How does company paid relocation work?

When a company offers an employee long-term employment more than 50 miles from the current work location, a company may offer a relocation package. This usually covers the employee's reasonable moving and other work-related expenses, to relieve the employee and their family of the expensive burden of relocation.

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Memo on Company Relocation including Relocation Pay for Employees

Philadelphia Pennsylvania Memo on Company Relocation including Relocation Pay for Employees

Name: Philadelphia Pennsylvania Memo on Company Relocation including Relocation Pay for Employees
Brand: US Legal Forms
Rating: 4.58 (262 reviews)

Category:

Employment - Termination - Notification

State:

Multi-State

County:

Philadelphia

Control #:

US-AHI-294

Format:

Instant download

Description

This AHI form is a memo regarding the relocation of a company.

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FAQ

A typical relocation package usually covers the costs of moving and storing furnishings, household goods, assistance with selling an existing home, costs incurred with house-hunting, temporary housing, and all travel costs by the employee and family to the new location.

How much are you given to relocate? The full costs and figures can vary depending on the individual and their package however, as an example, payments are typically between $2000 and $100,000.

More often than not, your employer will pay for all relocation expenses directly. This means you won't have to pay out of pocket for services like household goods relocation, foreign moving expenses, and international moving servicesbecause your employer will coordinate them with the moving company in advance.

There's a lot of research out there about the average relocation cost, but a package can range anywhere from $2,000 to $100,000.

Relocation packages can range in worth from $2,000 to $100,000. What services and the amount of money you decide to cover is entirely up to you and your company. However, keep in mind that the more you are willing to give, the harder it may be for a candidate to refuse your offer when you negotiate moving expenses!

When a company offers an employee long-term employment more than 50 miles from the current work location, a company may offer a relocation package. This usually covers the employee's reasonable moving and other work-related expenses, to relieve the employee and their family of the expensive burden of relocation.

Key takeaway: Employee relocation packages vary, but some options to consider include relocation reimbursement, a flexible start date, free visits, temporary housing, familial support, real estate cost assistance, pay adjustments or bonuses, and a payback clause.

To qualify, reimbursements or payments must be for work-related moving expenses that would have been deductible by the employee if the employee had directly paid them before Jan. 1, 2018.

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Philadelphia Pennsylvania Memo on Company Relocation including Relocation Pay for Employees

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