New hires getting less help with moving costs

A 1998 survey by the Employee Relocation Council, or ERC, shows that companies pay more money to move employees who are transferring than they would for new hires moving to new locations.

Companies also provide more assistance for homeowners than they do for renters. The survey also revealed that companies would prefer to reimburse employees for costs rather than give them money upfront.

The ERC found the average cost for transferring a home-owning employee was $51,930; the average relocation cost for home-owning new hires was $37,835. For renters, the cost employees who were transferring was $14,210; the cost was $10,390 for new…