Relocating an Employee Within the United States

Course Number:57
Category:Employee Benefits
Field of Study:Personnel/HR
Audience:HR Managers, HR Generalists, Benefits Professionals, Relocation Specialists
Level of Difficulty:Intermediate
Delivery Method:QAS Self Study
Prerequisites: None
Advanced Preparation:None
SHRM BASK:As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course relates to competencies in Service Excellence with functional areas in Total Rewards.
OverviewMany organizations find it necessary to relocate employees. A relocation may be moving a young, single new hire who rents across the state, moving a senior employee with a family and a home across the country, and everything in between. In some cases, it may involve a move to another country. This course teaches you what you need to take into consideration when relocating an employee. You will learn how to anticipate the costs involved, prepare an employee and their family for a move, provide assistance selling and buying a home, establish household goods moving policies, and create a plan to assist a relocating employee moving to a higher cost-of-living location. There will also be a discussion of the importance of geographical salary structures.
Learning Objectives:
  • Recognize the initial steps to take when preparing an employee and family for a relocation
  • Differentiate between company assistance plans used when a relocating employee needs to sell their home
  • Identify costs associated with selling an employee’s home
  • Specify why a property appraisal is important
  • Recognize different policies and cost options for moving employees
  • Differentiate between released value, full value, and third party moving insurance
  • Identify ways companies can assist employees and family members when buying a home and settling into the community they have relocated to
  • Recognize the importance of obtaining a pre-approval from a mortgage broker
  • Identify the pros and cons of cafeteria, lump-sum, and tiered relocation plans
  • Specify what a company can do to help keep an employee whole and adjust to a higher cost of living
  • Recognize the importance of separate salary structures based on location, aligning relocation bonuses, and cost-of-living allowance policies
Credit & Professional
Continuing
Education Information:
  • SHRM-CP/SHRM-SCP Credit Information:

    ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities. This program is valid for 1.5 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Preferred Provider
  • aPHR/PHR/SPHR/GPHR Credit Information:

    ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 1.5 HR (General) credit hour(s) towards aPHR, PHR®, SPHR®, and GPHR® recertification.

    HRCI Approved Provider
    HR Certification Institute’s® (www.HRCI.org) official seal confirms that ERI Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.
  • CCP/CBP/GRP/WLCP Credit Information:

    This online course qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the Society website at www.worldatworksociety.org.

  • CPE QAS Self Study Credit Information:

    National Registry QAS Self Study - Course approved for 1.5 credit(s) in these states:

    Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Virginia, Washington, West Virginia, Wyoming

    Course approved for 1 credit(s) in Vermont

Additional Information:
*The Course Credit List displays credits and credit types offered by location.
World at Work
CPE Sponsors - Registry
CPE Sponsors - QAS
CAC
CCC

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®