Relocation TRIP® Kit Services

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Relocation Options for Transferees

Outsourcing: Regardless of the relocation policy in place at your company, chances are you either have or are considering outsourcing this aspect of your business. The Relocation TRIP® Kit may provide just the right level of support you are looking for.

Lump Sum: In an effort to control costs and reduce administrative overhead, many companies have chosen to provide transferees with a lump sum and/or partial reimbursement, with much of the leg-work and administrative burden becoming the transferee’s responsibility.

Fully Paid: Some companies provide their transferees with a relocation package that covers most, if not all, of the expenses associated with a company requested relocation or new hire placement.

Combination: Other companies have implemented a relocation policy that combines the use of full and partial expense reimbursement based on level, compensation, exempt/non-exempt and new hire status.

The marketing of the Relocation TRIP® Kit through corporate HR managers is an excellent starting point. As so many benefits in the corporate world are being reduced due to cost-cutting measures, it is always nice to be in the position of offering a replacement benefit. Referrals from the service providers themselves will also offer an exceptional opportunity to capture new business.

Relocation TRIP® Kit Benefits

• Cost-effective relocation services alternative for corporate related moves. See: Cost Comparison & Relocation Impact.
• Comprehensive flat-fee package including coordination of departure, transition, destination and settling-in services can be made available to all employees.
• 24/7 Internet access to a personal relocation database file helps the transferee track 100+ aspects of his or her move including expenses -- which is a unique capability in the relocation industry.
• Implementation complements your existing fully reimbursed company plan/policy.
• Simple Moving and Relocation Services Agreement between your company and BHIF Relocation Group -- no complicated contracts.
• HR department involvement ends with product purchase. BHIF works directly with the transferee who decides which services, credits and rebates will be used.
• A Personal Relocation Counselor will help each transferee coordinate the move and manage their budget.
• Eliminates company liability for transferees not covered under a relocation plan/policy.
• Improved employee benefits with reduced perception of discrimination.
• Ready to install custom Intranet pages with your company logo.
• A company benefit offered for personal use by transferees, employees, and retirees.

Corporate Relocation Costs & Productivity Impact

(Source: 2002 ERC Survey / Mobility Magazine – Most Current Consolidated Report Available)

“Since the normal relocation process takes from three to six months, this is a long time to have an ineffective employee. The above table demonstrates the potential loss of productivity and the estimated cost to the company over that time period. Imagine the cost savings if a company provided additional services to reduce the “loss of productivity” period from six months to only three.”
Terry Baxter Davis, SCRP

The Relocation TRIP® Kit is designed to help reduce valuable employee time away from work and family.

Updating for the four years to 2006 should start with the 2002 base and allow for average yearly inflation. It can be expected that another report reflecting significant update changes on an independent and consolidated basis will be available within 6-8 years.

For HR Departments (or Equivalent)

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• Departure
• Transition
• Destination
• Settling-In