What Kind of Job Relocation Packages are Available in India?

Answers:1   |   LastUpdateAt:2021-07-31 20:53:46  

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Asked at 2020-12-10 02:33:57

Summary: In some of the last few years, the home shifting and the services of the packers and movers in Surat, Mumbai, Pune, Chennai and the other parts of India were so expensive that were provided by specialized contractors. But, in the current scenario, the global economy and the high-educated workforce have been improved. The competition for the best talent is stronger than ever in the sector of logistic solutions. There are many smart packers and movers in the market that are jumping on the bandwagon of relocation just for the sake of their customers to deliver the best experience.

Why HR professionals are optimistic about Relocation?

The relocation packages of the IT companies are increasingly become easy and smooth by the side of the companies for their employees. But, for the employees that are getting the chance to shift their homes abroad, it is a great career opportunity for the better of their lavish lives. This is the reason why the HR professional of the companies considers this process of relocation as a turning point in the lives of their employees.

Now, let us discuss what kind of relocation packages the companies are providing in their offices:

· Direct billing

· Lump sum

· Reimbursement

· Third party relocation

· Expatriation assistance

Have a look in detail now:

· Direct billing: The IT companies hire the packers and movers in Pune, Surat, Chennai, and Delhi or wherever they are located to send their employees to their destination place. Whatever is the cost of the moving companies that will be paid by the companies themselves by the terms and conditions of the direct billing system of the companies.

· Lump sum: Under this system, a set amount of money is given to the employee bank account for the payment of the moving companies and the other related expense of the relocation process from one city to another city or country.Besides, for the tax payment, the government will consider this under the income of the employees which is further taxable in nature.

· Reimbursement: In this system, the employee is liable to pay every expense of the relocation from one city to another. The record of the movers and packers should be with them and further, the company will be paying that employee for the same process after seeing the record of the relocation expenses.

· Third party relocation: In the current regime, all the moving companies are being outsourced by the IT and MNCs companies to provide comprehensive service to their employees in certain cases such as existing residence, spousal employment assistance, storage of household goods and rental assistance.

· Expatriation assistance: It is considered as the extra relocation assistance used by the MNCs and Its companies for their employees relocation services inside India or outside the country. The language and the cultural assimilation instruction will be offered by the relocation package of the company to help the employees comfort zone. This will enhance the confidence of them by getting adjusted to the new culture and its customs.

Providing the employees of the company with the relocation packages will raise the incentives for the current employees to pursue career growth within the company. With the growing competition level in the market, the companies in the IT cities are offering attractive relocation packages as discussed above that is a win-win for both the companies’ i.e IT firms and the business of the packers and movers. The employees are also extracting several perks out of it.

Conclusion

All in all, you need to focus on the above-mentioned points and if you want to hire the movers and packers then give us a call. 

Answer1yanmaneeeAnswered at 2021-07-31 20:53:46

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