Employee relocation plays a pivotal role in modern workforce strategies, enabling organizations to attract top talent, expand into new markets, and build diverse teams. However, it also presents complex challenges that can affect costs, productivity, and retention -- research indicates that for companies with 10,000 employees, improving first-year relocation retention by 100% could save $13.5M in operational costs. 😳
Pivt Enterprise, a VEST Her Ventures portfolio company, teamed up with Corporate Relocation International, LLC - CRI and Researchscape International to launch the first survey of over 100 HR and relocation professionals on the Impact of Relocation and Retention. Key insights:
✅ Cost is the #1 priority of relocated employees, yet only 37% track ROI.
✅ 82% think relocation providers could partner more to evaluate retention.
✅ 67% of HR leaders lack resources to address retention proactively.
✅ Only 52% track the retention rates of relocated employees.
To learn more, check out the full research report (link in comments) or connect with Lynn Greenberg, founder of Pivt