Moving Expenses
January 15th, 2009
Conversations about moving expenses, like benefits, are premature until after the company has made you an offer or expressed strong interest. Relocating an employee is expensive, and few companies will enter into it lightly. The company’s willingness to do so puts you in a position of power. Now is the time for you to gain a complete understanding of how the company treats relocation expenses.
There is a wide variety of practice in this area, so be clear. Many company relocation policies address such points as:
- Do you provide reimbursement of closing costs for the sale of my old house?
- Do you provide reimbursement of closing costs for the purchase of my new house?
- Will the company assist in the sale of my current house?
- If I can’t sell my old house, do you have a program that will buy it?
- Can the company provide a loan for buying a house? If so, what are the terms?
- If I need to rent while looking for a house, will I be reimbursed?
- Does the company pay for house-hunting trips in the new community? How many?
- Does the company provide reimbursement for temporary living expenses? Any limitations?
- Does the company provide reimbursement for the shipment of household goods?
- Does the company provide reimbursement for the storage of household goods?
- Does the company provide reimbursement for the shipment of family vehicles?
- Does the company provide reimbursement for the tax gross-up of the taxable portion of moving expenses?
- In the event my landlord is unwilling to release me from my lease, will the company assume the obligation for the lease?
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