary documentation, tracking employee travel, and ensuring adherence to local laws. Regularly reviewing and updating this framework will help organizations stay ahead of regulatory changes.

Engaging with legal and tax professionals who specialize in international business travel can provide valuable insights and guidance. These experts can help identify potential compliance risks and recommend strategies to mitigate them. Collaboration ensures that global mobility teams have access to the latest information and best practices.

Encouraging open communication between global mobility teams, HR, and employees is crucial for successful compliance. Establishing clear channels for reporting issues or seeking guidance can help address compliance challenges promptly and effectively. Regular check-ins and updates can also keep everyone informed about changes in regulations or company policies, ensuring everyone is aware of the latest developments.

Why Business Travel Compliance is a Growing Concern

As the business travel landscape continues to evolve, compliance will remain a critical focus for global mobility teams. By understanding the complexities of international regulations, leveraging technology, and fostering a culture of compliance, organizations can ensure smooth travel experiences for their employees. Preparing for the future of business travel compliance is not just about meeting legal requirements; it’s about enabling a global workforce to thrive in an increasingly interconnected world.

Who is Impacted?

In this dynamic environment, several key groups are particularly impacted by compliance challenges. 


Foreign Nationals on Temporary Work Visas: Employees on temporary work visas, such as H-1B or L-1, must navigate a complex web of immigration laws and regulations. These individuals often face restrictions on their travel, which can complicate business trips and meetings. Organizations must ensure that these employees are aware of their rights and obligations, as well as any potential implications of their travel on their visa status.


Green Card Holders and Permanent Residents: While green card holders enjoy more stability than temporary visa holders, they must still be mindful of compliance issues. Extended travel outside the U.S. can raise questions about their residency status. Companies should guide these employees about maintaining their permanent residency while fulfilling business obligations abroad.


Business Travelers with Dual Intent: Employees who hold dual citizenship or have complex travel histories may encounter unique compliance challenges. These individuals must be aware of the regulations governing their travel in different jurisdictions. Organizations should provide resources and support to help these employees navigate the complexities of international travel, ensuring they remain compliant with both their home country’s laws and those of the host country.


Organizations Seeking Compliance: Companies themselves are also significantly impacted by compliance requirements. Failing to adhere to international regulations can lead to severe penalties, including fines and reputational damage. To mitigate these risks, organizations should invest in robust compliance training programs, utilize technology to track employee travel, and establish clear policies that align with global regulations.


In conclusion, as the business travel landscape continues to change, understanding and addressing the compliance needs of all stakeholders is essential. By fostering a culture of awareness and support, organizations can empower their employees to travel confidently and compliantly, ultimately enhancing their global mobility strategy.

The Role of Global Mobility Providers

Global Mobility Services (GMS) play a crucial role in helping organizations navigate the complexities of travel compliance. By offering expert guidance and tailored solutions, GMS providers enable businesses to focus on their core operations while remaining compliant with international regulations.

GMS providers offer a wealth of knowledge and resources to help organizations understand the intricacies of travel compliance. They assist in identifying the specific regulations that apply to different regions and industries, ensuring that companies are well-informed about their obligations. This support includes regular updates on changes in laws and regulations, helping businesses stay ahead of potential compliance issues.

We're Here to Help! Request a Courtesy Visa Program Consultation

Properly managing a visa and immigration program involves meticulous coordination, precise communication, and worldwide interaction with government agencies, corporate personnel, and relocating employees.

At GMS, we provide you with peace of mind in knowing your mobility program is fully compliant and being managed by the best in the industry.

Request a no-pressure, courtesy consultation from a GMS Mobility Pro. We’ll be in touch within 1 business day.

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Best Practices for Relocation: Multiple Bids for Household Goods Moves

Is your RMC helping keep relocation costs in check by taking multiple bids?

It is no secret that competition leads to various benefits, including significant savings for the end user. We have seen the opposite when a company monopolizes a product. Having one choice has never worked out well for consumers. The same applies to corporate relocation and household goods moves.

Many relocation management companies (RMCs) are either owned by or affiliated with van line companies. Therefore, when a client company wants to move its employees, the employees do not have a choice of van lines. The RMC and the van line know that the transferee is at their mercy concerning price, scheduling, and customer service.

However, some RMCs use a multiple-bid process to ensure that transferees get the best price and service. There are some significant benefits to having van lines compete for the relocation business:

  • It encourages the providers to “sharpen their pencils” to provide the lowest reasonable cost
  • It ensures adherence to a company’s relocation policy guidelines
  • It is a way to eliminate any service day surprises

This is all accomplished by having at least two carriers meet with the transferee to create estimates based on the amount that needs to be moved, what requires special handling, and where it needs to be relocated. Then, the RMC audits the estimates to look for inconsistencies, for example:

  • Do the pickup and delivery dates correspond with the move?
  • Does one company estimate more crates than another?
  • Does one company show specialty items that the other company may have missed?
  • How close are the estimated prices?
  • Auditing the bids ensures an apples-to-apples understanding of the van line options and helps weed out potential overages.

    Every carrier knows that its goal is to secure the business. As a result, it offers honest and precise quotes without extra costs. Several relocation policies involving moving companies also come with a maximum estimate guarantee. This helps ensure the relocation process follows industry standards and offers the most suitable solution.

Companies that utilize a multiple-bid process save an average of $1,547 per move! This breaks down to an average of $1,473 to $1,604 for household goods movement and $175 to $289 for car shipments per move.

Although cost is necessary, the experience of the person being transferred is also crucial. Allowing them to meet with various moving companies will help them feel more involved in the moving process. Sometimes, the person being transferred can select the moving company they prefer. 

Even if an estimate is slightly higher than another, if it falls within a certain percentage (based on the client company’s relocation policy) of the lower bid, a transferee may select the more expensive carrier if he or she feels more comfortable with that specific household goods mover. This promotes an overall positive experience because transferees are happier when they think they are heard throughout the relocation process. We all know that happy employees are more productive.

GMS Can Help Companies Save

Global Mobility Solutions (GMS) was the first to introduce the “Freedom of Choice” approach in relocation services. By implementing industry best practices and offering various options from different providers, GMC has helped client companies and their employees reduce costs for services such as moving household goods and obtaining mortgages. GMS is dedicated to creating innovative workforce mobility programs to simplify and enhance the relocation process for clients and their staff.

This innovative method reduces business costs and provides employees with greater autonomy and flexibility during their relocation. By empowering employees to select the services that best suit them, GMS ensures that each person feels appreciated and supported throughout the relocation process. This personalized strategy results in a seamless employee transition and a more streamlined company relocation process. With GMS at the helm of forward-thinking workforce mobility initiatives, businesses can save costs while ensuring employees enjoy a positive and hassle-free relocation journey.

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Employees Not Taking Advantage of Lump Sum Relocation Packages

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Learn why it is essential for employees to utilize every penny possible in a lump sum relocation policy

What is a Lump Sum Relocation Policy?

A lump sum relocation package is a fixed sum of money employers provide to employees being transferred or newly hired. This money is given in place of relocation benefits like assistance with moving household goods, training in culture and language, or help finding a new home. Employers anticipate that employees will use the lump sum payment to handle their relocation process.

Employers with employees who have recently graduated from college, individuals who contribute to the company, or those who are new to their careers may be the most suitable recipients for relocation packages that involve a lump sum payment. These workers typically rent their homes and have only a few belongings to relocate. Furthermore, they only sometimes demand substantial investments in talent acquisition since they are vying for positions at a lower level.

When it comes to companies hiring new employees or transferring them to higher positions, it is considered the best practice to offer a variety of advantages. Individuals at more elevated levels often necessitate a substantial investment in recruiting skilled individuals. Providing benefits that aid in successful relocations also leads to increased employee contentment.

Avoiding Risks with Lump Sum Packages

By offering lump sum packages versus a comprehensive relocation package, you may be putting your employees and your business at risk, cutting costs at the expense of employee satisfaction, loyalty, and productivity.

Firstly, it is common for employers to need more money in their lump sum compensation packages to fully cover the costs of relocating their employees. Even if employees can negotiate a higher lump sum amount, they still have to personally pay for relocation expenses, such as storage and labor, to unload their belongings. This is a frequently encountered situation for employees relocating with lump sum packages. 

In most cases, employees relocating with a lump sum package see the financial amount as a bonus and money to move with. The most straightforward example is that employees might try to use a local moving company to save some of that cash instead of using a vetted van line company provided by their relocation management company. 

While it seems incredible that the employee can pocket the saved cash, much can go wrong in the relocation process. Using an unorganized household goods shipping provider that cannot handle a rushed family move can cause many more issues than solutions.

What Advantages Do Lump Sum Mobility Policies Offer?

Lump sum relocation packages offer benefits in streamlining the process for employers. The primary advantage is that employers and their mobility managers face fewer complexities when providing relocation assistance. Supporting employees during their relocation is simplified to merely addressing inquiries regarding the availability of the lump sum funds.

Employers can also simplify their budgeting and forecasting processes. Instead of spending time and effort trying to figure out the exact costs of hiring or transferring employees, they can use a standard number that applies to all tiers of their relocation program.

GMS Is Here to Help

The corporate relocation specialists at Global Mobility Solutions (GMS) have assisted numerous clients in developing relocation policies that effectively attract and retain skilled individuals. With our expertise, we can help your company by offering exceptional relocation packages that ensure a positive experience for transferees and new employees.

GMS became the initial relocation corporation to officially register as a .com. Additionally, they developed the inaugural online interactive instruments and calculators, which brought about a complete transformation in the relocation sector. GMS continues leading the industry by being the forerunner in innovative and technological solutions through its exclusive MyRelocation™ technology platform.

Contact our specialists to explore how your organization can utilize one-time relocation packages for new employees and transferees.

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Navigating the Future: Is Your Relocation Program Aligned with Gen Z Expectations?

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In today’s rapidly changing workforce, understanding the preferences of Generation Z (Gen Z) is more important than ever. Born between 1997 and 2012, this group has distinct views on work, personal fulfillment, and workplace culture. As they enter the job market, their unique expectations are influencing how organizations approach employee relocation.

To attract and retain top talent from this generation, it’s essential to examine whether your current relocation services align with their values and needs. This generation is also highly tech-savvy, having grown up in a digital world, which shapes their expectations for communication and collaboration. As such, organizations must adapt their relocation programs to meet these evolving demands.

As Generation Z continues to shape the workforce, organizations must adapt their relocation programs to meet the expectations of this generation. By embracing flexibility, leveraging technology, prioritizing mental health, and committing to sustainability, companies can create a relocation experience that resonates with this dynamic generation. Ultimately, aligning your relocation services with Gen Z values not only enhances employee satisfaction but also strengthens your organization’s ability to attract and retain top talent in a competitive job market.

Understanding Gen Z's Core Values

A strong desire for authenticity and meaningful experiences characterizes Gen Z. They tend to avoid superficial interactions and appreciate transparency, inclusivity, and social responsibility. If your relocation program does not embody these values, your company may struggle to attract and retain young talent.

For instance, a survey showed that 70% of Gen Z individuals prefer to work for companies dedicated to social causes. Highlighting sustainability in relocation practices or promoting community engagement can resonate with their desire for a sense of purpose.

Tech-Savvy Solutions

Having grown up with technology, Gen Z expects seamless digital experiences in their professional lives. When considering relocation programs, they are drawn to innovative solutions that enhance efficiency and productivity.

For example, offering virtual reality tours of potential housing or the new workplace can simplify the decision-making process. Additionally, a relocation management system that includes a mobile app for budget tracking and real-time communication can streamline processes. A study by the Global Mobility Association found that companies utilizing tech tools in their relocation efforts saw a 35% increase in employee satisfaction.

Flexibility and Personalization

As work becomes more adaptable, Gen Z expects personalized experiences that meet their unique needs. A rigid, one-size-fits-all approach to relocation will not attract this cohort.

To improve your program, consider providing customizable options, such as:

  • Flexible timelines for relocation
  • Housing assistance tailored to individual preferences
  • Support for a young family relocation needs

Additionally, offering resources for remote work setups can help ease the transition for employees who may prefer this model after relocating.

The Importance of Community and Connection

Although often viewed as individualistic, Gen Z values community and connection above all else. Relocation programs should incorporate initiatives fostering a sense of belonging.

Offering opportunities for local networking events and mentorship in new areas can help new employees feel welcome and integrated. Community service projects can also create strong connections and resonate with Gen Z’s desire to make a positive impact on society. Studies show that 80% of Gen Z believe it’s essential to work for organizations that care about their communities.

Financial Support in the Age of Uncertainty

Gen Z has entered the job market during a period of economic instability, making financial security a crucial priority. Several factors, including fluctuating job markets, rising inflation rates, and the lingering effects of global events such as the COVID-19 pandemic characterize the economic instability faced by Gen Z. These conditions have resulted in a challenging environment for job seekers, with many traditional career paths undergoing transformation and new industries emerging at an unprecedented rate. As a result, Gen Z individuals are often compelled to adopt a more pragmatic approach to their careers, prioritizing roles that offer not only competitive salaries but also benefits that contribute to long-term financial well-being, such as relocation services.

Relocation programs should address financial aspects like:

  • Relocation reimbursement policies
  • First-time homeowner programs
  • Cost-of-living evaluations

Providing these resources will not only address Gen Z’s immediate concerns but also foster loyalty by demonstrating that their financial needs are being prioritized.

Mental Health and Well-Being Considerations

Mental health is a top priority for Gen Z, as many seek supportive work environments that foster well-being. During relocation, they value programs acknowledging emotional needs.

Incorporating mental health resources, such as access to counseling services or wellness workshops, can significantly enhance satisfaction. Tools that promote stress relief, such as yoga sessions or mindfulness apps, can help ease transitions and improve overall well-being.

The Green Factor

Gen Z is increasingly aware of environmental issues. They gravitate towards brands that prioritize sustainability.

To appeal to this demographic, consider integrating eco-friendly practices into your relocation program. This includes offering:

  • Sustainable transportation options
  • Housing assistance that promotes local and organic choices
  • Green moving supplies

Demonstrating a commitment to sustainability can align your organization’s values with those of Gen Z and foster deeper loyalty.

Embracing Gen Z's Future

To successfully engage with Gen Z, organizations must align their relocation programs with the expectations of this generation. Authenticity, innovative tech solutions, personalized experiences, community connections, financial transparency, mental health support, and sustainability are key areas to focus on.

By implementing these strategies, companies will not only attract top talent from the younger workforce but also create a supportive and engaging environment that fosters loyalty and satisfaction.

Is your relocation program prepared for the future? Embrace these insights to lead the way in providing an enriching transition for the next generation of talent.

To discuss your relocation needs and receive a complimentary program and policy review to ensure your program aligns with the talent you are trying to attract, please contact GMS today.

We're Here to Help! Request a Courtesy Consultation

Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

Categories
Corporate Relocation

Is Your Relocation Program Incurring too Much Interest?

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Interest vs Flat Fee Funding on Talent Mobility Services

Identifying unexpected costs associated with Relocation Management Companies (RMC) is often overlooked during the proposal or renewal process. While direct costs for shipping goods, home sales, home purchases, temporary housing, and other in-policy services are straightforward, the interest associated with funding these costs can accumulate quietly and impact the overall spending of your relocation program.

The cost of funds can vary by RMC. Most RMCs offering expense management services charge a Prime Rate plus a 3% or higher interest rate on each invoice paid on behalf of the corporate client. The interest calculation begins from the processing date to the time payment is received from the corporate client. This approach provides the RMC with an additional revenue source and can be costly, depending on the number of invoices and payment terms.

Based on the number of invoices, expenses, and payment conditions, a single funding charge can significantly lower the fees associated with your relocation program. This one-time payment addresses all relocation costs directly rather than imposing interest charges.

Companies can gain better control over their relocation expenses by opting for a flat funding fee. This approach simplifies budgeting and forecasting, eliminating the uncertainty associated with fluctuating interest rates. Additionally, it allows for more transparent financial planning, making it easier for businesses to allocate resources effectively.

When considering the best option for your relocation program, it’s essential to evaluate the total cost of each method. A flat fee can often lead to significant savings, especially for organizations that manage many relocations. Furthermore, this model can enhance the overall experience for employees, as they won’t be burdened with unexpected costs or payment delays.

Work with GMS to save on Relocation Costs

At GMS, we understand that every relocation is unique, and we tailor our services to meet your organization’s and employees’ specific needs. Our team of experts is dedicated to providing comprehensive support throughout the relocation process, from initial planning to final settlement. We offer various services, including destination services, home-finding assistance, and cultural training, ensuring a smooth transition for your employees and their families.

Moreover, our technology-driven solutions provide real-time tracking and updates, allowing you to monitor the progress of each relocation. This transparency keeps you informed and helps build trust with your employees, as they can see the status of their move at any time.
Partnering with GMS also benefits you from our extensive network of local service providers. This network enables us to negotiate better rates and services on your behalf, allowing you to enjoy cost savings without compromising quality.

Let us help you streamline your relocation program and enhance your employees’ experience. Contact Global Mobility Solutions today to discover how we can assist you in achieving your relocation goals while keeping costs manageable.

We're Here to Help! Request a Courtesy Consultation

Are you ready to talk to a Mobility Pro? Learn how GMS can optimize your mobility program, enhance your policies to meet today’s unique challenges, receive an in-depth industry benchmark, or simply ask us a question. Your Mobility Pro will be in touch within 1 business day for a no-pressure, courtesy consultation.

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