Does anyone know what a "fair" relocation package would consist of?

Answer 1

1. Cost of a familiarization and house-hunting trip for the employee, spouse, and family. (Does your family really want to move here?)
2. Extra time off (with pay) for traveling and house hunting in the new location.
3. Moving expenses, including packing and insurance.
4. Travel expenses (lodging, meals, gas, etc.) while traveling to the new location.
5. Assistance in the sale of your old home:
...Company assumes responsibility for monthly payments, taxes and insurance until the old home is sold.
...Price guarantee: if sold by the employee, the company will pay the difference between the net selling price and a specified price.
...Alternative price guarantee: If employee can not sell the house within a specified period of time, the company will buy it at a specified price.
...Company will pay commissions and other costs of sale.

6. Assistance in the purchase of a new home:
...Company to pay rent of temporary quarters, until a permanent home is located.
...Buy down the interest rate.
...Company provides low or no interest loans.
7. A salary level commensurate with any increase in cost of living between the new location and your old location.

Answer 2

Full srvc move including packing, 4 househunting trips, closing costs on buy and sell, selling agency fees, legal fees and $20k for incidentals.

Answer 3

If a company feels that they need you elsewhere more than where you are at, They pay to move you to where they need you more. They also pay for your own transpotation to that place.