In today's global business landscape, employee relocations are increasingly common — but did you know that up to 15% of employees in an organization relocate yearly, with many of these moves happening without proper support? A new whitepaper reveals the staggering costs and risks associated with these unsupported relocations, and the numbers are eye-opening.
Our research, conducted in collaboration with the London Business School community, uncovered that companies with 30,000 employees could be losing up to $30 million annually due to unsupported moves. But how is this possible? The math is startling:
The costs aren't just financial. Our research revealed a dramatic difference in employee satisfaction between supported and unsupported moves:
Unsupported moves expose organizations to serious compliance risks across multiple areas:
The good news? Technology-driven solutions, like Benivo, now enable essential relocation support at a fraction of the cost of traditional methods. Modern digital platforms can help organizations:
Want to discover the full scope of this challenge and learn how leading organizations are addressing it? Download our comprehensive whitepaper.
Contact Benivo to learn how we can help you reduce this unexpected cost.