Save Signed Relocation Policy For Free

A relocation policy outlines benefits available to individual staff members or employees who move to new job locations. An employee relocation policy also outlines employee rights during relocation and employer responsibility for financial expenses.

The objective of the relocation policy is to provide financial and administrative relocation assistance. It is provided to a salaried employee in order to maximize their performance and minimize their inconvenience during the relocation.

How much are you given in a relocation package? The full costs and figures can vary depending on the individual and their package however, as an example, payments are typically between $2,000 and $100,000.

Each relocating employee will be provided with a relocation agreement that will set forth the specific obligations of both the company and the employee. When possible, such agreements will be approved and provided to the employee at least 10 days in advance of the relocation.

The policy should outline the moving expenses, housing costs, travel expenses, and family support that the employer is willing to provide. It should also outline the process for relocating the employee, step by step, including any deadlines or timelines.

Moving expenses covered in an executive relocation package include packing and shipping household goods, short-term or long-term storage, transportation expenses, vehicle shipment, temporary housing expenses, and home-finding visits for the employee.

Reimbursement relocation packages allow transferees to pay for all moving expenses with the notion in mind that their employer will reimburse them with a specific amount of money after they have relocated. In doing this, a company covers most if not all moving expenses.