Category: Domestic Relocation

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Corporate Relocation Corporate relocation tips Domestic Relocation Domestic Relocation Challenges Home Purchase

How to Overcome Housing Challenges During Relocation Process

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Learn how to navigate through real estate challenges while relocating for a job

Inventory shortages are still a significant issue in real estate markets nationwide. Buyers often find themselves in bidding wars, pushing prices above the listing price. Many are forgoing property inspections, risking purchasing a home with potential problems that may only surface later. 

This could lead to costly repairs, decreased property value, or issues during resale. Some states have non-refundable due diligence fees, while others require option money. Failing to meet contract requirements in these states can result in financial loss for the buyer. Sellers may prefer offers with fewer contingencies in states with refundable earnest money. Overall, navigating the real estate market in these conditions can be challenging for buyers and sellers alike.

This trend of homeowners staying longer has also been influenced by the uncertainty in the housing market due to the ongoing market changes. With the rise in remote work opportunities, many homeowners opt to stay put and improve their homes rather than go through the hassle of selling and buying a new property. This has further exacerbated the already limited supply of homes on the market.

As a result, potential buyers are facing stiff competition and bidding wars, especially in desirable neighborhoods. The combination of low inventory and high demand has increased home prices, making it even more challenging for first-time buyers to enter the market. Additionally, the increase in interest rates has made it more expensive to borrow money for a mortgage, further squeezing buyers’ purchasing power.

Overall, the current housing market is characterized by high prices, low inventory, and increased competition, making it a challenging environment for buyers and sellers. It remains to be seen how these trends will evolve in the coming months as the economy continues to change.

Why It’s Important to Work with an Agent Who Specializes in Relocation

Relocation management companies (RMC) recommend that relocating employees choose an agent from their approved real estate network. This ensures that the agent is knowledgeable about relocation policies and understands the intricacies of the moving process. By doing so, the relocating individual can make the most of the benefits offered through the home-sale program. Those who follow their company’s designated home sale program typically sell their homes faster, experience less stress during the move, and are prepared to start their new job upon arrival. 

By utilizing your home sale program provided by an RMC, the primary contact at your relocation company can manage the complete moving process for you – from the evaluation of your relocation needs to the transportation of your belongings and, ultimately, the completion of the sale of your home. Furthermore, relocation real estate firms will provide you with a list of potential agents to consider before making a decision, empowering you to make the final choice.

Real estate agents who lack experience in the relocation process may need to be more proactive, skilled in maximizing savings and profits, or knowledgeable about effectively utilizing relocation benefits. Their lack of understanding of corporate relocation procedures could delay selling your home.

Work with GMS to Overcome Relocation Challenges

Our Global Mobility Solutions (GMS) team has years of experience handling corporate relocations and understands the intricacies of selling a home during this process. We have a network of trusted real estate agents who are experts in relocation transactions and can help you navigate the entire process seamlessly.

By working with GMS, you can rest assured that your home sale will be handled efficiently and effectively, maximizing your savings and profits. Our team will work closely with you to ensure you fully understand all the relocation benefits and how to maximize them.

Do not let inexperience or a lack of knowledge about relocation procedures prevent you from selling your home. Contact us today to speak with one of our relocation specialists, who can provide you with the guidance and support you need to sell your house successfully during a corporate relocation. We are here to help you every step of the way.

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Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Household Goods Relocation Best Practices Relocation Policy Review Relocation Programs

Lump Sum Relocation Packages: What are the Advantages? What are the Disadvantages?

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What are lump sum relocation packages?

Global Mobility Solutions recently surveyed its clients to determine the impact of lump sum relocation packages on their organizations. Industry trends arising this year are having a direct effect on transferees. Often, these trends become visible through business intelligence and data analytics.

Lump sum relocation packages are a specific amount of money that employers offer to transferees or new hires. This money replaces relocation benefits such as household goods moves, culture and language training, or home-finding assistance. Employers expect employees to receive a lump sum payment to manage their relocation process.

Advantages of Lump Sum Relocation Packages

The advantages of lump sum relocation packages relate to helping employers simplify the process. The main benefit is that employers and their mobility managers have fewer complications around relocation support. Providing support during an employee’s relocation is reduced to answering questions about when the lump sum funds will be available. Additionally, lump sum packages allow employees greater flexibility in how they choose to spend the money. Instead of being tied to specific services, employees can allocate funds according to their unique needs and preferences. For instance, some may prioritize hiring professional movers, while others might opt for temporary housing or travel expenses. This autonomy can lead to a more personalized and satisfying relocation experience.

Lump sum packages also encourage employees to take responsibility for their relocation. With a set amount of money, employees must plan and budget their expenses wisely. This can foster a sense of ownership over the relocation process as they make decisions that best suit their circumstances. It can also lead to more thoughtful planning as employees weigh the pros and cons of different options.

Budgeting and Forecasting

Another simplification for employers revolves around budgeting and forecasting. Instead of working to understand the actual costs of hiring new employees or transferring employees from one location to another, the budget process is tied to a number that is applied across the board based on tiers in the relocation program. An executive homeowner with a family relocating from Duluth, MN, to New York, NY, is given the same lump sum payment as another executive renter relocating from Las Vegas, NV, to Fort Wayne, IN. The renter will pocket a significant amount of money. However, the homeowner will not have enough funds to move their family.

Disadvantages of Lump Sum Relocation Packages

Lump-sum relocation packages make administration and budgeting more accessible for employers. However, there are several disadvantages employers are beginning to see in their organizations. First among these disadvantages is that many lump sum payments do not adequately cover all of an employee’s relocation costs. GMS’ 2019 Lump Sum Survey shows that employees spend more, sometimes significantly more, on their relocation than their lump sum payment. This includes:

  • 61 % of homeowners reported spending more
  • 50% of renters reported spending more

Employee Dissatisfaction

Ultimately, more than half of relocating employees need more lump sum cash to cover expenses. Naturally, this results in a higher level of dissatisfaction with the organization’s lump-sum relocation packages. Overall, dissatisfaction with lump sum payments follows these patterns:

  • 58% of homeowners reporting dissatisfaction
  • 53% of renters reporting dissatisfaction

Loss of Control

A significant disadvantage is the employer’s loss of control over spending budget dollars. Lump sum relocation packages disbursed directly to employees may result in company funds being spent on non-relocation expenses, including cars, televisions, vacations, or other items. Funds spent on non-relocation costs do not support the successful relocation of the employee. As a result, the relocation may be at a higher risk of failure. 

Additionally, this lack of oversight can lead to inconsistencies in how employees utilize their relocation funds. Some may prioritize essential moving expenses, such as hiring professional movers or securing temporary housing, while others might allocate their budgets toward personal indulgences. This disparity can create a sense of inequity among employees, as those who spend wisely may still face challenges in their relocation process. In contrast, others may find themselves financially comfortable but unprepared for the logistical aspects of moving.


Moreover, the unpredictability of lump-sum payments can complicate the relocation experience. Employees may underestimate the true costs associated with moving, leading to financial strain when unexpected expenses arise. For instance, last-minute repairs on a home, increased transportation costs, or the need for additional storage can quickly deplete the funds, leaving employees feeling stressed and unsupported.

To address these issues, organizations might consider offering more structured relocation packages that balance flexibility and support. For example, a tiered approach could allow employees to access funds based on specific needs, prioritizing essential relocation expenses while giving them autonomy over their choices. This way, companies can maintain better control over their budgets while enhancing employee satisfaction and reducing the risk of relocation failure.
Ultimately, a thoughtful approach to relocation packages can foster a more positive employee experience, leading to smoother transitions and greater overall satisfaction with the organization’s support. By recognizing the complexities of relocation and adapting their strategies accordingly, employers can create a win-win situation that benefits both the company and its employees.

Inefficiencies

Many GMS clients achieve significant spending reductions with relocation programs that follow industry best practices. A major GMS client recently conducted an in-depth study of their relocation program expenses. This client learned that if their organization moved to a lump sum program, they might increase their relocation program expenses by 40%. In other words, by following industry best practices, this client keeps relocation budget dollars that otherwise would have been spent on inefficient lump-sum relocation packages. Any GMS client can achieve the same reduction in relocation costs through:

  1. Benchmarking their relocation policy to industry best practices
  2. Efficient relocation program operation
  3. Providing support to transferees that they need
  4. Using business intelligence and data analytics to understand the actual costs of their relocation program
  5. Utilizing a competitive vendor network of relocation service providers

What Does This Mean?

Companies that offer lump sum relocation packages could save a significant amount of budget by following industry best practices. Lump sum payments let employers simplify their internal support, budgeting, and forecasting processes. However, this simplification may cost employers up to 40% or more of their relocation budget. It also results in over half of transferees reporting dissatisfaction with their relocation packages.

What Should Employers Do About Lump Sum Relocation Packages?

Employers with transferees or new hires who are recent college graduates, individual contributors, or new to their professional careers may be the best candidates for lump sum relocation packages. These employees are often renters and may not have a significant amount of household goods to move to a new location. Also, they tend not to require a significant investment in talent acquisition, as they compete for lower-tier positions.

Industry best practice is to provide a range of benefits for employers who have new hires and transferees at higher tiers. Employees at higher tiers often require a significant investment in talent acquisition. Benefits that help ensure successful relocations also result in higher employee satisfaction.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to create relocation policies that attract and retain talent. Our team can help your company provide the best experience for transferees and new hires with lump-sum relocation packages.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators and revolutionized the relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss how your company can leverage lump sum relocation packages for new hires and transferees, or call us at 800.617.1904 or 480.922.0700 today.

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Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Global Mobility Global Relocation

Complete Guide to Relocating with Children

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Moving for work can be a stressful time; here’s a guide to help with your kids

Relocating for work can take time, whether within the same area or in a different city. And it can become even more intricate when you have young kids to consider. Your children compete for your focus during the entire procedure and may experience unease about the upcoming changes. However, it can be an easier transition if your employer provides relocation services for you and your family. 

Understanding how a relocation will impact your kids can assist you in getting ready for the changes and difficulties that lie ahead. We aim to provide you with helpful advice to make the transition easier. First and foremost, check with your relocation management company (RMC) to see what kind of family support services they provide for relocating employees. 

Moving can be just as stressful for children as it is for adults. According to a study published in the Journal of Personality and Social Psychology, the emotional impact of moving can have long-lasting effects on children’s mental well-being, which can persist into adulthood. This includes difficulties in forming social connections and a strong sense of identity. The consequences of moving can be particularly challenging for introverted or anxious children and those with rigid personalities, who may find it harder to make friends and develop a strong sense of self-worth.

How to Handle Relocating with Kids of All Ages

Many RMCs offer various family support services to help ease your children’s transition. These services include finding suitable schools or educational programs in the new location. It’s essential to ensure that your children’s education is not disrupted during the move, as this can further contribute to their stress and anxiety.

Additionally, some RMCs provide resources for finding extracurricular activities and clubs that align with your children’s interests. These activities can help them meet new friends and develop a sense of belonging in their new community. Whether joining a sports team, participating in art classes, or joining a scouting group, these activities can provide a much-needed sense of stability and routine during the relocation process.

Furthermore, RMCs may offer counseling services for children struggling with the emotional challenges of moving. Professional counselors can help children navigate their sadness, anxiety, or loneliness, providing them with the necessary tools to cope with the changes. These services can be invaluable in supporting your children’s mental well-being and helping them adjust to their new environment.

In addition to the services provided by the RMC, there are steps you can take as a parent to support your children during the relocation. Open and honest communication is vital. Sit down with your children and discuss the upcoming move, addressing their concerns or fears. Encourage them to express and validate their emotions, letting them know that it’s normal to feel a range of emotions during this time.

It’s also essential to involve your children in decision-making when possible. Allow them to have a say in the move, such as choosing their new room decor or exploring potential neighborhoods. This can help them feel a sense of control and ownership over the changes in their lives.

Lastly, try to explore the new community together as a family. Take walks around the neighborhood, visit local parks, and discover nearby attractions. Familiarizing yourselves with the new surroundings can help your children feel more comfortable and excited about their new home.

By utilizing the family support relocation services provided by your RMC and implementing these strategies, you can help alleviate some of the stress and challenges that come with relocating for your children. Remember, their emotional well-being is just as important as the logistics of the move, and by prioritizing their needs, you can ensure a smoother transition for the entire family.

GMS Makes It About the Whole FamilY

As a family moves more often, maintaining stability becomes increasingly crucial. It is vital to be well-prepared and actively engaged when relocating children, regardless of age. Children must be aware of the plan for the move, feel involved in the process, and have a positive anticipation towards the relocation.

When parents provide adequate assistance, relocating can benefit children, enhancing their self-assurance and nurturing their ability to interact with others.

Global Mobility Solutions (GMS) offers comprehensive assistance and tools for transferees and their families to guarantee smooth relocations. The team of experts at GMS specializes in corporate relocation. It can assist your company in evaluating potential candidates for assignments and providing top-notch relocation services for your employees and their loved ones.

Contact our team of professionals to explore how we can enhance your relocation support services. By providing inclusive relocation bundles, we guarantee that your company remains competitive in employment opportunities. Subsequently, we will help your employees achieve a smooth and effortless relocation experience.

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

How Spousal Support and Family Services Affect Relocation Decision-Making

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The success of a relocation heavily depends on the happiness of the relocating employee and their family

The “spousal assistance” benefits have evolved from a small aid to a powerful support system. Companies now understand the importance of the well-being of both employees and their families in a successful relocation. This once-overlooked perk has become a valuable tool for personal and professional development. 

Employee and family assistance has become a must-have component in corporate relocation services by providing support that boosts confidence, helps overcome challenges, and reduces stress about the move. It is no longer an afterthought but a crucial component that can make a significant difference in the success of a move.

In the past, companies have seen corporate moves as simply moving an employee from one place to another as efficiently and inexpensively as possible. The concept of providing job search help for spouses, now known as “spouse assistance,” became popular in the 1980s. However, this support was usually only given to those spouses or partners who specifically requested it or even insisted on it.

In recent years, significant discussion has concerned the employee experience in the industry. However, policies have mostly stayed the same, and financial resources must be expanded.

In the current competitive job market, with a renewed emphasis on health and environmental responsibility following the pandemic, employers are reconsidering the concept of employee relocation. Instead of viewing it as a work-related change, companies recognize that moving affects every aspect of an individual’s personal and professional life. It is essential to acknowledge that employees are people first and foremost, and their well-being should be prioritized. This shift in perspective leads to a reassessment of how the relocation sector can better assist employees and their families during the moving process.

“spouse assistance” has transformed into “employee and family assistance,” enabling companies to support the overall well-being of the entire household proactively. This approach ultimately helps employees thrive in their new roles.

This shift in perspective recognizes the importance of considering the holistic needs of employees and their families when it comes to relocation. By supporting the employee and their spouse and children, companies can create a smoother transition and help ensure the employee’s overall well-being and productivity in their new location.

Employee and family assistance programs may include services such as helping spouses find employment in the new location, providing resources for children to adjust to a new school, offering counseling services for the entire family to cope with the stress of moving, and even assistance with finding housing and settling into the new community.

By taking a more comprehensive approach to relocation support, companies can demonstrate their commitment to the well-being of their employees and their families. This helps with employee retention and satisfaction and contributes to a positive company culture that values its workforce’s personal lives and happiness. Ultimately, investing in the well-being of employees and their families during a relocation can lead to tremendous success and productivity in the long run.

What GMS Does to Help Provide Spousal and Family Support Services

Offering a comprehensive array of career assistance and additional tools for transferees and their families is crucial for ensuring smooth relocations. The seasoned professionals at Global Mobility Solutions (GMS) possess the skills and know-how needed to aid your company in evaluating potential candidates for assignments and offering top-notch relocation services for employees and their loved ones.

Our team at GMS understands the importance of supporting the transferee and their family during the relocation process. We offer various services such as spouse career support, school search assistance, and settling-in services to ensure the entire family feels supported and comfortable in their new location. By providing comprehensive support to the employee and their family, we can help reduce stress and increase the likelihood of a successful relocation. Contact us today to learn more about how GMS can help provide your employees spousal and family support services.

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Corporate Relocation Domestic Relocation Domestic Relocation Trends

Where is Gen X Relocating to? A Look at the Numbers

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Top 7 list of cities that Gen X-aged people are moving to

With Gen Xers getting ready to send their children off to college and approaching retirement, this particular age group has had the opportunity to witness the growth of their investments through compound interest as they advance in their careers. Consequently, even though they tend to be less mobile, individual Gen Xers can still significantly impact local economies, surpassing the influence of their younger counterparts.

Considering this, recent data from the U.S. Census Bureau has been used to analyze and rank the top cities for Gen Xers (aged 45 to 54) considering relocating. The data focuses on 268 of the largest cities in the United States, aiming to identify the most favorable destinations for this age group.

Here are the top 7 cities Gen X are moving to:

1) Surprise, Arizona

In 2022, Surprise experienced a notable increase of 4,414 individuals from the Gen X generation. The overall population of this age group now stands at 18,239, accounting for 11.93% of Surprise’s total population of 152,910 residents.

2) Bend, Oregon

Bend has become a sought-after spot for Generation X, drawing in 2,858 fresh faces. This surge has pushed the overall number of residents in this age bracket to 14,965, comprising 14.60% of Bend’s total population of 102,467.

3) Scottsdale, Arizona

In 2022, the number of Generation X individuals in Scottsdale rose by 6,215, bringing the total population of this age group to 32,881. Gen X now constitutes 13.68% of Scottsdale’s population of 240,432 residents.

4) Orlando, Florida

Orlando attracted 7,923 Gen X-aged citizens. Consequently, the population of this age group increased to 40,219, constituting 12.82% of the city’s total residents, which amounts to 313,625 people

5) St. George, Utah

A total of 2,499 individuals from Generation X were drawn to St. George. This demographic constitutes approximately 10.19% of the city’s population, 10,282 out of 100,904.

6) Jackson, Mississippi

The number of Gen Xers in Jackson increased by 3,551, bringing the total number of residents in this age category to 16,829. This accounts for approximately 11.67% of the overall population of Jackson, which is 144,244.

7) Hartford, Connecticut

Hartford attracted 2,527 new residents from the Gen X generation. This influx of people increased the Gen X population in the city to 14,442, accounting for approximately 12.11% of the total residents, which amounts to 119,290 individuals

GMS Is Always in the Know about Relocation

Global Mobility Solutions (GMS) always stays current on real estate and relocation trends.GMS understands the importance of staying up-to-date with the latest trends. By keeping a finger on the pulse of the industry, GMS can provide its clients with the most accurate and reliable information to assist them in making informed decisions. Recent data on Gen X population growth are just one example of the valuable insights that GMS can offer. 

With this knowledge, GMS can assist its clients in understanding the potential opportunities and challenges of relocating to these cities. Whether finding suitable housing options, navigating the local real estate market, or understanding the unique needs and preferences of Gen Xers, GMS is equipped to provide comprehensive support and guidance.

GMS ensures its clients receive the highest service and expertise by staying informed about relocation trends and real estate developments. With GMS by their side, individuals and businesses can confidently navigate the complexities of relocation and make informed decisions that align with their goals and aspirations.

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

Keeping the Human Touch in the Relocation Process

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GMS Keeps Human Contact During the Entire Relocation Process

Accepting a new job in a new state or country can be exciting. But everyone knows that before getting to the new destination and settling into your new home and work scene, there is much work to do to make the move happen. Global Mobility Solutions (GMS) understands that a lot has to happen for you and your family to relocate seamlessly. For over 30 years, our expert team has been assisting in getting new employees from point A to point B. 

Our relocation services model can be molded to fit any employee’s needs. From start to finish, GMS assists you with whatever you need help with for a successful move. GMS is a relocation management company that holds a prominent position nationwide and is renowned for its exceptional client service. GMS Coaches must possess many crucial personal qualities and interpersonal abilities to deliver such high-quality service. We also significantly emphasize keeping a human touch in the relocation process. The team at GMS understands, better than anyone, that moving can be tricky, and when you need help, the last thing you want is to pick up the phone only to get stuck pressing buttons while listening to machines.  

In a day and age when so many companies are utilizing AI technology and automation systems to answer calls and emails, GMS believes that what sets us apart is that you can speak with a human for any stage of your move when you work with us. While we do use relocation technology to our advantage, we do not make that the only form of communication from our global mobility coaches to transferees. 

You won’t have to navigate through a maze of automated options when you reach out to us. Instead, you’ll be greeted by a friendly voice on the other end. Our team of global mobility coaches is here to listen to your concerns, answer your questions, and provide personalized guidance tailored to your specific needs.

Effective communication is the key to a successful move. That’s why we go beyond relying solely on technology. While we utilize advanced relocation tools to streamline certain aspects of the process, we understand that nothing can replace the empathy and understanding that comes from speaking with a natural person. 

Our goal is to make your move as smooth and stress-free as possible, and we know that starts with clear and compassionate communication.

So, when you reach out to us, know you’re not just getting a robotic response. You’re getting a team of dedicated professionals who genuinely care about your well-being and are committed to providing the support you need. Let us be your trusted partner in navigating the complexities of relocation, and together, we’ll make your move a success.

Whether you’re in the early stages of planning your move or facing unexpected challenges, our team is here to support you. We will work closely with you to create a customized relocation plan that addresses all your requirements and ensures a seamless transition to your new destination.

At GMS, we value the trust our clients place in us, and we strive to exceed their expectations at every step. So, when you choose to work with us, you can rest assured that you’ll have a dedicated team of professionals by your side, ready to provide the personalized assistance you deserve.

Don’t let the stress of moving weigh you down. Contact GMS today, and let us take care of the logistics while you focus on starting your new chapter with peace of mind. 

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

Navigating the Exciting Journey of Relocating for Work

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Things to keep in mind when going through the relocation process for your new job

Are you ready to take the leap and relocate for your career? Moving to a new workplace can be an exhilarating adventure, filled with opportunities for personal and professional growth. However, it can also be a daunting task that requires careful planning and execution. We will explore the exciting journey of relocating for work, offering valuable insights and tips to help you navigate this transition smoothly.

Relocating for work can be a thrilling experience, opening doors to new possibilities and fresh beginnings. However, it’s essential to approach this journey with a well-thought-out plan to ensure a seamless transition. Here are some key things to remember as you embark on this exciting adventure.

Remember to be patient with yourself during the adjustment period. Moving for a new job can be overwhelming, and it’s natural to feel a mix of excitement and anxiety. Give yourself time to adapt to the changes, and remember asking for help when needed is okay.

Planning Your Move

Before diving headfirst into packing boxes and booking flights, starting with a well-thought-out plan is essential for a successful relocation process. Here are some critical steps to consider as you embark on this exciting journey.

Research Your New Destination

Begin by thoroughly researching your new location. Familiarize yourself with the local culture, cost of living, and job market. This will help you make informed decisions about your move and ensure a smoother transition.

Secure Housing and Budget Wisely

Finding a suitable place to live is a top priority. Start your search early and consider factors like proximity to your workplace, public transportation, and the neighborhood’s amenities, whether you’re renting or buying.

The journey of relocating for work can be costly, so create a budget that includes moving expenses, housing costs, and any unforeseen expenses that may arise during the transition. Having a financial cushion will alleviate stress and help you settle in comfortably.

Network in Advance

Reach out to colleagues or industry contacts in your new city before your move. Networking can help you establish a support system and gain insights into your new work environment. Attend local professional events or join online forums and social media groups related to your industry in the new location.

Engaging with professionals who are already established in the area can provide valuable information about job opportunities, local business culture, and even hidden gems in your new city. Building these connections in advance will ease your transition and set the stage for potential career growth in your new work environment.

Making the Move

With your plan in place for relocating for work, it’s time to start making the physical move. Here are some practical tips to help you relocate smoothly.

Declutter, Organize and Hire Professional Movers

Take this opportunity to declutter your belongings. Donate or sell items you no longer need to lighten your load and reduce moving costs. Consider hiring professional movers to handle the heavy lifting. They have the expertise to safely pack and transport your belongings, giving you more time to focus on other aspects of your move.

Pack Essentials Separately

Pack a separate bag with essential items like clothing, toiletries, important documents, and any items you’ll need immediately upon arrival. This will save you from digging through boxes during your first days in your new home.

Settling In

Once you’ve arrived at your new destination, it’s time to settle in and embrace your new surroundings. Here’s how to make the most of this exciting phase.

Explore Your New Community and Meet New People

Take the time to explore your new neighborhood and city. Visit local attractions, restaurants, and parks to get a feel for your surroundings. Don’t hesitate to leave your comfort zone and meet new people. Join local clubs, attend networking events, or use social media to connect with others in your industry or community.

Establish a Routine

Settling into a new job and location can be overwhelming. Establishing a daily routine can provide stability and help you adapt more quickly. A well-structured way not only aids in acclimating to your new surroundings but also enhances productivity.

Start by setting aside time for essential activities such as exercise, meal planning, and rest. Allocate time for exploring your new city or engaging in hobbies you enjoy. This balanced approach ensures that your transition is not just about work but also about embracing your new location’s lifestyle opportunities.

Maintaining Work-Life Balance

Balancing your career and personal life is crucial when relocating for work. It can be vital if you are going through work-related stress, mental health issues, or addiction recovery. If this is the case, the effect of stress on your recovery can be triggering and hinder the process. Here are some tips to help you achieve that equilibrium:

Manage your time effectively: Prioritize your tasks and avoid overloading yourself with work. Managing your time effectively will allow you to make the most of your new surroundings while ensuring you have the necessary space to focus on your recovery journey.

Stay connected with loved ones: Relocating might mean leaving loved ones behind. Stay connected with them through regular calls, video chats, and visits to maintain your support system.

Embrace the Journey of Relocating for WorK

Relocating for work can be a transformative experience that opens up new opportunities and horizons. While it may come with its fair share of challenges, careful planning, a positive attitude, and a willingness to adapt can make the journey manageable and truly exciting. So, take the leap, embrace the adventure, and watch your career and personal growth flourish in your new home. Your journey of relocating for work is a chapter waiting to be written, with endless possibilities.

In conclusion, relocating for work is an exciting journey filled with endless possibilities. By conducting thorough research, finding suitable housing, organizing the logistics, building a social network, exploring your new surroundings, and being patient, you can navigate this transition smoothly and make the most of this thrilling adventure.

Global Mobility Solutions has been helping employees get from point A to point B for over 30 years. Our expert team of relocation professionals allows companies to construct comprehensive relocation packages that make the moving process seamless for employers and employees. Contact our team today to set up a free consultation.

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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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Examining Common Employee Relocation Costs

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What Kind of Costs Are Involved When Relocating an Employee?

A primary concern for companies when offering relocation packages is the cost. It can be expensive to move an employee and their family to a new destination. But frequently, companies who cover relocation costs for their new employees can hire from a much wider talent pool than those that can only make offers to local candidates. When a company’s relocation packages are constructed by an experienced relocation management company (RMC) there is an increased opportunity for savings and the elimination of unnecessary costs from your relocation budget at each stage of the talent mobility process. 

Understanding what costs are associated with the relocation process and why they should be included in your relocation policies can help make sense of the price being paid. Before diving into some standard relocation costs, it’s important to point out that each company and its moving employees have different wants and needs when it comes to the moving process. This can make it difficult to generalize costs and prices for one-off relocations. However, these are some of the most common costs associated with talent mobility:

Real Estate and Corporate Housing Costs

One of the primary benefits offered in many relocation packages is real estate assistance. In many cases, employees only have a set number of days to move and will likely need help selling and buying a house or sourcing a temporary place to live in until a permanent home is found. Therefore, the most competitive relocation programs include a home-selling assistance program. Often, these programs have options where the company or the RMC will buy the home from the moving family then resell the property themselves to allow the employee to make their start date in their new destination on time. It is also prevalent for RMCs to urge companies to include specialized relocation real estate agents to assist moving families with selling and purchasing their homes during the relocation. 

Other relocation costs most employees want to see covered are house-hunting trips. After an offer is made and accepted for the open position, the new or promoted employee will ask the company to cover or reimburse for a trip or two to look at potential new houses and schools with their real estate agent. While this can be expensive, it can show that the company cares about the employee and family settling in comfortably at their new destination. 

For temporary housing assistance, many companies will cover anywhere from 30-90 days of corporate housing. Corporate housing, also known as short-term housing, is generally a furnished apartment for the employee to stay in while the relocation process is finalized. For example, employees may need to report to work for their new position while their family needs to stay back for a few days or weeks to tie up loose ends. Or, in some cases, the employee’s new home or apartment might not be available to move in for the first few days or weeks after they arrive.

Moving Costs and Shipping of Household Goods

The most obvious and sought-after relocation benefit is assistance with typical moving expenses, such as the movement of the employees’ household goods. There are a few different ways to approach moving assistance; in some cases, the company will handle hiring and coordinating the move with a vetted and approved moving company or van line. This type of relocation offer can usually save the company money as they can have direct insight into all expenses. In addition, multiple-bidding processes can further reduce costs by generating competition between potential suppliers.

The reimbursement of moving costs is another commonly extended benefit from another standpoint. Under this model, the employee may be responsible for sourcing their own movers while their company will reimburse a portion (if not all of) any allowable expenses, per company policy. Some companies may only offer assistance in the form of a lump sum relocation package. This means the employee will be provided a lump sum payment that is intended to help reduce the burden of moving costs to the employee – however the employee is generally left to their own devices in this scenario.

Household goods costs extend beyond “the movers.”. Many relocating employees need specialty or sensitive items shipped, such as automobiles or pets. And on top of that, many people who move need temporary storage units for their personal property while transitioning from corporate housing to their new full-time house.

Relocation Costs to Keep In Mind

While the list of relocation benefits a company can potentially cover is extensive, it’s essential to work with the RMC to ensure your policies are up to date by reviewing them every 12 months. This will ensure that your company stays competitive in the hiring field while also verifying the company is not wasting money on payouts for benefits that are not being utilized. Here is a quick look at some of the other typical talent mobility costs included in many relocation policies: 

  • Schooling assistance
  • Spouse/partner career support
  • Temporary storage
  • Language/cultural education 
  • Travel assistance
  • Tax gross-ups
  • Relocation coaching
  • And more

Evaluate Your Company’s Relocation Costs With a Courtesy Consultation

With current market forces, the price to relocate an employee can be unpredictable. It can also be costly if not done professionally. Global Mobility Solutions (GMS) is here to help with any questions about relocating employees. We make it a priority to assist your company in staying within its relocation budget. We know employee moving costs can add up quickly.

We offer various relocation tools and technology to make the relocation process for your employee as simple as possible. In addition, our qualified team can walk you through a comprehensive program review to see if your company can save money on your relocation packages. Contact us at any time when you’re ready to update or create global mobility benefits packages for your moving workforce. 

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Are you ready to calculate your potential relocation program savings? Request access to our easy-to-use Relocation Cost Savings Calculator. Your Mobility Pro will grant your access request within 1 business day.

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How Relocation Management Companies Leverage AI Technology

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Learn how GMS leverages AI in their mobility programs

At Global Mobility Solutions (GMS), we view AI through a lens of practicality. We leverage predictive analytics and Artificial intelligence (AI) to learn, predicate, and automate our processes and improve the experience.

Few Relocation Management Companies (RMCs) fully understand the potential of AI and are in the process of discovery. However, some organizations leverage predictive analytics and defined algorithms to produce artificial intelligence specifically for relocation. These organizations gain valuable insights and automate operationally by incorporating predictive analytics and AI into their processes. Unlike many other RMCs, we fully recognize the immense potential of AI and related capabilities. 

By leveraging AI, we can streamline and optimize various tasks, such as assessing housing options, calculating costs, and managing logistics. This saves time and resources and ensures a more efficient and accurate relocation process. Additionally, AI enables us to provide personalized recommendations and solutions based on individual preferences and needs, further enhancing the overall customer experience.

With the integration of AI becoming increasingly prevalent in various industries, we anticipate that more RMCs will follow suit and adopt AI within the next 18 to 24 months. This shift towards automation and data-driven decision-making will undoubtedly revolutionize how relocation management is conducted, ultimately enhancing the overall experience for individuals and businesses undergoing the relocation process.

As companies continue to explore the potential of AI and predictive analytics, we are committed to staying at the forefront of technological advancements in the relocation industry. By embracing these innovative solutions, we aim to provide our clients with the most seamless and stress-free relocation experience possible.

How does this change the relocation industry?

Recognizing that every move is associated with data points concerning expenses, geographical consequences, procedures, service durations, and essential trends. Businesses can swiftly examine extensive volumes of data to comprehend the reasons behind events and anticipate future occurrences.

Artificial intelligence aids in the relocation process by anticipating possible problems before it begins and improving its predictions as the process unfolds. Moreover, AI provides customized recommendations that facilitate comprehensive relocation management. 

These recommendations include identifying relocation endeavors with a high risk, evaluating policies, estimating the overall duration and anticipated expenses, anticipating exceptional circumstances, adjusting milestones, issuing alerts, providing information about the destination, assessing authorization volume, forecasting performance, and more. Consequently, this leads to enhanced planning, execution, and cost-effectiveness.

Does AI help reduce relocation costs?

Although AI cannot replace the significance of human interaction in relocation, it will undoubtedly enhance the procedure and improve the overall experience. Incorporating AI in relocation management is predicted to decrease general expenses for numerous companies, mainly through adopting new AI technologies and integrating data in the relocation sector.

By incorporating AI in relocation management, companies can expect to see a reduction in overall expenses. It can significantly enhance the procedure and improve the overall experience. Companies can streamline operations and make more informed decisions by adopting new AI technologies and data integration in the relocation sector.

One of the key ways in which AI helps reduce relocation costs is through its ability to identify high-risk endeavors. By analyzing data and patterns, AI can pinpoint potential challenges and provide recommendations on how to mitigate them. This proactive approach allows companies to anticipate exceptional circumstances and adjust milestones accordingly, saving time and money.

Furthermore, AI can assist in evaluating policies and estimating the overall duration and anticipated expenses of relocation. By analyzing historical data and trends, AI algorithms can provide accurate cost estimates and timelines, allowing companies to plan and budget more effectively. This reduces the risk of unexpected expenses and ensures the relocation stays within the allocated budget.

In addition, AI can play a crucial role in providing information about the destination. AI algorithms can provide employees with valuable insights and recommendations by analyzing the cost of living, transportation, and local amenities. This helps employees make informed decisions and reduces the need for extensive research and costly mistakes.

Another way in which AI helps reduce relocation costs is by assessing authorization volume and forecasting performance. By analyzing data on employee authorizations and performance metrics, AI algorithms can identify areas of improvement and optimize resource allocation. This ensures that the relocation process is efficient and cost-effective, ultimately leading to significant savings for the company.

Connect with GMS to Learn More

In conclusion, while AI cannot replace human interaction in relocation, it is a valuable tool that can significantly enhance the process and reduce costs. By adopting new AI technologies and integrating data in the relocation sector, companies can improve planning, execution, and cost-effectiveness. With AI’s ability to identify high-risk endeavors, evaluate policies, estimate expenses, provide destination information, assess authorization volume, and forecast performance, companies can make more informed decisions and achieve successful relocations while minimizing costs.

GMS takes pride in being the relocation industry leader in technology. GMS’ relocation technology offers all the necessary tools for your employees. Movers can oversee and monitor their relocation process through the user-friendly dashboard of MyRelocation® technology. Staff members can stay informed about their benefits, communicate with their relocation advisor, and even stay updated on important dates. Our technology, which has received recognition, is a valuable and comprehensive resource for employees, thanks to its easy-to-use interface and user-friendly menu design and functionalities.

Contact us today to set up a free consultation.

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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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How to Keep Employee Turnover Low After a Corporate Relocation

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Moving offices? Make Sure Your Employees Want to Come with You

Relocating your business or headquarters office doesn’t have to mean losing your valuable team members. In the following insightful guide, we will walk you through practical strategies that you can adopt to help retain your employees during and after a relocation. 

In turn, you can ensure business continuity throughout the unsettling relocation period and make sure that you keep employee turnover low. Here are the initial steps to keep in mind when preparing for an office move:

Communicate Well

You should keep your employees in the loop about your relocation plans as much as possible. Transparency is vital in maintaining trust and reducing panic, which might lead to staff leaving. Being upfront about your motivations for moving can put people’s fears to rest.

Involve Your Employees

Involve employees in the relocation process where possible. Give them roles to play or involve them in decision-making. This can make them feel valued and reduce resistance. In turn, you can minimize staff turnover.

Offer Support

Offer support to your employees for relocating their personal lives as well as their professional ones. For instance, you could assist with finding accommodation or schools and give information about local facilities. If you make life easier for your employees, they will likely stay with the company.

Consider Providing Financial Support

Covering relocation expenses is another way to retain your staff. Offering a reasonable reimbursement for costs incurred during personal relocation helps alleviate financial stress on the employees’ side.

Tips for Retraining Your Employees

During relocation, some roles may change slightly due to new circumstances. Provide training in any new areas that are going to be needed by employees in their positions after moving. Retraining your employees ensures they have the necessary skills and knowledge to adapt to their new roles. This helps them feel more confident and capable in their work and shows that you value their growth and development within the company. Additionally, offering training opportunities can significantly boost employee morale and motivation, demonstrating your commitment to their professional success.

In addition to retraining, you must provide ongoing support and guidance to your employees during the relocation process. This can include regular check-ins to address any concerns or challenges they may be facing and provide resources and information to help them navigate their new surroundings. By offering this support, you help ease the transition for your employees and foster a sense of loyalty and commitment to the company.

Furthermore, consider implementing a mentorship program for employees who are relocating. Pairing them with a seasoned employee who has already gone through a similar relocation can provide invaluable guidance and support. This mentor can advise everything from finding the best neighborhoods to networking opportunities in the new location. This helps the relocating employee feel more connected and supported and strengthens the overall sense of community within the company.

Lastly, take into account the power of recognition and appreciation. Relocating can be a challenging and stressful experience, so acknowledging and celebrating your employees’ efforts and resilience can go a long way in boosting morale and fostering a positive work environment. Whether it’s a simple thank you note or a small token of appreciation, showing your employees that their hard work and dedication are valued will encourage them to stay with the company and inspire them to continue giving their best.

In conclusion, supporting your employees during the relocation process is crucial for retaining top talent. By offering assistance with personal matters, providing financial support, retraining employees, and offering ongoing support and recognition, you create an environment where employees feel valued, supported, and motivated to stay with the company. This benefits the individual employees and contributes to the organization’s overall success and growth.

Create a Transition Team

Create a transition team to support employees during the moving phase. This team could offer physical help with packing and moving, provide emotional support, or assist in settling employees into the new workplace location.

Take Safety Precautions

If some employees have reservations about safety in a new location, establish solid security measures at the new site to instill confidence among your workers.

Offer Transitional Perks

Offer temporary perks to encourage retention during the transitional period. These incentives can range from extra vacation days to flexible hours until everyone settles down at the new offices.

Provide Promotion Opportunities

Relocation might open room for career advancements and promotions within your firm. Highlight these opportunities to your staff to maintain their loyalty and commitment to the company amidst all the changes happening.

Hand Out Awards at Work Anniversaries

Recognizing the service of your employees is another practical way to maintain their loyalty, especially after a relocation.

One way to do this is by holding ceremonies where the company hands out corporate awards at work anniversaries. This will serve as an appreciation of your workers’ continued dedication and loyalty despite the recent changes.

The thrill of receiving a corporate award not only boosts morale but also gives employees something tangible to aspire to.

Whether you’re awarding five years of service or applauding excellent performance, these recognitions can make team members feel more valued and less likely to consider leaving your company, even after a significant move.

Create a Comfortable Work Environment

Whether you are moving to a smaller office or a gigantic building, it is paramount that your new work environment should be comfortable and stimulating for your staff. A cozy space increases job satisfaction, contributing to employee loyalty.

Invest in quality seating arrangements, ensure suitable room temperatures, and maintain clean facilities. Also, consider incorporating spaces for relaxation and unwinding so employees can recharge during breaks.

A well-designed workspace can make everyone feel welcome and valued.

Provide Employee Counseling Services

Lastly, relocation could bring some team members emotional and psychological challenges.

Providing access to counseling services may be an essential step toward ensuring the well-being of your employees during this disruptive phase.

Employees experiencing stress or difficulty adapting might find talking to a professional helpful as they cope with changes professionally and personally.

Offering these services demonstrates that you prioritize employee well-being, which can encourage them to stay with the company during and after relocation.

Remember, happy employees produce better results compared to those under immense stress. When happy employees work for your company, you can ensure high retention rates.

Corporate Moves by GMS

Securing employee loyalty during a business relocation demands thoughtful strategies. Implementing the above-suggested approaches can lower staff turnover and ensure minimal disruption to your operations.

Remember: the key is proactively supporting your employees, acknowledging their efforts, and involving them in the process. Your team is an invaluable asset. So, ensure your employees know it during the transition stage and beyond.

And for more information on getting your office moved from point A to point B seamlessly, consider reaching out to Global Mobility Solutions (GMS) today. Our expert team of corporate relocation specialists is here to assist you in having a successful office move for your business.

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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About

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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