Relocation πŸ“¦

Bloomberg Stan Ford
Jul 27 16 Comments

1) How big are the relocation packages at Google, Facebook, Amazon? 2) Can a portion be used to buy your way out of your current lease? 3) Do you get showered with taxes afterwards?

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TOP 16 Comments
  • Polaris Alpha / Eng
    bx44

    Polaris Alpha Eng

    PRE
    Parsons Corporation
    bx44more
    Do any of these companies help with selling a home if you own?
    Jul 27 7
    • Facebook zCLg50
      They paid to pack and move our house, shipped one car, mileage for driving, hotels, temporary housing upon arrival, realtor at new site to help in finding a new house, realtor fees for selling our old home plus an additional 15k after all moving expenses had been submitted.
      Jul 28
    • Polaris Alpha / Eng
      bx44

      Polaris Alpha Eng

      PRE
      Parsons Corporation
      bx44more
      Wow that's awesome! I assume relocation benefits tend to replace / eat into any sign-on bonus?
      Jul 28
    • Facebook zCLg50
      I don't think it does but I've never really tried to find out because Facebook took the annual number I asked for and added 15k a year to it. Full disclosure I came from a government contact role to this and looking back I really had no idea how much the big tech companies paid. Since this seems to be a thing here: tc 300k
      Jul 28
    • Facebook zCLg50
      If it matters this was a little over a year ago
      Jul 28
    • Polaris Alpha / Eng
      bx44

      Polaris Alpha Eng

      PRE
      Parsons Corporation
      bx44more
      Dude that's funny, I'm in the same boat. Been gov & contractor in MD my whole career, looking to shift back to West coast. If you don't mind me asking, what was your previous company? How was the transition?
      Jul 29
  • Amazon / R&D
    ps.ily

    Amazon R&D

    PRE
    Google
    ps.ilymore
    I’ve heard of people negotiating an additional cash bonus to help break out of your lease, YMMV. Also yes, all of your relocation is taxable income.
    Jul 27 2
    • Apple j583dj8
      It’s not a negotiation, it’s written directly into the relocation package. If you take the lump sum of money it’s taxable income and you will have to keep track of all those expenses to write them off. If you have the company do the relocation stuff for you, it’s much simpler to write it off.
      Jul 27
    • Qualcomm / Eng
      lovelife

      Qualcomm Eng

      PRE
      Qualcomm
      lovelife more
      Relocation expenses are no taxable as since 2018
      Aug 7
  • Just going through the relocation process (international) with Amazon now. They offered me 2 options:

    Lump sum option of $13K (net), plus flights.

    Assisted. $4K in cash, 40ft shipping container, destination storage of your stuff, 30 days rent or corporate housing, 30 days rental car (or uber/train allowance), tax consultant, a local agent to help with finding a house/apartment, picking schools, setting up utilities/bank etc. I currently rent, and they'll pay if you need to break a lease, but they also help with selling your house if need.

    If you're single and not bringing a lot of stuff the lump sum is probably best. I'm moving with a family so the assisted option offers a lot of benefits (and I don't have to spend my time organising the whole move).
    Jul 27 2
    • Accenture / Eng
      cadwe

      Accenture Eng

      PRE
      Samsung Electronics
      cadwemore
      Do you mind sharing the level you were hired as? I got an L4 offer but the recruiter only mentioned lump sum of $7K for relocation.
      Jul 29
    • My relocation package says L5/L6
      Jul 29
  • Bloomberg Stan Ford
    OP
    Thank you all!
    Jul 27 0
  • Amazon Not_U
    For L6 Amazon gives plain cash 7200 after taxes , 2 days hotel and flight fare (300$ paid lyggage per flyer) OR fully assisted one (which is better in my opinion if yoy are moving with family).
    Jul 27 0