Temporary housing can be the perfect way to help recent hires bridge the gap between their current and new home. Providing temporary corporate housing can simplify the relocation process for new hires and offer a comfortable living space in their new location so they can start immediately. It’s especially helpful for international hiring, but can be a useful benefit during any relocation.
Most corporate temporary housing is offered on a short-term basis, allowing a company to pay monthly or, in some cases, even daily. Furnished options are often available, as well. This allows a new hire to take their time, enjoy discovering their new home city, and find a home that suits them and their family. Those with families will appreciate having a temporary home for their loved ones while everyone gets adjusts.
WHR’s network of corporate housing providers offers living space options ranging from 1-3 bedrooms, a useful benefit for recruitment prospects with families. For a full list of options and offerings, check out our 2023 Temporary Housing Report.
Benefits of Temporary Corporate Housing
Smooth Transition: Temporary housing provides a comfortable and stable living arrangement for employees, allowing them to focus on their new roles without the stress of finding immediate accommodation.
Reduced Stress: Relocating is inherently stressful. Providing temporary housing eases the burden of finding a new place to live, allowing employees to settle in without the pressure of making quick decisions.
Increased Productivity: Employees who are settled and content in their living situation are likely to be more productive at work. Temporary housing helps them establish a routine more quickly, which can positively impact their job performance.
Improved Retention: When companies invest in the well-being of their employees, it fosters a sense of loyalty. Employees who feel supported during the challenging transition phase are more likely to stay with the company in the long run.
Cost-Effective: While temporary housing incurs costs, it can be more cost-effective in the long run. It prevents hasty decisions, such as employees signing a lease for a place they later find unsuitable, which can be costly to remedy.
Enhanced Recruitment: Offering corporate housing can make a company more attractive to potential candidates, especially if they are hesitant about relocating. It demonstrates that the company values its employees and is willing to invest in their well-being.
Family Considerations: If the relocating employees have families, temporary housing provides them with time to assess school options, healthcare facilities, and other family-related concerns before making permanent decisions.
Customized Solutions: Companies can tailor temporary housing solutions to meet the specific needs of their employees, considering factors such as location, duration of stay, and amenities, ensuring a comfortable living experience.