This will hopefully be the first of many interview speaking to people in the industry about corporate relocation and moving.
Our first is with Jill Heineck. With over 17 years leading an accomplished real estate team specializing in executive relocation, Jill brings a unique perspective to the industry. Jill has compiled significant career achievements across the full spectrum of residential real estate and relocation.
Which aspects of the move should the company take care of?
In order to have full engagement, focus and continued loyalty during a transfer, the company should undoubtedly take care of the households goods (direct bill), a minimum of 1-2 buy trips, 60-days temp housing, and at least one new location area orientation session (min 1/2 day).
Which aspects of the move should the employee take care of?
It depends on the move, and the level of employee.
What advice do you give to those who move with small kids?
It is important to clue children in about the move from the very beginning. Several companies I have worked with have incorporated neat children’s programs to help parents with the moving conversation.
What advice do you give to those who move with pets?
Be sure to inform the company that you have pets to move just as you accept the transfer. Ask to have pet relocation included. Be reasonable!
What common mistakes do employers/employees make when it comes to relocation?
They cut corners by either offering a measly lump sum that barely covers the household good move, or a minimally administered transfer. Then they expect the employee to manage parts of the relocation, figure out where to best allocate lump sum funds while working in the new role effectively and efficiently. It’s not possible. There has got to be some more company help (via an RMC or not) and attention to the details of the move, lump sum or not, if the company expects a fully functional and productive employee on the job quickly.
What advice do you give to people who are seeking corporate relocation?
Seek transparency. Be transparent.
What about under-rated/over-rated relocation destinations?
In terms of under-rated, Hong Kong was a scary prognosis for one family, but once they got there and assimilated into the American community there, they lived the life of kings! (And didn’t want to leave when their three-year assignment was over!)
In terms of over-rated, the thought of sun, sand, and celebrity in Los Angeles was exciting; but the reality was traffic, work and rare sightings. The prospect of no snow and affordable housing in Miami was alluring for another young single executive, but the reality was sweltering temps most of the year, and much higher home prices.
What things should people take/not take with them when they move?
Don’t take livestock, plants or household chemicals. Think of a transfer as a fresh start….toss things you haven’t used in six months or more. This is an opportunity to shed things that are no longer necessary in your life.
What advice/suggestions do you give when it comes to someone selecting a moving company?
Don’t be afraid to ask questions. Request all fees to be line-itemized. Select those that have temporary storage options in case your move is delayed.
Thank you Jill!