How bad do bosses want you back in the office? They're resurrecting relocation packages
—and they are willing to pay them to relocate. Some employers have also paid the cost to move remote hires made during the pandemic back on site, executives say.The push shows that companies, big and small, believe employees do better work in offices. And they are willing to pay significant sums for workers to gather together. It also marks a new moment in the way companies think about remote work, which. For many executives, costs borne now to get people back on site will pay dividends.
The cost of moving a new hire at the moment ranges, on average, from $19,000 for a renter to $72,000 for a homeowner, according to ARC Relocation, which works with companies to relocate employees. Existing workers who move for new internal roles tend to be more costly—from $24,000 for a renter to $97,000 for a homeowner—depending on the seniority of the employee.recently expanded relocation benefits for new hires, said Rhonda Morris, chief human resources officer.
Another job that Mr. Hoang was considering offered him a richer relocation benefit, so he negotiated with Appian for more money to move.before pandemic lockdowns halted the business. As Covid-19 restrictions eased, relocation assistance was offered for some jobs that normally wouldn’t get such benefits, such as managing a restaurant or even working at a casino.
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