Supporting Employees During Relocation
Relocating can be a daunting endeavour for anymore, especially when it involves uprooting one’s life to pursue new opportunities.
British employees are divided about relocation. Approximately one-third of employees have had no problem relocating for a job during their careers, while a little under 30% would not consider relocation at all. The reason why some employees would rather quit than consider relocating is because they don’t want to disrupt their routine and lifestyle.
Yet, even if employees are willing to move homes for work, businesses can provide comprehensive support during this period to boost morale, reduce stress, and contribute to a more efficient and productive transition. What can be done to support relocating employees?
Pay for storage
Relocating often involves complex timing between moving out of one residence and into another. Employees may need to temporarily store their belongings before finding suitable housing in their new location. Covering the cost of storage facilities can relieve employees of logistical challenges and financial burdens. This support will also acknowledge the practical challenges of relocation, and show that the company is dedicated to easing the transition.
Cover relocation costs
The financial impact of relocating is substantial. Including expenses like packing, moving, transportation, and even temporary lodging. While the company may not be ready to cover all relocation costs upfront, offering to partially cover some of these costs can significantly reduce financial stress for employees. Plus, when employees have pets, there is an additional cost that comes from moving them as well, so you will need to look into that to see if you can help with this.
Currently, businesses can claim an annual tax-free relocation allowance of £8,000 per year for each employee. However, this is only valid for existing employees.
Trustworthy real estate agency
Navigating the housing market in an unfamiliar location can be overwhelming. As such, businesses can choose to support relocating employees by connecting them with a reputable real estate agency. This can be a game-changer for many relocating employees, as it can be tricky to look for accommodation while still living in a different city. Having a real estate contact that they can rely on and that the business trusts can be invaluable when it comes to navigating the local market, regulations, and finding the best option for their budget and needs.
Temporary accommodation
More and more businesses are happy to provide temporary accommodation to their relocating employees. This can be part of a business strategy to ease the relocation process. The company can keep a business flat furnished and available for these situations. Similarly, this type of housing can also be a great deal winner when inviting remote clients or partners to meet your team.
For employees who are moving for work, a temporary accommodation allows them to get used to their new environment without rushing into a housing decision.
Spousal and family assistance
Relocating affects not only the employee but often their families as well. Providing support for the employee’s spouse in finding job opportunities, connecting with local community groups, or accessing resources for children’s education can significantly enhance the relocation experience.
For instance, businesses can use their professional networks to share the CV of their employee’s spouse and boost job search. Similarly, the HR team can also prepare an entire informative deck of local schools for relocating parents.
Asking your employees to relocate can be a difficult discussion and can lead to a high turnover rate. As such, businesses need to demonstrate their willingness to accompany their team through the difficult process of moving homes.