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3. Give Them Back Their Time
Physicians are very busy people at the best of times—but perhaps never more so than when they’re transitioning between two practices, two homes and two cities.
Relocation involves myriad moving parts: packing and transporting household goods, selling a house, buying another, learning a new city, helping the family acclimate. The best relocation benefit plans don’t just provide a moving allowance, but simplify the entire process—another reason to turn to relocation technology. In just a few clicks, doctors can request quotations from multiple movers, lock in an agreement, and explore their new city online—all while tracking their expenses and progress in real time.
4. Give Them Tax Gross-ups
Many professionals—medical and otherwise—are shocked to learn that relocation benefits are now taxable, but unfortunately, that is now the case.
Fortunately, there is a workaround, one that many top-tier employers use—that is, “grossing up” new hires’ relocation benefits to cover the cost of incurred taxes. Yes, it’s a bit more expensive for employers, but from a good will standpoint, relocation tax gross-ups are worth every penny.
5. Give Them Peace of Mind
Moving is one of life’s top most stressful experiences—and the last thing you want is for your new doctors to show up for their first day exhausted and distracted.
In short, your physician relocation benefits should ensure that your new hires are treated to a smooth relocation experience. That no detail falls through the cracks. That all your recommended vendors are thoroughly-vetted, proven performers. And that relocation experts are always on stand-by to assist with any unexpected eleventh-hour crisis.
When your relocation program provides employees with peace of mind, they not only arrive focused, rested and eager to get to work. You also set the stage for a long, mutually-beneficial relationship that will drive retention rates upward and pay for itself many times over.
Could your physician relocation program benefit from an update? To see how healthcare organizations like The University of Vermont Health Network and St. Jude Children’s Research Hospital have reinvented their programs, download our ebook, What Healthcare Professionals Want.