• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » U.S. firms spend up to $97K to relocate employees

U.S. firms spend up to $97K to relocate employees

U.S. firms spend up to $97K to relocate employees

NEW YORK, UNITED STATES — Companies in the United States (U.S.) are spending as much as US$97,000 per employee on relocation assistance to get their workers back to the office. 

According to a report by The Wall Street Journal, relocation benefits are back on trend as more employers want to encourage on-site work. 

WSJ added that this move also marks a new moment in how companies think about remote work, which is declining. 

Job postings in the U.S. that mention relocation benefits were up nearly 75% as of February compared to the prior year, according to hiring platform Indeed.com. On ZipRecruiter, job ads that tout relocation money have doubled to 3.8 million after falling under two million in 2020. 

However, ARC Relocation, a service that helps companies relocate workers, said relocation benefits are not cheap. 

Moving a new hire can cost US$19,000 for a renter and up to US$72,000. It’s even more expensive for companies to relocate current employees — from US$24,000 for a renter to US$97,000 for a homeowner.

“We have seen a significant rise in clients since companies began to mandate remote workers to return to the office,” said ARC Relocation owner William Mulholland.

Relocation assistance can also subsidize the cost of packing and shipping household possessions and several months of rent for company housing. 

Still, a survey by moving company Atlas Van Lines expects relocation budgets to increase further in 2023 as companies push relocation to their remote workers.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image