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 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.

Chloe Bennett

Chloe Bennett

Culture, Media & Entertainment Columnist

Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.

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