Companies provide relocation packages as a benefit to help give you financial assistance with your move and find a place to live. Here are examples of relocation packages from a trio of high-tech companies.
Recruitment program: Plans to hire 400 college graduates through its recruitment program at over 50 universities. Common destinations for recent college graduates are San Jose, California; Raleigh, North Carolina.
Package: Travel expenses, one month corporate housing, payment of first month's salary.
Standard or negotiated: Standard.
Other assistance: Can assist with moving services, match up with apartment location agencies.
Value of package: Not to exceed $10,000.
Recruitment program: Plans to hire 200 college graduates. Common destinations for recent college graduates are Oklahoma City, Oklahoma; Minnesota; Colorado.
Package: Moving service, one month corporate housing, one month car rental, one month storage, per diem payment.
Alternatives: Cash and per diem payment instead of moving service.
Standard or negotiated: Standard.
Other assistance: Realtor references.
Value of package: $1000-$7000.
Recruitment program: Hired 880 college graduates last year through 10,000 interviews at 80 colleges.
Common destinations for recent college graduates are the Bay Area; Corvallis, Oregon; San Diego, California; Roseville, California; Atlanta, Georgia.
Package: Packing, shipping and storing of household goods, travel expenses, career assistance for spouse, relocation allowance, temporary living, rental car for a number of days.
Alternatives: Fully supported move, which includes all of the components of the relocation package; lump sum relocation alternative, a cash payment based on the distance moving and number of dependents; or partial lump sum, with part of the moving services and part of the lump sum amount.
Standard or negotiated: Standard.
Other assistance: Some sites offer housing location services.
Value of package: Several thousand dollars.
-- K.T.
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