With the recent increase in business-related travels and short-term work appointments, the demand for affordable temporary housing has also shut through the roof.
Lucky for companies and HR managers all over the world, affordable corporate housing solutions allow you to lodge your employees for extended periods without having to break the bank.
According to the CHPA, corporate housing refers to fully furnished temporary housing, typically in an apartment setting. These apartments are made to provide homely amenities like furniture, water, cable, etc., at a single all-inclusive price for an extended period of at least 30 days.
In today’s blog post, we’ll walk you through the benefits of corporate housing, reasons to house yourself or your employees in corporate apartments and factors to consider when choosing an apartment.
Key Takeaways
- Corporate housing is the best and most affordable solution for businesses looking to house their employees temporarily
- Corporate housing provides a cost-effective means of providing your employees with comfort and privacy
- Leasing corporate housing for employees on official duty can enhance employee satisfaction, improve productivity and facilitate a seamless relocation process
- Weigh factors like location, cost, lease terms and customer reviews before picking out corporate housing for business purposes
- CorporateStays is your best bet at getting affordable corporate housing solutions for your business, with apartments in various cities across Canada.
Benefits of Corporate Housing
Corporate housing is the highest-rated housing solution for businesses and organizations, but what’s so special about it?
Here are some benefits that make corporate housing such an attractive temporary accommodation option for businesses:
- Cost Effectiveness
- Comfort
- Privacy
- Flexible Lease Terms
1. Cost Effectiveness
For extended stays of over a month, corporate housing solutions offer better value for money and lower monthly rates than the sum of daily lodge rates in other short-term accommodation options like hotels and Airbnb.
According to the CHPA, businesses that utilize corporate housing can save up to 30–50% on accommodation costs compared to traditional hotel stays.
Corporate housing also saves your employees money on eating out and visiting the laundromat by providing them access to a kitchen, necessary kitchenware, a washing machine, and a laundry room.
2. Comfort
In line with the home-away-from-home idea, corporate housing apartments have separate living units, bedrooms, full kitchens, and other essential amenities. Thus providing your employees with all they need to have a comfortable stay.
3. Privacy
When compared with hotels and other accommodation options, corporate housing apartments provide a more personalized and private lodging experience. This increases your employees’ convenience and access to a home-like environment. .
4. Flexible Lease Terms
Corporate housing offers flexible lease terms ranging from a few days of stay to weeks or months. Most providers also allow the option to shorten or extend stay durations. This allows your business to adapt its accommodations to fit changing schedules and plans easily.
It is important to discuss these policies and agreements with the corporate housing provider beforehand to avoid extra charges or penalties.
Why Businesses Should Leverage Corporate Housing Solutions.
Corporate housing and its surface benefits are great, but in scenes as competitive as business and entrepreneurship, you can’t afford expenditures that do not yield increased productivity or direct profits.
This general rule leads to the question: why should businesses go the length of securing corporate apartments for their employees who frequently travel on official business? What impacts do corporate housing solutions have on employees and the organization as a whole?
Here are a few reasons why businesses should up their game with corporate housing solutions:
- Enhanced Employee Satisfaction
- Improved Productivity
- Seamless Relocation Process
1. Enhanced Employee Satisfaction
In the competitive business world, your ability to retain talent and expertise and foster a positive relationship with your employees may be the difference between your business and bankruptcy.
Leasing corporate housing apartments for your employees on official duty can improve your employees’ morale and commitment. Unlike the bare four walls of a hotel room, corporate housing apartments provide your employees with a more comfortable and homely experience.
Booking a corporate housing apartment shows your company’s commitment to employee wellbeing, thus fostering a higher team spirit and a more engaged workforce.
2. Improved Productivity
It is not rocket science that the more comfortable and settled an employee is, the more their productivity increases. Corporate housing solutions offer conducive work environments with their dedicated living areas and workspaces.
Most corporate housing apartments are located in city centers and business districts, reducing the distance your employees have to travel to get things done. All these factors and perks combine to allow your employees to focus strictly on work and increase the productivity and output of your overseas team.
3. Seamless Relocation Process
Unlike traditional housing options that require extensive paperwork and a fixed duration of stay, corporate housing solutions have flexible lease terms and varying stay durations.
With the option to extend and terminate your employees’ stay duration and lease terms, it becomes easy to relocate your employees from city to city without incurring extra cost or at a reasonable price, as termination or extension fees may apply.
Features of a Standard Corporate Housing Unit
If you are wondering what to expect from a corporate housing unit,? We’ve got you!
Corporate housing apartments have different amenities, varying from one corporate housing provider to the next. Here’s a list of features to expect from a standard corporate housing unit:
- Fully Furnished Apartments
- Utilities and Wi-Fi included
- Housekeeping Services
1. Fully Furnished Apartments
Corporate housing units come fully furnished and fitted with all the gadgets and appliances necessary to provide your employees with a homely atmosphere. Furniture, kitchenware, bed linen and even decorative pieces are common in serviced apartments.
2. Utilities and Wi-Fi included
Standard corporate housing units are equipped with utilities like cable TV, water, heating, electricity, and Wi-Fi as part of the package.
This removes the need to make separate payments for your employees’ necessary day-to-day utility requirements.
More luxurious serviced apartments may provide access to additional facilities such as an in-house gym, residents’ lounge, and even coffee/bookshop attachments. Access to these additional utilities may come at an added cost.
3. Housekeeping Services
Regular daily housekeeping and cleaning services are part of most corporate housing packages. This ensures that your employees enjoy their stay and work in a clean and hygienic environment at no extra cost or effort.
Factors to Consider When Choosing Corporate Housing for Business.
Choosing the right corporate housing solution is important to make sure your employees stay comfortable, productive, and in high morale.
With various corporate housing providers on the market, it is important that you look out for indicators that may point towards quality service and a blissful stay that suits your organization’s needs.
Here are some key indicators to look out for when picking out corporate housing options:
- Location and Accessibility
- Budget and Cost Management
- Customer Reviews
1. Location and Accessibility
The location of a corporate housing apartment can greatly influence an employee’s experience and productivity.
We advise you to prioritize listings with close proximity to city centers, business districts and client sites when picking out corporate housing suites.
You may also factor in access to recreational facilities and side attractions that serve to relax and calm your employees after a full day’s work.
2. Budget and Cost Management
Weighing cost and pricing is a major part of any business’s expenditure plan and it’s not different when you’re trying to secure corporate housing for your employees.
We advise that you choose corporate housing listings within your company’s budget bracket. Pay close attention to the provider’s terms and conditions to prevent hidden costs and penalties.
By effectively weighing and managing cost, you get to provide your employees with the best accommodation experience possible within the limits of your budget.
3. Customer Reviews
Before leasing a corporate apartment, it is wise to vet previous customers’ reviews and testimonials. This will give you insight into the quality of service, the responsiveness of the management and the overall accommodation experience.
Corporate housing providers with better reviews and a strong track record in the industry are your best bet for a seamless and productive stay.
Lucky for you, CorporateStays.com has just the right mix of these three factors, with apartment listings in prime and business-savvy locations across Canada, varying and competitive price points that represent great value for money and excellent customer service and reviews.
We are your company’s best bet at getting affordable corporate housing solutions for your employees.
How to Book Corporate Housing from CorporateStays.com
Booking a corporate housing unit from us involved two easy steps: the booking process and a review of our payment and lease terms.
Booking Process
Booking an apartment from us involves a pretty straightforward process:
- Pick out your preferred location
- Select an apartment listing
- Make your reservation.
We allow you to take a virtual tour of the apartment with our “Watch Video” option. You also get a detailed overview of the area and any side attractions you may want to indulge in during your stay.
Book a furnished rental apartment and enjoy luxury amenities and a luxurious lifestyle.
Payment and Lease Terms
We lease out our apartments on a 30-night basis, with set rates for different apartments and locations. Prices are attached to each apartment listing.
Although our lease prices are rated on a 30-day basis, our lease terms are flexible, and we have policies that govern early termination or stay extensions.
Take a look at the terms and conditions that govern our lease and payment procedures.
Conclusion
If you’re in need of affordable corporate housing solutions to temporarily house your employees, CorporateStays is the best provider on the market.
Housing your employees in corporate apartments can be beneficial to your business by enhancing employee satisfaction, improving productivity, and facilitating seamless relocation processes without reducing workflow.