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Key takeaway: Employee relocation packages vary, but some options to consider include relocation reimbursement, a flexible start date, free visits, temporary housing, familial support, real estate cost assistance, pay adjustments or bonuses, and a payback clause.
A generous relocation package covers all of your moving needs and expenses and gives you ample time in which to find or build a new home. Of course, the dollar amount of that varies by location because some areas are more expensive to live in and others can be relatively inexpensive to move to.
How much should a lump sum relocation package be? For a flat lump sum, you should expect typically between $1,000 and $7,500. According to Dwellworks, employees across the nation receive an average lump sum of $7,200.
Across the nation, the average lump sum that employees receive is $7200. 56 percent of companies offered lump sum relocation assistance for travel expenses. 44 percent said that lump sums were used to cover the entire cost of the relocation.
The program does have some requirements, according NBC Nebraska: The worker must earn at least $20 per hour, must live in the city for three years and their employer must be a member of the town's chamber of commerce. Employers apply for the money on the employee's behalf.
The program does have some requirements, according NBC Nebraska: The worker must earn at least $20 per hour, must live in the city for three years and their employer must be a member of the town's chamber of commerce. Employers apply for the money on the employee's behalf.
Alaska. No special requirements here: Alaska pays all of its residents royalties from its oil and gas industry. This program, The Alaska Permanent Fund Dividend, was introduced in 1982 and doles out a good chunk of money to residents each year. You just have to be an Alaska resident for a calendar year before you apply
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.
These 5 U.S. States Will Pay You to Move ThereOklahoma.Minnesota.Alaska.Vermont.Kansas.18-Oct-2021
Cities and states are shelling out serious cash to lure remote workers. Tulsa, Oklahoma, will pay you $10,000 to move there and telework.