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The benefit of an
asset return program

Personnel changes—whether layoffs, attrition, or refreshing employee assets—come with challenges, but returning assets shouldn’t be one of them.

Did you know nearly half of companies (49%!) lose at least five percent of corporate-issued assets during off-boarding? That’s a lot of lost assets—and intellectual property at risk of being lost or exposed.

The return of assets will be on many employers' minds in 2023, as nearly 70% of Gen Z and Millennial employees plan to leave their jobs this year, and over 500 tech companies have laid off employees by the end of March 2023. And, with nine in ten organizations planning to combine remote and on-site work, swapping remote assets will be top of mind, too.

Yet, as a leader, your focus should be on delivering results and optimizing your teams rather than worrying about whether an off-boarded employee returned their phone or a remote employee got their laptop fixed.

You need a reliable asset return program for today’s unpredictable workforce. And, despite what some may think, it benefits far more than just HR, too.

An Asset Return Program Benefits More Than You Think

It’s not only human resources teams who benefit from an asset return program. Having a reliable, contact-free asset return program can benefit:

Employers:

  • Human resources leaders
  • Information technology leaders
  • Supervisors of departing employee
  • Facility & operations leaders

Employees:

  • Hybrid employees
  • Remote employees
  • Off-boarded employees

Let’s dive into the benefits of both.

For Employers

Whether your company is extending equipment upgrades, processing employee terminations, or managing turnover, an asset return program touches—and supports—multiple departments.

A reliable asset return program supports everyone from HR directors after letting an employee go to IT managers who can’t solve a technical problem remotely or aim to secure sensitive business information from modification and/or disruption. A reliable asset return program even supports facilities coordinators organizing in-office shipments and HR managers who need to quickly move equipment from a departing employee to a new hire.

How It Supports

Not receiving your assets comes with a high cost and poses a security concern, as no company wants to lose its intellectual property on company-issued equipment.

Most companies also likely don’t want to file a criminal charge of theft, a civil action seeking the value of the items, or both if an off-boarded employee won’t return the asset(s).

In turn, the best option for employers may actually be the simple one: provide individuals with a simple solution to return assets. By providing an easy, secure, and flexible way to give back equipment, you can mitigate the risk of losing data and increase the likelihood of getting your property returned.

For Employees

According to Upwork, by 2028, 73% of all company departments are expected to have remote workers.

In a world of remote work, an asset return program is an absolute necessity. Yes, you can make it easy for hybrid or remote employees who’ve quit or been laid off recently to return their laptops, phones, and other equipment.

You can also make it simple for remote employees who may need something on their desktop fixed, need additional equipment to increase productivity, or need IT teams to upgrade software manually.

How It Supports

With the right solution provider to help you arrange a reliable asset return, you can make it so:

  • Employees who need repairs get assets back fast—with little disruption in workflow
  • Remote employees can stay up to date with tech—without going to the office
  • Off-boarded employees can return assets easily—without the awkwardness

It’s also crucial to use a provider who offers multiple retrieval options. For example, having a pick-up option is especially helpful for employees not living in a metropolitan area. And drop-off options are also an excellent benefit to off-boarded employees who prefer to drop off at a store rather than at work (or worked remotely).

…And All Of That Can Happen In 5 Simple Steps

Asset return programs should be simple, require minimal effort, and be trackable and reliable. With FedEx Office, you get all that—and you can do it all in just five simple steps.

Step 1. Contact your FedEx Office rep to set up a program with kit configurations that fit your employee asset sets.

Step 2. Provide a list of employee addresses and the kits they need weekly, monthly, or a cadence that works for your business.

Step 3. FedEx Office ships packaging kits to employees at their residence.

Step 4. Employee packs assets and schedules a courier pickup (or drops off at any FedEx shipping location).

Step 5. FedEx courier picks up the package and it is shipped to your designated return address.

Plus, you can rest easy knowing your assets are on their way back to you with accessible tracking—both for the packaging en route to the employee and the assets en route back to your company.

To Take The First Step, Let’s Connect

Make your changing personnel landscape easier with a state-of-the-art asset returns program. When you use FedEx Office, we take care of all the details for you and send your employee(s) exactly what they need to pack and ship easily. Request a complimentary consultation today for more information to learn more about the program and how you can reap the benefits.