With an estimated one in three U.S. workers belonging to the “Millennial” generation, corporations have been paying special attention lately to fulfilling these young employees’ relocation needs.
The drive to prove themselves in their first “real-world” job, high student loan debt, and an interest in travel and exploring new cultures has driven many Millennials to search outside their hometowns and marked them perfect for a traditional lump sum policy. They’re willing to relocate to begin their careers wherever they can find work. Place the move experience online to complement Millennials’ love of technology, and even less involvement is needed from the employer and Relocation Management Company to manage these moves.
But are these assumptions? Generalizations? Are these factors true for every relocating worker aged 18 – 34?
We asked a few Millennials—who have never moved for a job before—how they would define a quality relocation experience. What are the most important aspects they’re looking for in a move? Their responses might surprise you, and question whether a traditional lump sum is really perfect for this generation.