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Assisting Decisions Regarding Employee Relocation with Facts and Figures

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There are so many variables to keep track of when trying to make a decision about employee relocation, without facts and figures to assist your decision making process, you might as well just flip a coin. Not only do you need to be aware of all the things your employee relocation package is offering you but also, everything that it doesn't include that you might need it to.

Any offer, whether it's from a current employer, a prospective employer or a corporate headhunter, should be considered first in the context of cold hard cash. Will you be getting a pay raise? How does that compare to the cost of living in the new area versus your current level of expenses? Even if you're able to make a profit on the sale of your home, will you be able to buy a home in the new area with the proceeds? When considering the cold hard cash aspect of employee relocation, facts and figures are indispensable. Making a chart to assist your decision making process is never a bad idea.

You'll also want to consider how it will impact your personal life. If a young single person, this might mean very seriously contemplating the quality of life in the new town versus your current home. You may have personal relationships or family duties that make such a move impossible. On the other hand, you may be craving life in a bigger city or a more temperate climate. For those who've not set down root yet, the best thing that could happen to you might be employee relocation, facts and figures be damned.

On the other hand, a more rational approach is usually called for when dealing with mid-career executives and those with families of their own. Not only will the wishes of a spouse and children need to be considered, but when considering a package that includes employee relocation, facts and figures that suggest it might be to your financial advantage to do so will be of little use if your spouse is dead set against it.

In the end, it will take a long time to make a list of all the expenses that you might incur during employee relocation. Facts and figures don't lie, though. Be as thorough as possible when considering an offer of assistance. If it's not in writing, then it's just a promise. Once you have a piece of paper that gives you a clear outline of what you will and won't be paying for, who will be assisting your with the move, what services are not covered and what you'll be responsible for paying taxes on (never, ever forget the tax man), you'll have a better idea of just what a good idea this opportunity really is.
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Employee Relocation Problems News

Have job, will travel? - Globe and Mail


Globe and Mail

Have job, will travel?
Globe and Mail
... the Canadian Employee Relocation Council, a Toronto-based human resources advisory group that commissioned the survey. Even though unemployment remains historically high, sheer demographics are making talent shortages a growing problem in Canada.

and more »

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Language edict found tricky for foreign managers - swissinfo.ch


swissinfo.ch

Language edict found tricky for foreign managers
swissinfo.ch
You have to reach a certain level of fluency so as not to feel ashamed to speak in that language,” Sabine Baerlocher of Active Relocation, told swissinfo.ch. A straw poll of four multinationals in Switzerland – ABB, Nestlé, Novartis and Roche - found ...

and more »

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Schneider plant in Ayr announces closure - Cambridge Times


Schneider plant in Ayr announces closure
Cambridge Times
She said Maple Leaf employees in Mississauga earn much less than the $17 an hour she does. “If I make only $10 an hour and have to drive an hour, that doesn't work for me,” St. Clair said. The relocation of some operations to Brantford won't result in ...

and more »

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Half of employees globally open to working abroad - Reuters


Moneycontrol.com

Half of employees globally open to working abroad
Reuters
Ipsos, which conducted the poll on behalf of the Canadian Employee Relocation Council, questioned people in Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, ...
Two in Ten (19%) Global Employees 'Very Likely' to Take Full-time Job Abroad ...Ipsos News & Polls (subscription)

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Live Midtown: Subsidies drive residential demand, new development in Detroit ... - The Ann Arbor News - MLive.com


The Ann Arbor News - MLive.com

Live Midtown: Subsidies drive residential demand, new development in Detroit ...
The Ann Arbor News - MLive.com
Live Midtown isn't the only example of programs that institutions and private companies are developing to encourage employee relocation. University of Detroit-Mercy sponsors a program which financially aids their employees to buy near any one of the ...

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