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Inward Investment Guides
Workforce Development

Hidden Costs of Corporate Relocation: Protecting Your Assets

Through careful planning and vetting potential relocation service providers, companies can minimize hidden costs and maximize the opportunity of a business move.

Mike Gonzalez, President, Armstrong Relocation (2011 Directory)
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Accounting Practices: Line items within a relocation invoice can be overwhelming. Choose a relocation partner based on its accounting and auditing practices. Every charge needs to be easily verified to avoid overages and lapses. Complete transparency throughout the process is paramount.

Asset Management: It might not make sense to relocate all office and industrial equipment due to cost restrictions or new purchases. A relocation provider with expertise in asset management can help green the relocation by repurposing or recycling unwanted items. Office and industrial equipment can be sold to recoup some relocation costs, or recycled to eliminate waste and protect the environment.


Ask Area Development

Corporate relocations can be stressful, but they don't have to be. If you have questions on how to streamline the process, submit them below to Ask Area Development and the article author will respond.
Moving in the Right Direction
A corporate relocation can mark a new era for a company and bring greater opportunity and profitability. But it can also adversely affect productivity and the bottom line. Strategic planning that considers all variables can help trim hidden costs to keep a move on time and within budget.

Working with a comprehensive relocation solutions provider can offer peace of mind and control in the midst of a taxing endeavor. Controlling the entire process and understanding the costs involved is crucial. A successful relocation begins long before the trucks are loaded. It requires solid planning to dissect each component of the operation to avoid excessive expense, especially hidden costs.

For a smooth relocation, these steps will help your business move in the right direction.
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How can companies prevent employees from using business time for personal relocation?
Preventing employees from spending allotted business hours planning for their pending personal relocation can be avoided by lending some simple assistance. More
- Mike Gonzalez, President, Armstrong Relocation
What are some warning signs companies should heed when selecting a relocation provider?
It boils down to the old adage, "If it sounds too good to be true, it probably is." More
- Mike Gonzalez, President, Armstrong Relocation
How can a company turn around a relocation that is going sour?
From a corporate perspective, if it is apparent that a relocation is going bad, it is important to involve leadership executives and/or senior managers from the relocation provider as soon as possible. More
- Mike Gonzalez, President, Armstrong Relocation

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