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Benefits of Offering Employee Relocation Packages Relocation allowances. Temporary housing. Assistance buying and selling their home (in new and old locations) Spousal/partner and family support. Household goods shipments. Visas and other immigration issues. Cultural assistance.

What is an employee relocation package? An employee relocation package is a financial benefit that companies provide to assist new and current employees in moving from one location to another because the job requires it. This type of assistance happens more often in certain fields than in others.

Employee relocation is a term used to describe the entire process of moving one or more employees from one location to another. This can be within the same city, to a different city, or even to a different country. Employee relocations can also be voluntary or involuntary.

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.

A relocation policy outlines the processes for moving a new or current employee from one location to another. Companies typically move their employees to places where they need to be physically present to carry out their job responsibilities, especially when it involves collaborating with colleagues.

A relocation stipend is a set amount of money an employer provides to cover job-related moving expenses. A stipend can either be pre-fixed based on company policies or calculated based on the employee's actual expenses. Most employers offer a combination of both, with an upper limit on how much they will reimburse.

Published 05/12/2022. Paid relocation?aka corporate relocation?occurs when employers finance some or all of an employee's move for business purposes. That employee could be a new hire, transferee or intern. Paid relocation benefits often include providing assistance as well as compensation.

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.

Design policies Relocation policies should also include provisions for equity-related issues, such as compensation adjustments, tax assistance, cultural training, language courses, spousal support, childcare, education, health care, immigration, and repatriation.

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.