When developing relocation policies, a company naturally has to make decisions. Is your goal to compress costs or attract top talent? If you decide that cutting costs is more important, fine. But you have to be aware that in relocation, there is a point where cost-cutting becomes extremely counterproductive. It's relatively easy to quantify hard-dollar savings. But it is difficult to quantify how much eliminating or limiting key services actually costs you in the long run. If you reduce the budget for relocation services, you have to have a way to determine how much that reduction is going to cost you in non-productive employee days. One important step thing companies can take to avoid this problem is to qualify their relocation services provider by determiniing if they offer a comprehensive tracking system to gather feedback and document every reason why candidates do or do not accept a position.

The secret to eliminating hidden costs in relocation is to make certain that everyone in the company - from the chief executive down to the administrators in the Human Resources department - is aware of what's most important to the transferee. Armed with this intelligence, you will have a tremendous advantage over your competition in "The Talent War" to attract, retain and deploy the best people available.

About Capital Relocation

Capital Relocation Services enables companies to bring a strategic advantage to their recruiting, retention and talent management systems. By partnering with our clients, we ensure that they get their people where they want them, when they want them, at the lowest total cost and the least stress on all parties. Capital Relocation Services matches its expertise in relocation management issues with a unique ability to understand the business results that a relocation program needs to provide. We've created The Low-Stress Relocation Program™ to deliver superior service, customized to each client's specific needs.