Average job relocation costs/compensation?

Dizzumm

Hi all - I'm on the board of a small nonprofit in Baltimore and we're hiring a new executive director.  Our preferred candidate currently lives in Florida.  She's very willing to move, and we'd like to offer to reimburse all or some of her relocation expenses.

Does anyone know an average ballpark for this? Either what you would expect it to cost or what your company/organization typically offers?  If you have info on your company/org, it would help to know whether it is a small/medium/large business, nonprofit, association, etc.

Any other advice, elements to consider or resources are also most welcome.

Thanks so much!

Kewliegirl

Dear Dizzum,

 Our relocation was probably an exception to the "average," but I will tell you what I know. It was a FANTASTIC process. Granted, my husband's company is a Fortune XXX company, so definitely far from a nonprofit. There really wasn't much we paid out of pocket. They worked through Paragon, and we had one (maybe two) representatives we dealt with through the process, which was really, really nice. I'll ask my husband to be sure, but as far as I know, we would recommend Paragon.

Our package included packing (THANK GOD, for this 6+ month pregnant woman) and moving, reimbursement of the difference between the selling price and what we paid for our house, new home assistance, a financial allowance (for replacements, car tags, other assorted stuff, as needed), house closing on both ends of our relocation. If I had been working a full time job (I was working three part time jobs -- two adjunct professor and one retail), I would have received some sort of compensation for my job loss. I'm certain you could talk to Paragon to see what options they can offer and what you want to offer.

If you send me your email, I will talk to J to find out what our final costs were. I know he received a summary of EVERYTHING. It was substantial, but again, I think we were the exception to the average.

Movin' and shakin',

kewliegirl

victoria1212

For both my current company and the large non-profit I worked for- the benefits are very similar to what kewlie describes. Closing costs are a big deal because people moving to the DC area (particularly MD) are shocked by the closing costs on a new home (due to MDs transfer tax) but that can really drive up the relocation costs. Also, my current company pays for temporary housing for the up to the first 60 days.

Does your new ED have expectations of relocation expenses being covered? Or do you all have a $$ amount that you are willing to offer this person to move? I think the open ended costs could be hard for a smaller non-profit so maybe saying, we will cover up to X amount would be better for you all.

ch ch ch chia

Kewliegirl:

Dear Dizzum,

 Our relocation was probably an exception to the "average," but I will tell you what I know. It was a FANTASTIC process. Granted, my husband's company is a Fortune XXX company, so definitely far from a nonprofit. There really wasn't much we paid out of pocket. They worked through Paragon, and we had one (maybe two) representatives we dealt with through the process, which was really, really nice. I'll ask my husband to be sure, but as far as I know, we would recommend Paragon.

Our package included packing (THANK GOD, for this 6+ month pregnant woman) and moving, reimbursement of the difference between the selling price and what we paid for our house, new home assistance, a financial allowance (for replacements, car tags, other assorted stuff, as needed), house closing on both ends of our relocation. If I had been working a full time job (I was working three part time jobs -- two adjunct professor and one retail), I would have received some sort of compensation for my job loss. I'm certain you could talk to Paragon to see what options they can offer and what you want to offer.

If you send me your email, I will talk to J to find out what our final costs were. I know he received a summary of EVERYTHING. It was substantial, but again, I think we were the exception to the average.

Movin' and shakin',

kewliegirl

This makes me want to find a job that will pay for us to pack up and move.  Hot damn.

Dizzumm

Thanks. This is very helpful. Kewlie - that's quite a package!

I think we'll definitely go the route of offering up to X amount toward relocation. There is now way we could afford all of that! I just have no idea what a reasonabl amount might be to offer.

Kewliegirl

Dear D,

When we moved from NoVa to RoaVa, he received an X-amount package. He was hired as "management," (but, as a pilot, not really management. He just wasn't hourly). If I recall, we received $5k toward moving. We could use it however we wanted -- either hire movers or do it ourselves and keep the cash*. This was for a much smaller company, but still a for-profit.

(*btw, that sucked azzzz)

 I'll still ask J what the costs were for us on move #2, in terms of packing and moving (not all the other awesome stuff), since like your girl, we were multi-state. I would suggest somewhere between 10-20k for an executive position. Does she have family she would be moving, too? Make sure to look into taxes with this. Would it be considered a "bonus" or reimbursement with the IRS? I have no idea how that may affect things.

Moving parts,

kewliegirl

Dizzumm

Thanks - lots to consider. I think the $5K is more in line with what this org will be able to do. But I'm going to share the rest with the board - folks need to realize what life costs!