HR Topics  Relocation Resources
Are Your Recently Relocated Employees Bait for Talent Poachers?
No matter what industry you’re in, your competitors are on the hunt for the best staff — even if they’re already taken. Talent poaching is a serious problem. No one wants their star employees to fall victim, but managers often shy away from the issue and end up losing their best people.
The U.S. Department of Labor estimates that over 2M job postings continue to go unfulfilled. And even though the ranks of people out of work remain high, companies have shown unprecedented selectivity by targeting the best employees of their competitors.
U.S. Department of Labor reveals proof of poaching: The number of “hiring events” per month can be as high as 4M, even as “net-new” jobs added to payrolls stay stuck in the 200K range. This confirms that people currently with jobs are actively transitioning from one employer to another. It also suggests that “A-Players” are being poached in an aggressive manner. Competitive rivals and newly formed start-ups seek the industry experience and relationships of A-Players who have unique skill sets that the position demands. The pattern is expected to continue well into the future.
Although talent poaching has been around for years, a new trend is emerging. Poachers are now targeting people who have recently relocated. Poachers view these employees as easy targets because they have already shown willingness to make major changes in their careers. But again, it begs the question….”WHY did they leave so soon?” Let me paint you a picture called,” A day in the life of a recently relocated employee.” It can go two (very different) ways:
Happy, settled and productive – focused on the job knowing their family/spouse/partner are settled and/or are supported by a relocation coach,
Employee is not settled and/or receiving numerous calls and complaints from family at home. Either situation leads to an unproductive, unfocused employee.
We all know the old saying, “A happy wife, a happy life.” Well, when it comes to relocating employees, this saying holds merit. Relocating an employee – whether single or with family in tow – can be a challenge if they are not supported with services to help them adjust, find employment, and most importantly, feel settled in the community and/or company culture. When the spouse/partner is unable to find employment, or if the employee feels the area they moved to just doesn’t “fit” – they are at the highest risk of being poached.
Single employees who have been relocated are also at risk of being poached and benefit greatly from acclimation support. In fact, more than 30% of “single” employees who relocate for a job are responsible for a dependent. Therefore, school information, neighborhoods, activities, and community life are not just about the employee. They need to make sure their children are supported, yet, have little time to spend researching information while at work.
The best way to fend off poachers and retain employees is to provide the necessary tools and support to help them feel established and settled in their new area. Relocation Support Services are necessary insurance that protects your high potentials from being poached right from under your company. Don’t become another poaching statistic. Keep your talent close and your hunters away by learning more about relocation support services.