When your company hires an employee from another city, state or country, chances are a relocation package will be included. A relocation package covers some, most, or all of the cost of a new employee’s relocation. In fact, a competitive relocation package can help you seal the deal when it comes to recruiting top talent at your company.
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Employee relocation packages vary in benefits. For example, a recent college graduate might expect to see anywhere from $2,000-$5,000 in a relocation allowance. This number tends to be much lower than an executive relocation package because recent college grads don’t have as many costs to cover, such as relocation of a family or the purchase of a new home.
Chicago, Illinois – September, 2018
UrbanBound, the leading provider of relocation management solutions, announced today that they have expanded their product offering to help improve the candidate experience. The company, which has dedicated the last eight years to revolutionizing the employee relocation experience, will now expand its offering to help companies convert more candidates into employees—faster.
