Are you having trouble recruiting top talent from across the region, country or even the world?
In the report 2011 Outlook on Talent Strategies, Jeff Schwartz, principal, Deloitte Consulting LLP, noted a great divide. Even with unemployment rates high, managers and business owners face challenges in recruiting top talent. “High unemployment rates in the U.S. and abroad have not created the talent surplus many would have predicted,” he wrote, a fact supported by the company's “Managing Talent in a Turbulent Economy survey.”
HGS Recruiting Record Doubles
Human Genome Sciences (HGS), a biopharmaceutical firm that works with CapRelo for all their company relocation services, faced this exact problem. With two exciting new drugs coming on the market, the company needed to beef up its Virginia offices with additional engineers, researchers and high-level executives. But their recruiting rate was just 30 percent; HGS was losing good people before they even started.
CapRelo completed an extensive benchmarking survey, comparing the company relocation services offered by HGS with other firms in their industry, and discovered HGS's lump-sum relocation package was not competitive, especially in an area where many homes were “upside down” and employees couldn't sell without taking a loss.
We re-structured the company's relocation policy, paying close attention to home sale benefits and to providing high-level customer service to top talent. Since we restructured the program, the company's recruiting record has gone up to 60 percent and is still rising.
If you're having trouble recruiting top talent and don't know why, let us offer company relocation assistance that will help bring the best employees to you.