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.
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