Category: Domestic Relocation Tips

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When Is the Best Time to Budget for Relocating an Employee?

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When to Set a Relocation Budget

When a company is relocating an employee, there are many expenses to track and logistics to coordinate to make it happen. When creating relocation policies and benefits on behalf of the company, there are many aspects of relocation to consider. This can include buying and selling a home, moving the employee’s household goods, and short-term housing in the new location. 

With all of the complex movements required for a successful relocation, it can take time to know when to begin the budgeting process for the relocation. Should it happen before the position is posted? Before the employee is made aware of the opportunity? When does the company find the best prices for relocation services? While there isn’t a definitive answer, there are several mobility industry standards to consider when determining when to budget for the employee’s move.

The Right Time to Set a Relocation Budget

Typically, the best time to set a relocation budget is once the offer is extended to the candidate, especially if the company is working with a relocation management company. The primary reason is that the relocation company can work with the candidate to discuss their questions or concerns about the move. Allowing a relocation company to assist in the interview process can ensure the employee has their needs covered while the company is not overspending.

For example, an employee may have multiple cars that must be shipped to their new destination. After speaking with the candidate, the relocation company can then report back to the company on the potential costs and services needed to relocate the employee and their family. 

If the company’s policies only cover the cost of transportation for a single vehicle, that information can be communicated back to the employee. Policy restrictions play an essential role in helping companies control costs. However, some organizations may agree to an exception to their policy to assist the employee with their move and ensure acceptance of the relocation offer. These changes will impact the total cost of the relocation.

Alternatively, the second-best time to start relocation budgeting is once the candidate accepts the job offer. Now that the employee understands that he or she is moving, the relocation team can work with them on what to expect and allow them to get the most out of the relocation benefits offered by their employer.

How to Calculate for Relocation Costs

When planning for relocation costs, there are many things to keep in mind, specifically costs like: 

  • Real estate costs, such as buying and selling a home
  • Moving of household goods, cars, or pets
  • Travel expenses 
  • Storage facilities 
  • Temporary housing in the new location
  • Taxes 

Once all foreseen costs are accounted for, the relocation budget can be managed by the relocation provider. It is recommended that companies work with a relocation management company that utilizes relocation technology and software that can include real-time tracking of employee moving expenses. This helps companies not only stay on budget but create or renew budgets for future relocations. 

One of the first steps in calculating relocation costs is considering real estate expenses. This includes the costs associated with buying or selling a home. It’s important to factor in any fees or commissions involved. Additionally, if you’re renting a new place, you’ll need to account for the security deposit and any upfront rent payments.

Next, you’ll need to think about the cost of moving your household goods, cars, or pets. This can vary depending on the distance of the move and the amount of items you need to transport. It’s a good idea to get quotes from different moving companies to compare prices and find the best deal.

Travel expenses are another vital factor to consider. If you’re moving to a different city or country, you must account for the cost of flights or other transportation methods. This includes not only your travel but also any family members or pets that will be accompanying you.

Sometimes, you may need to utilize storage facilities during the relocation process. This could be necessary if there is a gap between when you move out of your current home and when you can move into your new one—research storage options in advance and factor in the monthly cost.

Temporary housing is often required when relocating to a new location. Whether it’s a hotel, rental property, or corporate accommodation, you’ll need to budget for the cost of staying in a temporary home until you find a permanent residence. Remember that these costs can vary depending on the location and duration of your stay.

Lastly, remember taxes. Depending on the country or state you’re moving to, additional surcharges or fees may be associated with the relocation. Researching and understanding the tax implications beforehand is essential to avoid any surprises.

To effectively manage the relocation budget, it’s recommended to work with a relocation management company that utilizes technology and software for real-time tracking of expenses. This allows companies to stay on budget and make informed decisions when creating or renewing budgets for future relocations.

Working with the Best to Setup Relocation Budgets

By considering all these factors and working with a reliable relocation provider, you can ensure your relocation costs are accurately calculated and managed. Planning and being thorough in your research will help you avoid any unexpected financial burdens during the relocation process. 

Global Mobility Solutions (GMS) is here if you have questions about developing relocation budgets. Our team can support your employees in getting the most out of their relocation benefits while your company can stay within your relocation budget. Our team understands that moving multiple employees every year can be challenging, so our tailored global mobility solutions can help any company of any size seamlessly move any number of employees.  

 Contact us today online or call 1.800.617.1904 to speak with one of our qualified team members. 

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Managing Employee Stress During Corporate Relocation

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Couple sit on sofa pack their personal belongings, sealing cardboard boxes with adhesive tape preparing for relocation from rented house to new own home. Bank loan for young family, tenancy concept

How to help employees through the talent mobility process

Relocation – a word that conjures up images of excitement and new beginnings. Yet, amidst the sparkle of fresh opportunities lies a lesser-known truth: the significant stress it places on employees. With its whirlwind of change and upheaval, corporate relocation can take a toll on your workforce’s emotional and psychological well-being. As a manager, recognizing and addressing the impact of this process is crucial for maintaining productivity and preserving employee satisfaction. This blog post will delve into managing employee stress during a corporate relocation, equipping you with essential insights and strategies to guide your team through this challenging transition.

Understanding the Impact of Corporate Relocation on Employees

In the intricate mosaic of relocation, it’s vital to unravel the threads that weave through the minds and hearts of your employees. Relocation isn’t simply a physical shift from one place to another; it’s an emotional odyssey. The impact runs more profound than the boxes they pack or the miles they travel. It seeps into their sense of stability, uprooting familiar routines and unsettling personal lives. By peering into the kaleidoscope of emotions experienced during a corporate move, we can begin to empathize with our employees‘ fears, anxieties, and aspirations, forging a path toward better support and understanding.

Creating a Supportive Relocation Policy

Just as a compass guides weary travelers through uncharted territories, a well-crafted relocation policy is a guiding light for employees navigating the murky waters of corporate relocation. It’s not merely a set of rules and regulations; it’s a lifeline that offers support, assurance, and a sense of security. A comprehensive policy should be a cloth of empathy and practicality, addressing the unique needs and challenges of uprooting lives. By weaving financial assistance, relocation packages, and essential resources for housing and settling in the new location, we can create a safety net that eases the burden on our employees’ shoulders and paves the way for a smoother transition.

Effective Communication and Transparency

In the labyrinth of corporate relocation, communication becomes the compass that guides employees through the maze. Openness, honesty, and transparency are the keynotes of a successful transition. By fostering a culture of open dialogue, we provide a safe space for employees to voice their concerns, air their anxieties, and seek reassurance. Regular updates and clear communication channels ensure no one feels left in the dark, adrift amidst uncertainty. By embracing two-way communication, we create a bridge that connects managers and employees, allowing for the exchange of feedback, questions, and valuable insights. Together, we navigate the uncharted waters, united and well-informed.

Supporting Employee Well-being

Amidst the whirlwind of relocation, we must maintain our employees’ well-being. Balancing work and personal life becomes even more critical during this transitional period. Encouraging stress management techniques, such as exercise and mindfulness, helps employees find moments of tranquility amidst the chaos. Access to counseling or employee assistance programs can provide a safety net for those grappling with heightened emotions. By prioritizing their well-being, we fortify our team, ensuring they remain resilient and productive throughout the relocation. After all, a healthy and supported workforce is the foundation upon which success is built.

Providing Practical Assistance

An office move with minimal disruption? There are ways to stay on track. Are you facing logistical challenges? By offering practical assistance, we alleviate their burdens. Assisting with tackling the hands-on realm of turmoil lightens the physical load and sends a message of care and support. Guiding employees in finding suitable schools, healthcare providers, and local amenities ease their integration into the new community. Additionally, providing access to resources for spousal employment and support ensures that their loved ones feel secure and supported. Together, we lay the groundwork for a seamless transition, one practical step at a time.

Empathy and Understanding

Empathy and understanding become beacons of light in the tempest of corporate relocation, guiding us through the storm. Each employee’s journey is unique, and we must acknowledge and appreciate their circumstances. By showing genuine empathy, we create an environment where they feel heard and supported. Understanding their challenges and emotions helps us tailor our approach, adapting to their needs and alleviating stress whenever possible. Flexibility becomes a cornerstone, allowing us to accommodate personal circumstances and provide support. With empathy as our compass, we navigate the choppy waters of relocation, fostering a culture of compassion and unity.

Building a Sense of Community in the New Location

Building a sense of community in the new location becomes paramount as employees embark on their relocation journey. Facilitating opportunities for connection and camaraderie fosters a support system amidst unfamiliar surroundings. Organizing social events and team-building activities helps forge bonds and create a sense of belonging. Encouraging employees to explore and appreciate their new surroundings cultivates a positive mindset and a deeper connection with the new environment. Together, we weave a fabric of unity, transforming a foreign land into a place they can proudly call home. Through community, we find strength and resilience in the face of change.

Final Thoughts from GMs

Regular check-ins after corporate relocation allow us to gauge their well-being and assess the toll the transition may take on them. Identifying signs of burnout or excessive stress becomes crucial in providing timely support. Equipped with this knowledge, we can offer resources and assistance tailored to their needs, be it stress management techniques or access to mental health support. By actively addressing their stress levels, we ensure their mental and emotional well-being remains intact, fostering a resilient and thriving workforce.

For more information about how to handle every aspect of the corporate relocation process, contact Global Mobility Solutions (GMS) today. GMS is a full-service talent mobility provider. Our in-depth relocation programs help companies get their employees from point A to point B by reducing stress as much as possible.

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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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Family Matters and Career Support for Spouses Impacted by Relocations

Couple on floor next to moving boxes

Learn why it’s important to include family and spousal support in relocation assignments

Relocating employees often have questions regarding their children’s education, family healthcare, eldercare, and the job market and career support for their accompanying partner or spouse. Understanding your employee’s needs is essential to their relocation process. By providing valuable resources for transferees and their families, your company can help ensure a successful relocation.

In Worldwide ERC’s report, U.S. Transfer Activity, Policy & Cost Survey, the average cost to relocate a home-owning employee is approximately $79,000. Family concerns about the relocation often make employees reluctant to accept transfer assignments. Reasons include fears about the new location, spouse reluctance to leave their current position, housing market issues, and cost of living differences. There are many actions employers can take to ensure their employees and family members have a positive relocation experience.

Pre-Decision Services

Your company should provide Pre-Decision Services for employees to help them learn about the relocation assignment. Candidate assessments and family pre-decision evaluations help your company determine the employee’s expectations, skills, personal qualities, family situation, and financial readiness for the relocation. Helpful information your company can provide to the employee and their family for their decision-making process includes:

  • Cost of living analysis
  • Market analysis for home sales
  • School reports
  • Moving cost estimates
  • Community searches and tours to familiarize employees and their family members with the new location

Significant benefits to the organization include increased job acceptances, accurate budgets, minimal policy exceptions, and cost savings. Benefits for employees include expert counsel to help understand all their relocation assistance, a dedicated consultant and support services for spouses and partners.

Career Support

Your company should provide career support services to the partners and spouses of relocating employees. An experienced and well-qualified Relocation Management Company (RMC) can provide industry best practices and a relocation benchmarking study for guidance on how to set up your relocation program. Career support should include the following:

  • Comprehensive career assistance that reviews a candidate’s experience, identifies personality type, discusses the importance of corporate culture, develops an application schedule and goals, offers resume review, provides networking and interview preparation, and assists candidates in navigating job listings and online resources.
  • Access to the company’s network of recruiters it uses for its staffing requirements; some Relocation Management Companies (RMCs) can provide access to a larger recruiter than the company’s current in-house program.
  • Partners or spouses may have a small business with unique needs and require specific guidance when relocating their business. Resources for partners or spouses looking to start a new business or relocate an existing company may include market analysis, networking assistance, and introductions to the startup community in the new location.

Family Support

Relocating employees and their family members often deal with several stressful factors and situations as they relocate. Your company can help smooth the process by providing resources to help everyone acclimate to their new location. Relocation programs should include resources for settling into the area, such as:

  • Access to online resources and community networks in the new location
  • Attaining a local driver’s license
  • Child care arrangements
  • Connecting utilities and arranging for installations
  • Interim health insurance coverage
  • Locating a primary care physician in the new location

Let GMS Assist Your Employees and Their Families

Providing a full range of career support and other resources for transferees and their families serves to ensure successful relocations. The corporate relocation experts at Global Mobility Solutions (GMS) have the knowledge and expertise to help your company assess candidates for assignments and provide your employees and their family members with the best relocation experience.

Contact our team of experts to discuss how we can help strengthen your relocation assistance offerings. We will ensure your company stays competitive in job offers with comprehensive relocation packages. Then, we will assist your employees in the most seamless relocation process possible.

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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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How To Craft An Effective Relocation Orientation Program For Employees

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Here are some tips to help ease in newly relocated employees

When hiring new employees, it’s important to provide in-depth orientation programs for new hires so they can be onboarded efficiently. This is also important to consider when team members are relocated to a different site, especially if this involves a significant upheaval in their living circumstances.

To that end, here are some tips to follow to build a relocation-focused orientation program that works.

Aligning the Program with Company Culture and Values

One of the essential aspects of crafting an effective relocation orientation program is ensuring that it aligns seamlessly with your organization’s core values and distinctive company culture. This helps relocated employees quickly understand what defines their new work environment, facilitating a smooth transition into their roles.

To achieve this alignment, feature stories that showcase company traditions or events that exemplify your business ethos in written materials and multimedia presentations throughout the orientation process. Encourage participation from existing employees to share anecdotes about memorable experiences at work reflecting vital cultural elements, such as teamwork, innovation, or community engagement.

Moreover, provide clear guidelines on expected workplace behaviors while highlighting how they stem from foundational beliefs driving overall company objectives. Incorporating these cultural insights into every aspect of your relocation orientation program promotes faster integration and fosters more substantial commitment and loyalty among newcomers.

Leveraging Orientation Videos for Engaging Transitions

A well-produced and engaging orientation video is crucial to kickstart your employee relocation program. To create an impactful video, start by outlining the essential information that newly relocated employees need, such as company policies, support resources, documentation assistance, and brief introductions to coworkers or teams they will be working with.

To make the experience more enjoyable for employees while conveying important messages effectively, incorporate high-quality visuals and animations that capture their attention. 

Additionally, consider adding soothing background music to establish a relaxed atmosphere during this potentially overwhelming time in their lives. Some sources allow you to download royalty-free tunes perfectly suited for setting the desired ambiance within your orientation materials.

By combining valuable content with visually appealing presentations accompanied by pleasing sounds, you’ll lay a solid groundwork to set newcomers at ease, ultimately contributing to successful talent integration.

Facilitating Smooth Integration: Socializing & Networking Activities

While providing essential relocation information and resources is crucial, addressing the human aspect of moving also plays a vital role in successful employee transitions. Arranging socializing and networking events within your program can significantly aid newcomers’ ease into their new surroundings while making valuable personal and professional connections with colleagues.

Organize informal gatherings like team lunches or after-work outings to help break the ice between relocated employees and their co-workers. Such activities create opportunities for authentic interactions away from workplace pressures. Consider holding optional workshops focusing on common hobbies or sports so that employees bond over shared interests, which is an approach that naturally fosters camaraderie.

Additionally, arrange sessions where newcomers interact with representatives from different departments or divisions, illustrating cross-functional teamwork’s importance in achieving company objectives. By offering varied opportunities for interpersonal connection within the relocation orientation program, you’ll effectively pave the way toward mutual understanding among peers, thus establishing an inclusive environment primed for sustained collaboration and success.

Providing Comprehensive Information on Local Living Essentials

An effective relocation orientation program thoroughly addresses newcomers’ basic needs and concerns, helping them navigate the essentials of day-to-day life in their new location. Providing a guide, either in physical or digital form, can significantly relieve stress by offering ample resources for employees to settle into their new surroundings more comfortably.

Some essential contents to include within this guide may be:

  • Housing options: Advice on local neighborhoods that cater to different lifestyles and budgets and opportunities for temporary housing as needed.
  • Transportation: Information about public transport networks, parking facilities, or green commuting initiatives (if applicable).
  • Healthcare services: Details regarding nearby medical centers, hospitals, or pharmacies.
  • Childcare and schooling options: Insight on finding suitable schools, daycare centers, or student-support programs.
  • Grocery stores & dining spots: Recommendations for sourcing daily provisions from supermarkets and favorite restaurants within various budgets.

Setting Up Continuous Feedback Channels to Improve Relocation Experiences

To continually refine and enhance your relocation orientation program, establish open lines of communication for soliciting feedback from employees who have experienced the process firsthand.

Encourage honest responses via anonymous surveys or designated human resource personnel. Also, assess received feedback periodically to identify improvement areas, adjusting as needed within subsequent rollouts.

Ask Us for More Advice on Relocation Services

Now that you know what’s involved, you can start crafting your effective relocation orientation program today. Incorporating these eight essential elements ease employees’ transitions and creates a thriving and inclusive work environment. Enhancing the employee experience by developing a comprehensive support system that paves the way for success will pay dividends for individuals and the business.

If you need more information about employee relocation, contact us today. Global Mobility Solutions (GMS) has led the talent mobility industry since 1987; we utilize up-to-date relocation technology and an award-winning team of global mobility experts.

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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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Benefits of Pre-Decision Services

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Pregnant couple shopping online while packing their things.

What Are Pre-Decision Services? Learn more about the relocation process, starting with pre-decision services

Global Mobility Solutions (GMS) is the original pioneer of the benefits of pre-decision services. Our clients know that partnering with us at the start of the relocation process helps identify the markers of a successful relocation and greatly enhances transferee productivity. Our wide range of services allows clients to identify those employees who are the best fit for the assignment. Relocation technologies and systems let clients manage employee relocation programs with ease.

Among the many services GMS offers, candidate assessments have become critical for clients to assess expectations, skills, qualities, and financial and family issues impacting relocation success. Clients should examine candidate circumstances to identify prospects likely to succeed. For the candidate, pre-decision services provide valuable information they can use to determine, including helpful information about the cost of living, housing markets, school reports, and moving expenses.

Candidates indicate that community searches and tours benefit them in understanding the new location and helping them select areas best suited to their needs.

There are several benefits of pre-decision services for both the client and the candidate:

Benefits of Pre-Decision Services for the Client

  • Increase job acceptance ratios
  • Budget accuracy
  • Eliminate the risk of non-acceptance
  • Streamline orientation to the new location
  • Minimal policy exceptions
  • Identify candidate concerns and issues
  • Cost savings

Benefits of Pre-Decision Services for the Candidate

  • Personal support and attention from industry professionals
  • Thorough orientation tours for families
  • Expert counsel and assistance regarding all aspects and impacts of relocation
  • Support services for spouses and partners

Systems and Processes

Our relocation experts have created systems and processes to help clients manage their Global and North America relocation programs quickly and efficiently. We provide high-touch customer service, policy expertise, benchmarking, and flexible reporting options. Clients succeed most with a customized, right-fit relocation program designed to meet their unique requirements. Employees and their families expect a broad range of services to help them during their relocation process. Our pre-decision services help clients and employees throughout the relocation process and help ensure successful relocations.

Get Pre-Decision Services from GMs

The benefits of pre-decision services to clients and candidates serve to ensure successful relocations. The corporate relocation experts at GMS have the knowledge and expertise to help your company assess candidates for assignments and provide your employees with the best relocation experience. Contact our team of experts to discuss how we can implement pre-decision services in your company’s relocation process.

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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Reducing Moving Costs Through Government Relocation Incentives

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Aerial panorama of Downtown Tucson, Arizona at sunset.

Check Out These U.S. Cities with Relocation Benefits Programs

Moving to a new place for a new job can be an excellent move for your career and your personal life. Starting somewhere fresh can give new beginnings and new opportunities. But what if the new company does not offer a competitive relocation package? Relocating for a position can be expensive, especially for an employee paying out of pocket; however, if the employee faces a once-in-lifetime job opportunity that cannot be turned down, making the decision even harder. 

A lot goes into the relocation process, from the home sale and purchase costs, movers to travel funds, and even food and temporary housing costs come into play. Even if the new job does not offer the employee relocation benefits, it might not be the end of the opportunity just yet. 

Many U.S. cities and states offer relocation incentive programs to take advantage of. Corporate relocation state subsidy programs are designed to help cover the cost for people moving for a job opportunity. Depending on the program, these incentives may apply to the entire state, region, or city. Here are some cities with the best relocation programs, with many of the programs focused on enticing remote workers in today’s new normal.

Cities & States with Relocation Benefits Programs

When looking for a new job, consider these relocation incentive programs offered by each city or state. Depending on what the relocation assistance covers, it could significantly reduce the cost of moving while also helping to break a tie between two employer offers.

Tulsa, OK

This remote working program is an innovative one. Tulsa offers workers up to $10,000 cash to help with relocation costs and a free workplace within an office space for any remote worker who moves to and works from the city. All employees have to do to qualify for the program is be at least 18 years old, work remotely in a full-time job, be eligible to work within the U.S., and be able to move to Tulsa within 12 months of accepting the relocation incentive.

Northwest Arkansas

To attract professional talent, the Northwest Arkansas Council offers incentives of up to a $10,000 lump sum for those looking to relocate. Recipients will also be given a free street or mountain bike to use on the new 162 miles of paved trails, the 37-acre Razorback Regional Greenway, and the region’s 322 miles of mountain biking trails. If a bike doesn’t suit the fancy of the moving worker, participants can also choose an annual membership to arts and cultural institutions.

Newton, Iowa

In 2014, Newton, Iowa, initiated The Newton Housing Initiative to boost home buying and construction. Investing in Newton’s infrastructure with a $190,000+ home yields a $10,000 cash incentive plus a “Get to Know Newton” package worth ~$2,500, with discounts at local stores and eateries.

To be eligible for this program, you must buy or build a new home worth $190,000. The reward is given at the final loan signing, and a certified appraiser must appraise the home’s value. The Newton home’s construction has to be completed before you receive the incentive, confirmed with proof of occupancy by the City of Newton. Rental properties do not qualify for this relocation program.

Savannah, GA

The Savannah Technology Workforce Incentive is willing to reimburse relocating employees up to $2,000 of relocation expenses. To qualify, applicants must be willing to work with a technology company in the region, be self-employed, or be remote workers looking to relocate to Savannah. Additionally, the employee must relocate within 12 months, have a minimum one-year lease or purchase property, and have resided in the county for 30 days before being able to apply

Tucson, AZ

Thinking of living in the desert? StartupTucson offers incentives totaling up to $7,500 in cash and moving services. Relocation funds, internet setup, and housing support are just some of this program’s benefits

The Shoals, AL

Another program geared toward remote workers, this relocation benefits package, is willing to pay moving employees $10,000 cash, which can go a long way in the low cost of the living area of The Shoals. To be eligible for the money, workers must have a minimum annual income of $52,000, be able to move within six months, be full-time employees, and be at least 18 years old. $2,500 of the incentive is given upfront for moving costs. The rest is given in two payments, the first after six months and the last after a year.

GMS Can Help Relocating Employees Utilize Relocation Incentive Programs

Are you a company that has been exploring innovative new ways to utilize a remote workforce? GMS can help you craft creative relocation policies while maximizing the relocation incentives programs offered by various state and local governments across the U.S. Contact us today to discuss how your company can obtain and retain the best talent from anywhere in the country and how to do so affordably.

Or if you’re an employee looking to take advantage of relocating on remote work policies, then feel free to contact as well. GMS is happy to announce our new Employee Choice Program, where we help remote workers get network pricing on moving services as they relocate to an unknown destination.

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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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Cost-Effective Strategies for Managing Employee Relocations

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Young Asian couple or family feeling happy relaxing and play with their cat after moving to new house or apartment.

use these tips to keep relocation costs within budget

It’s no secret that relocating an employee is a costly endeavor. Creating global teams for your business can be highly beneficial. However, you might lose money on the project if you fail to play your cards right. It’s easy to feel overwhelmed with all the expenses you encounter during this process. There is so much to account for when managing employee relocations. Just a few of these things would be: 

  • Moving company expenses
  • Benefits packages
  • Acquiring accommodation
  • International transport (when applicable)
  • HR department bonuses

And the list goes on. However, it’s not all bad news. If you work strategically, you can save on relocation costs while keeping your employees happy when getting them from point A to point B.

Create tiered packages for employee relocations

The first strategy you can use to stay on budget when relocating an employee is creating tiered relocation packages. This means that the benefits package for an entry-level employee who has been with the company for three months should differ from that of an executive. This is a widespread and very effective strategy. Many employers have three or even four relocation benefit packages. You can create additional layers to those categories based on employee productivity.

Secure housing before the move

There are a lot of hidden expenses that come with moving on a whim, from renting out storage for your employee’s items to an indefinite time spent in short-term accommodation. And since using a storage unit isn’t tax deductible for businesses anymore, it’s even more expensive. Securing housing for your employee before moving is an excellent way of managing employee relocations while saving money.

Additionally, one of the most common reasons employees won’t relocate for work is that the move seems too hassle. So, securing everything in advance will not just help you save money; it’ll also help with employee satisfaction.

Introduce expense caps

Introducing expense caps is a great way to ensure your relocation program stays on budget. Expense caps are a great way to ensure no employee abuses their allowance. It’ll prevent surprise expenses from becoming the norm within your relocation program. 

When introducing expense caps, there are two essential factors to keep in mind: 

  1. Permissible exceptions – You should have some leeway in your budget if something goes wrong during your employee’s relocation. If they need to make an unplanned expense that is deemed necessary, you should be able to provide that;
  2. Expense caps should be personalized – It’s important to remember that living expenses differ in different areas. Ensure that your expense caps are calculated with the average cost of living in the area in mind.

Managing employee relocations is not ‘one-size-fits-all’

While offering every employee the same budget, guidelines, and services when managing their relocations may seem much more straightforward at first glance, you’ll quickly realize that it’s not. For example, a young single employee will require very different services than an older married employee with two kids. 

It’s essential to account for the individual needs of every employee you are relocating. Don’t worry if some mistakes come up the first few times. After a while, you’ll learn which services and guidelines are necessary for which group of employees. Ensuring that benefits packages and relocation services are tailored to the needs of your employees will help you save in two main ways: 

  1. You’ll be able to cut out any expenses that aren’t necessary for that worker; 
  2. You won’t be cutting out vital things to your employee. This will help keep morale (and productivity) up.

Other Relocation Costs to Keep in Mind

Conversely, a great option is to secure a fully furnished new home for them. That way, they only need to bring essentials and valuable personal possessions. Some other ways to cut costs on a long-distance move would be: 

  1. Choosing the suitable date – Moving during the off-season (winter and fall) can usually get you lower prices; 
  2. Shopping around – Getting estimates from a few moving companies is a great way to ensure you’re getting the most bang for your buck; 
  3. Compound expenses – If you plan on hiring professional packers in addition to movers, try finding a company that offers both. That way, you can get a deal on both services instead of paying the total price for each.

Ready for the best deal on relocation services?

Global Mobility Solutions (GMS) is your best bet to get a proper quote when it comes to relocation services. First off, all of our service providers are strictly vetted. And second off, we use a multi-bid approach when it comes to hiring vendors for each move. 

Most relocation services companies (RMC) will have a trusted partner vendor they use most of the time. Which is why their prices stay set at what they are. But GMS will get multiple bids from different vendors so that our savings on relocation costs get passed on to you. 

If you’re ready to hear more about how GMS can help save your company money on relocation costs, contact us today to schedule a free consultation.

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Domestic Relocation Tips Domestic Relocation Trends Global Relocation Challenges Global Relocation Tips Global Relocation Trends Relocation Technology

Relocation Technology: Trends Changing the Global Mobility Industry

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Shot of a young businesswoman using a laptop while working in her home office

Here’s a look at how technology is changing the employee relocation process

Modern technology has changed every industry. For the most part, each sector can use technology to its advantage and provide a more seamless customer experience. The relocation industry is no different. Relocation management companies (RMC) each have relocation technology that they try to utilize. 

There are different apps, programs, and systems that RMCs can deploy to their customers. But when taking a bid from an RMC to provide your company with global mobility programs, it is essential to ask about their technology specifically. Ask the RMC to provide you with a list of advantages on how their tech tools can help get your employees from point A to point B. 

Here is a breakdown of some of the increasing relocation technology trends in the global mobility industry:

VR House Hunting Trips

When working with an RMC to set up relocation packages, often house-hunting trips will be included. Usually, the employee is about to travel to their new destination twice to look at potential new homes and neighbors. But thanks to technology, relocating employees don’t have to cram all their house hunting into one or two trips. 

Virtual reality (VR) home showings have become increasingly popular since the Covid 19 Pandemic. Using ubiquitous 360-degree cameras can be a great way to showcase a property to a potential buyer anywhere, anytime. This tool gives the buyer a panoramic presentation of the house or apartment for sale. 

Many US real estate agencies have begun creating home listings with VR showcasing options. No one will buy a home without looking at it in person first. But at least VR setups can give a moving employee a worthwhile first look at a home they may want to purchase.

AR for Visualization Shopping

When moving to a new destination, setting up your new home or short-term housing option will be top of mind once you get there. That’s where augmented reality (AR) can be of assistance. AR technology combines virtual components to see what a surrounding area will look like if it’s changed. 

The most straightforward example to call out would be furniture shopping. Some apps use AR so that a customer can snap a picture of the area in the new home they hope to put the furniture in to see what it will look like. This is helpful when buying household goods for your new home. 

Another excellent example of how AR tech can be used is if home upgrades have to be made to your property in the new destination. If you want to reconstruct the backyard or remodel a bathroom, apps can give you a great layout of how the project will look once completed.

Cloud-Based Technology to Stay Organized

The most crucial piece of relocation technology that an RMC can provide is a portal where employees, employers, and relocation representatives can live-track the relocation process. Think of it as a portal where all the info on an employee’s move can be kept and accessed. This makes it easy for the employee to stay organized while the employer can track costs and spending. It also serves as a place where the relocation expert assisting the employee with their move can provide information and insight into oncoming steps for the move. 

This is something that every company should ask their RMC about. Using cloud-based technology so that it is up to the moment updated can keep everyone on the same page about any given employee’s relocation.

Doc-Signing Technology

An essential part of relocation is document signing. Numerous vital documents must be signed when someone is relocating—starting with their job offer letter to home buying and selling documents. Technology has made signing documents easy and more environmentally friendly. Gone are the days when you have to print, sign, and mail back stacks of paper. Plenty of apps allow companies and RMCs to review, edit, and sign documents within minutes. This not only saves on paper but saves on the chance of documents getting lost or stolen in the mailing process.

Cost of Living Calculators

When an employee accepts a position in a new destination, one of the first things that may cross their mind is the cost of living factors. Moving to a city that may cost more to live in, will affect the salary and relocation package negotiation. If working with an RMC, mention to them that having a legit cost of living calculator that can give precise numbers can be extremely helpful in the hiring process. 

If an employee can see side-by-side comparisons of the current cost of living vs. where the job is located, they can make a quicker decision. This allows everyone to move on faster, whether the employee accepts the relocation assignment or the company can proceed with other interviews.

GMS Is Always Up to Date on technology

Global Mobility Solutions (GMS) is the leader in the relocation industry regarding technology. Our award-winning customer service team assists employees to relocate seamlessly by utilizing MyRelocation®. 

MyRelocation® is a cloud-based system allowing transferees to track and monitor their relocation through a user-friendly dashboard. Employees can access benefits, communicate with their relocation coach, and stay informed of critical dates. Our tech, which won an award, is a valuable and robust asset for staff, with a user-friendly interface, easy menu layout, and functions.

Please contact us today for a free walk-through of MyRelocation® or a free courtesy call to benchmark your current relocation packages. One of our relocation experts will be more than happy to hear any of your relocation needs and then best assess how we can help you.

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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Money Management Tips for Relocating to a New City

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Woman and dog flooring in new home

Here are some financial points to keep in mind after accepting a relocation assignment

With any job offer, one of the most important factors, if not the most important, is the salary. The number one reason employees seek a new position is to increase their pay. But what if you have to accept a relocation assignment in order to make that leap in the pay range? It is common for employees to consider moving to get a higher salary, better promotion, or a more enjoyable work environment. 

Whatever the reason, relocating for a job from a new company (or promotion from your current company), there is no doubt that finances will be top of mind. The first thing that must be kept in mind is that moving can be expensive if the company does not offer corporate relocation assistance. When interviewing for a position in a different state or country, be sure to get crystal clear explanations of what type of global mobility benefits are provided. 

But even after making the move official, there will still be money management skills that should be practiced. Here are a few financial tips when considering the relocation costs for a domestic move or an international assignment.

Do Thorough Research on the Cost of Living

The adjusted cost of living is the most obvious factor in accepting or rejecting a job in a new location. Before taking a giant leap, you’ll want to research some ordinary living expenses in the new city, such as rent/home prices, cars, gas, utilities, childcare, and other everyday expenses. If you are working with a relocation management company (RMC) to assist you in your move, it will be worth asking if they can provide a cost-of-living calculator.

Plugging some numbers into a relocation technology tool can help you understand how much money you’ll have to make and spend in your new destination. Once you have a clear picture, you can begin navigating your finances into a monthly budget that assures you’ll be stable in your new home.

Finding a Budgeting Style

In preparation for relocating, it is recommended to have a budgeting technique and do your best to stick to it. Setting a budget within your new cost of living allows you to see the scope of your finances to their extent. 

Popular Budgeting styles and techniques:

  1. Envelope method. Categorize envelopes for different expenses (e.g., rent/mortgage, groceries, gas, travel). Allocate money from paychecks to each. This method aids in monitoring spending and encourages mindful spending behavior.
  2. 50/30/20. Divide your paycheck into three parts: necessary costs (50%), leisure and pleasure (30%), and savings/debt repayment (20%). Adjust the percentages as needed; if you have more debts, increase the amount allocated to that category. This system is customizable and can be tailored to your individual needs.
  3. Zero-based Budgeting. Budgeting using zero-based systems divides your income into more minor, less expensive expenses. Record your income, then list the categories you need to spend each month. Estimate how much you will need to pay for each type until your total is zero. This way, you can be sure that every dollar will go somewhere, like your savings, rent, or groceries.
  4. The Pay-Your-Self-first Budget. A great way to put money aside to pay down debt and build your savings. Once you’ve paid off your debts, you can use the rest for anything.

GMS Can Provide Cost of Living Analysis

As stated above, it is always a good idea to get a scope on the cost of living for the desired state or city you are looking to move to. Global Mobility Solutions (GMS) is proud to call itself the leader in the relocation industry regarding technology. We are the pioneers of relocation technology. 

Our cost of living calculators can get you to point in the right direction from the start. From there, you can decide whether the relocation process suits you for this particular job. Our calculators are constantly updated and tested to ensure realistic answers. Please contact us today if you want more information on receiving a cost of living analysis for a new city. And always be sure to check our Knowledge base, where we post blogs about countless relocation topics.

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Our cloud-based MyRelocation® relocation technology is designed to help you streamline your company’s relocation management. Schedule a demo with a Mobility Pro for a no-pressure look at how our technology can help you.

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Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends

HR’s Role in Managing Employee Relocation

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A photo of playful parents holding sons's hands in new house. Happy and playful family are with cardboard boxes. They are in casuals.

Here is an overview of everything you need to know about getting an employee from point A to point B

Any company’s human resource department has countless staff relationship tasks, from approving vacation days to helping employees during their relocation process. The HR team is the company’s glue, holding together all the company’s processes and the backend paperwork regarding every employee. 

In most cases, the HR team is responsible for working with relocation services providers to work with the company to assist moving employees who accept a relocation assignment. HR teams will usually be in charge of getting quotes from relocation management companies (RMC), then working with the chosen RMC to set up the global mobility benefits that employees can utilize. If not taken care of properly, a lousy relocation process can hinder the hiring or retaining of skilled employees. A competitive and comprehensive relocation package is necessary to encourage employees to accept domestic and international relocation assignments.

HR’s role in employee relocations is significant; they must ensure a smooth transition by providing support. Global relocations are critical to every company’s success and should be taken seriously.

Setting Goals for Relocation Services

The HR team needs to come up with more innovative ideas when it comes to global mobility and employee relocation. In multinational companies, specific programs and procedures are in place to ensure employee hassle-free relocation. 

Any relocation plan that addresses and minimizes stress on employees and HR professionals must be appealing to transferring employees at any level on the organization chart. The employee must be able to relocate and be familiar with the process, often resolving questions regarding relocation and relocation issues.

Key Elements of Relocation Policies

There is no doubt that relocating employees can be a hectic process for all involved. But none more so than the employee and their family. That is why the HR team must cover as many benefits as possible so that the employee has the best chance of a smooth transition. It is a big ask for an employee to move states, or even countries, to work for a new company, which is why they should be taken care of. Here are some standard relocation services that should be covered in even the most standard packages:

  • Fair compensation adjustments are made if the living cost of the new location is higher than the transferee’s base.
  • Working with expert relocation coaches to assist relocating employees to guarantee low-stress, effective location change.
  • Paid trips to look for a house, multiple if possible, allow the employee and spouse to see homes that would work and get to know new neighborhoods that would be acceptable.
  • Moving and travel expenses are reimbursed to ensure that the shipping of the employee’s household goods is appropriately performed and minimizes the family’s costs to relocate to the new location.
  • Short-term housing options so the employee and their family can adjust to their new destination for a short period before buying a new home.

It’s HR’s Job to Introduce and Education New Employees about Relocation

As stated before, the HR manager and their team have countless tasks and processes to keep employees up to date on. But walking through the relocation policies with a new-hired employee is a vital task that should be considered. There should be a set company process setup for onboarding a relocating employee.

It is crucial to go over how, when, and where the relocation process occurs. Also, be honest and upfront with the employee on what they can expect during the move. Lastly, if working with an RMC that provides relocation coaches or one-on-one contact with a global mobility specialist, a company HR representative should introduce the employee to that assigned coach. On top of that, the company’s HR team should also act as a backup, best they can, if the relocation coach is unavailable for more than a few business days.

Need Help Updating or Creating Relocation Services?

Global Mobility Solutions (GMS) knows first-hand how busy HR teams can be. We want to help you and your team update or create your company’s relocation policies. Since 1987, GMS has been hiring the top relocation experts in the industry to ensure we can provide award-winning relocation services to our clients. 

Let us help you remove all the stress and concerns of relocating employees. We will listen to all of your needs and, from there, help you construct comprehensive relocation packages that employees will have a hard time turning down. But it is not only our goal to assist your employees’ move, but to keep relocation policies cost-efficient for your company. 

Our initiative technology helps employees, HR reps, and relocation coaches track the relocation process from start to finish. We have a cloud-based system that helps track everything from payments and recipients to household goods shipping. 

If your HR team is ready to discuss how to set up an excellent relocation process for both employees and the company, then set up a free consultation with one of our relocation experts, who will get you on the right track.

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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Contact Us

About Us

GMS Client Login

Privacy Policy

Other Services

Our Technology

Global Relocation

Group Moves

U.S. & Canadian Relocation

Address

Global Mobility Solutions
15333 N. Pima Road
Scottsdale AZ, 85260

1.800.617.1904
Available 24/7/365

About

Contact Us

About Us

GMS Client Login

Privacy Policy

Address

Global Mobility Solutions
15333 N. Pima Road
Scottsdale AZ, 85260

1.800.617.1904
Available 24/7/365

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