Stay up to date
Subscribe to the blog for the latest updates
Offering a Competitive Relocation Package for Healthcare Professionals
Various research firms report the typical relocation package for physicians at somewhere between $8,000 and $15,000. These funds are provided to help healthcare professionals cover the expenses that come with moving such as hiring professional movers, shipping personal belongings, and travel costs. Some of these packages also offer some form of temporary housing to help them and their families move between homes.
On the other hand, few healthcare relocation packages offer support services that make moving logistically easier. While this is often standard in the corporate world, it is lacking in healthcare. These logistical services could include realtors, movers, and even professional troubleshooters. Do not underestimate the value of this logistical support. It is invaluable, especially for healthcare professionals who often work extended hours and have little time to spend on searching and coordinating a move.
Perception is Reality – Relocation Done Right
There is a saying that perception is reality. Those relocation packages that go above and beyond, focusing on the candidate as a person, create loyalty. If a company is willing to not just offer money but also logistical and emotional support, this is going to paint a picture of the potential employer as caring.
But relocation support comes in different shapes and sizes. Today’s employees aren’t just looking for a relocation bonus but actual support that will help them take control of their personal moving needs. Access to information and the power to choose how their move is orchestrated is key to making a relocating employee comfortable.
These added logistical support services do not have to be unmanageable. Relocation management software like UrbanBound gives employers control over their costs while giving employees all the tools and control they need to manage their relocation.
Remaining Competitive in a Changing Healthcare Market
Clearly, attracting the top healthcare talent in the market is more important than ever before; however, there are significant challenges that come with this. Younger, innovative, and inspired professionals are looking for more than just a competitive salary. If you're an employer, consider a new approach when it comes to presenting benefits. If you’re not offering relocation incentives or your current relocation program is lacking, consider a new approach to relocation to help you remain competitive in an ever-changing healthcare market and stay ahead of the competition.