Healthcare Relocation Lump Sum Amounts Just Aren’t Cutting It - UrbanBound
Recruiting out of area healthcare professionals and providing lump sum relocation benefits is now a core part of healthcare organizations’ hiring strategy; yet, this provides little to no support or resources to relocating staff.
- Recruiting out of area healthcare professionals and providing lump sum relocation benefits is now a core part of healthcare organizations’ hiring strategy; yet, this provides little to no support or resources to relocating staff.
- In the Healthcare industry, relocation lump sums (or cash stipends) for early career or non-exempt positions tend to average between $5,000 and $7,500 and the amounts have not, and are not, expected to rise as most healthcare systems are focused on keeping costs low.
- “It’s extremely challenging to move cross-country for the amount that most Healthcare systems are paying,” said Jeff Ellman, Co-Founder of UrbanBound .
- “We have seen instances where the negotiated supplier incentives have doubled and even tripled the value of the lump sum,” said Ellman.