Relocation & HR Trends

When offering prospective employees a relocation package, it’s important to put yourself in their shoes. The new employee has to weigh the financial and emotional cost of packing up their entire life and starting over against the benefits of the new opportunity.

Aside from being an incentive for top talent to accept your offer, supporting them through this process is essential, because it reflects positively on your company culture and leads to higher employee engagement. Here’s what to consider when offering prospective employees a relocation package.

Not all corporate relocations are created equal. Nor should they be! When it comes to offering an employee a particular relocation package, savvy employers will weigh multiple factors, starting with the type of employee and their anticipated tenure with the company. The distance of a move, the transferee’s needs, expected moving costs…these also should factor into the type of relocation benefits offered to employees.

Let’s say you have two employees in the same position, with similar personal situations, who are both relocating with your company. One is relocating from New York to Los Angeles, and the other employee is relocating from New York to London.