Developmental Housing: It's Not as Difficult as You Think

    Apr 17, 2023 @ 05:06 PM / by Jade Chang

    Developmental Assignment Blog

    Developmental Housing

    In our most recent Mobility Outlook Survey for 2023, 30% of companies are expecting an increase in the use of Developmental, Graduate, and Intern policies. This is up from 2022, where only 28% of companies expected an increase in usage. With the need for more early talent policies, we’re seeing companies struggle with how to provide adequate benefits to this unique population. 

    Below are a couple ways companies have achieved scalable solutions:

    Housing & Utilities

    An international manufacturing company with dozens of global sites approached AIRINC to assist with their relocation program. Specifically, they needed assistance with determining rent and utility amounts for their new hire college graduate rotational program. The company wanted to find a cost-effective source that provided accurate, reasonable, and unbiased data. AIRINC worked with the company to create a housing data deliverable that included all essential elements within their budget. The company now has current and customized housing budgets which will aid in attracting and retaining employees.

    Serviced Accommodations

    An international pharmaceutical company with a robust internship program approached AIRINC for a solution on how to best provide housing for short durations. They wanted to provide lodging that was furnished, near city-centers, and met the needs of early talent. AIRINC was able to work with the company to provide budgets for corporate apartments. We found corporate apartments were the most applicable because they are fully furnished, include the essentials, and are generally near the city-center. These budgets are now reviewed with each intern cycle to ensure their population can stay within the city and close to the office.

    Lump sums

    Many companies provide early talent with lump sum allowances to help defray costs of temporarily relocating. A few companies have approached AIRINC to assist in adjusting flat value lump sums to reflect the cost of living in the host location. AIRINC partnered with each company to determine the intent of the lump sum and what the best solution would be. By using cost of living data, we can scale the lump sum values up or down to provide an accurate lump sum value. Companies are reviewing these cost-of-living adjustments annually for changes in inflation. 

    Are you experiencing recruiting and retention challenges with your early-career professionals? Contact us for more information on how to structure programs that support employees in developmental, graduate, and intern roles.

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    Topics: Mobility Policy, short term assignments, Calculate a housing budget, Advisory Services, lump sums, Developmental

    Jade Chang

    Written by Jade Chang

    Jade joined AIRINC’s Client Engagement group in 2015. Since that time, she has specialized in servicing clients throughout the Northeast U.S. Jade primarily services large managed programs focused within the Pharmaceutical and Banking industries. Also a member of AIRINC’s Advisory Services team, she has worked on a variety of projects across a multitude of industries. Jade’s Advisory Services focus is on benchmarking. Jade received her B.A. in Economics from Boston University and is based in New York, NY.