As concerns over inflation and a potentially pending recession loom over multiple industries, minimizing budgets and maximizing value are top of mind for procurement departments everywhere. When you need the right talent in the right place, you may be tempted to handle employee relocations in-house, but outsourcing your talent mobility management can provide your employees with a positive, streamlined experience and actually save you money.
Controlling costs doesn’t mean you need to sacrifice quality and experience. Here are some ways working with an employee relocation company can be a win for your budget and your employees.
Whether it's a move to a neighboring city or across the country, corporate relocations can get pricey. The average cost to relocate an employee will vary, depending on several direct and indirect costs. Here's how the different indirect and direct employee relocation costs compare:
Direct relocation costs are expenses directly involved in the moving process. Hiring movers to help with the logistics of the move will be one of the biggest expenses involved. Other factors, such as travel expenses and temporary housing, can also be costly for the employee and their family. These are costs that can be consolidated into one estimate when outsourcing relocation services for your team.
There are also hidden costs that might not be top of mind. Relocating is a physically demanding task that requires a significant time commitment from the employee. Without relocation resources, they will need to dedicate a large portion of their downtime to planning, packing, and preparing for the job. This means you may need to give them some time off from work just to manage the logistics of the moving process.
If you decide to handle the move in-house, you'll also need to consider the administrative overhead and training required to ensure your team can handle all the tasks involved in the process. This can majorly disrupt operational efficiency and lead to unwanted delays in the workplace.
When you outsource employee relocation services, many of these indirect costs are handled for you. Moving companies like Allied Van Lines will provide you with a single point of contact who handles all aspects of the corporate relocation. They'll be there for your employees every step of the way, so you don't need to worry about the indirect costs impacting your operational efficiency.
Working with an employee relocation company is the most effective way to keep your employees satisfied and streamline the moving process. Once you decide to outsource employee relocation services, you can look forward to:
A corporate moving partner can positively impact your costs in the long term. By providing relocating employees with a positive experience, you can increase employee retention and decrease the costs associated with searching for and onboarding new talent. Additionally, it can promote internal hiring – if an employee has already had a positive experience, they may be more willing to relocate again.
Your corporate moving partner brings with them a wealth of experience, allowing them to anticipate and overcome complexities and roadblocks that your team may be unaware of. Save your procurement and HR teams the time and stress of handling employee relocations and let them focus on other ways to support the business.
Beyond saving your company money, a corporate moving partner’s expertise will make the moving process simpler, more streamlined and secure. They’ll give you a single point of contact you can rely on for all moving questions and concerns. You and your employees can face a relocation with confidence knowing you have access to experts at any time, at your fingertips.
A reliable employee relocation company can also help mitigate risk and ensure you're adhering to the legal requirements of the move. Once a relocation specialist is assigned to your corporate move, they'll get to work creating a moving timeline and relocation management plan for your employees. This process will cover all of the details of your move and highlight the assistant programs available to employees.
A relocation specialist will also help ensure the moving process adheres to the local and international labor laws. Most professional moving companies also offer comprehensive insurance, so if anything breaks during the moving process, it will be covered.
Allied Van Lines’ parent company, Sirva, Inc., is a leading global relocation service provider with the expertise to manage your organization’s talent mobility program. By harnessing the power of Allied’s national network of movers, Sirva, Inc. and Allied are your one-stop shop for corporate relocation coverage, logistics, moving and storage. Together, we have the solutions in place to ensure your employees enjoy a safe, simple and painless move, all while looking out for your budget. Learn more.
Need more information? Here are some common questions about outsourcing relocation services, with answers on how it can help you save money, make things easier, and pick the best company for your needs.
Hiring a professional employee relocation company can help mitigate risk, improve employee communication, and simplify the moving process for everyone involved.
Outsourcing ensures your internal team doesn't need to handle the tasks involved with employee relocations. This takes the burden off your employees and helps reduce overhead costs associated with building and maintaining an internal relocation program.
The three most important factors include cost, operational efficiency, and employee satisfaction. You want a program that's affordable for your company and offers value to your employees. You can measure the success of these metrics by reviewing costs or conducting internal surveys.
Outsourcing your relocation program makes the most sense if your company offers multiple employee relocation benefits (i.e. household goods moving, rental assistance, real estate assistance, temporary living, etc,). However if your company only offers household goods moving services, then it makes more sense to work directly with a moving company like Allied Van Lines. For companies with smaller mobility programs like these, Allied can also provide free support to relocating employees who have need of additional relocation services through our unique “Allied Moving Extras” program.
You'll want a reliable company with experience in managing corporate relocations. Always thoroughly read reviews, case studies, and customer testimonials. You'll also want to meet with the relocation and/or moving company to determine if they can offer the tools and resources your team needs for successful employee relocation.
