Rolling Out the Red Carpet: How UK Companies Are Winning Talent with Luxurious Relocation Packages

In today’s competitive talent acquisition landscape, British companies are increasingly adopting innovative strategies to attract top-notch professionals. One compelling approach is the offering of comprehensive relocation packages, transforming a potentially stressful move into a luxury experience. 

 

Such packages have shifted from basic logistical assistance to all-encompassing services that cater to individual needs. Pioneers in this field, like Wilkinsons, provide VIP and executive removal services that transcend traditional moving support. They offer a luxurious, seamless, and highly discreet service, ideal for high-profile individuals like CEOs and celebrities. This level of personalisation in relocation is a clear indicator of treating employees not merely as staff but as invaluable business partners. 

 

The role of relocation packages in talent acquisition and employee satisfaction is crucial. When a company decides to relocate an employee, it’s a significant demonstration of commitment. In today’s globalised job market, attracting the best talent often requires looking beyond local talent pools. Covering part or all relocation expenses allows businesses to access a broader and more diverse range of skills. 

 

The financial commitment for companies in employee relocation is notable. On average, businesses might spend around £16.2 million annually on relocations. The cost of relocating a homeowner can reach up to £97,000, while for a renter, it’s generally less, around £24,000. These figures include more than just moving belongings; they encompass housing support, family and cultural integration services, and more. 

 

There are various relocation package types, such as lump sum, tiered, managed budget, and fully covered packages. The fully covered packages, typically reserved for senior employees, can have high and unpredictable costs. In these cases, having a specialised relocation provider manage the package can help control unnecessary expenditures. 

 

For companies, offering relocation packages has extensive benefits. It broadens the talent pool, reduces vacancy rates, enhances the company brand, improves employee retention, and promotes knowledge transfer. This holistic approach not only attracts superior talent but also cements a company’s reputation as an employer that genuinely invests in its employees' welfare. In the long run, a well-managed relocation package can give a company a competitive advantage and yield substantial benefits. 

 

In summary, as the corporate world grows more global, the demand for effective and attractive relocation packages is more pronounced than ever. British companies like Wilkinsons are leading the way, turning the relocation process into a VIP experience, benefitting both the employees and the company’s standing in the market. If that sounds like you, and you need to arrange an employee relocation, we're here to help.