How Runzheimer Relocation Services Can Help Your Company
Relocation. It’s moving someone from one place to another. Pretty simple, right? Well, maybe not so simple. Because relocating someone from one place to another isn’t just brown boxing their life, putting it into a moving van, and heading off to their new home. In fact, relocation is a basic service that most companies take advantage of at some point in their existence. So what does relocation include? And how can your company use it to your advantage?
Relocation is everything before the move
There are a few steps to moving that take place before all the manual labor, and no, I’m not talking about setting up your forwarding address. What’s more, the workforce expects a company that asks an employee to move—for a new job or a new position or any other reason—to help with said move financially. Below are a few of the ways a company might do that.
Your employee is moving from one location to another. Easy, right? Well, that really depends. Cost of living can vary so much from city to city, and even more from state to state. A successful relocation is marked by an employee’s ability to maintain their quality of life. That means finding out the differences between grocery costs, housing costs, and what kind of compensation they might receive to offset the change. In many ways this is the first step.
So you know the location. And you have an idea of the cost of living difference between the current home and the destination. Now comes the field work. Your employee needs to search out a new home. Maybe all they need is a few hours on a real-estate website to choose the right house. But that’s far more likely to prove the exception than the rule. They’ll need transportation to get there, transportation while there, a place to stay while visiting, and a per-diem.
Some companies provide all of those things, and more. Some companies pick and choose. A lump sum allowance can be limited to one trip in search of a new home. It can also include multiple trips, in which the whole family begins to learn their new location and the bread winners start working from a temporary rental while they wait for their home to become available. Find out more about what goes into a lump sum allowance here.
Say your company is bringing in an intern from across the company for the summer? Or there’s a new merger which requires a new board member to orchestrate the transition period of several months? Those employees don’t have the same needs as someone making a big life change and bringing their entire family to a new city for their work. What’s more, it shouldn’t require the same amount of field work to find an adequate living space. For that gap, there’s the temporary assignment. You can learn more about it here.
Not every job is in a big city. Or an easily accessible location. But that doesn’t make the job any less valuable. Unfortunately, the harder a location is to access, the more seemingly basic necessities like access to healthcare and entertainment become out of reach. If a place is considered difficult to work at, the compensation for such work should rise. And that compensation must include travel in and out of location. You can learn more about isolated post services reports here.
What can Runzheimer do for you?
Let’s start by getting something straight. A lot of companies use an RMC as an intermediary for their relocation needs. We aren’t an RMC.
We equip you with the data you need to make appropriate decisions when relocating employees. That includes two location comparison reports, lump sum allowance reports, temporary assignment and isolated post reports. What do we have that other companies don’t? Decades of experience, up-to-date data and an easy to use platform. Reach out to us and learn how we can help you.