Why Companies Offer Relocation Packages: A Comprehensive Guide

When a company offers an employee long-term employment more than 50 miles from the current workplace, they may provide a relocation package to help cover the costs of the move. This type of package typically covers reasonable moving expenses and other work-related costs, such as obtaining a work visa, paid travel to the new workplace, and cultural assimilation. It is not mandatory for companies to offer relocation packages, but they may do so as a benefit to attract the best prospects from different countries. BP's relocation policy provides employees and their families with financial assistance in line with industry practice.

To help ease the transition to a new community, BP has organized family settlement assistance and spousal employment services, while providing a dedicated relocation coordinator for each employee. Duke Energy also offers a comprehensive rewards package that includes everything from retirement benefits to wellness programs. Amazon is opening campuses in the US, London, Berlin, Seville & Malaga, and their relocation packages are detailed and flexible. Depending on the employee's level within the company, it can cover everything from moving expenses to their children's fees at the new school.

Google's relocation packages are designed for those moving to a new European territory, and depending on location, employees receive an allowance to cover relocation costs or a pre-agreed relocation package that includes temporary housing. Microsoft's employee relocation benefits are exceptional, and they have mastered the art of streamlining the moving process for expats and professionals around the world. They take action instantly when it comes to providing relocation assistance and coverage, and have been relocating employees to Seattle, London, Paris, Dublin, Prague or Cambridge. When negotiating a relocation package with your employer, it is important to identify what is currently being offered as part of your package.

Companies are more willing to help if they think it will be a valuable addition to the team. Many companies have a standard relocation assistance policy that explains what they will offer and how it works. They may place a limit on the amount they can reimburse and require employees to show them receipts for the amount spent during the relocation. Shyft combines the logistics management of relocation technology with personalized service from concierge companies. Before you negotiate your specific needs, make sure you understand what is currently being offered as part of your relocation package.

Many companies have recognized the need to expand around the world and offer excellent relocation benefits to help minimize anxiety. Although most companies have a relocation package resolved by the time they offer a job, employees may have individual needs or requests to make the move as simple as possible. It is essential that you can negotiate a good package for yourself if you are expected to move to a whole new country for work.

Jackson Jeannette
Jackson Jeannette

Subtly charming social media fanatic. Evil zombie ninja. Zombieaholic. Typical tv evangelist. Lifelong travel expert.