A recent article in The Oklahoman referenced a group move that WRRI is overseeing for a client moving its headquarters office to Oklahoma City. We mention it here because it’s an excellent example of a company offering the right mix of relocation benefits to its mobile employees. After all, the objective in any corporate move should be to keep employees focused on and productive in their jobs, not worrying about whether or not they can sell their homes.
You can read the complete story here. But here’s a brief sample:
The Metcalfs placed their home on the market in November 2011. After 90 days, there were no takers, and the couple sold their home to Weichert Relocation Resources, a New Jersey-based relocation company working with Continental on the move and its employee real estate transactions.
“That program was our saving grace,” Metcalf said. “It was a safety net to have that buyout option. It allowed us to have significant flexibility as to when and where we would be able to move back.”
Before listing the home, the Metcalfs knew exactly how much Continental would pay and when it would pay for the home if it didn’t sell quickly.
Armed with that knowledge, the couple quickly began looking in Edmond, buying a new home in December.
“Knowing that we weren’t going to take an adverse financial hit took so much uncertainty out of the process,” said Metcalf. “Taking the financial uncertainty out of the equation allowed us to focus on the schools, the neighborhoods and things of that nature.”
Relocating just one employee can sometimes generate enough stress to power the eastern seaboard. Multiply that move by ten or twenty or one hundred employees and make it international in scope, and you’ve got a situation that can reduce even the most hardened HR professionals to Tagamet junkies.
In the latest WRRI Next Practices Podcast, Denis Kerrigan, Global Staffing and Program Talent Manager with AB-InBev, discusses his experiences in overseeing the transition of employees from six global zones to the company’s new management center in New York City. As Kerrigan notes, “We’re not just moving people around for the sake of moving them. We’re deploying our best talent to build our business and become the best beer company in a better world.”
Whether you’ve had the pleasure of managing the logistics for such a move, or fear you may be doing so in the future, you’ll find his insight valuable. Check out the podcast by clicking the arrow on the player below, or simply download it here.