As businesses spanning a multitude of industries continue to expand their operations across the map year over year, employee relocation becomes less of a novelty experience for a select few, and more of an integrated step in the professional process for many employees. Relocating for work can certainly be exciting for employees, especially when it’s linked to a step up in job title or a brand new position in a company they’ve been interested in for a long time. However, it’s impossible to overlook the fact that the process is understandably often equally daunting.
There’s a lot to consider when you’re making plans to relocate for work. In addition to the worries that can inevitably come with starting a new role, those who are relocating are faced with setting up their life in a new city, meeting brand new people, and potentially moving their entire family as well. Yet another big part of the stress around the relocation process for employees often focuses on finding just the right temporary housing while searching for a new forever home. To that end, when companies can land on great corporate relocation rentals for employee relocation, the chances of creating a smooth landing for new hires and keeping great employees as part of the team for years to come greatly increases.
Leaning into Corporate Relocation Rentals Is Key to Establishing Easy Onboarding Practices
In the past, many companies integrated standard extended stay hotel bookings for new hires who were relocating for work. This was done primarily because it was the most accessible option. While this approach was certainly viable, it was often less than ideal thanks to busy hotel setups, mass-produced furnishings, and environments that simply weren’t welcoming, convenient, or comfortable enough to truly make employees feel at ease upon arrival. These days, companies are recognizing the value and positive effect of incorporating corporate rental solutions into their relocation process for new employees instead. When you want to ensure your new hires know that they’re a priority from day one, and that their arrival is seamless, a corporate rental is a great way to set the tone.
Benefits For New Hires and HR Professionals Go Hand-in-Hand
In many ways, when new hires find a fully furnished corporate rental lined up for them in their new city, they’ll automatically link this positive experience to what they can come to expect from their future with the company too. Having a corporate rental in place for new hires in a convenient location to the office indicates to new hires that the company wants them to be comfortable and successful from the start. It’s also an indication that a company values their own ability to reduce employee stress in a time of great change and transition. Of course, there are many benefits for HR teams who are booking those corporate relocation rentals for new hire relocations too. Instead of being limited to standardized long-stay hotels, corporate rentals provide HR professionals with an opportunity to expand their portfolio to fully furnished homes, apartments and condos that are not only welcoming and set up with comprehensive living standards in mind for employees, but readily accessible across great local neighborhoods. Picking a rental of this type for new hire relocations puts a more human-focused emphasis on the process over simply making sure housing is something that’s checked off the to-do list. Happier employees from the start means less issues to intervene on during the relocation process, and greater chances of employee retention over time, greatly cutting costs on having to hire new employees in large numbers over short timeframes.
A Fully Furnished Stay Makes a Huge Impact for New Hires
Unlike long-stay hotels which are set up to accommodate a mass number of travelers all year long, corporate rental solutions are designed to be authentic home-away-from-home experiences. When companies lean into these options over traditional hotel models for new hires, employees who are just starting out will find that upon arrival in their new city, they can easily settle into a space that’s set up with a full collection of quality, tasteful, and often stylish furnishings to enjoy too. In a corporate rental, there’s no need for new hires to worry about having to head out and find places to dine each day, pay extra to a hotel for internet access, or find time enjoy the amenities when crowd levels are diminished on-site. Instead, they’ll find they can work, unwind, and get settled in while enjoying a space that’s set up with a fully equipped kitchen in place in most cases, as well as private bedrooms.
It’s typical for corporate rentals to have all the utilities included and have Wi-Fi set up as well so guests can immediately get started on taking care of the business they’ve relocated for in the first place. The opportunity to do something as simple as cook a home-style meal on the first night in a corporate rental knowing they have everything they could need at their fingertips and a comfortable dining room to enjoy too can make all the difference in a new hire experience. This inevitably sets a positive tone for things to come and ensures your new employees will start off on the right foot from day one.
Elevating the New Hire Relocation Experience in a Corporate Rental Is a Cost-Effective Move
In addition to being a welcoming setup for new hires relocating for work, corporate rental solutions are extremely cost-effective for companies. That’s because instead of booking a corporate rental by the night for employees as you would in a traditional hotel, these property options are designed specifically for mid-term stays and can be booked by the week or month instead. Companies can see savings of anywhere from 25% to 30% overall when they opt for corporate rental solutions over hotels for new hires, leaving more room in the budget for expanding business and investing in employee wellness. Additionally, corporate rentals often come with even deeper discounts on longer stays of over a month, reducing financial burdens on all fronts further. While these furnished housing solutions provide new hires with higher-quality amenities, more space to enjoy, and less hassle when it comes to day-to-day living, they also provide HR teams with a more streamlined approach to budgeting for employee relocation. Long-term invoices are often easy to process and clearly itemized as they include all of the services, amenities, utilities, and extras upfront.
Corporate Rentals Allow for More Customized New Hire Experiences
There’s a lot to learn, absorb, and adjust to for employees who are relocating for professional purposes. When HR can secure corporate rentals for these individuals and their families instead of standard hotel stays, the options to customize the experience make for a much smoother transition. Corporate rentals are loved by many HR teams for their flexible lease terms, meaning new hires who have a big job of finding a new home for their family upon arrival don’t have to stress about being on a limited timeline. Instead, they can enjoy the peace of mind that comes from knowing they can stay as long as they need in a space that’s completely set up for their traveling crew, and take time to find a forever home in town that really works for their professional and family life.
Unlike traditional hotels where rooms are limited to a single location, corporate rentals also provide new hires with the distinct advantage of being located across a variety of great neighborhoods and communities in a city. This gives HR teams an opportunity to provide new hires with options to pick and choose where they would like to land, whether that be a more bustling area near public transportation, or a more tranquil neighborhood off the beaten path. Corporate rentals can be selected based on their prime proximity to grocery stores, gyms, restaurants, and more giving new hires a real sense of control in what otherwise could feel like a completely out of control transition. Whether new hires are looking for easy access to essential services, or they want a place they can unwind on their own in peace at the end of the day, HR teams can get to know what they really need and make it happen through a portfolio of customized rental solutions.
The Right Accommodations for New Hires Show You Value Their Work and Life Balance
A big part of demonstrating to new hires that a company values their ability to balance work and life is to provide them with corporate rental solutions on day one that speak to that need. This is especially true for those new hires who are relocating alongside their family, and will be focused not only on a new job, but making sure their spouse and children are feeling settled and welcome in a brand new city too.
Providing new hires with a comfortable and fully furnished home starting the moment they arrive is a sure way to set a firm foundation of trust with them and their families. Stepping into a welcoming space that’s comfortable, bright, set up with internet, and decorated in a cozy style can help children feel more at home, and reduce everyone’s anxiety around the move overall. In many ways, it’s a soft landing for employees with families that will reassure them they’ve made the right decision. They won’t have to waste any time trying to figure out utilities, looking for extra furniture, or trying to figure out how everyone is going to sleep well in a hotel room. Instead, they can embrace a cozy and convenient experience from the moment they walk through the door that gives everyone in their family space to settle in and process the change with ease.
Because corporate relocation rentals can also be booked in specific neighborhoods, new hires relocating with kids can select from rentals that are close to new schools they’re interested in touring as well. Being in a neighborhood setting is also an opportunity for new hires and their families to begin to socialize with neighbors, learn more about the area at a slower pace, and adjust to life in a new city in a way that really works for them.
The Success of Relocation Is a Good Indicator of Employee Retention Standards
Any company that has high turnover rates among employees knows well that this can ultimately lead to increased spending and an unfortunately toxic work culture that develops in the long run. Being able to not only attract, but maintain quality employees over the long term is a win-win for everyone involved. Companies with long-term employees will find that establishing a trusting professional culture is easier than it is when personnel are regularly changing and trying to adapt to new standards. For new hires, coming into a company packed with happy employees who have been excited to stick around and work for a company that cares for their well-being is a positive factor that can often be the deciding factor in their own decision to stay on long term.
Providing quality corporate rental solutions for new hires who are relocating is one great way to ensure high retention rates over time. The first day in a new city can set the pace for everything to come, and so can the accommodations a company provides. Making sure your new hires are settled in inviting and beautiful rental options shows your commitment to their success and indicates this is something you’ll be invested in for years to come as well. Having great accommodations in place for new hires reduces their stress overall, and when employees can focus on the work ahead, there’s less of a chance that they’ll quit before things even get started. When you offer great corporate rentals to new hires, you make steps toward building a positive company culture before an employee has potentially even set foot in the office. This is an impactful move and one that is likely to lead to more trust being built among employees and business leaders alike.
Reach Out Today to Learn More
Make sure your new hires relocating for work have a positive experience starting on day one when you partner with iHost Property Management for your corporate rental needs. Reach out today to learn more about our fantastic lineup of fully furnished rental options that will have new hires feeling right at home. We look forward to hearing from you soon!
