3/11/2023 0 Comments Flexify for corelToday’s employees-millennials, in particular-are skeptical of one-size-fits-all solutions. Of course, traditional concerns, such as accommodating spouse/partner needs (career issues, schools, etc.), continue to be obstacles to relocation.įor companies, these realities require a great deal of creativity. Business travel and extreme commuting sometimes substitute for permanent moves.įor those employees who are open to relocating, post-recession home values have increased rapidly in many popular relocation destinations, making them unaffordable for many newcomers. Technological leaps have made virtual work widely accepted and even the norm in some industries. Employees do not necessarily feel like they have to relocate to enjoy a successful career. Today’s thriving economy and evolving workplaces have created different relocation considerations than even ten years ago. When structured thoughtfully, core-flex can be a successful hybrid of choice and company control. Nevertheless, they eliminate some of the pitfalls of a completely free hand: the hassle of sourcing suppliers, service quality and performance issues, expense overruns and work distraction. They value personal control and dislike corporate mandates.Ĭore-flex relocation programs do not give transferees the unfettered freedom associated with non-managed lump sums. For their part, millennials are accustomed to an array of choices in almost every aspect of their lives. Recruiters and hiring managers who are eager to sign the best talent need every tool at their disposal, including mobility benefits that make relocation more attractive. Two major factors are driving the need for more agile mobility programs: the keen battle for talent in a full-employment labor market and the growing population of millennial transferees. Along with lump sum packages, core-flex programs are an increasingly popular way to add flexibility and align mobility benefits with employee needs. As the name suggests, core-flex incorporates a defined, core relocation benefit and a flexible selection of optional benefits to supplement this core. The core-flex model has become one of today’s most talked-about employee relocation programs.
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