The prices charged by different corporate or employee relocation companies vary and depend on several factors. As every customer’s requirements are different, the relocation cost also differs. Here are all the reasons that contribute to the cost of employee relocation:

  1. The distance to be covered for relocation
  2. Weight and size of the goods
  3. Employees to be moved
  4. Number, size, and type of packing materials used
  5. Workforce required
  6. Time taken to complete the move, etc.

These are the things that contribute to the cost of moving a corporate employee. These are a few things that, by default, set the price of corporate relocation, but there are also some important factors that you must keep in mind. While estimating your employee relocation budget, you should not forget to include the following relocation cost in it:

  1. Cost of the new location
  2. Cost of packing and moving prices
  3. Short-term housing costs
  4. Moving insurance charges
  5. Temporary warehousing costs
  6. Cost of house hunting trips at the new location
  7. Residence sale and/or purchase costs
  8. Total taxes charged on benefits
  9. Miscellaneous costs such as cleaning services, driving license fees, the connection of utility services, etc.

Once all these things are considered, you will get a rough estimation of the cost of moving 1 employee. And after that, you can multiply the cost by the number of employees relocated. This will show you the entire expense the company has to bear for their corporate shifting.