For companies who want to stay ahead of their competitors and attract highly-qualified employees, it is important that employers offer a well-designed corporate relocation programme.
Typically, employees look for a relocation programme that provides them with a wide range of benefits and services. This is to ensure that they have an easy and smooth move. Therefore, companies who can offer a relocation programme managed entirely in-house will face several challenges when they try to meet the demands and expectations of moving abroad for work.
There are many benefits when outsourcing relocation programmes to global relocation experts. So, here are five key challenges you may face and how using a global mobility company can help you and your employees:
1. Poor Cost Tracking
When managing your employee’s relocation in-house, you may run-away with the logistics of the relocation process. As a result, your programme costs are often forgotten about and ignored. Without an effective way of tracking your expenses; the costs of relocation will be hidden and cannot be effectively controlled or minimized.
By outsourcing this, your provider will be able to track and review your relocation budget on your behalf.
2. Multiple Managers in Various Locations
Unfortunately, local HR teams may have different interpretations of programmes and policies. This means that these variations can impact the benefits that transferees receive.
However, when you outsource to a relocation company; the experts will benefit from a central programme management with local and global support. Available at all times, you will receive a consistent and coherent programme that is supported in all locations, with no differences in interpretation.
3. Assignment Failure
All companies plan for a successful relocation experience for their transferees. To limit and, in many cases, eradicate potential failure, we actively encourage interaction at an early stage. Greater familiarity and local knowledge shared by destination industry partners can identify potential challenges and thus make the assignment all the more appealing; crucially lessening the burden of work facing in-house HR teams.
Companies can benefit from a specialised and unique programme if you were to outsource your relocation programme. As experts in relocation, they are able to provide you with information regarding tax issues, visa applications and compliance reporting.
Finally, for more information on how Galleon International can help your business with corporate relocation, get in touch today on 01708 868 068.