relocation penalties

Relocation Penalties

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Turns out, football isn’t the only thing with

penalties.

Guess what else has penalties?

You guessed it…

RELOCATION!

(are you getting sick of us trying to tie together relocation and football?)

GREAT! We aren’t either.

Let’s dive into some of the penalties

employers can make with their relocations

PENALTYFLAG!

Offering lump sumwith no guidance

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Throwing money at a problem and hoping it solves itself is NOT a solution

…most of the time.

Imagine trying to build a car without instructions

…you wouldn’t know where to start, right?

That’s what getting handed a lump sum check with no additional

guidance is like for your transferees.

One moment they are $10,000 richer and incredibly excited,

and the next thing they know they are $10,000 richer and incredibly

stressed out.

They need a road map for navigating the roads of relocation and advice on how to spend their lump sums

efficiently and effectively.

Don’t leave your transferees stranded.

Give them guidance!

PENALTYFLAG!

Thinking of your transfereesas policies instead of people

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It’s important to think of your employees not as lump sum-ers,

renters, or homeowners,

but as real people with real needs.

We recommend determining all the different types of transferees you have

and categorizing each of their policies accordingly.

This will help you craft more effective relocation policies, and, by not offering a run-of-the-mill relocation package, your

employees will respect you and build trust and loyalty with your company.

PENALTYFLAG!

Not agreeing that THIS is the best part of

the game:

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Alright, this has nothing to do with relocation but we had to get these guys in here somewhere.

Okay, okay. Back to relocation…

PENALTYFLAG!

Ignoring your rentersTO

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Your renters make up 61% of total transferees

Give them their due attention! Offer them options for rentals in their new city, as this

is the number one issue renters have in relocating.

Don’t forget about your interns and temporary employees

who may be on short-term assignments.

As we have said before…

Regardless of how far you are traveling or for what amount of time

Relocating is relocating.

And the pain points are still the same.

We hope you have learned which

penalties not to commit in your

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Happy relocating!