Corporate Employee Relocation Policy Experts
Our relocation consultants take the time to learn your culture and work closely with your HR and leadership team. NRI’s corporate relocation policy proposal covers the competitive environment, cost containment options, industry best practices, and more.
What is a Corporate Relocation Policy?
An employee relocation policy details the company’s compensation for employees’ relocation expenses, including moving, housing, transportation, immigration, and more. This financial commitment usually comes in the form of provided corporate relocation services, reimbursements, or a lump sum payment.
The relocation policy will also set standards for eligibility for various levels of corporate relocation assistance, timelines for the transition, and procedures to address any issues throughout the process.
NRI’s Process: Crafting Your Company’s Relocation Policy
NRI’s goal is to design an employee relocation program that provides confidence for your organization, supports talent recruitment and retention objectives, and is right for your company.
NRI’s Policy Consultations Include:
Alignment of cultural and financial objectives
Custom policy language
Creation of single or multiple policy tiers
Offer letter templates
Continuous benchmarking to national averages and major business sectors
Recommendations for annual policy updates based on trends
Access Worldwide ERC Policy Tools
The Importance of an Employee Relocation Policy
A corporate relocation policy also provides clarity between employees and their company and ensures a fair, efficient, and consistent relocation process and compensation. According to SHRM, “a written policy prevents favoritism and pressure from managers to provide different treatment for their own hires or preferred employees.”
The Benefits of a Corporate Employee Relocation Policy
- Attract Top Tier Talent
- Support Employee Productivity
- Enhance Company Culture & Values
- Retain Employees Long Term
- Control Costs & Budgets
- Maintain Legal Compliance
Types of Employee Relocation Policies
Lump Sum Relocation Policy
However, this type of relocation policy has drawbacks. Learn more about lump sum relocation policies.
Employee Relocation Reimbursement Policy
However, corporate relocation reimbursement policies can cause uncertainty & friction between the employer and employee. Here’s what you should know about a reimbursement approach.
Managed Corporate Relocation Services Policy
U.S. Domestic Relocation Policy
Global Mobility Relocation Policy
NRI Relocation will help your organization choose global mobility policies that include all the services for an international employee move: