As corporations continue to adjust to the new economy, a result has been an increase in mergers, acquisitions, and restructuring. These changes have produced a growth in relocations, often involving complete departments and groups of employees. What’s an extremely interesting challenge for human resource leaders is that the growth of these “group moves” comes at a time when employee reluctance to move is at an all time high. When you factor in high expense and that top talent is often involved in these initiatives, significant risk exists. Those risks, multiplied when you consider a group move, can include hard costs of up to $1 million for a failed relocation, the loss of key talent, and the inability to complete a key business assignment. Success today requires a complete business and talent management strategy that outlines objectives, uses the most current geographic data, and defines a support plan for employees. What new approaches is your company using to maximize relocation investments from a business perspective while supporting employees with a significant personal change?
Greg Harper
President
Runzheimer International

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