What Is The Relocation Assistance Package? Why Do Employees Need It?

The preparation to relocate yourself for work needs a lot of communication with the employer about your concerns and needs. When you take some time out to review the contents of your relocation assistance package and point out those areas where you may need more support, you can accurately approach your employer and hence negotiate the terms of your package as per your needs.

In this article, we shall discuss everything there is about the employee relocation assistance package. We shall also discuss the different relocation package types that the company may offer you and how you may negotiate the terms of the relocation assistance package with your employer.

Why Is Knowing The Relocation Assistance Package Important?

Knowing what you may get in your relocation package is very important. The entire process of moving may be expensive and stressful for anyone who is transferring. Reviewing the elements that are there in the relocation assistance package may help you identify all such areas. You may consider them important but are not there in the package.

This would allow you the opportunity to be an advocate for your own company to be able to accommodate you with your special needs to relocate with the least stress.

What Can You Include In The Relocation Assistance Package?

Companies supposedly need to provide the transferring employees with literally everything that they need while relocating. If you already did not know about this, you will need to have a discussion with your employer if you have plans to transfer anytime soon.

Here are all the elements that you may include within your relocation assistance package.

Packing Service In Relocation Assistance Package

Your company must have a partnership with any service that may be able to perform all the important packing for you. This would spare you the tension of packing troubles. Your company should not just enlist these said services but also pay on your behalf. They also need to pay for the entire unpacking process once you get to arrive and settle in the new location.

Insurance Coverage And Moving Company

Yet another necessary component that you may want to include in the relocation assistance package is a paid moving company. They can help you move all your important goods from one place to the other without costing a single penny. Insurance coverage, on the other hand, will ensure that you get compensation for the loss or damage of any of your personal items during the shifting process.

Home Selling Assistance 

Your company may also help you in selling your previous property once you move out from there. They may help you by paying advertising or reimbursing for any profit that you may have lost due to the quick selling of the house.

A Fully Paid House Hunting Trip 

House hunting is not an easy job. You have to visit multiple properties and deal with a number of real estate agents to be able to find proper accommodation as per your needs. This whole process is not just time-consuming but also expensive.

Your company is liable to pay for at least one of these house-hunting trips for any employee who may be transferring in the near future.

Temporary Housing

This is yet another area that your company may cover in the relocation assistance package. Temporary housing is a scenario when an employee is unable to find accommodation for a short time period. In this case, the company has to provide them with temporary accommodation for 30 days. This would help the transferred employee to find more adequate accommodation once the relocation happens.

Reimbursement For Auto Travel 

Companies may also be expected to include reimbursements for auto travel as a part of their relocation assistance package. This means the company has to pay back the employee for the gas or petrol that was spent for the whole of the transportation process.

If the employee is traveling by train or flight, the company may reimburse the cost they had to pay for the flight or train tickets.

Other Relocation Expenses 

The other relocation expenses that may be there in the relocation assistance package include assistance for school relocation for the employees? children and temporary storage for the household items that the employee may not immediately relocate.

Types Of Relocation Assistance Packages 

There are multiple relocation assistance packages that you may choose from depending on your needs from the employer. The companies also use these relocation packages to be able to structure the cost of relocation for the employees.

Lump-sum 

In this type of relocation package, the employees offer the employee a pre-decided amount of money to help them with the entire transfer process. The transferee here will be responsible for making use of the money to recruit moving service or any other expense that is important.

Reimbursement 

This is the type of relocation package where the employee will be paying for all the costs of the transportation while expecting that the employer will be reimbursing it as a whole. While doing this, the company will be covering for most, if not all, the expenses for moving.

Employees need to maintain all of their receipts to show to the employer so that the reimbursement goes through smoothly.

Third-Party Relocation 

This is the type of relocation where the company will be hiring an external relocation service. This would help the transferee find transportation and storage options or transportation services. In this package, the employer will not have any direct involvement in the process of relocation.

Direct Billing

Direct billing is a category of relocation package that is very closely related to and is mostly used with lump-sum and reimbursement packages. This is a package that would allow the employers to directly bill the moving services and the other relocation aspects for the employees.

How To Negotiate With Your Relocation Assistance Package? 

There may be a couple of ways in which you can negotiate the terms of your relocation assistance package. This would help you make sure that you have every element in it that you require while relocating. In this case, you must be able to efficiently negotiate what you may need while relocating.

Here are the section reviews that you may consider to effectively negotiate the terms of relocation with your employer:

• Review what is there in your relocation package.
• Identify all the important items that are missing in the package.
• Look at what your local competitor is offering.
• Address to your employer if you have any definite needs.

The Bottom Line

Relocation assistance is something that every employee deserves from their employer under all circumstances. Transferring is not an easy process. It is time-consuming and expensive. It is always better if your employer is taking responsibility for the charges so that you can have one less responsibility to cater to.

Therefore, it is always better to discuss the same with your employer beforehand. This way, you have enough time to negotiate the terms as per your needs and convenience.

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