Easily Replace Required Fields in the Relocation Policy

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How to Replace Required Fields in the Relocation Policy

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Brians aftercare today I want to talk about relocation packages so if youre someone who would consider relocation for the right position or if youre a recruiter and youre currently working on a position that offers relocation and you havent had much experience with relocation packages then the information Im about to provide to you should be very very valuable so what I want to do is break this up into two separate videos the first one today is going to be more about essential relocation facts that everyone should know and consider prior to even considering a relocation package and the second videos could be much more about the actual packages themselves and what to look for how do you know youve been offered a really good package and then are there any elements of the relocation package that are negotiable okay so want to jump right in and just you know over the past five years Ive probably relocated about 40 people and since August first when I started my own company Im now

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is 5000 a good relocation package?

While $5,000 upfront might seem like a generous amount, when you consider everything that goes into the cost of relocating, it may fall short and leave your employees frustrated and paying out of pocket.

How do I negotiate more relocation assistance?

How to negotiate relocation assistance Research typical relocation packages. The first step is to find out what kinds of relocation assistance are typical for someone in your particular situation. Assess your own needs. Ask yourself what you might need from a relocation package. Emphasize mutual benefits.

How do I ask for a higher relocation bonus?

Ask directly or be upfront about your needs: If receiving relocation assistance is non-negotiable for you, its best to be upfront about it. It doesnt hurt to ask what the policy is just hold off on asking for something specific until you have an offer.

Should a relocation bonus be taxed?

Bonuses and employer paid moving expenses, such as house hunting relocation reimbursements, qualify as additions to employees taxable income and require employers to pay standard payroll taxes such as Federal, State, and FICA.

How much should you ask for relocation?

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 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.

What is a good relocation bonus?

How much is the average relocation package? This number can vary dramatically from $5,000 to $75,000 depending on the employee. A manager who has worked for the company for 25 years has made roots where they live and will likely have a much more challenging (and expensive) move. Employees that own homes vs.

What should a relocation package include?

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.

What is fair to ask for in relocation package?

Typical relocation packages usually include temporary lodging expenses, the cost of moving, job assistance for your spouse, traveling costs, and assistance in selling your home.

How much is a typical lump sum for relocation?

If the company was going to cover the entire relocation, theyd offer anywhere from $10,000 - $14,999. So if your company is going to offer you a lump sum, you should expect to see somewhere within that range.

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Replace Required Fields in the Relocation Policy