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Save Relocation Agreement

Aug 6th, 2022

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How to Save Relocation Agreement

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In today's video, Ben Preston discusses the increasing trend of relocations for jobs. He highlights the importance of understanding relocation packages, which include various benefits and costs associated with moving to a new location for work. The video aims to inform viewers about what to expect in these packages and the potential advantages of relocating. Ben invites viewers to subscribe to the channel and engage with the content. He also plans to dive into specific relocation expenses, setting the stage for a detailed discussion on what individuals should consider when planning a move for a new job opportunity.

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.

Do I have to pay back relocation package?

The most common relocation repayment requires repayment in full if termination of employment is within 12 months after relocation or a prorated amount for up to 2 years. If a move is in process when employment ends, unused benefits typically cease immediately.

What is a good lump sum relocation package?

Of those companies, most companies are providing anywhere from $2,500 to $4,999. 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.

What is a reasonable 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 is a good relocation bonus?

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. those who rent will also jack up the package cost.

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