Many companies today lack in-house relocation experts and little or no experience with corporate relocation. They identify the perfect candidate for a position—but she lives on the other side of the world. Or they need to move a current employee to a different company location as soon as practical, but they don’t know where to begin. Forced to make decisions quickly, and with limited knowledge, they can easily over or undershoot the relocation benefits package, incur unnecessary taxes, run afoul of immigration laws or incur a host of other problems.
Though the employment market has been disrupted by the COVID pandemic, the long-term trend of talent shortages continues unabated. Employee relocation can be a powerful tool to help your company recruit and retain talent—but where do you begin? It is far better to have at least a basic relocation policy and program ready for use when needed than to risk losing a prized candidate or delaying the start of a project.
TRC Global Mobility’s Relocation 101 Toolkit will help you jump-start the process of joining other relocation experts in just four easy steps:
Step 1: Create a Basic Employee Relocation Policy
If your organization does not have a corporate relocation policy, TRC’s sample policy generator will help you create a basic domestic or international employee relocation policy. You can customize this starter policy to suit the specific needs of your business.
Step 2: Consider Outsourcing to Relocation Experts
Most companies no longer have an in-house relocation department staffed with experienced professionals. Outsourcing to a relocation management company (RMC) brings you instant expertise, and you pay for services only if and when you use them.
Step 3: Select a Global Mobility Service Partner
Once you decide to outsource, you will want to select the relocation management company that is the best fit for your company. TRC’s relocation specialists have compiled a checklist of considerations and expert tips into an eBook to help you navigate the process successfully.
Step 4: Get the Most Out of Your RMC Relationship
After you have selected a relocation management company, TRC’s eBook can help you establish a successful, productive relationship with your new RMC.