What is Corporate Relocation

Relocation is the process of moving from one place and settle in another. The new location can be nearby, same neighborhood or in a different city or country. Relocation can occur for a variety of reasons. Individuals may relocate for good career opportunities or better education facilities.

Corporate relocation is when an employer pays for an employee to move to a new location for work purposes. It is a tool for talent acquisition and management, and can be used to fill open positions or to transfer existing employees.

Company relocation involves physically moving employees, major operations and headquarters to another location. Relocation can be expensive for global moves. Companies may relocate offices for cost savings or accessing new markets. Some companies may partner with a moving company, or have their own relocation management company.

Relocation can be beneficial for employers because it can be cheaper than hiring new employees. It can also help the employers meet the needs of every location. Those in charge to plan the relocation, will need to identify exactly what key tasks need to be carried out, where and how it shall be executed.

Corporate Relocation involve:

• Packing and moving costs
• Temporary housing
• Meals
• A down payment on a new home
• White glove services
• Put away services

Benefits to Relocating Company

1. Increased access to Customers: When given an opportunity to expand your business financially and professionally, then the relocation is a great idea. Moving to new locations where company’s industry is growing means one can expand earnings, improve sales and hire good experienced staffs.
2. Reduced Operating Costs: One of the primary reason of a corporate relocation is to reduce their operating costs. If one is struggling with the operating costs, then moving to cheaper location can be beneficial.
3. Better Space: When a business is growing and expanding to new level then it can be challenging for a steady, stable and clean production. Smaller or crowded places can reduce the level of work productivity, and the best means to deal with this issue is relocation.

Corporate Relocation Issues

Corporate relocations, weather domestic or international, comes with numerous obstacles for both employees and employers. There can be multiple challenges that may occur during corporate relocation for employers, including

• Logistics: Managing the packing and shifting from one place to another can be difficult. You cannot carry everything so deciding between what to carry and what to discard can be a tedious job.
• Communication: Communication error can lead to damaging or loosing of your valuables. If not properly communicated, transport guys might not give extra attention to your important stuffs which can lead to damaging your valuables.
• Temporary Housing: Finding temporary housing or suitable accommodation near the work place can be challenging.
• Housing Costs: Moving to a new city can be expensive. Finding a reasonable and affordable place to stay can be tough for an employer.
• Cultural and Language barriers: Relocating to different state or country can lead to language and communication issues. Cultural differences can be a major barrier for better living.
• Adapting to New Environment: To leave behind familiar surroundings, loved ones and the comfort of what one is used to can be challenging. People may find difficult to adjust themselves with the local environment and work atmosphere.
• Impact on Children’s Education: Relocating with family and children can have multiple impacts on children’s education and learning process.
• Transportation: Finding means of transport in a new city can be challenging as one might not be aware of the roads and get cheated by local public drivers.

Corporate Relocation Solutions

• Research your new location:  Research is your best key before you relocate to any new place. Some people relocate already with a job offer in the new city, while some are just looking for a change in lifestyle. It’s always better to look up jobs and companies online before you move, so you’re ready to apply and interview once reach.
• Plan your move: It’s better to label all your boxes to make unpacking easier and avoid your essential items getting misplaced. Keep important documents and personal items readily available and make eating and sleeping arrangements beforehand.
• Meet new people – Make friendship to the people next door neighbors, it helps you get some local insight on your new location. Talk to your new coworkers if you’re starting at a new job. If you’re relocating away from family, building a network of new friends and neighbors will help you big time.
• Know the Cost of Living in the New Society: The cost of living might be reimbursed by your company but it’s always better to research and plan your expenses in the new society.
• Know what’s available to you.  Many companies offer a variety of relocation services. For example, some companies will pay for things like house hunting trips, transportation, helps in selling or buying your home, and event organizers to settle you into your new home.

Professional Corporate Relocation Services

• Corporate Moving Services- Two Men and a Truck
• https://twomenandatruck.com/corporate-moving-services
• Executive Class –Expert Executive relocation Services
• Relotrans.com
• Moveamerica.com

Frequently Asked Questions:

1. Will the company cover relocation expense?
2. Some companies offer relocation expenses and offer you a package to meet your needs in budget.

• What’s the cost of living in the area?
• This can give you an idea of whether the salary they are offering would cover your living expenses like rent, food and transportation.
• What will be the commute to work be like?
• Reducing on your commute can allow you to save on both gas and time, which            saves money and shortens your work day.
• What is the anticipated start date?
• You can choose to plan and move if you know your start day to job which works for you as well as the organization.
• Will I have a mentor or support system?
• It is important to figure out any support or network to help you get acclimated. A social calendar or other activities can help new employees to get accustomed to new organization.
• What is the company culture like?
• Consider looking into the company’s websites to read their employee profiles and client views. This will help you to determine if the people working there can add some values and motivation to your profile.
• What does the package include?
• To know if the salary or package offered can meet your needs and save up to your future.
• Can I meet or talk to someone from the team?
• Talking or knowing someone before joining can help you determine whether the coworker have the similar mindset or different.
• When do you need my final decision?
• If you need time to consider all the factors associated with relocating, then you can ask for some time to consider the offer.

Conclusion

Corporate Relocation can be a challenging process, but with the help of the right relocation company and taking into consideration the above challenges in Corporate Relocation, business can overcome these challenges together. To ensure employees are kept up-to-date throughout the process can avoid any confusion during the move. Whether it’s managing timing, logistics, budgets, employees or communication, there’s always a solution. Better research and planning beforehand will ensure that your relocation process runs as smoothly as possible, making for a successful move.