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A competitive Relocation package would cover the below mentioned points to assist an employee for a smooth transition.
1. Fare Salary Package - A salary package matching the expense requirements of the new location, that would benefit an employee to pay out for the expenses as per the local rates for housing, education and general expenses to meet on a daily basis.
2. Relocation Allowances - Allowance for an employee to move his personal effects from his country of residence to the new Office Location.
3. Temporary Accommodation - Temporary accommodation arrangements for the employee for a time period of at least 2 weeks for the employee to make arrangements for his housing.
4. Time off and assistance in hiring a new house. An employee might require time offs to search for his new house and also finalise on the documentations the new house could be supported by the company for a specific time period.
5. Salary Advance - It would be beneficial for the employee to have some amount of salary provided first hand in order to manage the local expenses, which could be later deducted in instalments from the salary.
6. Assistance on new location - Assisting the new employee with informations on Road Transport, schools, housing, employment options for spouse, banking facilities.
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