What can you negotiate in a relocation package?

What can you negotiate in a relocation package?

The following advice should help you handle this negotiation as effectively as possible.

• Focus on your interests. Think of relocating for work as a massive opportunity to make improvements in your life. …
• Find out what assistance is typical. …
• Develop ideas that benefit both sides. …
• Get it in writing. …
• Maintain your sanity.

What is a typical relocation package?

A typical relocation package usually covers the costs of moving and storing furnishings, household goods, assistance with selling an existing home, costs incurred with house-hunting, temporary housing, and all travel costs by the employee and family to the new location.

How do I ask for more relocation money?

Ask directly or be upfront about your needs: If receiving relocation assistance is non-negotiable for you, it’s best to be upfront about it. It doesn’t hurt to ask what the policy is – just hold off on asking for something specific until you have an offer.

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. 44 percent said that lump sums were used to cover the entire cost of the relocation.

How much should you ask for a relocation package?

Relocation packages can range in worth from $2,000 to $100,000. What services and the amount of money you decide to cover is entirely up to you and your company. However, keep in mind that the more you are willing to give, the harder it may be for a candidate to refuse your offer when you negotiate moving expenses!

How do you negotiate salary after offer letter?

How to negotiate your salary after you’ve received an offer…

1. What to include in your response to an offer letter. …
2. Tips for a successful negotiation. …
3. Do your research. …
4. Clearly explain your value. …
5. Make it a win-win. …
6. Express enthusiasm and gratitude. …
7. Ask for a higher salary than you actually want.

What do most relocation packages include?

What can be included in a relocation package?

• 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 are your relocation expectations?

Answering that you are definitely willing to relocate will show that you want to do whatever is necessary to be a part of the company and team. A formal answer would be: “For the right opportunity I am definitely willing to relocate. I believe that this position and company is that opportunity.”

How do relocation bonuses work?

The Relocation Bonus Some employers have turned to the opposite approach of a relocation package: awarding cash benefits, also called relocation bonus, lump sum or cash allowance, without accompanying services. Under this arrangement, employees are given a fixed sum and directed to make their own arrangements.

Can you buy furniture with relocation package?

Furniture allowance: Not all relocation packages give you a lump sum to buy new furniture. But then again, there’s no harm in asking—especially if you’re subletting your old place and you aren’t shipping large pieces of furniture.

Should I take a lump sum relocation package?

Lump sum packages can help employees settle in and return to work faster because they provide more flexibility to move quickly into their new city and role. These packages also help employers retain valued employees while controlling expenses.

How much time should I ask for relocation?

It’s pretty typical to ask for 2-3 weeks for relocation time, even longer if you’re moving across many time zones. This all the depends on the company, of course, but any realistic HR manager will negotiate with you. You’ll also want to ask about relocation reimbursement — more on that next.

Do I have to pay back relocation expenses?

The most common relocation repayment requires repayment in full if termination of employment is within 12 months after relocation or a prorated amount for up to 2 years. If a move is in process when employment ends, unused benefits typically cease immediately.