What is a Relocation Plan?
A relocation plan is a strategy for relocating employees and managing the associated expenses. It typically includes details such as the process for relocating employees, budget for relocation expenses, and logistics for providing support to relocating employees. This plan ensures that all aspects of the relocation process are managed in an efficient and cost-effective manner.
What's included in this Relocation Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Relocation Plan template for?
The Relocation Plan template is suitable for HR leaders, managers, and teams of all sizes and industries. It provides a useful framework to create a plan that can help manage employee relocation in a structured and organized way.
1. Define clear examples of your focus areas
A relocation plan typically consists of 3 main focus areas: managing employee relocation, managing employee relocation expenses, and managing employee relocation logistics. Each focus area should be broken down into objectives and related projects that can be implemented to achieve the desired outcome.
2. Think about the objectives that could fall under that focus area
For each focus area, it is important to identify and define specific objectives. Objectives should be specific, and achievable and must be broken down into Projects and KPIs.
Examples of some objectives for the focus area of Manage Employee Relocation could be: Develop a Relocation Policy, and Support Relocating Employees.
3. Set measurable targets (KPIs) to tackle the objective
For each objective, it is important to set measurable targets (KPIs). KPIs should be measurable, specific, and actionable. They are used to measure progress and track results.
An example of a KPI for the focus area of Manage Employee Relocation could be: Create and implement a Relocation Policy.
4. Implement related projects to achieve the KPIs
For each objective, related projects should be identified to achieve the desired KPIs. Projects should be relevant to the objective and should be designed to achieve the desired result.
An example of a project related to Manage Employee Relocation could be: Develop a policy document outlining the process for relocating employees.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a powerful tool to quickly and effectively implement your relocation plan. With Cascade, you can quickly and easily measure, track, and report on your strategy results, helping you to achieve your objectives faster.