Banking and financial services has always been a competitive sector, but with the introduction of fintech, it is now vital for institutions within the UK sector to make smart hires of those with technical and specialised skill sets to bring true value and innovation to a company. This will often involve looking beyond the local talent pool to find exceptional talent from other cities or countries.
Hiring a new employee who also needs relocation assistance will involve including relocation support in a job offer. This is often a lump sum upon accepting a job offer which can be spent on relocation costs such as housing and transportation.
This guide will help you put together a relocation package which considers every factor which may stress out your new employee, provide practical assistance, but also protect your business from losing out on the investment if your new employee leaves their role unexpectedly.