Culture shock is a well-known phenomenon in global relocation. However, many companies fail to recognize and address culture shock when it happens closer to home. Employees moving North to South or East to West within the same country are actually just as likely to experience some form of culture shock as if they had moved around the world, though perhaps not to the same degree. The difference is how we treat them.
Category: Domestic Relocation
With such a major investment at stake, candidate assessment has become de rigueur for international assignments. But relatively few companies apply such a rigorous assessment to a potential domestic relocation. While the cost of most domestic relocations pales in comparison to a typical global assignment, it is still substantial. And a failed domestic assignment can have the same repercussions for the company: a loss of investment and talented employees.
In the world of corporate relocation, renters traditionally received less attention and much more limited benefits than homeowners. There were two reasons for this. First, renters tended to be recent college grads, new hires or lower-level employees—at the lower rung of a typical tiered relocation program. Second, from a practical standpoint, this group of employees was easy to move: often single, with relatively few possessions and of course, no home to sell. They needed little assistance to complete their moves.
In planning a move, whether it’s an employee-sponsored relocation or not, most people tend to focus on the costs of selling the old home and moving a house full of goods. The costs associated with buying a new home often receive little attention. But they can be significant, so most companies offer some form of New Home Purchase and Mortgage Assistance benefits to defray the cost and ease the transition. Read More
In a domestic relocation, the home selling process seems to receive most of the attention yet finding the right home is arguably even more important to a successful transition. The extent of assistance offered by companies varies, depending on the policy tier, homeowner vs. renter status, type of reimbursement and more. Clearly defining home finding benefits with the employee at the outset will make the process more efficient and reduce confusion and exception requests.
Relocating employees are happiest, and costs are lowest, when they are settled into permanent housing as rapidly as possible.
When this is not possible, providing good temporary living services to employees becomes an important part of a successful relocation process. First impressions make a lasting impact, and for employees who are moving their whole lives to a new location, temporary housing will be their first foray into an unknown environment. Seamless planning and execution is crucial to ensure happy and productive employees.
Right Talent, Right Place, Right Time
Used strategically, employee relocation can positively impact a company’s competitive position and business performance by getting the right talent in the right place at the right time. Unfortunately, the relocation process can be very complicated and stressful for both the employee and the company initiating it. For businesses, some key challenges are competitiveness, cost control, compliance, and employee resistance. For employees, spouse/partner careers, children, elder care responsibilities, real estate concerns, and family resistance are among the frequent challenges. Read More
We all know that kids have feelings too, and when it comes to a corporate relocation, unless they are babes, their world is going to be shaken up a bit. The parents’ role in transitioning their children to a new environment is critical, and begins before the move. What follows are TRC’s six suggestions for smoothing out the often bumpy road of a family transfer. Read More
According to a new report from Knight Frank, a global property agent based in England, finding the right school is the biggest challenge for relocating families, whether they are moving around the world or only 100 miles away. The kids are leaving their friends and extended family behind, and no matter how excited they are about the move, they are still facing some very challenging hurdles: fitting in and making new friends while doing well in their new school. Read More
Corporate relocations entail more than a new job position. The list of items that come into play for any relocation is long, but at the top is usually finding a new place to call home.
Most corporate relocation packages include some type of home finding assistance. The benefit can vary considerably, from a lump sum to a full-service, escorted area orientation, depending on the company and sometimes the employee’s position.
Regardless of the scope of the program, the goal of TRC Global Mobility is to make the relocation as stress-free as possible and provide expert, professional advice throughout the process. Read More