These are the costs involved with selling a home or early break of a lease. If the employee needs to start on a certain date, businesses may also consider temporary housing. Thanks to the rise of shared hosting programs like Airbnb, companies can avoid hosting someone in an expensive hotel, although that option is still. Temporary housing can help the employee adjust to the new place in a month or two.
Along with the rental costs for those two months, companies usually cover utilities as well. The size of your relocation package and what it covers will vary depending on factors such as the company, the distance you have to move, the size of your family, where you are in the company, and how quickly the company expects you to move (all of this can be used as a lever in your negotiation). later). Larger companies that relocate their employees all the time could combine lump sum or reimbursement along with organization and direct payment for moving services and logistics.
If the company expects you to move because of your work, it should provide you with some form of relocation assistance. Once you and the company agree on a compensation package for your relocation expenses, be sure to record that agreement in writing. Another concern (which is less openly discussed) is how the relocation policy reflects on the company's reputation. That's why it's so important to know that relocation packages vary a lot from company to company and some of them include some very good advantages to make moving easier.
Although most companies have a mostly resolved relocation package by the time they offer a job, employees may have individual needs or requests to make the move as simple as possible. While the final cost of an employee relocation package varies widely, there are ways companies can estimate and reduce these costs. As the economy slowly emerges from the recession, the number of companies offering relocation assistance (or relo in terms of human resources) continues to increase. Most companies see relocation as a valuable recruitment tool, so a bad or non-existent policy could hurt their chances of attracting top talent in a competitive job market.
The best way to get what you want when negotiating relocation is to explain how the money spent on your move will ultimately benefit the company. Relocation provider Relogo can help you along your journey to ensure you have a smooth relocation experience. Companies are more willing to help you with the relocation if they think it will be a valuable addition to the team. The company often places you in an executive condominium, apartment or house that is used for relocation purposes.