One of the hottest topics in HR continues to be the war on talent. Companies continue to pursue the best candidates in a competitive environment to help meet year end goals and objectives. Many times a new hire or pivoting leadership positions will require a relocation. This could involve home marketing assistance to help sell their home at origin as quickly as possible as well as support to find a new home. It often includes moving the household goods along with storage and short term temporary housing as well.
For companies that have not invested time to explore advantages of relocation services in the past, there may be some alternative ways to help lure the best talent during the recruiting process to be competitive in the market. Here are 3 benefits to consider when your next hire requires a relocation which will elevate the onboarding experience with minimal costs…
- Area orientation. This benefit is designed to help the family view different areas in the new city. An area orientation program helps the employee with support to plan a productive trip to search preferred neighborhoods and schools near the office.
- Expense Management. Do you have challenges with keeping up with taxable and non-taxable relocation expenses? How about getting employees or new candidates not on the payroll reimbursed quickly? This is a great service that might help your team with support.
- Lump sum support. Many times the company will cut the employee a check without realizing the favorable tax benefits which can lead to big savings when you gross up, or ways to stretch the lump sum amount for the employee while giving them a professional to assist them along the way. You can turn an average move into a great moving experience for the employee and family with coaching and support from your preferred partner.
It’s a very competitive candidate driven market today, and these relocation benefits just might be a way to help land your next big candidate while providing them with a great onboarding experience during the relocation process!
Call to action: Invest some time this week to reach out to your relocation provider and request a 30 minute meeting to review these strategies to be more competitive when recruiting the best talent. You will be glad you invested the time, and so will your employees moving.
This has been “A Relocation Minute” on “Recruiting strategies to be more competitive” with Bruce Waller, for more information on relocation resources call 972-389-5673, or email email@example.com. Follow me on Twitter too!