How to Measure Your Relocation Program’s Success
While relocation packages are an excellent incentive for talent acquisition, they can get costly if done incorrectly. It is a big investment with equally great returns if handled properly, but it also comes with a myriad of challenges. Visas, logistics, costs…these costs can quickly add up. So come the questions: Where can you get relocation assistance? And how do you measure the success of your relocation program?
“Good enough” is not a thing in business environments—how do you define “good,” to begin with? In our ever-changing world, metrics are kings. Before executing any business plans, one has to plan diligently and prepare for any issues that might arise in the future—and not just the immediate future. That’s where measurable goals come into the picture.
Minimizing expenditure is an art in itself—and believe us, costs can quickly add up while relocating talents. Visas, legal fees, tax compliance, household goods transportation…there are induced costs every single step along the way, and the whole affair can soon turn costly.
Here at Clearmove, you can receive a cost estimation of the services required, allowing you to keep full track of your expenditure. Through our dashboard, you can keep an eye on the costs of every individual service and adjust the policies accordingly. Go through our lists of suppliers, set a budget, and monitor the expenditure every step along the way.
A frustrating relocation experience can quickly turn talents away. Therefore, it is important to ensure that your talents enjoy a smooth relocation experience. On top of that, oftentimes it’s already too late when you hear a complaint—never wait for things to escalate.
From boarding to moving in, through Clearmove you can keep track of every single step—not only that, through our instant messaging function, you can stay in touch with the assignees as they move from one location to another, ensuring that everything goes as smoothly as possible. It’s also possible to survey your assignees afterward with the records that are safely stored at Clearmove should any issues arise.
Turnover Rate Assessment
Relocation is a grand decision for a lot of people—talents included, and it takes time for people to adjust to new environments. Therefore, when it comes to relocating your talents, it’s important to evaluate the long-term success of your program.
As a starter, after the relocation you can start tracking the turnover rate at various intervals—after one month, half a year, and one year respectively, for example, and pitch the turnover rate against the number of employees you have.
Don’t remember when the relocations took place? Simply head back to the Clearmove dashboard and look at past assignments.
Relocating your talents might appear to be a daunting task, but Clearmove is here to provide the relocation assistance you need. Through our data integration, everything is streamlined and automated, providing you with a seamless relocation experience.
Interested in our integrated relocation solutions? Reach out to us for a demo!