Jacksonville Employee Relocation Services

Employee relocations involve companies moving some or all of its workers to a different business location—a brand new one or an existing one that requires the skill sets of the transferring employees. If this is the first time that a business is relocating employees, they would need to develop a financial and logistical package to offer those workers. This can become the foundation of the employee relocation policy for future scenarios.

To find out what relocation package might be available for you, consult with your human resources department. This is a reasonable question to ask so that you can plan your move.

Relocation packages vary so widely that there’s no “typical” or “average” amount. There are, however, factors that influence its determination:

• Size and resources of the company: Larger companies, all other issues being equal, will typically offer more attractive packages than smaller ones. Businesses with more money to designate for the employee relocations, regardless of the company’s size, will have more ability to craft appealing packages with more/better benefits.
• Industries: Companies in competitive industries that recognize the value of its employees often offer a larger employee relocation package to encourage workers to go to the new location. This can apply, as three examples, in the finance, tech, or medical industries. (Note: Sometimes, relocating is optional with employees able to stay in the current location if desired; other times, the employees would need to decide to relocate to remain with the current company.)
• Competitors’ Packages: When wanting to retain top employees, companies might investigate what competing businesses are offering to at least match those benefits.
• Workplace Culture: Companies with a strong focus on retaining their quality employees are more likely to craft enticing packages to encourage the workers to relocate to the new location and keep working for the company.

Broadly speaking, there are two types: domestic relocation packages and international relocation packages.

With domestic relocations, typical elements would include a range of moving services, including professional packing, loading, transporting, and unloading services. It can also include sufficient valuation coverage to protect your household goods in transit.

As another component, a home-owning employee might receive assistance in selling their home. If the sale must be fast-tracked, the business may offer a loss-on-sale reimbursement. Companies can help with house-hunting trips, temporary housing, and new home assistance.

If employees drive their own cars to the new location, employers might pay mileage expenses. If traveling by train or car, businesses could pay for the tickets for the employees and/or their vehicles. Still other benefits could include temporary storage solutions for belongings that won’t be transported right away; school assistance for children; and so forth.

With international relocations, while the same general assistance types are the same, international ones come with additional possibilities: work visa assistance, language support, cultural assimilation help, and more.

The most straightforward approach is a lump-sum payment. Companies pay employees a set amount of money that they can use to pay for their moving-related expenses in ways of their choice. With this approach, employees have funds ahead of time to pay for their expenses.

Another approach involves expense reimbursement. Employees being transferred pay for their own moving expenses, keeping their receipts for being reimbursed for qualifying expenses, typically up to predetermined limits. As a related method, the employee secures the desired moving services, billing them directly to their employer, usually up to a certain amount.

As a different approach, companies can hire an experienced third-party relocation company like Suddath that manages the full spectrum of moving needs, providing relief to busy human resource professionals in the company. Suddath customizes unique relocation solutions for each company and their timelines, schedules, and goals via à la carte service selections. This ranges from an innovative lump sum in-transit insurance program, electronic inventory technology, a high-end VIP program, and more.

The U.S. Office of Personnel Management (OPM) provides a detailed worksheet for maximum relocation incentives based upon each employee’s years of service in the company. At a high level, your human resource department, to determine the incentive, can take someone’s annual rate of basic pay at the service period’s start. Multiply that by the percentage authorized and then by the service period length. The maximum authorized is 25 percent. With OPM approval, it can be raised to 50 percent. The figure can never exceed the person’s total basic pay.

When you choose Suddath, you’ll work with innovative relocation specialists: outstanding single point of care account managers with an average of ten years of experience in the industry. They’ll help you to make well-informed decisions, support your move throughout its progress, and keep everything on track with company performance goals. We strongly believe in a personalized customer-first focus: listening, learning, and caring before providing you with targeted knowledge, resources, and insights. Thanks to our advanced technologies, you’ll have 24/7 access to useful resources to supplement what you benefit from with our highly skilled award-winning professionals.

We offer a broad range of Jacksonville employee relocation services, ensuring that we stay fully in compliance as we mitigate risk from beginning to end, safely deliver employees’ household belongings, and securely protect their personal data.

Suddath is transparent in all we do, including in our clear, detailed pricing and our processes. If an incident ever occurs during our transportation of employee household goods, we’ll stand by our promises and provide prompt and fair claims settlements.

As a factor you might not have considered, Suddath has been a trusted, financially stable company for more than a century—and our stability continues unabated. This means that employees can entrust their lifetime of belongings with our movers and your company can proceed with us with confidence.