In the ever-evolving landscape of global talent acquisition, companies are facing a new challenge – providing suitable accommodation for their employees relocating from overseas. Australia, is grappling with a housing shortage crisis, prompting some forward-thinking companies to take matters into their own hands. In this blog post, we explore short-term and long-term accommodation solutions and shed light on how some companies are getting creative with housing options for their international hires.
To gain insights into the current state of accommodation solutions for overseas talent, we sat down with Marelise Ludewig, property specialist at Grace. Marelise has over 20 years of corporate mobility services experience, assisting Grace’s corporate clients with their company housing portfolio while also managing multiple tenanted properties to ensure her clients are compliant with state regulations.
How significant is the housing shortage issue in Australia, and how is it impacting companies hiring talent from overseas?
The housing shortage in Australia is the worst I have ever seen. It has become a significant concern, particularly in remote areas. The demand for housing has outpaced supply, leading to rising property prices and limited accommodation options. This directly affects companies looking to attract international talent, as securing suitable housing for their employees has become a major hurdle.
What are some common short-term accommodation solutions that companies are opting for to address this challenge?
Companies are increasingly seeking longer-term accommodation options for stability and future planning, leading to a shift in the industry. While temporary housing solutions like serviced apartments, extended stay hotels, and corporate housing still play a role, there’s a growing demand for more permanent arrangements.
Some of our clients are renting cabins at caravan parks located in regional areas. And in places where there’s a significant shortage, Grace has provided luxury caravans to clients until long-term accommodation becomes available.
Are there any examples of corporations taking innovative steps to tackle the housing shortage for their overseas hires?
The current trend involves providing fully furnished and equipped homes for employees on a shared basis, with the company handling cleaning, gardening, internet, streaming services, and in some cases, consumables. Many of Grace’s clients are securing lease agreements in the name of the respective company. This setup works well for single employees who receive housing assistance and are open to sharing. Couples and families typically receive their own dedicated home.
How do these leased accommodation options benefit both the employer and the employees?
As an employer, when you rent long term for your employees, it becomes a win-win situation. You ensure that your staff has access to suitable and affordable housing, reducing the stress and uncertainty associated with relocation. From your employees’ perspective, having company-provided housing fosters a sense of community and support, as they are surrounded by colleagues who are also navigating the challenges of moving to a new country.
The housing shortage in Australia poses a complex challenge for companies seeking to attract international talent. However, as demonstrated by some forward-thinking corporations, innovative solutions are emerging. From short-term accommodations to leasing shared company houses for employees, companies are taking proactive steps to address the housing dilemma and ensure a smooth transition for their overseas hires. As the business landscape continues to evolve, these creative approaches to accommodation may become increasingly common, reshaping the way companies support their global workforce.
