25 Nov
Take Advantage of JobsOhio Relocation Assistance Program
Posted By: Steve Haar Comments: 0 Categories: Chillicothe, Columbus
Recruiting talent is a shared challenge among all companies. In the STEM (science, technology, engineering, and mathematics) disciplines, this is particularly true. Hiring these highly skilled employees pits companies against one another, both locally and nationally. JobsOhio is helping local companies avoid the revolving door of employee poaching and become more competitive on a national stage.
The Relocation Assistance Program provides $15,000 for each qualified out-of-state-to-in-state transfer(Check the JobsOhio website for details). What makes this program especially unique is the latitude it gives employers in how they apply the $15k. The flexibility allows employers to create hiring packages that make sense for them and the new hires.
As potential employees consider their options, many factors beyond salary come into play, not least of which is the difficulty of relocating to a new state. The easier a company can make this transition, the more likely they are to be able to sign on the new employee. Here are some ways a company can use the $15,000 to ease the burden of relocation.
Temporary Housing Assistance
When it comes to an unfamiliar city, deciding where to live is difficult. It is almost impossible to know the character of a place in a one- or two-day visit. Providing temporary housing lets prospective employees get to know the area and explore the city, helping them make a better, more informed decision about where to live. Providing funds to cover 1-3 months of housing gives the employee this chance and shows that you take their well-being seriously.
Rent Assistance
Depending on the areas, landlords may require first and last months’ rent plus a deposit. For young professionals, this can pose a substantial hurdle to relocation. A lump sum rent assistance can help new employees (especially new grads) qualify for a lease and hit the ground running at your company.
Relocation Moving Allowance
Long-distance moving involves many moving parts and a significant expense. Providing a lump-sum moving allowance helps employees cover the cost and may allow them to have additional move-related services that help ease their minds during the relocation. Things like professional packing & unpacking or temporary storage make moving easier and allow employees to settle in faster.
Employee Relocation Program
Depending on the size of the company and the frequency of employee relocations, a corporate relocation program ensures consistent, reliable service for your employees. Many relocation programs have tiers based on an employee’s position. Applying a portion of the JobsOhio funds to upgrade the employee support can provide another enticement during the hiring process.
The JobsOhio Relocation Assistance Program is highly flexible and supports employee recruiting. By creatively applying the funds to solutions that matter most to your prospective employees, your company can derive much greater value from the $15,000.
