Relocation Expense Guidelines for Employers
Relocation is an emotional, financial, and physical move. Anyone who has ever relocated knows this all too well.
Employers want to aid a new employee in a relocation, but they don’t want to break the bank.
New employees want everything paid for in a relocation, but there is a reasonable limit of what to expect from a new employer.
There is a balance, and there is some negotiating. No two relocations are alike.
Here is a normal relocation package.
HOUSE HUNTING
Number of trips: 2
Maximum room nights: 4
Reimburse travel, meals, and lodging for new employee and spouse
DUPLICATE HOUSE EXPENSE
Term: Housing allowance until the sale of current residence, expiration lease agreement, or 90 days, whichever occurs first
MOVING EXPENSE
Reimbursement of reasonable out-of-pocket moving expenses