What is a Company Relocation Package and How Can It Help You?

Relocating for work can be a stressful experience, but it doesn't have to be. Companies often offer relocation packages to help employees move to a new location for work purposes. A relocation package is an offer by the company to cover the cost incurred during the relocation of existing staff or a new employee. It can include a variety of services, such as packing and unpacking services, airfare, child care costs, and more.

A Global Business Opportunity (GBO) is another option that companies may offer. In this case, the relocation company buys the house from the employee at fair market value before selling it to an outside buyer. A lump sum is usually negotiated between the employee and the company before they begin to relocate. Relocation packages can vary greatly depending on the company and how much they are willing to cover.

Generally, they include professional packing services, temporary housing, airfare, and other costs associated with moving. Technology employees in leadership positions may be offered more generous packages that meet their family's needs. When considering a relocation package, it's important to negotiate within reason and understand that not all packages will be negotiable. You should also consider what aspects of your relocation experience are important to you and make sure they are included in your package.

Shyft is one example of a company that combines the logistics management of relocation technology with personalized service. They provide a comprehensive solution for companies looking to offer their employees a stress-free relocation experience. In today's global economy, offering employees options in relocation packages provides incentives for current and future employees to stay and pursue careers within a company. It also allows employers to find some of the best candidates from outside their city and increase their talent pool.