Corporate relocations as an employee benefit take many forms. Some companies oversee them at the company level, some hire a third party company to manage the relocation process and some companies elect to provide a lump sum payment directly to the employee. Take a look at our Corporate Relocation page under the Commercial Tab on this website for more information on when the company is covering the relocation expenses directly. Let’s take a look at how lump sum payments typically work.
If your company offers a lump sum payment, you will want to ask if that dollar amount is to cover all your relocation expenses, such as the moving and storage services, an auto transportation, temporary housing, destination house hunting trips, rental car, etc. There are many expenses that fall under the category of corporate relocation expenses and knowing what costs apply to your situation is important. Typically, a lump sum payment starts at $5,000 and increases depending on the company’s policy according to the position level. Then it’s the employee’s responsibility to manage those expenses. Depending on your situation, your expenses may exceed the lump sum payment.
Celina Moving will counsel you on your moving and storage expenses as well as the auto transportation on how to make the most of the amount allotted to you. We will customize your move, including packing and unpacking cartons, based on your needs.