What should a relocation package include?
Table of Contents
What should a relocation package 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 is a typical relocation allowance?
An average relocation package costs between $21,327-$24,913 for a transferee who is a renter and $61,622-$79,429 for a transferee who is a homeowner. Of course, this number is just an average of what larger corporations are spending on employee relocation – the relocation amount can be anywhere from $2,000 – $100,000.
What do I need to move to Hong Kong?
Moving to Hong Kong: your essential checklist to settling in as…
- Apply for a visa.
- Get a Hong Kong ID card.
- Get yourself an Octopus card.
- Set up a bank account.
- Get yourself a mobile phone.
- Hire a domestic helper.
- Look up Hong Kong international schools.
- Research where to live.
Should I ask for a relocation package?
The good news is as long as you have an offer on the table, you have enough leverage to ask for a relocation assistance package from your employer or potential employer. Many companies want to help you, as long as what you’re asking for is fair, and you ask the right way.
How much should you ask for relocation?
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 I negotiate a relocation offer?
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.
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