Here’s the real challenge. The demand for HCIT talent has already started and organizations that want to attract the very best and get the right people on the bus will need to evaluate their relocation assistance policy – now! Those that “get it” are already reaping the rewards of finding great people and have stepped up their relocation packages to help their new recruits off-set some of the pain and suffering they have experienced by having to sell in this down market.
I’ve seen increases in relocation packages for:
· Travel to and from the new city
· Interim living expenses
· Extra dollars to off-set real estate commissions
· Larger signing bonuses candidates can use for relocation expenses
· Lump sum payments of 2-4 months of net pay to help defray costs
The days of hiring a search firm or conducting an internal search for outside senior level talent has changed for the foreseeable future and organizations that want to scale and grow by hiring the best talent available should look closely at their relocation policy and make the necessary changes to remain competitive. The strategies you will need to attract top HCIT talent should not be hindered by having an old-school relocation policy. Make positive changes today.
If not - I’m (100%) sure your competition will.