The types of relocation packages offered by different companies and the services included in them can vary considerably depending on several factors – the size and the current financial situation of the company; the level of your position within the company; how long you’ve been working for them; whether you’re an owner or renter; whether you are moving alone or with your family, etc. Relocation package options include a lump sum, reimbursement, direct bill, or third party relocation:
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Global mobility managers need to assist talents about the type of relocation package employers are offering to relocating talents. Are they.
Common Relocation Package Options Family relocation assistance. A list of day care providers and possible reimbursement. Transportation services. Getting you to your new destination by plane, Moving Assistance. Transfer of vehicles to your new location. Housing assistance. Help with the.
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A relo package can take the form of a lump sum, reimbursement, direct bill or third party relocation. As the name implies, a lump sum is when the company gives you a set amount of money to spend however you want in order to get you, and all your stuff, to the new city.
How to negotiate a relocation package Marjorie on March 20, 2013 "I once negotiated a relo package that included the cost of moving my client’s horses across country and paying for a stable at the new location," reports Lee E. Miller, Negotiationplus.com, career coach and author of Get More Money on Your Next Job .
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Once you and the company agree on a compensation package for your relocation expenses, make sure you capture that agreement in writing. A formal contract is not necessary, just a simple signed letter detailing the assistance that is being provided and by what time. A negotiation about relocation compensation is the same as any other negotiation.
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