#relocation policy

The logistics of relocation are rarely easy for the employees being relocated, or for the HR managers organizing the relocation process. Your choice in a relocation management company—along with the service providers that company selects to assist with the relocation makes a tremendous difference.

When shopping for relocation service providers, you want a company whose relocation services make the move as stress-free as possible. A successful relocation process should:  

Aid in your company's recruiting and retention initiatives.

Make the relocation process low-stress for your company and the transferees

Get transferees fully engaged, and focused on their new job, sooner.

Help maintain productivity of the HR employees and other staff involved in the relocation process.

Keep relocation costs down.

Be consistent across your company, while offering flexibility to keep transferees satisfied.  

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Most business owners and managers know that understanding taxes, tax laws, and regulations is best left to the professionals. This is especially true when you are talking about relocation policies and tax gross up. It's important to hire a Relocation Management Company (RMC) who will follow through from beginning to end of the relocation process, including gross up tax assistance.  

The Danger of Inaccurate Relocation Expense Reporting and Gross Up

Inaccuracies in reporting of relocation expenses and tax gross up can lead to a myriad of problems. Accounting departments often use a method called tax gross up so employees don't face tax burdens on relocation expenses covered by the company. Essentially, the amount provided to employees for relocation is enough to cover the related taxes from that income, as well. While tax gross up is a legitimate business practice, if it's not handled properly, gross up inaccuracies can lead to an audit, which could adversely affect your entire company. Don't take chances with a relocation management company that doesn't follow up with gross up tax assistance.

George, H. Herriage shares how personal touch with CapRelo's clients is important.

George H. Herriage SCRP, SGMS  »  Senior Vice President

Since 1985, George Herriage has held positions in all areas of the relocation management industry, in both corporate and government sectors, and has over 30 years of real estate experience.  His range of responsibility is client-centric, as well as operational. Mr. Herriage is responsible for client development support for corporate and government clients. He is also responsible for service delivery to transferring employees. Herriage oversees staffing and training for client development and expense administration. He has ultimate responsibility for inventory and supplier management, as well as other day-to-day operational activities.

If you've ever moved, you know how stressful—and expensive—it can be. If part of your job is helping other people in your company to relocate, then you're intimately familiar with relocation costs and the myriad of other challenges that go along with relocating.

Using an outside firm like Capital Relocation Services can help your company keep relocation costs in check and help you measure the true ROI (return-on-investment) of relocation costs for employees or new hires—and their families.