The Hidden Costs of Employee Relocation (and Why Employers Should Care)

by Evil HR Lady on January 23, 2019

Stress at work isn’t limited to aggressive deadlines or closing important deals. In fact, work stress can start even before employees show up on the first day, during the relocation process.

According to one report, two of the most stress-inducing life events are moving and starting a new job. When you hire someone who needs to relocate, their stress levels are already high—and if you don’t ameliorate that with a good relocation package, you’ll add financial stress to the overflowing pot. With so much for a relocating hire to consider, it’s almost a guarantee that your employee won’t begin their new job on the right foot if you don’t offer to help.

To keep reading, click here: The Hidden Costs of Employee Relocation (and Why Employers Should Care)

{ 4 comments… read them below or add one }

Elizabeth West January 23, 2019 at 4:21 pm

All I ever see is “local candidates only, no relocation assistance.” They expect you to move to a high-COL area and then they’ll hire you, maybe.

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MtnLaurel January 23, 2019 at 4:24 pm

And be creative! I asked about relocation assistance..was told that the company didn’t provide it, but the supervisor came up with a salary bump that covered the costs over 2 years. I was happy and so was she.

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MariaRose January 23, 2019 at 7:27 pm

Considering that moving costs/and /or incentives are no longer considered a tax deduction, the wording of this would have to be creative to be acceptable under the new Tax laws in the USA, at least for those high income jobs.

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Lauren January 31, 2019 at 6:30 pm

What is a ‘good’ relocation package for a east coast to west coast move? For a renter vs. a home owner? What about US to Europe?

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