Accounting Services

Relocating a New Employee? Here’s How to Make the Expense Less Painful for Them

Companies spend an average of sixteen million dollars to relocate new employees each and every year, so you aren’t alone in trying to help employees make the transition to a new job and place to live. You probably don’t want to risk paying for an entire relocation for a new employee who has yet to work a day for you. But there are a few perks you can offer to help make the relocation expense less painful on them.

Look for Corporate Movers

One of the most inconvenient and time-costly parts of moving to a new place is the actual transporting of household items. Providing corporate moving services as part of the perk package for the relocation will take some of the stress off your new employee, so they can focus more on getting acclimated with your company and preparing for their job.

You can find corporate movers who are willing to do everything from pack up the boxes and load them on to the truck, to transport and unpack the boxes where the owners prefer. But even just springing for the loading, unloading, and transporting of their stuff is a substantial benefit for your new employee to look forward to.

Offer a Small Bonus After the Move

As mentioned, it’s not smart to invest a lot of money into relocating your new employee because you don’t have any assurance that they’ll stick around for as long as you would like. And in the same respect, employees need a little push to help them feel like it’s worth moving to a new area to work for you.

Create a win-win situation by offering a bonus for the move after your new employee has been around for a certain amount of time, such as three or six months. You can even provide an incremental bonus; offer a small bonus at the one month mark, another at three months, and again at a year. This not only ensures that the employee sticks around, but it also gives them something to work toward.

Provide a Few Relocation Services

Put together a package of relocation services that your new employee can take advantage of upon moving to their new area. This can help take care of some of the costs associated with the move, and also help the employee and their family adjust more easily to their new surroundings. Consider offering a package that includes some of the following:

  • Cleaning services for the first few weeks or months
  • Personalized mapping services
  • Spousal employment assistance
  • Daycare assistance
  • Coupons for food and entertainment

Covering initial veterinary costs and offering other pet services (boarding or babysitting) during the first few weeks of the move can be a huge help to pet owners, and offer them some much needed peace of mind.

It’s also helpful to have a profile made up of the area your new employee will be living in so they know what to expect upon arrival. Provide information about the schools, crime rates, and other pertinent data available for micro-areas in the region, so they can better decide where exactly they’d like to move. You may also want to include the following topics in the profile:

  • Local church availability
  • Information about going rates for gas and other necessities
  • A directory for restaurants, laundromats, and amenities like post offices

The more information your new employee has about the place they’ll be living in, the easier time they’ll have adjusting once they get there so they can focus on work.

The perks outlined here will not break the bank, and they don’t require a long-term investment that would be compromised if your new employee does not end up sticking around for the long haul.  

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