Relocation services are there to simplify the process of transferring employees from one location to another. Ultimately, it’s the goal of the relocation management company to pave the quickest, least disruptive path between Point A to Point B so that the transferee can experience as seamless a move as possible, with minimal stress and worry.
Below are some examples of paperwork (required and informational) that employees in the process of transferring should expect to receive during a corporate relocation.
Relocation Benefits and Policy Acknowledgement FormsA critical document for any relocated employee to keep, the relocation benefits form spells out all of the agreed-to benefits of the relocation package being exercised. Policy acknowledgement forms are to be signed by employees prior to their relocation, and are the legal agreements between employee and employer that explicitly spells out the rights of each.
The corporation that a person works for will likely have a relocation benefits package that covers necessary expenses associated with relocation. This coverage goes well beyond the simple cost of hiring a moving company and paying for airfare, and can also extend to paying for temporary housing while a transferee looks for something permanent, in addition to the hiring of real estate services to help market that person’s home and guide it to a quick sale.
Understanding the breakdown of expenses covered and what the tax ramifications are if reimbursed is key to helping a corporate employee determine whether or not their relocation will be an economic hardship or an opportunity they'd be foolish to pass up.
Relocation services companies not only handle all of the details of arranging a move for a corporate employee, but they even go so far as to eliminate the need for that individual to do any research. Typically, the relocation management company will pull together a comprehensive report on the destination city for the employee to review. This can include everything from detailed information on local schools to family friendly neighborhoods, to a synopsis of the area’s history and a list of nearby areas of interest. This not only helps the relocating employee and their family learn about the place they’ll soon be calling home, but it can also work as an effective tool for persuading reticent employees to take relocation opportunities they might otherwise turn down without a second thought.
Relocation management companies are in the business of eliminating the bumps in the road that could potentially derail a corporate relocation – and a major part of that is the elimination of paperwork through streamlined processes that handle the “heavy lifting” portion of moving. Without the services of a relocation management company, the prospect of employees having to pull off their own cross-country relocations would be so daunting that few would agree to it at all. The end result could cripple the growth for companies interested in expansion – not to mention making the recruitment of talent a near impossibility.