While your competitors still try to bring everyone back into the office and keep complaining about the Great Resignation, smart entrepreneurs and managers envision a different workplace, where people don’t have to leave their homes to work overseas.
In fact, adjusting to the increase in remote job opportunities is the one sure way companies and organizations everywhere can get a competitive advantage right now. According to Ladders, remote work opportunities will continue to increase as more employees are happy to make the switch.
But what do you do when a remote doesn’t fit the bill and you still want to hire people currently located elsewhere? That’s when employee relocation gets into focus. However, the process is lengthy, complex, and quite expensive if you don’t know what you’re doing. Still, if you have to do it, here are a few tips to help you cut down the expenses:
Use a professional service
It may seem counterintuitive, but a professional company such as ARC global relocation service can help keep the costs down. These businesses have the entire process mapped out and collaborate with local movers, real estate agents, and other professionals you’d have to talk to in order to relocate an employee. Plus, they already have all the necessary equipment and people on the field.
So, by hiring a professional service, you don’t have to allocate extra human resources to this task. You also save time and money since everyone in your team will continue doing their job while the relocation happens without giving it much thought.
Keep communication channels open
Whether you’re moving an existing employee to a new location or hiring someone from another country/state, the process is stressful for the one who has to uproot their life and take it elsewhere.
In this case, the company can ease the pain of moving a little bit by providing the person with open communication and full transparency. The employee’s future acceptance of fringe benefits may depend on it.
Let them know they can reach out if they have a problem with the new location or encounter difficulties down the road. Also, make sure they have a way to track the goods that are being moved, and that they know what to expect once they get there.
When people feel you have their back, it’s easier for them to adapt to a new situation, which also helps increase productivity a lot faster.
Offer an appropriate relocation package
Sure, it may be tempting to reduce the financial stimulant for the relocation process, but this is detrimental to the future of your company. First, when the package is small, you can’t attract top talent.
Second, even if you can motivate people by promoting the attractiveness of the new location (plus opportunities), they may take longer to find a suitable living place (especially if there’s an entire family involved).
The best business books explain that a well-sized relocation package is a win-win for both the company and the employees as it shortens the time spent looking for a place and moving. In return, people will be able to get to work a lot faster and have some peace of mind knowing they’ll be able to live off of what you’re offering (for a while, at least).
While it can be a sizable investment (especially for small businesses), the relocation package is a way to increase productivity and employee satisfaction. Also, it helps to cover all the expenses and the efforts connected with the move so the person relocating can focus on work and productivity.
Otherwise, if your budget doesn’t allow it, you should think about ways to collaborate remotely or find local top talent that can cover the tasks. It may be a bit of a headache, but it pays to think all the steps through before you launch a relocation process.