Companies That Adopt Mobility Are Companies That Can Survive The Inflation

Last updated: 1 June 2023

We are living in challenging times for every business - the pandemic, the war on talent, quiet quitting, and now inflation and a potential recession. What can companies do to fight against all of these challenges? The answer might be the mobile workforce. 

Even though the current employee market is holding tighter than during pinnacle of pandemic, employees are still searching for attractive opportunities that will help them with their professional development and career growth and offer them a good work-life balance too. Therefore, many companies are turning to hire abroad. 

Inflation and increased cost of living

The hot topic now is reducing overall spendings if possible, without sacrificing the quality of experience. This is a sensitive topic for employers because competition is fierce. Many businesses are trying to retain their workforce by offering flexible benefit packages, which include relocation packages. However, companies should be careful and offer pre-decision services to their potential or current employees. Relocation is not simple, and employees should have ample time to discuss and investigate sufficiently with their families. 

International relocation and the current global conflict

To get the best talent for their organizations and ensure the stability of their workforce, HR leaders are leveraging relocation. For example, many companies with employees in Ukraine are quickly offered support to move their team members and families. The same goes for companies that have employees in Russia. Situations in these two countries bring many difficulties in doing business with employees located there. This conflict did not only impact those employers with the workforce in those countries, but in general, raised the focus on duty of care of employers. Companies want their employees to feel safe and receive support in any situation. 

What relocation benefits are the most effective right now? 

Not all relocation benefits are effective. Here is what employees find the most relevant: The household goods transportation and cost coverage. This way companies show care not only for employees but for their families as well. Besides this one, the workforce asks for flexibility when it comes to dates due to increased prices for relocation. 

Stay ahead of future challenges

We have witnessed many shifts and changes in the workplace environment, and now that the world is getting back to normal after the pandemic at least, companies are thinking about disaster policies. Planning and preventing any big challenge before the next disaster comes, is the key to success. Therefore, it is important for companies to be as flexible as possible.

The mobility of the workforce comes with many challenges for employers. How will you ensure that youre compliant in every country, in which you have employees in? That’s where EuroDev steps in. We have been a reliable partner for more than 500 North American companies. With a HR partner like EuroDev, you can hire abroad with speed, without worrying about creating permanent establishment. EuroDev will ensure you stay compliant in every European country of your choice, as well as having a dedicated and experienced team to offer the necessary HR support. Let’s have discussion about the next steps for your hiring needs in Europe. 

About EuroDev

EuroDev, established in 1996 with offices in The Netherlands, has a single, defined purpose to help mid-sized North American companies expand their business in Europe. We have created a proven, successful business development model and since our founding, have partnered with over 500 companies to help them define and meet their European business goals. Services provided include Sales Outsourcing, HR Outsourcing, and Digital Marketing.

Disclaimer: While we strive to provide accurate and timely information, please note that HR policies and regulations can change frequently. It is recommended that you seek guidance from our HR consultants to ensure that the data presented here is current and accurate.

Source: HROToday

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