In a period of rapid growth, which many health care, bio-tech, pharmaceutical, IT and alternative energy companies (to name just a few) are facing today, the ability to draw from a global talent pool can help them scale their growth to meet market demand. A lack of talented employees, specifically in the R&D and high-level executive areas, can mean lost opportunities.
We've identified several keys to attracting top talent from anywhere in the world. Offer prospective new hires:
Competitive salaries, excellent benefits - This one is a no-brainer that many companies miss. To recruit top talent, you need to recognize them with fair salaries. If your business is located in an area where the cost of living is low, you may have an advantage, especially when recruiting employees from larger cities.
Competitive relocation benefits packages - Through benchmarking studies, CapRelo can help you identify what constitutes competitive relocation benefits in your industry.
A low-stress move - To make a move truly low-stress, every aspect has to go smoothly, including real estate sales in a down market. Experienced executive relocation companies know how to bring in the resources to help homes sell quickly and at a fair value, and how to structure relocation packages so employees don't take a loss on their home sale.
A better quality of life - This is a key to successful executive recruiting and retention, but you can't put a price on it. Orientation tours and support (for the relocating executive, as well as the spouse, kids and possibly aging parents) can go a long way in successful employee recruitment -- and the growth of your business.