Are you a current or prospective Amazon employee concerned about relocating to a different city or state? Amazon offers its workers support with relocation, whether for personal or business reasons. Read on and learn important facts about the Amazon Relocation Package.
Are you concerned about Amazon's transfer letter you just received? Then it would be best to consider how you will manage all the moving-related expenses. Perhaps you will need to sell your home and belongings; if so, how will you rent or acquire a new place and purchase new items? Or how will you get your belongings to a new city or state? Do you have sufficient funds to cover all of these expenses?
With all these questions unanswered, you must be wondering; does Amazon offers relocation assistance? The truth is YES, Amazon does offer a relocation package for all its relocating employees. If so, how much is the Amazon Relocation Package worth? Keep reading to find out.
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How Much Is Amazon Relocation Assistance?
Is the Amazon relocation package sufficient to cover all costs associated with the relocation process? Well, let’s have a look at the numbers. Amazon provides between $20,000 and $40,000 in relocation assistance to its employees, depending on the distance and additional expenses. The actual amount you receive will depend on your anticipated moving expenses. In most circumstances, Amazon will help you find a new residence through associated real estate agents and provide financial support.
What's Included In An Amazon Relocation Package?
The Average Amazon Relocation Package comprises $20k to $40k, depending on the employee's profession and tenure with the company. The usual relocation package also includes housing costs for a few months and a realtor's help to you select a suitable home in your new area.
This package allows employees to access a 24/7 support desk that facilitates a speedy and accurate relocation process. Employees can transfer all their essential items through the program through delivery partners at a subsidized cost.
In a case where employees need to sell their homes, the company's realtor partners help find suitable clients and offer better prices on new residences in the new location. However, are you aware that the Amazon relocation package comes in two options? Find details on the different packages next.
Type Of Relocation Assistance Offered By Amazon
A relocating Amazon employee must select between the two options listed below:
- The first option provides the employee with a One-Time Cash Payment that should cover all moving fees. With the provided funds, the employee is expected to cover moving expenses and make housing arrangements.
- The second relocation package option provides aid with moving services, travel fees, finding a rental property, and, if needed, cars. However, the package also includes cash, though not as much as the amount offered with the lump sum option.
Why Does Amazon Require Its Employees to Relocate?
The Amazon Company often relocates employees across the country for various reasons. Here are some of them:
- First of all, senior personnel with more years of experience are usually transferred to either a new site where the company has just begun operations or where the company's performance is deteriorating.
- Secondly, Amazon may relocate employees to different states to meet customer demands due to the company's excessive holiday bulk orders.
- Thirdly, Amazon will let employees who have been with the company for more than 60 days to transfer to another location out of their free will.
Among Amazon employees, relocation for personal or professional reasons is all too common. The company came up with the Amazon Relocation package to act as relocation assistance. It’s important to note that the relocation assistance offered by Amazon does come with some caveats.
Does Amazon Offer a Relocation Assistance Program for International Moves?
Amazon covers not only domestic movements within a state but also provides generous funding to assist employees with international relocations. Amazon will reimburse an employee up to $40,000 for international moving costs.
In addition to providing initial residence and flight arrangements, the company will also aid in locating suitable transportation. If you are transferring from another country and are a high-level employee (L4, L5, L6, L7, etc.), you will receive an additional monetary allowance to help with other expenses associated with the move.
What Occurs If an Employee Ends Their Move After Getting Amazon Relocation Help?
Suppose an employee refuses to relocate, then they must repay all the program funds within a year. Now that employees can't pay the full sum at once, they will pay in installments over time. Such employees must repay the money within the specified time. If not, they could face legal charges.
Is It Unprofessional to Ask for Relocation Help from Amazon?
Are you a new employee but finding it difficult to ask for the Amazon relocation package? There is nothing wrong with asking for assistance. However, indulging in dishonesty to acquire money may be disastrous in the long run.
While it's understandable that new Amazon employees might feel awkward about asking for help with moving expenses. Remember that this help is part of the employee's total salary. It's important to remember that asking for more money than you need is rude, so make sure to only ask for what you need.
Do Amazon Interns Acquire Relocation Assistance?
Yes, Amazon interns are subjected to relocation benefits too. However, Amazon requests interns to work in offices close to them but of their own choice. Interns may either choose to work virtually or on a hybrid method that allows them to work in physical offices part-time. However, if an intern needs to move, amazon will eventually pay their relocation assistance.
YES, Amazon offers a relocation package for all its relocating employees. The Average Amazon Relocation Package comprises $20k to $40k, depending on the employee's profession and tenure with the company. This package allows employees to access a 24/7 support desk that facilitates a speedy and accurate relocation process. If an employee refuses to relocate, they must repay all the program funds within a year in installments.