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2022-02-22
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2021-10-14
I have used this program on several…
I have used this program on several occasions and it is easy to use and makes filling out forms and sending them an easy task
2021-02-20
Set Table in the Relocation Policy Feature
Set Table enhances your relocation policy by giving you control over how resources are allocated and managing expenses efficiently during relocations.
Key Features
Customizable resource allocation based on employee needs
Detailed cost tracking for all relocation expenses
User-friendly interface for easy management
Integration capabilities with existing HR software
Potential Use Cases and Benefits
Streamlining the relocation process for new hires or transfers
Ensuring compliance with corporate policies
Enhancing transparency in expense management
Facilitating better budget planning for HR departments
This feature addresses common challenges in relocation management. By providing a clear structure for allocating resources and tracking costs, it helps you avoid unexpected expenses and ensures a smoother transition for your employees. With Set Table, you gain confidence in your relocation process, making it easier for you and your team.
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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.
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What is covered in a relocation package?
Elements of an employee relocation package include hiring a moving company, insuring possessions, arranging temporary housing, finding schools, and helping spouses or family members. International moves require assistance with visas, passports, and – most likely – cultural integration.
Can you negotiate a relocation package?
It is advisable to be upfront and straightforward about your specific requirements for the relocation package, whether it be extra time off, a salary increase, or supplementary funds to cover expenses. One crucial aspect to consider when negotiating your relocation package is the cost of living in the new location.
What are standard relocation practices?
Typically, a relocation package will cover several key expenses: Moving and storing furnishings and household goods. Assistance with selling an existing home. House-hunting costs. Temporary housing.
How to maximize relocation allowance?
Tips for Maximizing Your Relocation Budget Make sure your budget covers all aspects of your move, not just the obvious ones like moving and housing costs. Track Your Expenses: Keep all receipts and records of your expenses. This is crucial for reimbursement and potential tax deductions.
Are relocation packages paid upfront?
A relocation bonus is a fixed amount of money that your employer pays you as an incentive to accept the job offer and relocate. It's usually paid after you start working, and it's subject to taxes and deductions. A lump sum payment is a one-time payment that your employer gives you upfront to cover your moving costs.
What is a reasonable relocation allowance?
The average relocation package costs around $50-70k. The cost of relocating is lower when an employee rents, averaging around $20k. However, the average relocation package for employees who own their properties costs around $100k. Companies can structure an employee relocation package in many ways.
Do relocation packages cover rent?
The cost of temporary furnished rental housing or a hotel for a certain period of time is often provided. Rent and utility fees are typically included for rental housing. Moving. The cost of a moving truck and other related expenses may be included.
Can you buy furniture with a relocation package?
Furniture allowance: Not all relocation packages give you a lump sum to buy new furniture. But then again, there's no harm in asking—especially if you're subletting your old place and you aren't shipping large pieces of furniture.
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