This move – whether mandatory or optional - can often be emotionally stressful, physically taxing and financially draining. Offering economic support during this time is a logical (and likely the easiest) first step. It is not only a matter of common sense, it is a sign of smart business sense: It alleviates a serious burden, easing an otherwise difficult move and comforting an otherwise overwhelmed individual or family. In so doing, you will have a more relaxed - and logistically prepared - employee, who is hopefully eager to start his or her job. Lightening the financial and logistical load will certainly free an employee’s mind to focus more fully on their new workload.
Regarding employee productivity and longevity, however, companies oftentimes don’t recognize how crucial their emotional and mental wellbeing can be both on the business’s bottom line but also on employee retention. These less tangible stressors can have the most impact on an employee’s long-term success and therefore are necessary and vital investments for a company to make. This is especially true for employees who relocate with families, who each shoulder their own emotional and mental stressors that ultimately impact the family unit as a whole. Bear in mind that, according to the 2015 Worldwide ERC US Transfer Volume and Cost Survey, the top source of stress associated with relocation is "family resistance to the move."
This is our bread and butter here at Essential Engagement Services (EES). While logistical and financial assistance are incredibly helpful in making a move easier for employees and/or their families, once these areas are provided for, no other service or investment has more impact than that of looking to support their mental and emotional wellbeing. Companies that provide access to support networks and systems to address employee mental health, stress reduction, and familial well being see a significant improvement in employee productivity, mental stability and overall company ROI. With the help of EES, a company can rest assured that their employees have access to top resources and services for themselves and each member of their family.
The ultimate goal for any company is to ensure that their employees are able to handle day-to-day tasks without the upheaval that can come with relocating to a new job in an unfamiliar city or company. Unhappiness and stress can lead to increased disengagement from a project and result in subpar work; with disengagement, employee morale and retention suffer. By alleviating an employee’s logistical, financial, as well as emotional stressors, you are sure to have taken a holistic approach to setting them up for ultimate success and long-term employment. Remember, too, that less stress results in less sick days, lost time and squandered capital – an environment that is most efficient and effective.
Investing in the support of all aspects of an employee’s move is one of the smartest financial decisions a company can make. The rewards will be many, the dividends several and the personal satisfaction too great to count.