TAILIEUCHUNG - Negotiating A Relocation Package

vEach month thousands of employees move to a new community, to start a new job. Moves often are more expensive than anticipated. Not only is there the actual expense of moving, but also, for a home-owner, the expenses connected with selling an old home, and buying a new home. | Negotiating A Relocation Package By Jill Hill Each month thousands of employees move to a new community to start a new job. Moves often are more expensive than anticipated. Not only is there the actual expense of moving but also for a home-owner the expenses connected with selling an old home and buying a new home. Some corporations may offer to cover some or all of the relocation costs for employees who are moving at the company s request. Larger companies usually offer a more elaborate relocation package than smaller firms. These benefits become particularly important when there is a large increase in housing costs. For example an employee leaving a 150 000 four bedroom home in a small midwestern community may find that comparable housing in the San Francisco Bay Area may cost around 500 000. When interviewing for a job ask your prospective employer whether or not it has a relocation program and find out as much as you can about it. Benefits which may be offered to a relocating employee vary widely. Each situation may call for a different bundle of benefits analyze your own situation carefully. It is always best to negotiate these matters as part of a transfer package before accepting the new job to avoid surprises to either the employee or the company after the move has taken place. 1. Cost of a familiarization and house-hunting trip for the employee spouse and family. Does your family really want to move here 2. Extra time off with pay for traveling and house hunting in the new location. 3. Moving expenses including packing and insurance. 4. Travel expenses lodging meals gas etc. while traveling to the new location. 5. Assistance in the sale of your old home o Company assumes responsibility for monthly payments taxes and insurance until the old home is sold. o Price guarantee if sold by the employee the company will pay the difference between the net selling price and a specified price. o Alternative price guarantee If employee can not sell the house within a .

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