What Do Relocation Packages Usually Include
Packing Service. … Moving Company and Insurance Coverage. … Home-Selling Assistance. … Paid-for House Hunting Trip. … Temporary Housing. … Auto Travel...
Packing service. … Moving company and insurance coverage. … Home-selling assistance. … Paid-for house hunting trip. … Temporary housing. … Auto travel reimbursement. … Other relocation expenses. … Lump-sum.
What is a reasonable relocation package?
Relocating an employee can be a costly endeavor for companies. The average relocation package costs between $21,327 and $24,913 for renters and between $61,622 and $79,429 for homeowners, according to a 2016 report by Worldwide ERC, a relocation services trade group.
What is the average lump sum relocation package?
Across the nation, the average lump sum that employees receive is $7200. 56 percent of companies offered lump sum relocation assistance for travel expenses. … If the company was going to cover the entire relocation, they’d offer anywhere from $10,000 – $14,999.