A relocation repayment agreement is also referred to as an employee relocation agreement. Whichever term you use, the agreement concerns which moving costs your company will cover for you, and which it won’t.
Not all companies offer relocation agreements. However, most large companies do, and if a company is trying to entice you to move to take a job with them, there’s a good chance you can negotiate a relocation repayment agreement with them.
Costs to address in the agreement include:
- Moving company costs
- Travel costs
- First month’s rent / cost to break a lease
Note that if you already have an employment agreement with the company, it might address relocation costs. However, if it does not, talk to your superior about whether costs will be covered, and make sure to get the details written down. That way you’ll be able to rest assured that the costs you expect to be covered will, indeed, be covered.
Learn more about employee relocation agreements at MovingGuru.com.