CFODailyNews.com » Would you pay to relocate a new hire? What your peers said

Would you pay to relocate a new hire? What your peers said

February 2, 2012 by Jared Bilski
Posted in: Benchmarking, In this week's e-newsletter, Latest news & views, Management issues

When it comes to hiring new workers, employers want the best – and they’re willing to go to great lengths to get it.

In fact, 32% of employers said they’d be willing to pay to relocate new employees in 2012, according to a recent study by CareerBuilder.

And many employees appear to be more than willing to accept a job that requires them to relocate. The study found that almost half (44%) of employees said they’d be willing to relocate for a career opportunity.

When it comes to relocating, the top challenges employees cited included:

  • cost of living (26%)
  • increased stress on the family (24%), and
  • difficulty making new friends (24).

However, of the employees that relocated in the last year, more than three-fourths (77%)  said they were happy with the move and didn’t regret the decision.

Readers, would your company pay to relocate new hires? Let us know in the Comments section.

 

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