If you are currently looking for corporate housing for your employees, you might be concerned about the cost. Corporate housing is typically always going to save you money over hotels and extended stay hotels. But if you are looking to save your company even more money, consider these tips for selecting corporate housing for your employees.
For large groups, book several corporate apartments instead of hotels.
Extended stay hotels can be a good option in some cases, but the costs can add up if you need corporate housing for an extended period of time, especially for large groups staying for thirty days or more.
Instead, consider renting corporate apartments on a short-term lease; some corporate housing providers will be willing to work with you on rates if you are renting multiple units at a time. Plus, corporate housing will always feel a bit more “home-like” for your employees than a hotel.
Consider Assigning Corporate Housing “Roommates”
If you aren’t already, consider assigning more than one person per corporate apartment. This can literally cut your corporate housing costs in half. Whether you group your employees by gender, by business unit, or job assignment – if you book a two or three bedroom apartment then each employee will still get the benefit of a private room along with shared kitchens and living areas.
Let’s say you have two employees coming to work on the same job assignment. If you rent a corporate apartment that costs $100 per night, split that two ways, and now you are looking at just $50 per night for a very spacious and comfortable accommodation that includes much more amenities than a cheap hotel room.
Choose an Out-of-the-Way Location
Instead of choosing corporate housing in an expensive downtown location right in the middle of the city, look for something in the suburbs. Rent can be much cheaper, and your employees might prefer it as well. Just make sure that you choose a location with an easy commute, particularly if your employees will not have access to private cars. For example, you may want to choose corporate housing that is convenient to the public transit system.
As you can see, it is entirely possible to save money while securing good corporate housing for your employees. Whether you follow these tips or not, with corporate housing you will almost always see a reduction in how much you are spending on your employee travel costs compared to hotels.
For corporate housing in Colorado, call Housing Helpers a leading provider of corporate housing and relocation services in Colorado! 303-545-6000.