Relocation Assistance from Your New Job
A relocation package is an opportunity for you to recoup some of the costs associated with moving, especially over a large distance. Many companies provide employees with this type of package to help them to make the transition. They use other businesses that specialize in helping people to move. Typically, relocation companies offer more of the services you need beyond just helping you to move boxes.
What Is a Part of a Traditional Relocation Package?
Every company is different. As you take into consideration what you need for the move, there are a few key considerations to make.
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Included Moving Costs
The physical process of moving is an expensive and time-consuming process. The relocation package should minimize much of this for you. The best services provide you with help packing up your belongings, unpacking your items, and moving them across long distances. They handle the lifting and the clean up as well. Be sure your moving costs include insurance. Moving insurance can help minimize risks associated with damage or theft during the process.
Your company may provide you with a relocation package that includes housing cost considerations. This includes providing you with help to move out of an existing home. For example, you may need to end your lease early before it was up. They may help with paying the fees associated with this. They may help you with other costs associated with leaving your current home.
How will you and your family members get to the next location? It will be important for you to travel safely and along the timeline that is right for your needs. Keep in mind that travel expenses may also include costs associated with moving overseas, which can be significantly more costly.
Home Finding Trip and Expenses
Most often, people who are moving across the country or even internationally need to make a trip before they move to the location. This is called a home finding trip. You will spend a few days looking at homes and determining what your needs will be. Your relocation package should include costs to allow this.
There are several factors to think about here. Will the company pay for you to move your vehicle across the country? This may be an option for you to consider. In other cases, you may need to sell existing cars and purchase new ones local to your new home. All costs associated with transportation should be a part of your relocation package.
Some people will need temporary housing during the process of the move. You may need to wait to buy a new home until your old one is sold. Or, you may be moving quickly and need time to find a home close to your new place of employment. Your relocation package, then, needs to factor in these costs.
When it comes to your relocation package, be sure it offers everything you need to make this move cost-effective for you. If it does not, it may be time to negotiate the terms of your move.
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Check out more of our information on relocation.
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