What’s in a relocation package?

Have you ever considered moving for a job but felt overwhelmed by the costs involved in relocating and setting up in a new location from scratch?

The good news is that many companies are willing to pay for your relocation. In fact, relocation packages are becoming a common perk to attract top talent and support remote work opportunities.

Whether you’re eyeing jobs that pay for relocation or are curious about the average relocation package, this guide will help. This article will explain what’s typically included in a relocation package, benefits, and how you can choose between a relocation program and relocation assistance to ensure a hassle-free move.

What is a relocation package?

A relocation package is financial and logistical assistance provided by employers to help employees move for a job. These packages can cover everything from moving expenses to temporary housing, ensuring a smooth transition to a new location.

Key components of a relocation package includ 

• Relocation allowance, which is a fixed amount of money to cover moving costs. It gives employees the freedom to manage their relocation.

• Relocation stipend — pre-approved reimbursement for specific expenses. This is usually a fixed budget for expenses like travel, packing, or temporary accommodation.

• Comprehensive relocation programs, that involve full-service support that includes packing, movers, transportation, real-estate assistance, settling-in services, and even school searches for employees with families.

Why do companies offer relocation assistance?

Companies invest in relocation benefits to attract skilled employees, fill critical roles in competitive locations, and support remote work transitions.

Offering ‌relocation packages demonstrates a company’s commitment to its employees, reducing the stress and financial burden of moving. Employers also benefit from a wider talent pool by encouraging applicants who might otherwise hesitate to relocate.

Industries like tech, healthcare, and finance are known for offering robust relocation packages, with companies like Amazon and Google leading the way in relocation incentives.

Some companies might offer to cover all relocation expenses, while others provide a stipend for partial support. Knowing the type of package offered can help you plan your move efficiently.

The average relocation package: What to expect 

The value of a relocation package depends on your role and the company’s budget. Here’s what you can typically expect:

• Entry-level employees: $2,000–$5,000

• Mid-level professionals: $10,000–$15,000

• Executives: $20,000+

Packages may also include hidden perks like car shipping, storage solutions, or assistance with selling a current home. Understanding relocation costs will help you budget for anything the package doesn’t cover.

What kinds of jobs pay for relocation

Many industries actively offer relocation benefits, especially for high-demand roles. If you’re exploring jobs that pay for relocation, here are a few industries to consider:

• Tech: Software engineers, data scientists, and developers.

• Healthcare: Nurses, physicians, and therapists.

• Finance: Analysts, consultants, and investment bankers.

Remote-friendly companies are also offering relocation incentives to help employees move closer to coworking hubs or areas with better infrastructure.

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Tips for negotiating a relocation package

Remember, relocation packages are negotiable!

Don’t hesitate to ask for more if the initial offer doesn’t meet your needs. Negotiating a relocation package can maximize your benefits and ensure you’re fully supported. Here are a few tips:

• Research: Understand the average relocation package for your role and location.

• Ask early: Discuss relocation assistance during the offer stage.

• Be specific: Clearly outline your anticipated relocation expenses, including travel, temporary housing, and incidentals.

How do remote workers benefit from relocation packages?

Relocation packages aren’t limited to in-office jobs. Remote workers can also benefit from relocation assistance, especially when moving to areas with better infrastructure or coworking spaces.

Some companies offer relocation benefits tailored to remote work, such as:

• Setting up a home office.

• Covering relocation costs for digital nomads.

• Offering flexibility in timing to accommodate personal needs.

Remote-friendly relocation programs are ideal for those seeking flexibility and support while working from anywhere.

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Relocation allowance vs. relocation programs: What’s best for you? 

When evaluating relocation offers, it’s essential to weigh your options.

A relocation allowance offers financial flexibility but requires you to handle logistics. It may not cover all expenses, particularly if the amount is lower than your actual moving costs. Additionally, managing the logistics of a move entirely on your own can be overwhelming.

A relocation program, on the other hand, is a comprehensive package provided by the employer, often managed by a third-party relocation service. These programs aim to simplify the moving process by handling many of the logistical details for you.

However, relocation programs may lack the flexibility of allowances, as you’ll need to work within the boundaries of the services offered. Additionally, some employees may prefer to handle certain aspects of the move themselves.

Key factors to consider when choosing 

Your relocation needs

• If you’re relocating a family, moving a significant amount of belongings, or selling a home, a comprehensive relocation program might be more beneficial.

• If your move is straightforward, a relocation allowance may give you enough financial support with added flexibility.

Your organizational skills

• Do you prefer managing details yourself, or would you rather delegate the logistics? A relocation program takes the planning off your plate, while an allowance puts you in control.

Cost of living in the new location

• If you’re moving to a high-cost area, a program’s extensive coverage may better suit your financial needs.

Employer’s offer

Some employers may offer both options or customize a hybrid approach. Be sure to ask for clarity on what’s included.

Ultimately, the decision comes down to your individual circumstances and preferences. If you value flexibility and control over the moving process, a relocation allowance may be the right fit. However, if you’re seeking a hands-on experience with comprehensive support, a relocation program can provide peace of mind.

Don’t hesitate to negotiate or ask questions about what’s included in the relocation package. The goal is to ensure you have the tools and support needed to make your transition as smooth as possible.

Make relocation simple with Remote

Whether you’re moving for a remote job or an on-site position in a new location, having a good relocation package can make your move smooth and stress-free. 

Remote’s relocation services provide comprehensive, tailored support to make moving abroad for work as smooth as possible. We handle every detail of the process, including furniture transportation and setup, pet relocation, housing searches, bank account setup, partner support, school searches for children, and departure logistics‌ — ‌all customized to fit your unique needs.

Want to explore further? Download Remote’s Relocation Guide to learn more about your international relocation options with us. Have questions? Contact our friendly team for personalized guidance and support throughout the relocation process. We’re here to help!

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