An average relocation package costs between $21,327-$24,913 for a transferee who is a renter and $61,622-$79,429 for a transferee who is a homeowner. Of course, this number is just an average of what larger corporations are spending on employee relocation – the relocation amount can be anywhere from $2,000 – $100,000.

What should a relocation package include?

What Does A Standard Relocation Package Include?

• Full pack and/or unpack services.
• Quality moving company service with reasonable insurance coverage.
• Home sale or lease-breaking penalty assistance.
• House-hunting trip, minimum one.
• Temporary housing.
• Transportation, including auto moving, to the final destination.

How do I get a relocation package?

Ask your new employer’s HR department if the company has a written relocation policy or if it offers standard benefits. Find out who at the company has recently moved, and ask about their relocation packages. Ask your friends or other contacts in similar firms about their experiences or their companies’ policies.

How does a moving company pay for relocation?

Direct billing: The transferring company hires and directly pays for a moving company as well as costs involved in selling a current home and all other services needed to help relocate the employee and family. Lump sum: A set amount of money is given directly to the employee to pay for moving and related expenses.

How much does it cost to hire a mover?

On average, hiring professional movers for a local move will cost from $300 to $1,500 depending on the size of the move. Long distance movers will cost on average $2,400 – $5,000 depending on the size of the move and the distance. Cross-country moving costs will be significantly more than moving to a nearby state.

Are there hidden costs in hiring a moving company?

While the price of hiring a professional moving company is one of the most typical costs of moving house, there are a number of hidden moving costs that you may not be aware of until you get a closer look at the final relocation bill. What are the hidden costs of moving house when using a moving company? 1. Packing labor + Packing supplies

What should be included in a job relocation package?

If you need to rent a car before, during or after the move, this service will likely be covered in your job relocation package. Many employers will cover part or all of this cost for a certain amount of time. If planning a DIY move, your employer may be willing to cover the cost of renting a moving truck.