Employee relocation is a complex process, especially when it comes to budgeting. Whether you're managing an internal move or supporting an external relocation, having a clear understanding of the costs involved is essential for compliance and transparency.
This calculator helps HR teams in the US and UK estimate the standard costs associated with relocation packages. From housing assistance to travel expenses, accurate forecasting ensures you meet employee expectations while staying within budget.
How the calculation works
The Relocation Package Calculator uses industry-standard cost categories to estimate your company's average employee relocation expenses. It considers key components such as: home sale assistance, temporary housing, transportation, closing costs, and moving expenses. In the US, it defaults to average market rates based on city and household size, while in the UK, it adjusts for regional cost-of-living differences and housing type. The tool applies a standard formula: Base package cost = (Fixed relocation items + Pro-rata expenses). This allows HR teams to forecast expenses accurately and align with company relocation policies.
How to use this calculator
- Select the employee's country of relocation (US or UK).
- Enter the employee's household size.
- Choose the relocation package type (standard, executive, or custom).
- Specify the city or region of relocation.
- Review the breakdown of estimated costs provided.
- Download or share your results for internal planning.