Relocation can be a major expense for both employers and employees. That's why many companies offer relocation packages to help offset the costs of moving. But how much is the average relocation package? And what's included?
A gross-up is an amount of money that an employer adds to a payment to cover income taxes their employee will owe for that payment. This additional gross income helps relieve the employee of the tax liability associated with relocation expenses.
Wondering if your relocation package should include hardship allowances? Learn about hardship allowances and the differences of hardship allowances, relocation bonuses and other considerations for a relocation package.