Relocation 📦
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?
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).
Do any of these companies help with selling a home if you own?
Thank you all!
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).
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.
My relocation package says L5/L6
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.
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.
Relocation expenses are no taxable as since 2018