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.”