What is relocation assistance package?
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What is relocation assistance package?
An employee relocation package is a perk that companies use to assist new and current employees in moving from one location to another because the job requires it. This type of assistance happens more often in certain fields than in others.
What is reasonable relocation package?
A core or typical job relocation package usually covers the costs of moving and storing furnishings and other household goods, along with help selling an existing home and costs incurred house hunting, temporary housing if necessary and all travel costs by the employee and family to the new location.
What should I ask for in a relocation package?
Like these.
- Location Scouting Trips. One of the keys to an easy relocation is to make sure that you, your significant other, and your family are all on board with the decision.
- Temporary Housing.
- Whole-House Pack and Transport.
- Storage of Home Goods.
- Cash Stipend for Miscellaneous Expenses.
How much should you ask for relocation?
Potential employees will appreciate a generous relocation package, but sometimes that might not be in your company’s financial reach. Relocation packages can range in worth from $2,000 to $100,000. What services and the amount of money you decide to cover is entirely up to you and your company.
What can you use relocation money for?
Here are 15 expenses that an employer may be willing to cover:
- Hiring professional movers.
- Hiring professional packers.
- Moving boxes and supplies.
- Auto transportation services.
- Moving container services.
- Temporary or long-term storage rentals.
- Closing costs and Realtor fees.
- Lease break coverage.
Do you have to pay back relocation assistance?
Some relocation contracts require that employees pay their employers back for the expenses of their move should they leave their employment before the end of the agreed time. If there was no contractual agreement to repay, you would not have to reimburse the employer for the relocation costs.
How long does a company give you to relocate?
2 weeks
How much do companies offer for relocation?
How much to spend on an employee relocation package. There is a lot of research out there about the average cost of a relocation package, and a package can range anywhere from $2,000 to $100,000.
