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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

How much is the average relocation package?

”An average relocation package costs $21,033. (Figure 16) While smaller companies, in general, provide less valuable packages averaging $10,971 there are exceptions. Some small companies offer highly competitive packages.

How much do companies usually pay for relocation?

There is a lot of research out there about the average cost of a relocation package, and a package can range anywhere from $2,000 to $100,000. How much you want to spend on an employee relocation package is entirely up to you and your company.

How do you negotiate a relocation package?

Estimate the cost of your move. Research the cost of living in your new area and make sure your salary is up to par. Think about the unique costs you'll incur by moving.

How do you ask for relocation?

- If your company has a relocation policy, put in a formal request with your manager and HR to be relocated. Ask them beforehand how to submit the request, for best practices, and if there's anything else you can do to help your case.

How much is a typical relocation package?

”An average relocation package costs $21,033. (Figure 16) While smaller companies, in general, provide less valuable packages averaging $10,971 there are exceptions. Some small companies offer highly competitive packages.

What is the average relocation package?

An average relocation package costs between $21,327-$24,913 for a transferee who is a renter and $61,622-$79,429 for a transferee who is a homeowner. This baseline number comes from a 2015 U.S. Transfer Activity Report by Worldwide ERC.

What is a lump sum relocation package?

A lump sum relocation package is an allowance that a company gives to an employee to help them relocate for a new job opportunity.

What does a typical relocation package include?

A core or typical job relocation package usually covers the costs of moving and storing furnishings and other household goods, along with help selling an existing home and costs incurred house hunting, temporary housing if necessary and all travel costs by the employee and family to the new location.

Can I get help with moving expenses?

The Federal Relocation Assistance Program helps small businesses and individual families cover moving costs after a natural disaster. Who can qualify for federal assistance: Small businesses can get help to locate a new facility and financial aid for their moving expenses.

How can I get immediate assistance for rent?

Reach out to nonprofits Both Catholic Charities and The Salvation Army may be able to provide emergency funds to pay your rent and utility bills. Contact your local Salvation Army or Catholic Charities to find out if you're eligible for housing assistance.

What is relocation allowance?

A settling-in allowance is money provided as part of relocation expenses to a person who has transferred locations or moved as part of accepting a new job. A settling-in allowance may be given as a lump sum or later reimbursed by the current or new employer upon submission of related receipts.

What is the average relocation allowance?

First, a baseline on what companies (read: your competition) spend on relocation: “An average relocation package costs $21,033. (Figure 16) While smaller companies, in general, provide less valuable packages averaging $10,971 there are exceptions. Some small companies offer highly competitive packages.

Should I ask for relocation assistance?

Ask for help Don't assume your company will offer enough relocation assistance or any, for that matter. Just like in your career, you have to ask for what you want, and that includes all the services and compensation you'll need for your move. Know that moving can be very expensive.

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