Think Local to Make Global Relocation Successful
Why Global Relocations Are So Difficult
Many HR professionals feel that international relocations are overwhelming. On top of incredible risk and complexity, SHRM reports that global assignments can be incredibly expensive — easily exceeding $3 million.1
In addition to these stressors, many companies struggle with global mobility because of the number of variables to consider for each new location. It can also be difficult to help employees navigate the particular housing needs, legal requirements, and cultural adjustment of each location. A relocation management company can help you stay up to date with the right information for your business and provide local, personalized support for your employees.
What to Look for in a Relocation Provider
Here are just a few things to consider as you evaluate relocation providers:
- What locations do you currently move employees to?
- Where might employees need to be placed in the next three to five years?
- What level of assistance are you seeking for employees?
- What does “local” assistance mean to you?
- What services should be delivered in person?
The Value of a Global Footprint
Some relocation management companies have global brick-and-mortar offices to provide local support. However, guaranteeing a physical office in every location you send employees to is likely impossible. With the high rate of failure of international assignments, you can’t risk sending employees out on their own.
To meet the specific needs of your unique global mobility program, you need a partner with a unique solution.
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Find a solution that can provide the support your business needs.
Learn more about the value of a global footprint and what factors to consider as you select a relocation provider.