What do relocation companies pay for

For example, tech companies, like LinkedIn and Spotify , typically offer relocation assistance. If a small business is comfortable building its workforce locally, then it doesn't make sense to worry about an employee relocation package. But for businesses looking outside their geographic area, this kind of offer could be enticing enough to get a great candidate to move closer. With a good job opening and the right employee relocation package, businesses can attract candidates from all over the country.

Researchers also found that Raleigh, North Carolina; Miami; Des Moines, Iowa; and Charlotte, North Carolina were among the cities with the highest number of respondents who said they would move for a job. While the decision for many job seekers depends largely on where they'd be leaving and where they'd be relocating to , it all comes down to the cost and the hassle of the move. Key takeaway: Relocation assistance can help a new hire or a current employee move to a new city, state or country for work.

By making the move easier and less expensive for employees, you can foster a higher employee retention rate and attract strong talent. There are many approaches and options to consider when creating an employee relocation package, and the individual benefits may determine how attractive the package is for candidates. It is very difficult to understand an employee's needs before they start the relocation, Ilona A. An employee relocation package can include a variety of options.

Here are some components to consider:. Moving is costly, so companies can help by offering some financial reimbursement for expenses such as moving services, mover's insurance or transportation.

While some companies provide the funds only after the moving employee submits relevant expense reports, others opt for a single lump sum upfront. New hires normally start about two weeks after accepting a job offer. However, if that new employee must move, it may take longer. When developing a relocation program, businesses should keep that in mind and ask employees how much time they need.

By working with new hires from the outset, companies establish a more realistic time frame for the move and can also take the first steps toward creating a good working relationship. In some instances, companies let employees visit the region so they can get a lay of the land before making a big move.

This usually means regular trips to the new location so they can start looking for housing and learn more about the area. If the employee needs to start by a certain date, companies can also consider temporary housing. Thanks to the rise of house-sharing programs like Airbnb, companies can avoid putting someone up at a costly hotel, though that option remains. Temporary housing can help the employee adjust to the new locale in a month or two.

And along the way, visit our PODS blog, Containing the Chaos for more tips and tricks — from navigating the art of packing to finding budget-friendly ways to decorate when you arrive.

Best of luck! Skip to content Starting a new job generally sparks a considerable amount of stress — good stress, of course.

Why should I ask my new employer for a relocation package? Share Email. Tweet Email. Pin Email. Share Article Share Email. Because each recruit will be unique! Even a modest effort in this direction, such as discussing circumstances and offering a lump sum for a highly personalized moving experience , could make the difference.

Play your cards right and a relocation package should be a win-win for everyone. To choose your supplier, you only need to keep these three things in mind:. Your values Know your values and mission to align with a company that reflects the same. Aim to select a company that values and champions the operations you do within your own business.

Flexible options and price Every employee will need and want something different. Your employee may be interested in full service or a container move. They might be looking for more lifestyle solutions, or require quality recommendations to integrate into their new community.

Aim to work with a supplier with a wide network of trusted movers and service providers within the industry. That way, they can offer your employee competitive and affordable price points. A supplier should carefully qualify the move and provide the optimal recommended option that meets the needs and budget of your transferee.

Customer Service Remember, employee relocation can make or break your employee retention. You can hold up a magnifying glass to your relocation bill and see where you went wrong, or you can take a step in the right direction and hire the right company to manage this on budget for you. How can you do this? Ask your employee questions or partner with a company who can ask those questions for you.

Begin the process by asking if the company provides relocation services and what the company typically provides. Even if the company does not provide full moving expenses, they may be willing to reimburse some costs. Know Your Numbers. If the company typically offers relocation packages, they may have a sense of the costs. Otherwise, it's up to you to provide the employer with a sense of how the move will affect you in terms of time and money spent.

As well, review the various relocation services that employers provide above. This will help you know what you want, and make a specific, detailed request. Get the Details in Writing. As with any job-related benefit , it's important to have all the details in writing. That way, both you and your employer will be clear on expectations and coverage. Employers may offer it as a perk at their discretion. When Offered, Job Relocation Packages Vary: Some will offer a lump sum, while others will ask you to track your receipts for reimbursement.

Always Get the Offer in Writing: The exact terms of the job relocation package should be spelled out. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads.