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re: Men of the OT, how much would it take to move?
Posted on 8/9/23 at 11:31 am to fareplay
Posted on 8/9/23 at 11:31 am to fareplay
I think this is a serious issue to attracting labor resources nationwide.
Just for it to be a lateral move, the following must occur:
1. Spouse able to transfer/doesn't work/gets new job as well
2. Costs even out- either move to lower cost of living area, or pay is increased for direct housing costs PLUS indirect costs (increased mortgage costs, utility use, taxes, tuition for private schools, etc... maintain existing level of disposable income).
3. Desirable area in which to relocate, with comparable properties to purchase to avoid capital gains taxes.
4. Increased flexibility for at least one parent due to loss of support network.
5. No geographic limitations from non-compete agreements, custody arrangements, etc.
The financial risks are too great to relocate for potential advancement- the increase must be immediate and tangible.
People who think they can draw out of town candidates need a reality check... that will only work if you are located in a lower cost of living area that people in the experience bracket you are targeting wish to move to. Otherwise, prepare to back the truck up, which is going to cause you to match or lose current employees.
Just for it to be a lateral move, the following must occur:
1. Spouse able to transfer/doesn't work/gets new job as well
2. Costs even out- either move to lower cost of living area, or pay is increased for direct housing costs PLUS indirect costs (increased mortgage costs, utility use, taxes, tuition for private schools, etc... maintain existing level of disposable income).
3. Desirable area in which to relocate, with comparable properties to purchase to avoid capital gains taxes.
4. Increased flexibility for at least one parent due to loss of support network.
5. No geographic limitations from non-compete agreements, custody arrangements, etc.
The financial risks are too great to relocate for potential advancement- the increase must be immediate and tangible.
People who think they can draw out of town candidates need a reality check... that will only work if you are located in a lower cost of living area that people in the experience bracket you are targeting wish to move to. Otherwise, prepare to back the truck up, which is going to cause you to match or lose current employees.
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