With all the moving parts that come along with a corporate relocation, it’s easy for employers to forget about one of the most important considerations of the relocation – an employee’s productivity. Every relocation has the potential to lower productivity levels for employees and, in turn, impact a company’s overall performance and bottom line. Fortunately, there are ways to implement relocation policies that can significantly minimize this loss and even improve productivity during and after a relocation.
Reasons for Lost Productivity During a Relocation
When employers have the wrong relocation policy in place – or worse – no relocation policy in place at all - much more responsibility falls on their employees. As professionals scramble to handle the numerous tasks and details of the relocation, they are likely to take more days off. When this occurs with a group move, the loss of employee work time can have a devastating effect on the organization.
On a larger scale, companies can lose productivity due to a high number of vacancies and slowed organizational growth. Without the ability to offer high-level professionals enticing relocation packages, companies miss out on top talent – often leaving them with costly job vacancies, employees who decline relocation and professionals who leave the company after a dissatisfying moving experience.
How to Minimize Productivity Loss
When companies put top relocation policies in place, they not only limit productivity loss, but – in some cases – they may actually boost productivity.
For many employees, property issues prove to be major obstacles and popular reasons for declining a position in a different location. Companies can make relocations more attractive and seamless by helping the employee find the right home in a destination city and providing mortgage assistance for the professional’s current home.
It’s no mystery that packing and making travel arrangements require a large number of man hours and that employees need significant amounts of time off to handle these tasks. When the company provides moving and travel arrangement assistance, it takes these time-consuming responsibilities off an employee’s plate – eliminating the need for so many missed days.
Most savvy professionals will want to explore their destination city and gather information about neighborhoods, school rankings and other important details of daily life. By covering travel expenses, arranging for scheduled tours of the new city and providing easy-to-browse packages of location information, organizations make it even more likely that employees will say yes to the new opportunity.
If companies want to make a relocation offer even more enticing, they should offer to cover temporary living expenses, which can include rent, meals and transportation costs that employees would incur while determining whether the new location is right for their family.
Too often employers accept lost productivity as an inevitable consequence of relocation. However, with the right policies in place a loss in productivity doesn’t have to occur, and employers may even notice a significant boost in their employees’ production, performance, and loyalty to the company.