Cost Coverage – Overall & Specialized Assistance for Homeowners/Renters

Over the past ten years, nine out of ten companies reimbursed or paid some relocation costs for transferees or new hires. This year, the number fell to around eight of ten. This drop primarily reflects more small firms are opting either to not cover costs or to offer lump sums instead.

Around half or more companies reimburse/pay to:

  • Pack all items (72%)
  • Move an automobile (70%)
  • Move unlimited weight (45%)
Question 28-1
Does your company reimburse/pay to...
Chart Q28
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Question 28-2
Does your company reimburse/pay to...
Chart Q28-2
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Homeowners
Most firms continue to offer specialized relocation assistance for homeowners; however, small firms remain less likely than mid-size or large firms. Compared to the previous five years, the percentage of firms offering such assistance dropped slightly. This change was driven primarily by small firms (58% vs. 76%) opting either to not offer it or to offer lump sums in lieu of it.

  • Most individual homeowner-assistance items remain similar over the past few years, but a few trends are worth noting. The percentages of firms offering homefinding trips (59%), temporary housing allowances (63%) and reimbursing/paying for federal tax liability (28%) fell significantly from last year (68%, 72% and 37%, respectively) to the lowest levels historically. Home marketing assistance (53%) and storage (61%) peaked last year but have fallen back within the historically normal ranges (42% and 50%, respectively).

For homeowners, half or more of firms offer the following to transferees or new hires:

  • Temporary housing allowance (63%)
  • Homefinding trips (59%)
  • Reimburse/pay for home sale costs (52%)
  • Reimburse/pay for home purchase costs (50%)
  • Offer storage (50%)
Question 29-1
When a relocating employee is a homeowner, who will be buying, does your company...
Chart Q29
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Question 29-2
When a relocating employee is a homeowner, who will be buying, does your company...
Chart Q29-2
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Renters
Most firms continue to offer specialized relocation assistance for renters, however, small firms remain less likely than other firms. Compared to the previous decade, the percentage of firms offering this assistance dropped slightly. The change reflects fewer small firms (62% vs. 82%) offering it or opting instead to offer lump sums in lieu of it.

  • Overall, the percentages of firms offering each type of renter-specific assistance dropped compared to last year, most substantially for homefinding trips (51% vs. 66%), temporary housing allowances (58% vs. 70%) and storage (42% vs. 54%). The biggest drops for storage occurred among large (54% vs. 68%) and small (27% vs. 42%) firms, the largest drops for homefinding trips occurred among small (30% vs. 49%) and mid-size (58% vs. 73%) firms, and the biggest drop in temporary housing allowances occurred at small firms (44% vs. 63%).

For renters, more than half of firms offer the following to transferees or new hires:

  • Reimburse/pay for lease cancellation (60%)
  • Temporary housing allowance (58%)
  • Homefinding trips (51%)
Question 30-1
When a relocating employee will be renting, does your company...
Chart Q30
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Question 30-2
When a relocating employee will be renting, does your company...
Chart Q30-2
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Transitionary Status
The difficult housing market has brought a shift toward renting instead of selling and/or purchasing homes. A new question in this year's survey found around half (47%) of firms allow homeowners who decide to rent in the new location an option to use home sale/purchase assistance later. However, most firms require these benefits to be used within the first year. Mid-size and large firms were more likely than small firms to have a policy on this (84% and 94% vs. 68%, respectively).

Question 31-1
If homeowners decide to rent, are they allowed to use relocation-related home-sale/purchasing assistance later?
Chart Q31
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Question 31-2
If homeowners decide to rent, are they allowed to use relocation-related home-sale/purchasing assistance later?
Chart Q31
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