Believe it or not, there are actually quite a few businesses who are looking to hire qualified employees at a time that other businesses are actually laying people off and firing many. The problem, however, is that there may not be quality employees in the immediate area for some of these businesses. They would rather not hire anyone than hire someone who is not qualified, capable or good at these empty job openings. So, no one gets hired. Meantime, there are qualified individuals all over the globe that remain unemployed and struggling to get by because they are either overqualified or under qualified for the available jobs in the area that they are in and are competing for these jobs with a 100:1 ratio amongst other serious candidates. Enter UrbanBound.
“UrbanBound is the first web-based platform that provides companies with a comprehensive relocation solution for their newly hired and transferring employees. With more than 100 customers in the Fortune1000, UrbanBound is expanding the range of employees who are offered valuable mobility benefits with its affordable, easy-to-use solution.”
Basically, UrbanBound is a highly interactive, Social Platform that has just secured a total of $5 Million US Dollars of venture capital. This investment is set to improve corporate relocation benefits for the company’s client-consumer base. The two priorities of UB is to ensure the investment capital is used for “aggressive hiring and continued platform innovation. The platform provides affordable relocation services to employees of Fortune1000 companies around the United States. Grotech Ventures and SaaS investor, StarVest Partners, have been noted as early-stage investors, having complete faith in what UrbanBound sets to do for the economy and Fortune1000 companies.
“With its technology-based approach, UrbanBound enables more than 100 companies, mainly in the Fortune 1000, to deliver an affordable option for corporate relocation assistance that allows businesses to expand the scope of workers who are offered this valuable service. The additional benefit helps companies boost their offer-to-acceptance ratios and increase employee retention. In addition, companies are reporting enormous time-saving for their HR departments as relocation questions are being handled by UrbanBound's technology. Current customers include Groupon, Razorfish, Plante Moran and CH Robinson.”
Jeff Ellman, co-founder of UrbanBound states, "By providing an affordable tool that empowers employees to make a smooth transition to a new location with minimal impact on their work and home life, we give our customers a powerful new benefit to offer to existing employees and new hires." This is one reason that many people do not seek better opportunities and become content with “just getting by.” It is often a burden on families, who do not have the time or revenue available, to disrupt their lives until they get “settled in,” often taking huge losses, sacrificing a lot and being set back financially and through quality time amongst themselves.
"UrbanBound's unique platform allows employees to educate themselves on their new city, organize and plan their entire move, and get connected to vetted service providers who offer aggressive discounts through our group buying power," says Michael Krasman, co-founder of UrbanBound. It is through this concept that many businesses are already becoming part of UrbanBound’s “community.” Less time is being shared between family, focus on important work details, and relocation information. More productivity and less over exhaustion will take place during the relocation process, improving the life situation of many potential employees and new hires..
"UrbanBound has all the characteristics of what we look for in an early stage investment," said Lawson DeVries, general partner with Grotech Ventures. "The relocation market, which has been historically served through old school, service-heavy businesses, is ripe for technical disruption. As a result, the UrbanBound product has achieved impressive adoption by companies of all sizes that are looking for a better, more cost effective way to effectively onboard new hires and transfers." This means that there will be less people doing a “recycled task” that will often become outdated before it becomes updated.
Through technology, information can be updated at the click of a mouse; and these tools are accessible around the clock. This means that business will be the priority during business hours, and families can spend quality time together before the children have to go to bed. At a time like this, family bonding is very important. Everything is new and a little scary. Young children, especially, need the support of parents and siblings at getting through the transition seamlessly.
"Bringing a SaaS-based solution to the largely non-automated corporate relocation process generates a significant ROI for customers, and a superior investment opportunity for investors," added Larry Bettino, general partner, StarVest Partners. This means that not only will Fortune1000 companies be saving money, time and gaining new, valuable employees, but the employees will be happier and have less of a headache from the relocation.They will be more productive at work, as well, also keeping their bosses happy. Investors will see high ROIs, and the process will continue. It’s almost a win-win-win-win-win situation for all!
As for UrbanBound, relocation features are amazing. Clients, the Fortune1000 companies, are:
- Able to track expenses immediately Online -- approving or denying them-- while reimbursing expenses directly on the platform itself.
- Able to be used via mobile device (great for employees “in motion” or without Internet connection right away).
- A ble to access educational resources (“”,,,employees have access to valuable hyperlocal content and moving advice on everything from budgeting to how to maximize their relocation tax deduction. The product assists with every aspect of their move, and acclimates them to their new location so they're ready to work on day one.”).
- Able to receive vendor discounts and specials.
- Able to track the progress of their new employees.
- Keep their new employee on track and on time with the move.
This very beneficial relocation product is available already and under innovation as we speak. As for UrbanBound, itself, they are now hiring new employees in Chicago and Los Angeles. Ever wanted to be part of an exciting career, undergoing exciting changes that will leave a positive impact on the lives of many? Check them out today!