Save Signed Relocation Agreement For Free

If you agreed to the employment contract and the relocation clawback provision was a part of it, then it is a part of a binding agreement. If you leave the company before the time period has elapsed, you are breaching the contract and will be obligated to repay the company your relocation fee.

Stay up to date Typically this is spelled out in terms of months to remain employed with the company after the relocation is complete. The most common relocation repayment requires repayment in full if termination of employment is within 12 months after relocation or a prorated amount for up to 2 years.

Just Ask the Question If not, thank them, consider the offer?and if you're interested, ask?directly and courteously?if relocation benefits can be included. If the employer comes back with a firm ?no,? it's up to you to decide if you want to keep pressing or take the job regardless.

As mentioned, a signing bonus can be a more cost-effective way of incentivizing employees to stay with the company, and the cost of a signing bonus is typically lower than the cost of a full relocation package.

The less stuff you have to move, the less you will pay. Tip: When deciding what to keep and what to get rid of, have a floor plan of your new home or apartment handy, and refer to it often. This helps ensure you don't waste your relocation bonus moving things that will not fit in your new residence.

A relocation bonus is a lump sum of money that a company pays to a new employee to reimburse expenses related to the person moving to take the position. A relocation bonus may be called a signing bonus, as the funds are not required to be spent only on moving expenses and can be used at the new employee's discretion.

Which raises a big question: how do you ask for relocation assistance? To be clear, the time to ask for?and negotiate?a relocation package is after you receive a job offer but before you accept. That's when your bargaining power is greatest.

Focus on your interests Think of relocating for work as a massive opportunity to make improvements in your life. The whole point of negotiating for something is to address your real needs. Before you limit what you ask for, make sure you know what you want. Think broadly and do not limit yourself to financial expenses.