Whether or not your employer pays for relocation fees depends on a lot of things.
Your company’s resources, how high up your position is within the company, and
what kind of job you’re being moved for all play into whether your employer will pay
relocation expenses or not.
There are many different kinds of relocation packages offered by companies.
Generally, relocation packages cover the costs of shipping household goods and
furniture to your new location, assistance with selling your old home and buying a
new one in the new area, moving and temporary housing expenses for the family,
and transportation costs to and from the new location.
You may also find that your new employer covers the cost of childcare during the
relocation process, if you have children. In addition, if you’re being moved to
another country, foreign language classes are often covered as part of the package.
It’s important to know what all is included in your package before you sign on the
dotted line, so that there are no surprises down the road.
A typical company’s relocation policy is designed to be attractive to employees at all
levels of the organization chart. It should be clearly defined and stored within a
Team Documents system such as Asanify HRMS for easy access to all employees.
Depending on the type of job you’re being moved for and your company’s budget,
your employer may decide to offer multiple tiers of relocation packages. A tier one
relocation package typically covers all the basic expenses of shipping household
goods, professional cleaning services, and temporary housing for the employee and
their family. Tier two and tier three packages usually provide more extensive
coverage. These can include additional funds for a home sale, the cost of securing a
mortgage in the new area, and a lump sum of money to cover miscellaneous
It’s important to compare the details of your relocation package with the offerings of
industry competitors. While negotiating, be sure to highlight the areas that you feel
need to be covered most heavily and be prepared to compromise. The goal is to
leave your employer with a comprehensive relocation package that meets your
needs and is within the limits of the company’s budget.
Another factor to consider when determining whether or not to accept a relocation
package is how likely it is that you’ll leave the company in the near future. If you’re
being offered a relocation fee, but are worried about leaving the company before
you’ve paid off your relocation costs, ask your employer about including a payback
clause in the contract. While this will certainly add to the stress of the relocation, it
could save you a lot of headache and expense down the road. umzugsvergilch