Cost of Living Benefits
If a new employee will be moving from a place with a low cost of living to somewhere significantly more expensive, it makes sense to offer cost of living benefits. This can mean anything from raising the employee’s salary to giving temporary benefits that will help them adjust to the difference in cost.
Home Purchase Assistance
Renters who are being asked to move for a new job appreciate home purchase assistance as part of a relocation package. You can provide incentives for new employees to purchase a home in their new city. Your company can offer to pay closing costs on a house, or bring down the interest rate on a mortgage.
It’s difficult to bring a dog or cat along on a long distance move. Assistance with transporting pets can make or break a relocation offer for a potential employee. Particularly if the move is international, help with the cost and organization of things like mandatory quarantines or temporary boarding for dogs and cats is very attractive to someone whose family is attached to their pets.
When your new employee relocates their family, their spouse may have to leave a job in order to make the move. Your relocation package should include job counseling and career help for employee spouses. Consider offering other counseling services for the family as a whole. Counseling will be an invaluable asset for children that will have to change schools and leave behind close friends.
Premium moving services are an essential part of any company’s relocation package. A move is an incredibly stressful event, regardless of distance. A reliable moving company will take care of packing and unpacking, protection of valuables, and all the heavy lifting that’s involved in transporting an entire household.
To have the best employees, you have to have the best relocation packages. It’s as simple as that. Visit our Web site today to see how Bekins can help you move your new hires.