Furnishing Rental & Allowance
Mobile employees need quality household goods and furnishings to feel comfortable in their new location. It is vital to their wellbeing and drives successful assignments. But in today’s world, we’re facing logistical challenges, managing a host of different employee preferences, and doing our best to control costs.
Challenges with Furnishings
Shipment of household goods are facing logistical delays
Shipping is costly and delays can create unexpected expenses and stress for employees
Some mobile employees may not have furniture or want to bring it on assignment
Many unaccompanied assignees who leave their families behind cannot bring their furniture
Furnishing needs vary based on furnished or partially furnished housing markets
To manage this complexity, mobility professionals need local insight and tools that adapt to these situations. Traditionally, mobility programs have funded household goods shipments which require a lot of time, are often delayed, and can be quite costly. More recently, organizations are realizing there are alternatives to this shipment process.
Whether you’re renting or purchasing furnishings in the host location, these reports help you to:
- Reduce administration for mobile moves
- Deliver predictable costs to the business
- Provide flexibility to mobile employees – they decide how to furnish their housing
- Ensure consistency across locations and family sizes
Furnishing Rental Report
Help assignees rent furnishings for the duration of their move
Renting furnishings and housewares is a more sustainable approach that provides mobile employees with quality furniture and household furnishings for the duration of their stay. On average, rented furniture is reused up to three times before it is resold to the “used” marketplace, further extending its life. This greener rental approach not only helps the environment, but also provides assignees with flexible choice while dramatically reducing the time it takes to place employees in long-term housing, thus reducing temporary living costs. Furthermore, it helps programs to be agile as they deploy talent and can help to save costs depending on the length of assignment and other details.
Provide a more sustainable option
Circular economy – furniture is reused up to 3x before moving to the resale market
Reduce administrative effort
Avoid logistical challenges of shipping furniture
Control costs, predictable vs variable shipping costs
Tailor the application to the location and individual
AIRINC has partnered with CORT Global Network to collect and curate the cost for rental furniture across the globe. This data can be used for cost estimates or for employee benefits either as reimbursement or direct payments.
What goes into the Furnishing Rental Report?
Data for all locations covers costs for:
Dining area
Kitchen
Bathroom
Bedroom
Furnishing rental budgets are sourced from CORT Global Network and represent mid-range options suitable for international assignees. A recommended uplift for high quality furnishings is also included in the report. Data is updated annually, and rental rates are reflected in the currency in which rental contracts are quoted.
What does the Furnishing Rental Report Look Like?
Furnishing Report
Furnishing Methodology
Furniture Allowance Report
Provide a budget to purchase furniture in the destination location
One of the most flexible approaches to providing household goods and furnishings is to administer an allowance or reimbursement limit for purchases. This flexibility helps employees obtain the right furnishings based on their specific situation & needs. AIRINC collects and curates the cost of household furnishings across the world.
Benefits of Furniture Allowances
Increased flexibility enhances the employee experience
Reduce program administration and costs
Avoid logistics of shipping furniture
Control costs, predictable vs variable shipping costs
Tailored to the location and individual
What goes into the Furniture Allowance?
Data for all locations covers costs for:
Furniture
Large Appliances
Small Appliances
Kitchenware
Textiles
Data represents mid-range options suitable for professional employees. AIRINC can adjust this amount upward for companies that wish to provide higher quality furnishings or address executive needs. The furniture market basket can be further configured at the item level. Data is updated in January and July to incorporate new survey results, inflation, and exchange rate changes.
What does the Furniture Allowance Report Look Like?
Read more
Contact us to receive a Furniture Allowance Report today
