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How to Sign 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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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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What is a typical 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.

What counts as a relocation expense?

Major relocation expenses can include: Real estate expenses buying and selling a home. Moving household goods, automobiles and pets. Short-term housing and storage. Airfare, car rentals and miscellaneous travel.

Is relocation considered a bonus?

The term relocation bonus takes on many different names. Essentially, its when the company provides each relocating employee with a fixed amount of money based on many determining factors. Some of these factors include: Higher cost of living in the new location. House hunting expenses.

What is the difference between sign on bonus and relocation bonus?

A sign on bonus is normally more intended to sweeten the deal or convince the candidate to accept the offer. Broadly speaking, a signon bonus is something a manager would likely initiate. Relocation is more likely to be standard for the company. Neither of these are mutually exclusive.

Is a signing bonus the same as a relocation bonus?

A signing bonus which is also known as a lump sum, cash, or relocation allowance.

Is signing bonus a relocation?

A signing bonus. Also known as a lump sum, cash, or relocation allowance. A relocation package with covered services. Often comes with the support of a relocation management company.

How much is a typical relocation bonus?

How much are you given 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.

What is a relocation policy?

The term relocation policy or relocation package refers to both the specific financial benefits an employee receives to offset the cost of their move and the logistical assistance provided to them. These benefits are often broken down into specific categories.

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