Corporate Mobility & Talent Recruitment Trends
During tight labor markets, the like of which we've experienced until recently, employee benefits can be the difference between securing that "perfect fit" employee or losing them to a competitor. One benefit often overlooked by companies that can be of paramount importance, particularly to new hires or promoted existing employees that must relocate for a position, is relocation and moving. Given the extensive amount of time and effort required to source, organize, coordinate and implement a move, especially interstate, cross country or international moves, it's not surprising that new hires and existing employees would highly value a benefit that handled the majority of move-related tasks for them and their family. However, do those benefits also translate to the hiring company? And does a comprehensive full-service relocation and moving program contribute to recruiting and retaining top talent?
While the novel coronavirus has had a profound effect on companies and their employees over the past few months, resulting in increased (albeit temporarily, in many cases) unemployment, many states and countries are already taking steps to slowly reopen and get back to business. For those companies that like to stay ahead of the competition, making their companies as attractive as possible to top talent is a must. This research study, commissioned by northAmerican Van Lines, provides industry-specific insight into how and why companies approach moving and relocation as an employee benefit. Here's what you can expect to learn:
- What companies, by industry and size, offer a relocation and moving benefit
- Whether companies consider a moving and relocation benefit to be a factor in recruiting top talent
- Types of benefits offered
- Whether lack of or a less than competitive moving and relocation benefit resulted in losing top talent (recruiting or retention)
And other insights. During challenging times like these, every company's top priority is the safety of its employees, customers and business. However, times like these also offer opportunity to prepare your company for the future. Being prepared to secure talent is one important way to ensure your company is positioned for success.
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