Budgeting for Relocation
1/Budgeting for Relocation If you’ve ever moved, you know how stressful—and expensive—it can be. If part of your job is helping other people in your company to relocate, then you’re intimately familiar with relocation costs and the myriad of other challenges that go along with relocating. Using an outside firm like Capital Relocation Services can help your company keep relocation costs in check and help you measure the true ROI (return-on-investment) of relocation costs for employees or new hires—and their families.
A/ Cost Estimating and Budgeting Tools: Capital Relocation Services uses a number of cost estimating tools and budgeting tools, plus online expense reporting, as part of the company’s proprietary, low-stress relocation process. The six-phase Low Stress Relocation Process emphasizes supporting clients and their relocating employees in order to retain them for years after the move. It’s all about keeping relocation low-stress and ROI —for employees, their line managers, and the company! Relocation costs are not one-size-fits-all. Capital Relocation Services uses a process that determines each relocation cost estimate based on company policies, and also takes into account factors that may vary with each employee or new hire. Relocation costs are generated from historical data and supplier input to create benchmarks for budgeting, but never neglect the individual’s unique needs. Whether you’re bringing in one shining star or relocating a whole department to a new office in a different region, low-stress relocation is easier with the right budgeting tools and a relocation calculator. Let’s take a look at how to do it.