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Employers will likely have an easier time recruiting applicants from a distance if they offer a relocation package. These can vary from one extreme to another, including:
There are some tax implications involved in relocation packages, and employers should be aware of those when they offer them.
Relocation benefits that appeal to applicants
Competition for talent is tough. Employers are increasingly looking to applicants who live in far-off places to fill key roles. An important component in attracting applicants is a valuable relocation package, of course, but an employer may want to go beyond the basics when offering relocation benefits. Creative, outside-the-box benefits can be attractive to potential job candidates.
First, employers should take stock of their current relocation package(s) and consider management input. Then, they should survey their most recent hires and consider:
These responses will reveal what the organization is doing right and where steps might be taken to improve new-hire satisfaction.
Some relocation benefits might be more well-received than others, depending on an employer’s culture. Additionally, linking relocation assistance to culture can have a positive effect on an organization’s employment branding efforts. Some less traditional relocation and employment benefits tied to specific culture-fostering goals might include:
A successful relocation package doesn’t have to mean spending thousands on moving expense reimbursements. Simply providing robust information can help bolster an organization’s retention of newly relocated employees, and this thoughtful reception will help them feel welcomed and build ties to the area quicker than what would be achieved through simple lump-sum payments.
Employers will likely have an easier time recruiting applicants from a distance if they offer a relocation package. These can vary from one extreme to another, including:
There are some tax implications involved in relocation packages, and employers should be aware of those when they offer them.
Relocation benefits that appeal to applicants
Competition for talent is tough. Employers are increasingly looking to applicants who live in far-off places to fill key roles. An important component in attracting applicants is a valuable relocation package, of course, but an employer may want to go beyond the basics when offering relocation benefits. Creative, outside-the-box benefits can be attractive to potential job candidates.
First, employers should take stock of their current relocation package(s) and consider management input. Then, they should survey their most recent hires and consider:
These responses will reveal what the organization is doing right and where steps might be taken to improve new-hire satisfaction.
Some relocation benefits might be more well-received than others, depending on an employer’s culture. Additionally, linking relocation assistance to culture can have a positive effect on an organization’s employment branding efforts. Some less traditional relocation and employment benefits tied to specific culture-fostering goals might include:
A successful relocation package doesn’t have to mean spending thousands on moving expense reimbursements. Simply providing robust information can help bolster an organization’s retention of newly relocated employees, and this thoughtful reception will help them feel welcomed and build ties to the area quicker than what would be achieved through simple lump-sum payments.