Several issues can affect global mobility for companies that relocate employees.
Immigration and visa requirements
Companies that relocate employees to other countries must comply with the immigration and visa requirements of the host country. This can be complex and time-consuming, and failure to comply can result in legal issues and fines.
Moving to a new country can be a significant adjustment for employees and their families, especially if there are substantial cultural differences. This can lead to difficulties adapting to new customs, language barriers, and homesickness.
Housing and cost of living
Finding suitable accommodation in a new country can be challenging, and the cost of living may be higher than what employees are used to. This can create financial stress and affect employee morale.
Health and safety concerns
Employees and their families may face health and safety risks when moving to a new country, such as exposure to new diseases or political instability.
Tax and legal issues
International tax laws and regulations can be complex and vary from country to country. Companies must ensure their employees comply with local tax laws and regulations to avoid penalties and legal issues.
Relocating employees can be costly for companies, and retaining them can be challenging if they need help adjusting to their new surroundings.
Employee retention is a critical issue for companies that relocate employees. Relocating employees can be costly and time-consuming, and losing them shortly after the move can be frustrating and expensive. According to a 2020 study by Atlas Van Lines, the average cost of an employee relocation within the United States is $87,600. In this blog post, we’ll explore why employees may struggle to adjust to their new surroundings and provide some tips on how companies can retain these employees.