If you provide relocation support to junior employees yourself, you may be saving money in the short run. But it is a false economy. Here's why.
The pale shadows of apricots
When I was little, my grandmother used to spend a lot of time and effort making apricot jam from scratch.
If now you think "aww... memories!", beware: The puny, shrivelled apricots she used came from a set of trees in her garden that were probably cursed. Or it was the altitude, I don't know. In any case, the jam ended up being pretty lousy - sour, lifeless, mediocre.
Introducing the Relocation Allowance, an HMRC tax and social security relief for companies and employees.
Temporary Workplace Relief, an HMRC tax and social security break for companies and employees, is applicable in cases of long-term, project-based temporary assignments. It can save you a LOT of money.
Read MoreThere is a world of opportunity outside our borders. If you are a company in Europe and you aren’t actively recruiting junior staff internationally, you’re missing out on a huge pool of talent and diversity.
Read MoreNothing worth having comes easy. Especially not A-Player job candidates. Companies outbid each other in perks and beef up salary offers to secure the best and brightest applicants for themselves.
For those millions of workers who relocate for a job in a new city or country, one particular perk is unique in its effectiveness: Thoughtful relocation support. No other perk provides such great value for money: At very little incremental cost, a well designed relocation support scheme for new starters can have a tremendously positive impact on a candidate’s performance and well-being, right from the start.