Mobility Strategy - Market Practices

U.S. Domestic - Renter

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2 © 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. Provision Market Practices Lease Termination > Assistance with the expense, if any, of terminating a lease in the departure location. > Applies to the employee's primary residence only. Other rental properties would not be eligible for this benefit. > The most common cap for this benefit is up to an amount equal two months' rent. Home Purchase > May be offered to relocating renters. > Reimbursement of normal and customary closing costs. > Can be billed directly to the company via a preferred lender. Temporary Housing > The most common time frame for temporary living is 15-30 nights. > The employee is placed in corporate-style housing (fully furnished apartment with kitchen facility). > Some companies provide 60-90 nights of temporary living to executive-level employees. > Policy language should clearly indicate temporary living is provided for up to a maximum number of nights; once employees find a permanent place to live, they should not remain in temporary living for more than 15 nights, unless circumstances dictate otherwise. Household Goods / Storage > Standard pack, load, transportation and unload services. > Shipment of 1-2 cars if the move is more than 350-500 miles; typically limited to one (1) car per licensed driver. > In-transit storage up to a maximum number of days, in alignment with the number of days of temporary living provided. Discard and Donate > This service reduces the overall weight of the household goods shipment. > Professional organizers come to the home and help the employee discard unwanted items and haul away items for donation. > The relatively minor cost (priced by weight of materials hauled away) is overshadowed by the money saved and the positive employee experience. Final Trip > Reimbursement for one-night lodging at origin, one-night lodging at destination, plus airfare or mileage, lodging en route if driving, and meals for the employee and accompanying family members. Tax Protection (Gross-up) > Gross-up of all taxable benefits. > Options include supplemental tax gross-up (applying the same gross-up rate to all employees) or marginal tax gross-up (applying different gross-up rates based on each employee's tax bracket, etc.). Repayment Agreement > Many companies use a two-year repayment agreement. > 100% repayment if leave the company less than 12 months after relocating. > 50% repayment if leave the company more than one (1) year, but less than two (2) years after relocating.

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