This is a fully benchmarked projest for Reloacation Services

1. Ohio University Strategic Procurement Review of Relocation Services and Policy

3. Conduct an employee satisfaction survey and spend analysis to determine average costs and standard deviations for Household Goods (HHG) moves.

4. Use bottom-up approach to identify all suppliers with scope and services affecting relocation, including:Household Goods Movement Temporary Housing Real Estate Agents for both Purchase and Sell

5. Employee Satisfaction Survey

6. Employee Satisfaction Survey

7. Satisfaction With Procurement

9. More than 70 percent of the respondents reported “slowed real estate appreciation/depressed housing market at the old location” as the reason their employees are averse to moving. This is a dramatic shift from last year, when only 16 percent of the respondents mentioned it as a reason for reluctance.

11. Requiring transferees to use agents selected by the relocation management company for home sale and home purchase

12. Capping points paid and real estate agent fees

13. Adding additional time for duplicate housing assistance

14. Adding dual mortgage coverage

15. Extending temporary living in the new locationThe two other areas of change that companies frequently cited addressed overall policy and included adding/modifying a lump-sum program and implementing a tiered policy or adding new tiers to a current program.

17. Overall costs—renters. The average cost to relocate a new hired renter, from $15,922 in 2005 to $16,177 in 2006.Source: Worldwide ERC®

19. Nineteen percent (19%) of the employees that relocated are having difficulty with the sale of their former residence.

20. Sixty-four percent (64%) of the relocated. employees have not yet purchased a home. This could be a risk factor.

21. The cost of relocation is more appropriately linked to home ownership than it is to the classification or salary of the employee.

22. General:

23. As a classification, Faculty were the most under compensated for relocation expenses by their departments

24. 85% of the apartment dwellers moved their household goods for <$5,000

25. 85% of the home owners needed $10,000 to move their household goods but 50% received $5,000 or less. This is the area where the relocation policy needs more refinement.

27. ERC’s National ComponentCost of Relocation

28. Recommended ComponentCost of Relocation

29. Recommended ComponentCost of Relocation

31. Cost of Living Analysis

32. Area Orientation

33. New City Profiles

34. City Comparison Reports

36. Enhances our average home owner’s relocation package by nearly $3,000

37. Is provided at no additional cost to your company or your employees.

39. The End