Every single year, millions of people in the Vietnamese relocate for work – companies hire new employees from out of the area, current employees are sent on long-term assignments in distant cities, staff members are transferred to branch offices across the country, etc. The prospect of moving for a new position, however, is rather daunting and may result in second thoughts about accepting the job offer. So, to ease the anxiety and to provide an incentive for job transfers, companies usually offer relocation assistance to their employees – relocation services meant to relieve the financial burden of moving.
The types of relocation services offered by different companies differ considerably depending on a number of factors. So, if you are required to move to more than 50 miles away for work, you need to research the available options and to successfully negotiate the most beneficial relocation assistance for your particular circumstances. Your first step is to find out everything there is to be known about relocation services
What do relocation services usually include?
Standard relocation service cover moving costs and temporary living expenses, as well as certain miscellaneous expenses directly or indirectly related to the relocation process, such as home-hunting, updating important documents, or getting your new place ready to live in. However, your employer may be willing to provide additional assistance, especially if you are a valuable asset to the company. If offered a full relocation services, you can expect reimbursement for:
Home hunting – your employer will cover the expenses for two trips to your new city (including airfare, hotel, meals and a rental car), so that you can search for an appropriate new home in the area;
Home sale and home buying services
Home sale and home buying services – the company will pay the closing costs and commissions on the sale of your old home. They may even compensate you if you have to sell your property at a loss. If you are leaving a rental ahead of time, any penalty charges for breaking the lease will be covered. You will also get help buying a new home close to your workplace – the company will not only pay the closing costs and the various fees on the purchase of the property, but may even buy down the interest rate on your new home’s mortgage or give you a loan at a very low rate;
Moving and storage expenses
Moving and storage expenses – you can choose the moving option that best suits your particular needs and requirements, but your best bet is to hire full-service movers for your job relocation – they will take care of all the arduous moving tasks in a quick, safe, and efficient manner, leaving you enough time to deal with other important issues. Your employer will pay for the moving services (packing, shipment of your household goods, and unpacking), as well as for the insurance of your belongings while in transit and even for temporary storage (if necessary);
Shipment of vehicle
Shipment of vehicle – unless you prefer to drive your car to your new home, your vehicle will be transferred to your new location at your employer’s expense;
Travel expenses – your employer will pay for airline (or bus or train) tickets for you and your family. Meals and lodging on the way will also be provided for;
Temporary housing – you will be provided with temporary accommodation for the period while searching for a permanent residence in the area or getting your new home ready to move in;
Miscellaneous expenses – in addition to the moving costs, you will be reimbursed for various other relocation-related expenses, such as necessary repair works, professional cleaning, utility hook-ups, updating licenses and registrations, etc.
Childcare assistance, spousal job support, and other special benefits may also be included in your relocation service.