What is a generous relocation package?
A generous relocation package covers all moving expenses and will give employees ample time to find their new home. ARC Relocation can help with various factors associated with relocation. This includes finding movers to assist with your employees relocation, packing and unpacking services, and vehicle shipping.
How do you write a relocation message?
Your announcement should include: The date of the relocation. Details of where youre moving to. The reasons for the move e.g. more/less space, a cheaper deal, better connections. The benefits of the move for employees e.g. better facilities, more flexible office space, bigger social areas.
What is a typical lump sum relocation package?
So, what is a lump sum relocation package? Put simply, its money that covers the moving-related expenses you incur during your relocation. The average lump sum relocation package typically handles your moving expenses, transportation costs, closing costs, and temporary housing if necessary.
How much should I ask for in a relocation package?
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. However, keep in mind that the more you are willing to give, the harder it may be for a candidate to refuse your offer when you negotiate moving expenses!
What is usually included in a 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.
How much should I expect in a relocation package?
The full costs and figures can vary depending on the individual and their package however, as an example, payments are typically between $2,000 and $100,000. How do you negotiate a relocation package?
Do companies really make you pay back relocation?
Payback clauses generally cover the first year of relocation, sometimes the first 18 or 24 months, but Ive not seen anything longer than that, he says. At Exelon Corp., a national energy services company based in Chicago, an expense repayment agreement is executed when the employee agrees to relocate.
What does relocation assistance usually include?
Relocation assistance can cover many aspects, like moving and transportation costs, packing and unpacking services, residence arrangement, temporary lodging, acquisition of a new residence, cultural training, mortgage assistance, and language training.
