Go Back   Team-BHP > Around the Corner > Shifting gears

Thread Tools Search this Thread
Old 12th March 2010, 13:00   #1
Senior - BHPian
lohithrao's Avatar
Join Date: Feb 2007
Location: Kudla/Mangaluru
Posts: 3,132
Thanked: 163 Times
Default Regarding benefits offered to an employee on relocation...

Hi All,

Would like to know what are the benefits/allowances a organization offers to its employee's who have to relocate?

Just like to know what are the common practice followed these days?

lohithrao is offline   Reply With Quote
Old 12th March 2010, 13:14   #2
Mr_Bean's Avatar
Join Date: Nov 2008
Location: Bangalore
Posts: 854
Thanked: 142 Times

The relocation policies are not the same among MNC's..

Some of the relocation policies in my company:
Company will bear the change of registration cost for two/four wheelers if the employee does an inter-state relocation. Money will be taken back if the employee fails to complete one year in the new locations.
Transfer of house-hold items, A to Z. No limit, but get prior quotation from 3 packers & movers & go for the lowest offering.
Company absorbs the penalty incurred or loss due to lease breakage in the old location.
Company reimburse the first one week expenses on food and accommodation.
Bonus if willing to move to a certain location.

Last edited by Mr_Bean : 12th March 2010 at 13:16.
Mr_Bean is offline   Reply With Quote
Old 12th March 2010, 13:24   #3
Senior - BHPian
amtak's Avatar
Join Date: Oct 2006
Location: Mumbai - The city of Sea Link!!!
Posts: 2,804
Thanked: 382 Times

With in the country or outside the country. These 2 are key things to be considered while replying to this thread. I am in the business of relocations so can give tips accordingly.
amtak is offline   Reply With Quote
Old 12th March 2010, 13:25   #4
Senior - BHPian
Join Date: Sep 2008
Location: Bangalore
Posts: 1,891
Thanked: 21 Times

Hi Lohit,

I can share what our company (one of the top Brands in the world) provided to me and my 15 colleagues who had to relocate to bangalore during 2006 second half till march 2007.

1. one to and fro air travel, plus stay for 3 days prior to actual relocation for self and family for house hunting, school hunting etc This was actually combined with some other official event of the company.

2. Interest free loan towards the security deposit for the rented house, this was deducted form the salary over 12 months

3. Assistance to get the information about the schools

4. an agent to find the rented houses, get the vehicles registered etc. The servcies were paid by the company.

5. Airtickets for self, wife, children during actual re-location.

6. transportation and insurance expenses at actual for household goods

7. Disturbance allowance to take care of extra expenses during the first 15 days of relocation. this included any hotel stay needed during the first 3-5 days of relocation due to unavailability of household goods etc.

8. if the person owns a vehicle (2 & 4 wheeler) the lumpsum allowance to take care of transportation, re-registration, taxes etc. maximum of one car and one two wheeler.

9. 10 days of leave for actual re-location.

10. a window of over 6-8 months was provided and emplyee can relocate during that window depenging on his family needs. during this 6-8 months
the emplyee continued to work from the orignial location and traveled to Bangalore whenever needed for business reasons.

11. Some nominal Bonus for relocating (only for junior guys)

If the person leaves the company with in 12 months of relocation, the company reserves the right to deduct all the expenses, alloance and bonus paid due to re-location.

Generally it depends on the supply Vs demand gap, the urgency of relocation, company policies, HR practices and also the leverage one's manager can excercise with the policies. Good companies have
consistent polices across the designation or level of employee within the hierarchy.

Last edited by StarVegabond : 12th March 2010 at 13:30.
StarVegabond is offline   Reply With Quote
Old 12th March 2010, 14:02   #5
Senior - BHPian
lohithrao's Avatar
Join Date: Feb 2007
Location: Kudla/Mangaluru
Posts: 3,132
Thanked: 163 Times

WOw thats a good lot of info, thanks guys!
lohithrao is offline   Reply With Quote
Old 12th March 2010, 15:15   #6
Distinguished - BHPian
phamilyman's Avatar
Join Date: Jul 2007
Location: Gurgaon
Posts: 5,619
Thanked: 3,526 Times

and meanwhile the world has changed. I have recently read many job advts for 4-10 yr exp MBA jobs which clearly mention local candidates only / no relocation.
phamilyman is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Relocation to Hyderabad. Need suggestions paharino1 Shifting gears 203 16th January 2018 13:30
Relocation - Local orientation and help amtak Shifting gears 242 27th September 2016 23:15
Car relocation - Hyderabad to Delhi paharino1 Street Experiences 13 24th April 2013 12:47
Registration of Honda Activa after relocation to Mumbai aarenes Motorbikes 9 6th November 2009 16:44

All times are GMT +5.5. The time now is 03:52.

Copyright 2000 - 2018, Team-BHP.com
Proudly powered by E2E Networks