Healthcare Policy Benchmarking

In this report, UrbanBound aggregated and anonymized the data of 40 relocation policies from US-based healthcare organizations. These companies have between 800-60,000 employees and represent both non-profit and for-profit healthcare organizations.

Policy Structure

How are policies structured?

The majority of aggregated data shows a strong preference for a managed budget program with multiple policy levels reflective of different employee levels and/or job function.

Managed budget policies are by far the most common type of policy, due to the ability to contain costs in comparison to other program types. Additionally, managed budget relocation policies allow for increased flexibility in the type of benefits that can be offered.

100%

of companies surveyed require repayment of benefits if an employee leaves the company or is terminated with cause within 12 or 24 months of accepting the new position.

Budgets and Taxes

Managed budget amounts can differ depending on employee job function and level. The employee is able to use their allotted budget on relocation-related items approved in their policy.


Relocation Tax Assistance

Are Healthcare organizations offering tax assistance (gross-ups) on the benefits they provide to their employees?

85%

gross up all or a portion of employer-provided benefits.

15%

consider tax liability as the responsibility of the employee


Benefits and Guardrails

Household Goods

With respect to the growing talent gap in healthcare, you likely need to get your employees to their new location to begin their new position as swiftly as possible. A core component of almost all relocation programs is shipment of household goods.


50%

of Healthcare relocation policies support pet shipment.

Auto Shipment and Car Rental

Auto Shipment

This benefit usually includes the shipment of non-recreational vehicles via a specialized auto carrier. Motorcycles are typically excluded.

Car Rental

This benefit naturally accompanies auto shipment since vehicle transit time can range from 2-14 days (depending on distance and carrier).


$1,200 - $1,500

is the average cost to ship a vehicle.

Home Finding Trip Duration

This benefit can be instrumental in reducing the amount of time it takes for an employee to find permanent housing in their new location. This reduces the need for temporary housing and in-transit storage of household goods, ultimately resulting in savings for the employer.


90%

of policies include "Final Travel" benefits. This benefit is defined as reimbursement for one-way transportation (airfare or mileage) to the new location.

50%

of policies allow for "Miscellaneous Travel". This is defined as round-trip transportation to the original location to prepare for the move


Temporary Housing

Temporary Housing, sometimes referred to as Corporate Housing, is a short-term lease of an apartment in order to support an employee's start date at their new location prior to securing permanent housing. This also often supports a relocated employee while their family is still at the location of origin.

Lease Break Assistance

Services offered to help the employee cover costs associated with the early termination of their lease at the old location.

60%

1 Month

25%

offer this benefit to their employees.

is the most common guardrail for lease break benefits.

of healthcare organizations allow reimbursement of new lease costs.


Domestic Destination Services

Destination Services are offered to help the employee get to know their new city, including area tours, school search and home finding assistance.

42.5%

1 Day

offer this benefit to their employees

is the most commonly provided benefit


Home Sale and Home Purchase Benefits

UB Home
​UrbanBound's zero-cost program to assist pairing employees with real estate agents in order to assist with purchasing and selling their homes.

UB Mortgage
​UrbanBound's zero-cost mortgage referral program, offering special rates and discounts to your relocating employees.

UB Rewards
​UrbanBound's zero-cost home sale/purchase rewards program, offering $250 for every $100,000 in sale or purchase price when using an approved UB Realtor.

✓ 100% Policy Utilization

Home Sale Benefits

Relocation policies often cover home sale commissions and closing costs as part of the managed budget.
​

32.5%

of healthcare policies offer this benefit

Home Purchase Benefits

Relocation policies can often cover the costs of purchasing a new home, including closing costs, as part of the managed budget.

25%

of healthcare policies offer this benefit


Cash Benefits

A cash allowance is paid in addition to the managed budget and allows employees to cover costs that are not accounted anywhere else in their policy. These often include utility deposits, car registration or security deposits. This benefit is extremely important for employees that may not have the liquidity to front these costs.

72.5%

offer a cash allowance in addition to regular relocation benefits.

27.5%

do not include cash allowance benefits in their relocation policies.


Cash Benefits are typically paid

30 days prior to the employee's start date.

Create policies that put you ahead of your competition.
​UrbanBound can help.