• I'm happy to introduce the Styleforum Happy Hour, our brand new podcast featuring lively discussion about menswear and the fashion industry. In the inaugural edition, a discussion of what's going on in retail today. Please check it out on the Journal. All episodes will be also be available soon on your favorite podcast platform.

  • STYLE. COMMUNITY. GREAT CLOTHING.

    Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

    Click Here to join Styleforum's thousands of style enthusiasts today!

Anyone know about relocation packages? $40k!! What??

gilwood

Senior Member
Joined
Jan 8, 2009
Messages
558
Reaction score
1
I recently got relocated by my company and the deal was that I'm on the hook for the relocation fees if I leave before 2 years. So I signed the contract & got relocated. I asked for estimates on the relocation amounts, but they said they wouldn't provide that. So months later I find out:

2 months of furnished apartment = $15k!
Relocation Costs = $16k!
Bonus = $9k

The bonus I have no problem with the bonus, but 2 months of rent is $15k?? Also, I moved a bed, a desk and closet full of clothes and it comes out to be $16k?? How the hell is that possible?
 

Piobaire

Not left of center?
Joined
Dec 5, 2006
Messages
59,944
Reaction score
22,567
I at least hope you got that amount prorated.
 

globetrotter

Stylish Dinosaur
Joined
Sep 28, 2004
Messages
20,607
Reaction score
400
ouch. good luck.

my package was about 40K, but I paid it out and was reimbursed, so I know what it was.
 

Fuuma

Franchouillard Modasse
Joined
Dec 20, 2004
Messages
26,511
Reaction score
12,545
Originally Posted by gilwood
I recently got relocated by my company and the deal was that I'm on the hook for the relocation fees if I leave before 2 years. So I signed the contract & got relocated. I asked for estimates on the relocation amounts, but they said they wouldn't provide that. So months later I find out:

2 months of furnished apartment = $15k!
Relocation Costs = $16k!
Bonus = $9k

The bonus I have no problem with the bonus, but 2 months of rent is $15k?? Also, I moved a bed, a desk and closet full of clothes and it comes out to be $16k?? How the hell is that possible?



16K is quite possible, however if you were in a 7.5K/month Mass apt you'd have noticed.
 

BC2012

Senior Member
Joined
Dec 31, 2010
Messages
288
Reaction score
0
Ouch, what shitty healthcare/biotech firm are you working for? On a side note, don't leave before 2 years.
 

roycel

Member
Joined
Jan 3, 2011
Messages
17
Reaction score
0
where did you move to/ from? i've relo'ed twice. both from LA. Once to Denver, the other time to Phoenix. The cost of living is substantially less in both destinations compared to other prominent US cities, but my relocation estimates were still around $16k each. Also, I was given 1 month furnished apt., and 1 month rental car.

though def. on the high side, it doesn't sound too ridiculous.
 

Trompe le Monde

Distinguished Member
Joined
Oct 30, 2009
Messages
2,004
Reaction score
210
for comparison, i moved 1000 miles, furniture volume about a 2 BR apartment (actually less), came out to be ~12k. graebull movers. although i think that price includes a car (transported inside the cargo).

250$ a day for a serviced apartment esp in boston IS NOT expensive.... .think of it as a suite hotel. (coincidentally i stayed for a number of months in cambridge (UK not MA) , 7k USD a month)

your numbers are not unreasonable.


we're only on the hook for 1 year, however.


edit: if you leave, i assume it'll be on your terms, which means you will have found employment elsewhere. in which case: get yourself fired!
 

Flambeur

Distinguished Member
Joined
Mar 19, 2008
Messages
5,058
Reaction score
24
Most I've gotten was about $30K (what company gave) - luckily never had to spend more than $5K to move since I tend to minimize and throw out/sell crap.

And yeah, prorated = good.
 

gilwood

Senior Member
Joined
Jan 8, 2009
Messages
558
Reaction score
1
Originally Posted by Piobaire
I at least hope you got that amount prorated.

If I leave after 1 year, I only have to pay back 50%. But that's still $20k.
 

Featured Sponsor

What's your favorite pair of shoes to wear with jeans? (Choose two)

  • Boots (Chelsea, Chukkas, Balmorals, etc.)

  • Loafers

  • Work boots (Red Wing, Wolverine, etc.)

  • Monk strap shoes

  • Oxford / Derby shoes

  • Sneakers


Results are only viewable after voting.

Related Threads

Forum statistics

Threads
426,994
Messages
9,189,462
Members
193,014
Latest member
wooxkoov

Styleforum is proudly sponsored by

Top