The Internet brought a lot of information to the click of a mouse or the tap of a thumb. Because of this, it can be easy to dismiss hiring an expert and thinking we can handle things on our own.
While you can get a lot of relocation information with a quick search, some things need to be lived. All Points’ time in the market has helped us pick on a few details about relocating that you can’t find online.
So we chose a few facts that only those who worked as long in the industry as long as we, know to be the facts.
Corporate relocations are expensive… but worth it
The typical fully assisted domestic Canadian relocation costs around $65,000, primarily due to property sales and household goods moves. Relocation allowances range from $10,000 to $40,000, depending on the level of the employee and the distance.
However, this cost can be worth it. Corporate relocation allows businesses to hire the best employees, regardless of where they presently reside. Casting a broader net may be quite beneficial to businesses, as long as they can demonstrate a high quality of life index.
Your company will become a second home
Because everything is still fresh, the first few days in a new place are often the most thrilling. However, homesickness is a natural reaction to a new place after weeks or months and is among the most frequently encountered challenges by assignees and expatriates (and even domestically relocated employees).
What usually happens then is that the job – both physically and emotionally – becomes a home for these individuals. Besides the family they may have travelled with, only the other assignees can understand what they are going through.
HR may play a critical role in ensuring that the assignee or new transferee feels connected to their new home. The office space should be enjoyed, and HR should keep in mind how the family is doing at their real home. If the family is having a difficult time, your employee will have a difficult time.
People are going to think more about their families
Relocating can be one of the most difficult discussions to have with someone’s family. Especially after the Covid-19 pandemic, people realized how important it is to have their loved ones around.
This doesn’t mean employees will stop relocating; it just means they will keep their family happy will be even more important than before. Companies looking to relocate their employees, send assignees to other countries, or even hire foreigners, need to consider what benefits they will offer to their families. What kind of settling-in services would help the family acculturate more quickly.
Did you know those things already? Maybe you picked up a few things by reading All Point’s blog, so be sure to stay tuned to get more relocation tips.