Why companies have to prepare their employee when transferring overseas ?
Moving a single, recent college graduate a few hundred miles would probably amount to a few thousand dollars. However, a four-year overseas assignment for a top-level executive and family could cost the company over $1 million (see Chapter 21). Administering these costs is an important human resources responsibility. This chapter will describe employer-provided relocation programs, including assistance with selling the house, moving and settling in. Two special groups of employees will then be examined: new hires and expatriates.