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HomeMy WebLinkAboutRelocation and Hiring Incentive Program1 RELOCATION AND HIRING INCENTIVE PROGRAM PURPOSE The purpose is to establish guidelines and procedures for the eligibility, approval, and processing of relocation and referral incentives for employees. The Relocation and Hiring Incentive Program is designed to support the City’s Compensation Philosophy that seeks to attract and retain well-qualified employees who exemplify the organizational values. This program aims at easing the burden for those candidates who accept employment with the City from out of the area and therefore face a professional and personal transition due to the need to relocate. POLICY It is the policy of the City of San Luis Obispo to recruit well-qualified employees who exemplify the City’s organizational values. The City will reimburse relocation costs that are directly related to an employee’s relocation of 50 or more miles to San Luis Obispo County. ELIGIBILITY REQUIREMENTS To be eligible for the relocation incentive the applicant must: 1. Accept employment with the City of San Luis Obispo, and; 2. Relocate his/her home to San Luis Obispo County, and; 3. Relocate 50 miles or more, and; 4. Fill a regular full-time position that is deemed difficult to fill by the Human Resources Director. RELOCATION BENEFITS 1. Department Head positions. Total relocation benefits up to $15,000 (subject to applicable taxes). a. Sick leave advance. City Manager may authorize a one-time advance of up to twelve days of sick leave upon hire of a new Department Head to alleviate concerns about loss of accrued sick leave with a prior employer. 2. All other positions. Total relocation benefits up to $10,000 (subject to applicable taxes). ELIGIBLE EXPENSES Eligible expenses are those incurred in the movement and relocation of a personal residence meeting the eligibility requirements outlined above including the following: 1. Movement of household goods. The costs associated with packing, loading, transporting, and unloading personal household goods. 2. In-transit expenses. Gas, food, lodging during the actual move from the employee’s home at time of hire to his/her new temporary or permanent home in San Luis Obispo County. Packet Pg. 70 Item 7 2 3. Temporary living expenses. Hotel or motel, or other temporary lodging such as Airbnb or short-term rentals, necessary to allow the employee to start work. 4. First month rent and/or deposits. Costs associated with securing a residence in San Luis Obispo County such as the first month rent and security deposits for the new residence and costs associated with terminating a lease or rental agreement. 5. Closing costs. Costs associated with the sale of the employee’s primary residence or purchase of a home in San Luis Obispo County. 6. Hiring Incentive. A lump-sum payment to provide an incentive to a new employee to accept employment with the City. Depending on the amount of the incentive it may be split to encourage retention as well. a. If the hiring incentive is more than $5,000, then half of it will be granted on the employee’s first paycheck and the other half will occur on the paycheck following eighteen months of work and successful completion of probation. 7. Other eligible expenses as defined by the Internal Revenue Service (IRS) in Publication 521, Moving Expenses. CONTINUED SERVICE REQUIREMENT Failure to continue in the City service for three years, due to voluntary resignation, will result in the need to repay a proportional amount, of the relocation and hiring incentive. For example, an employee who receives a $4,000 sign-on bonus and is reimbursed $5,000 in moving expenses, and resigns after 24 months with the City, will be responsible for repaying the City $3,000 9,000 total incentive divided by 36 months times remaining months to fulfill three-year commitment). The employee agrees that the Finance Department is authorized to make a deduction from the employee’s final payroll check for the appropriate amount of relocation and hiring incentive to be repaid. Employees who are terminated or released from probation are not required to repay the relocation benefits or hiring incentive. PROCEDURES All authorized benefits described above will be fully documented in a new employee offer letter and the employee will sign acknowledging the benefits, potential tax consequences, and repayment requirements prior to starting work for the City. It is the employee’s responsibility to research and communicate with their personal tax advisor what expenses to submit for reimbursement. Once determined, the employee shall submit a completed Moving Expense Request Form with original receipts to his/her Department Head for approval. The Department Head will forward the form indicating approval to Payroll or disapproval to the Director of Human Resources, within five working days. When Payroll receives an approved Moving Expense Request Form it will be documented whether each item is taxable or non-taxable. Payroll will provide a copy of the Moving Expense Request Form, once completed and processed, to the employee. When the Department Head and the Director of Human Resources does not approve a submitted expense, an appeal may be made to the City Manager for a final decision. Packet Pg. 71 Item 7