Relocation – a term that’s likely to be on the minds of many new graduates as they transition from campus to corporate. But, is your organisation doing enough to support this critical life stage?
As we enter the season of extending employment offers to fresh graduates, it may be time to reevaluate your mobility program. Is it designed to attract top talent at all levels and set them up for success?
Sure, your organisation might have a well-rounded mobility policy in place. You may be offering various levels of relocation support, such as reimbursements, travel arrangements, and short-term accommodation. These are all essentials that help ease the transition for these young professionals.
But here's a question worth pondering - Is this enough?
For many graduates, this could be their first experience living away from home. While they might not have an extensive list of personal belongings to move, they likely will need substantial support in securing rental properties and acclimating to their new surroundings.
Consider this – they are potential first-time renters with no rental history or references. They may lack the knowledge to navigate the rental application process effectively. And at a time of transitioning from student life to a full-time job. You can imagine the stress levels.
In today’s competitive rental market characterised by low vacancy rates and high demand, finding suitable accommodation can be quite challenging, especially for first-time renters.
This is where destination services can make a significant difference.
An experienced relocation consultant, equipped with local market knowledge and connections, can guide these graduates through the rental application process, increasing their chances of securing suitable accommodation promptly. Beyond just finding a place to live, they can assist with familiarising them with local resources, amenities, and the practicalities of living and working in their new location.
By providing destination services assistance to your graduate employees, you can facilitate a smoother transition into their new roles and locations. This not only boosts their productivity and engagement from the get-go but also signals your commitment to their well-being and success.
Here are some key benefits of incorporating destination services into your graduate program:
Reduced stress and anxiety: Moving to a new city can be overwhelming, especially for young professionals. Destination services provide invaluable support in navigating the rental market and settling into a new environment, making the transition easier and less stressful.
Increased productivity: When graduates receive comprehensive support in finding suitable accommodation and adapting to their new surroundings, they can focus on their work more effectively. This leads to increased productivity and faster integration into their roles.
Enhanced engagement and retention: By demonstrating a commitment to the well-being and success of your graduate employees through destination services, you foster a sense of loyalty and engagement. This, in turn, can contribute to higher employee satisfaction and retention rates.
Competitive advantage in talent acquisition: Offering destination services as part of your graduate program sets you apart from other organisations competing for top talent. It shows that you prioritise the holistic development of your employees and are willing to go the extra mile to support them.
Positive employer brand and reputation: Word-of-mouth is powerful, especially among recent graduates. Providing destination services can generate positive feedback and testimonials from your employees, enhancing your employer brand and attracting future talent.
So, are you ready to redefine relocation support for your new grads?
Incorporating destination services into your mobility program can significantly impact the success of your graduate employees. By offering comprehensive support in finding accommodation and adapting to their new surroundings, you not only ease their transition but also demonstrate your commitment to their growth and well-being. Find out more about Crown’s destination services today and set your grads up for success.