Example Relocation Policy and Policy Benchmarking

One of the unique advantages that ARC offers to clients is relocation policy bench marking from hundreds of example policies across virtually every industry. ARC hosts and attends, industry conferences and sessions to bring our clients the latest updates and industry best practices. We also provide relocation services to many of the government agencies that regulate real estate, tax and international moves.  Accordingly,  ARC has become a certified expert on the rules and regulations and how they must apply to policy.

Our team has data that we share with clients on the most common relocation benefits offered.  For this reason, policies are grouped by industry, relocation type and by employee level. Our clients can also view reports on average costs, average time metrics and the most common relocation policy exceptions. To be sent a copy of this information please CONTACT ARC today!

To view example relocation policies please view below. 

relocation-policy1

Why do companies have
a written relocation policy?

The top five reasons that companies have a written relocation policy are:

1Liability

having a written policy will document the company’s program and will act as evidence of policy to document and protect the company in the event of law suits.

2Set expectations

having a written relocation policy sets expectations for the employee and clarifies what benefits the company is and is not offering. Setting clear expectations greatly reduces the likelihood that the relocation will fail.

3Stream lines the process

Having a written relocation policy streamlines the process by providing employees and providers written guidelines to follow and adhere to when relocating.

4Control costs

having a written policy of which services and benefits are covered by the company and which or not controls costs for the employee, employer and various service providers.

5Recruitment / Retention

having written relocation policies aids companies in recruitment and retention efforts by clearly to conveying to talent the benefits the company offers.

Relocation Policy Development

Below are a questions that we ask the client to identify when creating a relocation policy:

  • What is the company’s budget?
  • What is the intention of the relocation program?
  • How will you measure “success” with your relocation program?
  • When was the last time you reviewed your relocation policy?
  • When was the las time you were provided relocation policy benchmarking, average relocation costs, trending analysis on policy exceptions?
  • What are your current relocation program issues?

ARC CAN HELP!

Please contact ARC today to receive:

  • Policy Development
  • Industry Benchmarking
  • Policy Review
  • Trend Analysis

Example Relocation Policies

An example relocation policy is a popular request we receive at ARC Relocation. So, we decided to publish example policies as a resource on our site for all HR Professionals to benefit.

ARC has the unique advantage of serving both the US Government and corporations all of the world, and across virtually every industry.  This provides us with a large relocation policy library. All of our tools ensure that we provide the best relocation policy benchmarking. 

Below are examples of what a relocation policy can and should look like for various relocation situations and employee levels.

We hope that these policies are helpful. Please note that relocation policies should fit the company’s budget and directive. The below are meant as a guide. It is important to identify the company’s concerns, needs, goals and requirements and build a policy to adopt industry best practices around those criteria.

BenefitNew HireMid LevelUpper LevelC Suite Executive
Shipment of GoodsYes 5,000 lbsYes 7,500 lbsYes 12,000 lbsYes 20,000 lbs
Car ShipmentNoYes 1 carYes 2 carsYes 3 cars
Home Sale / Lease BreakNoLease break
2 months
Cap $3,000
Lease Break
2 months
Cap $6,000
 
Home Sale
Up to 8%
Sale Cap $500,000
Lease Break
2 months
Cap $10,000
 
Home Sale
BVO Program
Cap $1,000,000
Home Find TripNoYes
Cap 5 day
Yes
Cap 1 week
Yes
Cap 10 days
Temp HousingNoYes 30 daysYes 60 daysYes 90 days
Rental Assistant / Home PurchaseNoYes 1 day/
No
Yes 2 days
Yes Cap 2% $500,000
Yes 5 days/
Yes Direct Bill all “normal and
customary” up to $1,000,000
Misc Lum SumYes $2,000Yes $3,000Yes $5,000Yes $7,500
Final TripYes (cap $1,500)Yes (Cap $3,000)Yes Direct Reimbursement Full CostsYes Direct Reimbursement Full Costs
Tax Assistance (Gross-Up)NoPartialYesYes

For questions and more information please contact ARC Relocation today.