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Cost-of-Living Allowances: Strategies for Relocation Success

Cost-of-Living Allowances.

Top talent doesn’t always reside in your backyard. To hire the best people for the job, many companies find it necessary to broaden their searches – which means potentially costly relocations.

In today’s global marketplace, many organizations face the same four-fold struggle: attract top talent, get the right talent in the right places, and maintain a high level of employee satisfaction – all with an eye toward controlling cost. The current generation of workers is less inclined to stay employed at the same company for a significant length of time and many companies are not organizationally strong enough to support the rate of career development these employees demand.

This generation of “millennials” is far more willing than previous generations to relocate. According to the Kelly Global Workforce Index, 85% of millennials say they would be willing to move for the right job. With the stakes high and employee satisfaction expectations higher than ever, business leaders must re-tune their decision models to ensure fair and attractive relocation packages.

About Us

Founded in 1933, Runzheimer connects people, companies and their vehicles in ways that drive superior productivity and impactful business intelligence. We provide expertise, technology and world class customer service that empowers companies to move their businesses forward with confidence. As a result, our customers are able to better manage cost, reduce business risk and increase employee satisfaction in the mobile workplace.  Runzheimer is the leader in workforce mobility programs, designing and delivering business vehicle programs, relocation information services and business expense solutions. We are highly renowned and recognized for our market leading service delivery focus, an integral part of our corporate culture.

To learn more about Runzheimer, visit http://runzheimer.com.