Refining the Relocation: A Dimensional Search Perspective

When it comes to hiring the best talent, relocation often becomes a necessary consideration. Whether relocation is a common practice or reserved for unique circumstances, refining the process is essential to ensure a seamless transition for the candidate, their family, and the organization. At Dimensional Search, we understand the complexities involved and are committed to providing a smooth and efficient relocation experience.

The House: Preparing for a Successful Sale

One of the first steps in the relocation process is addressing the candidate’s current housing situation. If the candidate owns a home that needs to be sold, the complexity of the relocation increases. Here are some key actions to include in your checklist:

  • Conduct a Comparative Market Analysis (CMA): Contact a realtor to perform a CMA of the candidate’s home. This analysis provides an accurate picture of how the property compares to others in the neighborhood and helps determine a competitive listing price.
  • Gather Multiple Listing Service (MLS) Data: Request MLS data from the realtor to ensure the listing price is competitive and the home will sell within a reasonable timeframe.
  • Compile Financial Information: Gather details about the monthly mortgage rate, equity or negative equity in the home, and any associated closing costs or realtor fees.
  • Calculate Moving Costs: Know the square footage of the home and storage areas to accurately estimate the cost of packing, shipping, and moving.
  • Consider Mortgage Rate Differentials: If the candidate’s mortgage rate will increase with the purchase of a new home, consider including a mortgage rate differentiator in the offer to offset the difference.

The Reimbursement: Clarifying Relocation Expenses

Reimbursable expenses are often one of the most ambiguous components of relocation. To streamline this process, consider offering a fixed fee based on whether the candidate rents or owns, adjusted by the square footage of the home. If you prefer a more detailed approach, consider the following:

  • Interim Housing: Will you reimburse for temporary housing if needed? What about home-hunting trips prior to the move?
  • Incurred Expenses: Define what is acceptable for reimbursement, such as deposits for utilities, cleaning services for the old house, and rental car costs while the candidate’s vehicle is being shipped.
  • Financial Assistance: Will you provide financial assistance for double mortgage or double rent payments? What about reimbursement for trips back home if the candidate relocates before their family?
  • Tax Liabilities: The candidate will receive an economic benefit from many relocation costs. Will your organization cover the tax liabilities associated with these benefits, or is it the candidate’s responsibility?

The Family: Addressing Emotional and Practical Needs

The family aspect of relocation can be the most challenging. Emotional decisions often play a significant role, and understanding the needs of the candidate’s family is crucial. Here are some steps to ensure a smooth transition:

  • Get to Know the Spouse: If the candidate is married, learn about the spouse’s employment, income, and plans for work in the new city.
  • Consider Children: Provide information about schools, including details on blue ribbon school systems, city-wide events, attractions, must-visit restaurants, and cultural exhibits.
  • Create a Welcome Packet: Develop a comprehensive packet highlighting what makes your city great. Include personal touches and detailed information from your state and city visitor’s bureau to make it valuable and engaging for the candidate’s family.

The Recruiter: Facilitating a Smooth Transition

At Dimensional Search, our recruiters go above and beyond to ensure every aspect of the relocation process is handled with care and precision. Here’s how we support your organization and the candidate:

  • Trusted Partnerships: We work with reputable companies to assist with the move, ensuring a smooth and efficient process.
  • Community Introductions: We set up visits to introduce the candidate and their family to the area, schools, and community.
  • Relationship Building: We build strong relationships with all parties involved in the decision-making process, providing insights and feedback throughout the vetting process.
  • Ongoing Consultation: We consult with both the organization and the candidate on an ongoing basis, anticipating and addressing unique challenges that arise during relocation.

Our goal is to provide a seamless relocation experience, minimizing stress and maximizing satisfaction for everyone involved. By considering the details and preparing thoroughly, we ensure a smooth transition and a positive outcome for the candidate and your organization.

By leveraging these resources and our expertise at Dimensional Search, you can refine your relocation process, ensuring it is as smooth and effective as possible.