If you are an employer, you will likely send employees on business trips to distant cities over the next several months, or you may require some of your workers to permanently relocate to other cities. Either way, it is critical that you explore all of your housing accommodation options before immediately settling for hotel accommodations. Travel expert Brian Ferdinand recently shared in an article that corporate housing remains one of the best accommodation options for employers when compared with hotels. Here, we’ll take a peek at what corporate housing is and what makes it so attractive to employers and employees alike.
Corporate Housing vs. Hotels
According to Brian Ferdinand, the managing partner of CorpHousing Group, corporate housing offers the best accommodations for employees who need temporary housing, as these accommodations are fully furnished. As a result, with a corporate housing unit, an employee won’t have to waste time setting up furnishings in his or her temporary home, or struggle with the inconvenience of not having a place that is move in ready. This means that your employee can focus more on his or her work assignment, which will benefit your bottom line.
In addition, corporate housing units tend to be less expensive than hotels are over a period of several weeks. As a result, your company won’t have to spend excessive amounts of money on your employees short-term accommodations. This leaves more money in the coffers to spend on other aspects of your workers’ business trips.
Additional Insights into Corporate Housing
As a general rule of thumb, corporate housing is an excellent housing option for any worker who needs temporary housing while completing a work-related relocation. However, this type of housing has especially appealed to government workers, corporate VIPs, and business executives over the years.
When you book a corporate housing unit for an employee, you won’t have to enter a full-year agreement as you would a traditional apartment. Rather, your short-term agreement will likely last between three and six months. This makes corporate housing very different from hotels, where stays are usually no longer than a handful of days at a time.
All in all, corporate housing units shine by offering the types of amenities that you would expect in a hotel or at home but without a hefty cost. As a result, they are a cost-effective and efficient way to provide your employees with the temporary housing they need.
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