Why companies use furnished corporate housing for relocating employees
With apartment occupancy rates near 20-year highs and workers in short supply, savvy businesses increasingly turn to furnished corporate housing to attract and retain employees.
Manufacturers and construction firms, particularly those working on high-intensity, short-term projects, need temporary homes for relocating employees. Furnished corporate housing is less expensive than hotels and offers employees a superior quality of life.
Corporate housing benefits the employee and the company. It eliminates the need for employees to find and set up housing, allowing them to focus on the job. Furnished corporate rentals are flexible, allowing employees to try different neighborhoods and areas before committing to a long-term rental. Corporate housing also provides amenities such as housekeeping, maintenance, and 24-hour customer service, making everyone's life easier.
Corporate apartments make it easier for businesses to draw top talent. Housing increases employee retention, as workers are more likely to stay with the company long-term.
Businesses that operate in small towns, including manufacturers in rural Ohio and Georgia, struggle to attract and retain employees. Lack of quality housing is a primary obstacle.
In short, providing furnished corporate housing for relocating employees can be a win-win for both the employee and the company. It can make the relocation process less stressful for the employee and easier for the employer to attract and retain top talent.
Electric Avenue Properties offers quality furnished and unfurnished corporate housing in Ohio and Georgia.