What is Transfer and Relocation Policy?
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Table of Contents
The employees may be transferred or relocated within the country. When a company offers long-term employment to an employee more than fifty kilometers from the current workplace, a company may offer a relocation package. Companies are supposed to provide their transferring employees with everything they need to relocate. These expenses usually cover the employee’s sound moving and other work-related costs.
By offering transferees a relocation reimbursement, employers provide comprehensive financial and different kinds of relocation aids to free the employee and their family of the expensive load of relocation. A well-developed policy not only provides peace of mind as well as a payment to accept the job offer for the transferring employee but reflects positively on the company’s reputation for attracting top talent.
The Transfer and Relocation Policy describes the organization’s Rules and Regulations concerning the transfer and relocation of the employee. It also contains the leave provisions that allow the employee to settle in the transferred or relocated area. Reimbursement provisions and provisions regarding exceptions are also included in this example template. With our Relocation Policy template, you can easily configure the terms to suit the needs of your organization.
This policy mentions the following details
- The benefits are, in no circumstances, receivable in cash.
- The package will be offered for the employee only and not for any other family member accompanying him/her.
- The provisions regarding orientation trip.
- The provisions regarding travel on transfer.
- Allowance regarding rejoining and temporary living assistance.
- Exceptions to this policy.
Transfer and Relocation Policy Sample
Purpose
This policy describes the eligibility of benefits during relocation/transfer within India, necessitating movement from one location to another or/and one unit to another even within the same city.
Scope
The policy is applicable to all employees of the Company. For the purpose of this policy, the following people are deemed to be ‘employees’:
- Those who are on the employment rolls of the Company.
- New joiners who are joining at a new location out of their base location.
Restrictions
Under no circumstances will any of these benefits be substituted with cash. Where an employee and his/her spouse are both employees with the company and both are relocating to the same destination, only one relocation package will be offered
Orientation Trip
The company will provide one trip, up to ‘Number of days’ days’ duration in the new location, for the employee, his/her spouse and two children, to visit the destination location before the actual relocation/ transfer, in order to make arrangements for housing, schools etc.
The employee and his/her spouse and ‘Number of children’ children will been titled for travel, meals and accommodations as per the eligibility applicable for the employee under travel policy.
Prior approval from HOD/Circle head of the transfer out location should be obtained for the trip.
Employee will be eligible to claim DA as per the eligibility under the travel policy to cover the expense like food, laundry etc. employee can claim DA for his spouse, children above ‘Number of years’ years of age and dependent parents traveling along with him/her as per his eligibility
If company makes arrangement in Guest House for the employee and family, the above benefits will not be applicable
If the employee is staying with a friend or relative, the above benefits will not be applicable
Travel on Transfer
The eligibility for mode of travel in case of transfer will be the same as applicable to the employee under the Company’s Travel Policy. The employee’s family(spouse, dependent children) shall also be entitled for the same mode of travel.
Employee will be eligible to claim DA as per the travel policy to cover the expense like food, portage etc. employee can claim DA for his spouse, children above ‘Number of years’ of age and dependent parents traveling along with him/her as per his eligibility.
If company makes arrangement in Guest House for the employee and family, the above benefits will not be applicableIf the employee is staying with a friend or relative, the above benefits will not be applicable
Travel on Transfer
If required, the employee will be permitted to stay in a guesthouse/hotel up to maximum period of ‘Number of days’ days after reporting at the new place of posting at Company Expense.
In case employee avail this option then Hotel booking has to be necessarily done through the travel desk.
Relocation Allowance
Onetime relocation allowance (fully taxable), to assist with miscellaneous costs during intercity relocation such as: schools, etc. will be paid to the employees.
Joining Time
In addition to the actual time spent in the journey, a joining leave of up to a maximum of ‘Number of days’ days will be allowed to the employee, subject to prior approval of the transferring to HOD. The joining leave availed by the employee, will be deemed as days worked and it has to be availed within ‘Time Frame’ of joining the new location. This is not applicable for new joiners.
Reimbursement of Movement Expenses for New Joinees
If an employee is recruited for a location which is different from his/ her existing base, he/ she may be reimbursed the following expense as per his/her band entitlements:
- Travel as per travel policy.
- Temporary Living Assistance as per this policy.
- Transportation of Household goods and Vehicle as per this policy.
All Expenses borne by the company towards relocation, will be recovered from the employee, if the employee resigns within ‘Time Frame’ of such expense. This would be recovered in the F&F of the employee.
Exceptions
The above rules are subject to modification, amendment and alterations by the management at any time without assigning any reasons or without giving any prior intimation. The interpretation of the above rules made by the Head- HR shall be final and the same shall be binding on all employees.
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