Mobility Strategy - Market Practices

U.S. Domestic - Homeowner

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1 © 2022 Graebel Companies, Inc. All Rights Reserved. This document contains CONFIDENTIAL information. Reproduction and distribution of this document in any manner or for any purpose is prohibited without the express written permission of Graebel Companies, Inc. U.S. Domestic Homeowner – Market Practices Provision Market Practices Eligibility > Eligibility for home sale and home purchase benefits often vary from company to company based on employee level o Junior-level employees and below are most often not eligible for home purchase and home sale benefits > Only employees who are homeowners in the departure location are eligible for home sale benefits; however, home purchase benefits may be provided to all eligible employees (based on level) who are purchasing a primary residence in the destination location. > Second homes, vacation homes or investment properties are excluded from home sale and home purchase benefits. Pre-Candidate Assessment > Many companies will provide a pre-decision consultation to help the employee understand the Company's relocation benefits and financial impact of the relocation. > This pre-decision assessment is very important for understanding the current housing market in both the departure and destination locations; understanding home values can be essential for employees when considering relocating. > Cost estimates created for budget and/or accrual purposes can be very useful for the business as well. Home Finding Trip > Companies provide reimbursement for airfare or mileage, hotel, and meals for employee and one accompanying family member. > Some companies will also reimburse childcare costs for dependent children not accompanying the employee on the trip. > The typical length of a Home Finding Trip is 5 days/4 nights; however, for executive-level employees, some companies provide a lengthier trip of up to a full week. Relocation Allowance > Most companies provide a cash allowance to help mitigate miscellaneous expenses not expressly covered by the policy. > While the Relocation Allowance was historically calculated as a percentage of base salary, many companies have moved to a flat amount, or a variable amount based on family size. For homeowner policies, this amount can range from $5,000 up to $10,000. > The allowance is usually provided upon signing the Repayment Agreement and within 30 days of the official start date. > The employee is not required to submit documentation to support how this allowance is spent.

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