Relocating for a job can be an exciting yet challenging experience. If you are considering a job opportunity with Boeing, one of the world’s leading aerospace companies, you may be curious about the relocation benefits they offer.
This article will thoroughly explore the Boeing relocation package, including the benefits, compensation, eligibility requirements, and frequently asked questions. By the end, you will comprehensively understand what to expect regarding the Boeing relocation package.
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Boeing Relocation Benefits
The company provides its employees with Boeing relocation assistance to help ease the transition of moving to a new location for work. These benefits aim to assist employees in various aspects of the moving process, from financial support to practical assistance.
Lump Sum
One option Boeing offers is a lump sum payment to help cover the expenses associated with relocation. The lump sum payment amount may vary based on factors such as the employee’s position, the distance of the move, and the employee’s specific needs.
This lump sum can be used towards moving costs, temporary housing, transportation, and other related costs. This is considered a relocation bonus vs a relocation reimbursement.
Relocation Package
In addition to the lump sum option, Boeing may provide a comprehensive relocation package. This package can include a range of benefits and services tailored to the needs of the relocating employee.
These benefits may cover transportation, temporary housing, real estate assistance, spousal support for job searches, and other resources to facilitate a smooth transition.
How Much Does Boeing Pay for Relocation?
The amount that Boeing pays for relocation varies depending on factors such as the employee’s position, the location of the move, and the employee’s circumstances. The relocation benefits are typically determined on a case-by-case basis.
Keep in mind that there is very little information available on this subject but here is a rough estimate based on our experience:
| Expense Category | Estimated Amount |
| Moving Household Goods | $5,000 – $15,000 |
| Temporary Housing | $2,000 – $5,000 per month |
| Travel Expenses | $500 – $2,000 |
| Home Finding Trip | $1,000 – $3,000 |
| Lease Breaking Costs | Varies |
| Storage Costs | $500 – $2,000 per month |
| Transportation of Vehicles | $1,000 – $3,000 |
| Miscellaneous Expenses | $1,000 – $3,000 |
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What Does Boeing’s Relocation Package Include?
Boeing’s relocation package can encompass a variety of components to support employees during their move, but you may be able to negotiate your ideal relocation package. Here are some standard features that may be included in the relocation package:
Transportation
The transportation component of the relocation package is designed to assist employees and their immediate family members in traveling to the new location. Here are some common inclusions:
Airfare: Boeing may cover the cost of airfare for the relocating employee and their immediate family members. This typically includes round-trip tickets to the new location.
Mileage Reimbursement: Boeing may reimburse the distance traveled if the employee drives to the new location. The reimbursement rate is typically based on the standard mileage rate set by the Internal Revenue Service (IRS) or a similar metric.
Rental Car or Temporary Vehicle: In some cases, Boeing may provide a rental car or offer assistance in securing temporary transportation upon arrival at the new location. This can help employees and their families navigate the area and manage transportation needs during the transition.
Temporary Housing
The temporary housing component of the Boeing relocation package is designed to assist employees during the transition period when they first arrive at their new location. These are some examples of what is typically included in the Boeing relocation package:
Temporary Housing Allowance: Boeing may provide a financial allowance or stipend to cover temporary housing costs. This allowance can help offset expenses such as hotel stays, extended stay accommodations, or short-term rentals.
Corporate Housing: In some cases, Boeing may arrange for corporate housing on behalf of the employee. Corporate housing typically offers fully furnished apartments or residences for a specified period. This option provides a comfortable and convenient living space while the employee searches for more permanent housing.
Assistance in Finding Temporary Housing: Boeing may offer services and resources to help employees find suitable temporary housing options in the new location. This can include access to rental listings, connections with real estate agents, or guidance on local housing markets.
Real Estate Assistance
The real estate assistance component of the Boeing relocation package is designed to support employees who own a home and need assistance with the sale or purchase of residential property during the relocation process. While the specific details may vary based on individual circumstances and the employee’s needs, here are some common inclusions:
Home Sale Assistance: Boeing may offer support and resources to help employees sell their current residence. This can involve providing access to professional real estate agents or relocation specialists who can assist with listing the property, marketing, and coordinating the home sale process.
Home Purchase Assistance: Boeing may provide resources and guidance to facilitate home-buying if the employee needs to purchase a new home at the destination. This can include connections to local real estate agents, information on the housing market, and assistance navigating the home purchase transaction.
Home Marketing and Closing Cost Assistance: Boeing may offer financial support to cover certain costs associated with selling or purchasing a home. This can include assistance with home marketing expenses, such as staging or photography, and closing costs, such as title insurance, appraisal, or legal fees.
Spousal Support
The spousal support component of the relocation package is designed to provide assistance and resources to the spouse or partner of the relocating employee who the move may impact. These are some common inclusions:
Job Search Assistance: Boeing may offer resources and support to assist the relocating employee’s spouse or partner in finding employment in the new location. This can include access to job placement services, networking opportunities, resume assistance, and career counseling.
Education and Training Resources: If the relocating employee’s spouse or partner wishes to pursue further education or training, Boeing may provide information on local educational institutions, professional development programs, or financial assistance options that can support their career goals.
Dual-Career Support: Recognizing the importance of dual-career households, Boeing may provide guidance and resources to help the spouse or partner navigate their professional aspirations while considering the impact of the relocation. This can include information on local industries, professional organizations, and mentorship opportunities.
Moving Expenses
The moving expenses are designed to assist employees with the costs associated with physically moving their belongings from their current residence to the new location. Here are some common inclusions:
Professional Moving Services: Boeing may cover professional moving services costs to transport employees’ belongings from their current residence to the new location. This can include packing, loading, transportation, unloading, and unpacking services provided by a professional moving company.
Packing Materials: Boeing may provide or reimburse employees for the cost of packing materials, such as boxes, packing tape, protective wrapping, and other necessary supplies. This ensures employees have the resources to pack and adequately protect their belongings during the move.
Storage Solutions: If temporary storage is required during the relocation process, Boeing may cover the costs of storing the employee’s belongings in a secure storage facility. This can be helpful when there is a gap between leaving the current residence and moving into the new home.
Insurance Coverage: To protect the employee’s belongings during the move, Boeing may provide insurance coverage or reimburse the employee for obtaining appropriate insurance coverage. This helps safeguard against loss or damage to personal items during transit.
Relocation Counseling
The relocation counseling component is designed to provide support and guidance to employees and their families as they navigate the challenges and adjustments associated with the relocation process. Here are some common inclusions:
Orientation to the New Location: Boeing may provide orientation materials or resources to help employees, and their families become familiar with the new location. This can include information about the local community, schools, healthcare facilities, recreational opportunities, and other essential services.
Settling-In Assistance: Relocating to a new area often involves various logistical tasks, such as setting up utilities, registering vehicles, and finding local service providers. Boeing may offer guidance and resources to assist employees in completing these tasks efficiently and smoothly.
Cultural and Cross-Cultural Training: If the relocation involves moving to a different country or a region with a different culture, Boeing may offer cultural and cross-cultural training programs. These programs can help employees and their families understand and navigate cultural differences, customs, and social norms in the new location.
Community Integration Support: To facilitate a sense of belonging and community integration, Boeing may provide information on local community groups, clubs, or networking opportunities. This can help employees and their families connect with others in the new location and establish a support network.
Access to Resources and Support: Boeing may provide access to resources such as relocation counselors or advisors who can offer guidance and support throughout the relocation process. These professionals can address questions, provide information, and assist in navigating the move’s challenges.
Does Boeing Offer an International Relocation Package?
Yes, Boeing offers an international relocation package for employees required to relocate to a different country for work.
International relocations involve additional complexities, such as immigration procedures, cultural adaptation, and language barriers. Boeing recognizes these challenges and provides support tailored to international moves.
The international relocation package may include assistance with visa processes, language training, cross-cultural training, and other resources to help employees and their families navigate the transition successfully.
How to Get a Boeing Relocation Package
To be eligible, you must meet specific criteria and be offered a position that qualifies for relocation benefits.
The requirements and process may vary depending on the position, location, and circumstances. Typically, the human resources department or the hiring manager will provide information about the relocation benefits and guide you through the necessary steps.
It’s essential to communicate your interest and discuss the relocation package during the job offer negotiation stage to ensure clarity and alignment of expectations.
Boeing Relocation Package- FAQs
What does a typical relocation package include?
A typical relocation package can include transportation assistance, temporary housing support, real estate assistance, spousal support, moving expense coverage, and relocation counseling.
However, it’s important to note that the specific inclusions may vary based on individual circumstances and the employee’s needs.
Is the Boeing relocation package taxable?
Some aspects of the relocation package may be taxable, while others may be tax-free. Tax laws and regulations vary by jurisdiction, so it’s advisable to consult with a tax professional to understand the tax implications specific to your situation.
How long until I am eligible to relocate with Boeing?
Eligibility for relocation benefits with Boeing depends on various factors, including the position, the location, and the specific terms of the job offer.
It’s best to consult with the hiring manager or the human resources department to understand the eligibility requirements and any applicable waiting periods.
Conclusion
The Boeing relocation package provides valuable support and assistance to employees required to relocate for work.
Whether through a lump sum payment or a comprehensive relocation package, Boeing aims to alleviate the challenges and expenses associated with moving. The package may include benefits such as transportation assistance, temporary housing support, real estate assistance, spousal support, and moving expense coverage.
ARC Relocation can help with multiple factors associated with a relocation. Whether you need help finding a moving company, vehicle shipping, or packing and unpacking services, ARC Relocation can help. Contact us today to schedule a complimentary call.