Company resettlements are often difficult for both small and large companies. Such moves are often very risky, owing to the multitude of challenges that present themselves when companies are trying to make the transition to another jurisdiction. These challenges include budget and time constraints, as well as difficulty in complying with new local laws and regulations.
However, the resettlement can go a lot smoother if the company follows a few simple guidelines. The following are some of the crucial tips will need to take heed to when resettling to another location.
- Plan accordingly
A company resettlement without a proper plan is bound to fail. Hence, it is imperative that the company prepares a well thought out plan before commencing the relocation process. The plan should encompass everything from the budget allocation for the resettlement, assigned roles for the individuals involved as pertains to the resettlement, the time limits, as well as how the company is planning to navigate the legal aspects of the relocation both in the current location and in the new one.
Most importantly, this plan should exhaustively cover the reasons for the move, the premised benefits, as well as the goals that the company seeks to accomplish by moving to a different jurisdiction.
This solid plan should be in place long before the relocation begins in order to provide direction as well as to prepare everyone involved for the tasks and responsibilities that lie ahead.
It is also important that the employees know about the plan beforehand so that there is hardly any confusion, and that everyone is on the same page about what the overall goal is.
- Find the right relocation company
Most companies will need to look externally for relocation and resettlement expertise. It will require extensive research on the different companies offering this expertise in order to find one that is within your company’s budget, and that offers the right mix of services. Compare as many relevant companies as possible in order to find the right one for your specific relocation needs and goals.
For instance, if you are planning a Business relocation to Switzerland, you will need an expert resettlement company that understands this jurisdiction in terms of legal business environment and requirements, labour market, work permits, and licenses.
This expert company usually comes in as a consultant, and they offer guidance on how to make the necessary business applications in the new jurisdiction, understanding the tax regimes, labour and employment laws, as well as the proper documents that the company should have in order to be granted permission to setup the business in the new country.
- Consistent Reporting
There needs to be a regular inflow of communication about the progress of the move in order to guarantee that everything and everyone stays on course. Consistent reporting on the resettlement will ensure that challenges are identified and solved before they become huge problems that can deter the success of the move.
- Planning for the language barrier
A language barrier might not seem like such a big deal at the beginning of planning a company resettlement. However, it has the potential to hamper an effective relocation or even the growth of your business in the new jurisdiction. For this reason, it is essential that the management or the team responsible for the execution of the resettlement to plan for and determine the best way to overcome any language barriers that the employees may face when the company relocates to a different country.
Planning for this element might involve hiring a consultant that can help bridge the language gap between the company and the authorities in the foreign jurisdiction. In addition, it might also involve providing employees with language training.
With these few tips above, your company will be well on its way to a successful company resettlement in a new jurisdiction.