Relocation Penalties

38
Relocation Penalties TOUCHDOWN T O U C H D O W N

description

Football isn't the only thing with penalties - relocation has a few of its own!

Transcript of Relocation Penalties

Page 1: Relocation Penalties

Relocation Penalties

TO

UC

HD

OW

N TO

UC

HD

OW

N

Page 2: Relocation Penalties

Turns out, football isn’t the only thing with

penalties.

Page 3: Relocation Penalties

Guess what else has penalties?

Page 4: Relocation Penalties

You guessed it…

Page 5: Relocation Penalties

RELOCATION!

Page 6: Relocation Penalties

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

Page 7: Relocation Penalties

GREAT! We aren’t either.

Page 8: Relocation Penalties

Let’s dive into some of the penalties

employers can make with their relocations

Page 9: Relocation Penalties

PENALTYFLAG!

Offering lump sumwith no guidance

TO

UC

HD

OW

N TO

UC

HD

OW

N

Page 10: Relocation Penalties

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

Page 11: Relocation Penalties
Page 12: Relocation Penalties

…most of the time.

Page 13: Relocation Penalties

Imagine trying to build a car without instructions

Page 14: Relocation Penalties

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

Page 15: Relocation Penalties

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

guidance is like for your transferees.

Page 16: Relocation Penalties

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.

Page 17: Relocation Penalties

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

efficiently and effectively.

Page 18: Relocation Penalties

Don’t leave your transferees stranded.

Give them guidance!

Page 19: Relocation Penalties

PENALTYFLAG!

Thinking of your transfereesas policies instead of people

TO

UC

HD

OW

N TO

UC

HD

OW

N

Page 20: Relocation Penalties

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

renters, or homeowners,

but as real people with real needs.

Page 21: Relocation Penalties

We recommend determining all the different types of transferees you have

and categorizing each of their policies accordingly.

Page 22: Relocation Penalties

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.

Page 23: Relocation Penalties

PENALTYFLAG!

Not agreeing that THIS is the best part of

the game:

TO

UC

HD

OW

N TO

UC

HD

OW

N

Page 24: Relocation Penalties
Page 25: Relocation Penalties

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

Page 26: Relocation Penalties
Page 27: Relocation Penalties
Page 28: Relocation Penalties
Page 29: Relocation Penalties

Okay, okay. Back to relocation…

Page 30: Relocation Penalties

PENALTYFLAG!

Ignoring your rentersTO

UC

HD

OW

N TO

UC

HD

OW

N

Page 31: Relocation Penalties

Your renters make up 61% of total transferees

Page 32: Relocation Penalties

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.

Page 33: Relocation Penalties

Don’t forget about your interns and temporary employees

who may be on short-term assignments.

As we have said before…

Page 34: Relocation Penalties

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

Page 35: Relocation Penalties

Relocating is relocating.

Page 36: Relocation Penalties

And the pain points are still the same.

Page 37: Relocation Penalties

We hope you have learned which

penalties not to commit in your

relocations TO

UC

HD

OW

N TO

UC

HD

OW

N

Page 38: Relocation Penalties

Happy relocating!