Corporate relocation packages that are standard across the board, with little room for policy exceptions based on individual talent, may seem like a good way to keep your relocation budget in check.
But when you consider that 25 to 45% of relocated employees leave their job after less than a year, it's clear to see that inflexible corporate relocation packages are not cost-effective in the long-term. When you lose top talent after a corporate relocation, you must begin again, burdening your human resource department with recruiting, hiring, and training new talent. All of this costs much more—in time, money and resources—than a relocating employee might ask for in a corporate relocation program.
When you let CapRelo create, modify and manage your corporate relocation program, we emphasize flexibility in corporate relocation packages. It is not our job to say “no” to a relocating employee's request. Instead, we work within the framework of your budget to devise a solution that will keep the relocating employee happy.
Often, you won't even know there was a situation until the problem is solved and our relocation counselors come to your HR staff or top management with the solution.
CapRelo is, additionally, the primary liaison between relocating employees and relocation service providers, including carriers of household goods, real estate agencies, and anyone else involved in a successful relocation. Managing service providers to ensure the move in on-time, on-budget and low-stress is a big part of our job.
When employees have a low-stress moving experience and focus on what went right in a move—the superior level of customer service they received every step of the way—they will experience a faster return to work, prompt return to full productivity, and are more likely to stay with your company as a valued employee. That's the real way to save money on corporate relocation.