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Relocation: All the right moves

By Mumma, J Stephen
Publication: Workforce
Date: Monday, January 1 2001
HEADNOTE

Careful planning and the right services are key in retaining relocated employees. Heres what you need to know.

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Employers

know the costs of losing a good employee because of an unsuccessful relocation. And when the person making the move is a key executive or manager, the stakes for all parties involved can escalate.

Trends show that the push toward a streamlined, no-frills relocation policy during the nineties is giving way to more in the way of fullservice transitional support. That can be especially true for a key company person whose position poses weighty questions regarding relocation costs, the privileges of rank, and dollars versus relative value.

Spending more dollars on soft issues

For the past several years, the average cost of an employee relocation has stood at $45,000 to $50,000. For a variety of reasons-perhaps the employee has a valuable wine collection, or an antique car-the cost of moving a corporate exec. utive often runs well above the average. But the cost of relocation can involve more than just the packing and moving.

In addition, make sure to read these articles:

  • New technologies speed relocation process.
  • If you're like most relocation professionals, you've been asked to do more with less--to reduce costs but improve efficiencies. At first the two seem mutually ......
  • Outsourcing relocation services - are HR...
  • Most employers automatically assume that outsourcing their relocation services will save them time and money. And as a result, third-party relocation companies have experienced remarkable ......
  • Do lump-sum payments ease relocation hassles?
  • It depends on how you set up the program and specify use of the money. Paying a lump sum, rather than reimbursing expenses, may appear ......
  • FEATURE/Migration picture in America's Heartland...
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  • FEATURE/Atlas Cyber-House helps people on the move...
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  • Wood Bros. Moving & Storage.
  • Wood Bros. Moving & Storage, an Atlas Van Lines agent located in Portsmouth, has been purchased by Mark Harrington from Bill and Ed Walsh, and ......
  • Dollars versus value: Relocating key people
  • Relocating an employee or recruit to a new location can be risky. Aside from the stress of the actual physical move, the impact of the ......
  • Love Your Audience
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  • Atlas Van Lines.
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  • Will Relos Rebound In 2004? ``It's Likely,'' Says...
  • Business Editors EVANSVILLE, Ind.--(BUSINESS WIRE)--April 22, 2004 Corporate relocations may resume to levels not seen in several years, thanks in part to a rebounding economy, ......
  • Corporate Profile for Atlas Van Lines, dated March...
  • Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire ......
  • Atlantic joins Atlas Van Lines, marking the...
  • EVANSVILLE, Ind.--(BUSINESS WIRE)--April 14, 1997--Atlantic (formerly Atlantic northAmerican), the country's largest van line agency group, announced today that it has joined forces with Atlas Van ......
  • Corporate Profile for Atlas Van Lines, dated May 3,...
  • --(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become ......
  • Companies form partnerships for relocation.
  • As the diversity of the modern workforce grows, employers are making their employment policies more flexible to meet the wide variety of employee needs. Accommodating ......
  • Labor, economy and terrorism affect business...
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