Companies paying for employee to relocate, end remote work: report

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Companies are paying workers to relocate to discourage remote work — and it can cost them up to $97,000 per employee

now require some new hires to go into the office after the pandemic forced many companies to adopt remote-work policies, according to the Journal. In turn, companies are willing to pay employees to relocate.

But it's not coming cheap. Moving a new hire can cost $19,000 for a renter and up to $72,000 for a homeowner, ARC Relocation, a service that helps companies relocate workers, told the Journal. It's even more expensive for companies to relocate current employees — from $24,000 for a renter to $97,000 for a homeowner.

The biggest cost, Mulholland said, comes from realtors who are hired to help employees buy and sell their homes. A realtor commission for an average home, he said, is $21,000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Transgender teacher baffled companies would partner with 'juvenile' Dylan Mulvaney: 'It's ridiculous'UK transgender physics teacher Debbie Hayton commented on the Dylan Mulvaney Bud Light controversy, mocking the company's partnership 'ridiculous' and 'crazy.' Whether people REALIZE IT - Or NOT - The 'Boycott' isn't really against Anheuser-Busch and the boycott isn't even really against the Dylan Mulvaney-Trans-Thing that is attached to the Bud Light commercial. You really don't need the opinion of a trans person to know that Dylan is repulsive and perhaps equally as disgusting as Bud Lite No one cares that a person is transgender. Just don’t expect me to change my life to accommodate you.
Source: FoxNews - 🏆 9. / 87 Read more »

Teck approached by other companies while fending off Glencore offers -Globe and MailTeck Resources Ltd has been approached by a unit of Vale SA , Anglo American Plc and Freeport-McMoRan Inc to explore deals if a planned split of the company happens, The Globe and Mail reported on Sunday, citing two sources familiar with the discussions. What is teck
Source: Reuters - 🏆 2. / 97 Read more »

Teck approached by other companies while fending off Glencore offers, Globe and Mail reportsTeck Resources Ltd has been approached by a unit of Vale SA , Anglo American Plc and Freeport-McMoRan Inc to explore deals if a planned split of the company happens, The Globe and Mail reported on Sunday, citing two sources familiar with the discussions.
Source: Reuters - 🏆 2. / 97 Read more »

US tax breaks lure European clean tech companies as EU lagsNorwegian battery startup Freyr is planning its next factory in an Atlanta suburb because a new U.S. clean energy law offers generous tax credits for local production. Across Europe, companies seeking to invest in the green energy boom ranging from batteries to solar panels are making similar calculations. They're weighing up the U.S. Inflation Reduction Act’s $375 billion in benefits for renewable industries against Europe's fragmented response. Executives hail the U.S. program’s simplicity. Some complain that a plan from the 27-nation European Union is underwhelming, confusing and bureaucratic, putting Europe at risk of falling behind in the green energy transition. The Only way to stop climate change is to have politicians fly on private jets without us The more 'the world' ignores that big yellow circle in the sky, the dumber 'the world' looks! How can you battle something that doesn’t exist?
Source: AP - 🏆 728. / 51 Read more »

US tax breaks lure European clean tech companies as EU lagsNorwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a remote town near the Arctic Circle. Up next? An Atlanta suburb. Biden is forcing us to become 100% reliant on China again, but instead of oil, its rare earth minerals for batteries. It's obvious that Biden & family was paid off, hence the paper trail of millions to their family from China. Where's the news on that It's all a scam. The only clean energy is nuclear.
Source: wjxt4 - 🏆 246. / 63 Read more »

China’s state-affiliated banks are on-boarding crypto companies in Hong KongHong Kong's progressive crypto approach led to over 80 cryptocurrency firms showing interest in opening or expanding their business in the city. $cfx $rsr 🔥🔥🤫 eos is going to be a huge player in China, watch this space China will embrace Crypto I think they just seeking clarity & creating clear structure & format of their CBDC once done they will either ban or allow coexist depend how designed. So they still leaving door open for now I think
Source: Cointelegraph - 🏆 562. / 51 Read more »