Learn when and how to offer relocation assistance to new hires, ensuring a smooth transition for both employees and your organization.

In today’s competitive hiring market, attracting and retaining top talent is a strategic imperative. For many companies, the decision to extend relocation assistance is a pivotal factor in securing top-tier candidates and ensuring a smooth transition into their new roles. Relocation is a tool every company should consider for either U.S. domestic or international moves. The benefits of offering assistance are apparent, whether you’re hiring globally for a highly skilled position or striving to fill roles amidst an applicant and/or employee shortage. At MovePlus Mobility, we understand the intricacies of move management and will help design a program that effectively cater to both employee needs and corporate objectives. With over 46 years, we have successfully aided companies of all sizes, from those relocating a single new hire to those managing thousands of employee relocations per year.  

The Importance of Offering Relocation Assistance

When considering whether to offer relocation assistance, it’s important to consider the role it plays in the new hire’s first impression to the company and ensuring a successful transition to the new location and position. It can also help with:  

• Attracting Top Talent: Providing relocation assistance can serve as a powerful incentive for prospective candidates, especially when considering opportunities in different geographical locations.
• Facilitating Seamless Onboarding: By offering relocation assistance, companies can alleviate the stress and logistical challenges often associated with the relocation process, allowing new hires to focus on their roles and responsibilities from day one.
• Promote Employee Loyalty: Demonstrating a commitment to the well-being and success of new hires through relocation assistance can contribute to building a sense of loyalty among employees. It also signals to the company’s pledge to the employee by investing in their move.

When to Offer Relocation Assistance

Determining when to offer relocation benefits to new hires depends on various factors. Consider these common parameters when outlining employee eligibility to receive mobility benefits: 

• Geographical Distance: What distance from the home location is the new hire being asked to relocate. For significant distances (>300mi) from their current location to the company’s designated work site, providing relocation assistance becomes necessary, whether it’s a domestic or international move.
• Specialized Skill Sets: For candidates with specialized skill sets that are in high demand, offering relocation assistance can be a compelling incentive to secure applicant job acceptance. The key is to distinguish your company among competitive offers.
• Senior-Level Positions: When hiring for executive or senior-level positions, providing comprehensive relocation packages is often expected as part of the overall compensation and benefits package. MovePlus Mobility’s Advocates provide enhanced VIP support to executives.
• Intern, Rotational and Short Term Assignments: For companies focusing on project-driven short term assignments such as rotational nursing positions or a summer intern programs, offering relocation assistance is required given the nature of the program.

To learn more about how MovePlus Mobility will help you leverage corporate relocation to enhance your organization’s talent acquisition and retention, schedule a complimentary consultation with our team at info@moveplusmobilty.com.