What is a good relocation package amount?
An average relocation package costs between $21,327-$24,913 for a transferee who is a renter and $61,622-$79,429 for a transferee who is a homeowner. Of course, this number is just an average of what larger corporations are spending on employee relocation – the relocation amount can be anywhere from $2,000 – $100,000.
What is an employer provided relocation package?
In this type of relocation package, employers cover expenses beyond moving and transportation. They might help employees and their spouses obtain work visas and provide paid trips to their new work location to find housing prior to their move. They also might help employees with cultural assimilation once relocated.
What is a fair relocation package?
A typical relocation package usually covers the costs of moving and storing furnishings, household goods, assistance with selling an existing home, costs incurred with house-hunting, temporary housing, and all travel costs by the employee and family to the new location.
Will a company pay for relocation?
There Is No Obligation for Employers to Cover This Expense: No laws require moving assistance. Employers may offer it as a perk at their discretion. When Offered, Job Relocation Packages Vary: Some will offer a lump sum, while others will ask you to track your receipts for reimbursement.
What are corporate relocation packages typically include?
Typical Corporate Relocation Packages. Relocation packages typically come in one of four forms – lump sum, reimbursement, direct billing, or third-party relocation. Lump sum – Your company will provide you with a pre-negotiated, one-time payment. You have the freedom to spend this set amount of money however you’d like to fund your
What to expect in a typical relocation package?
Metro: Lower fares and more frequent service.
What are the top corporate relocation services?
Preparing to Relocate Your Business. You won’t know in advance all the complexities of your move. Be prepared for some surprises.
What are typical relocation packages?
Packing service.…