Apps for the Big Move! Here are some of the Most Innovative Apps for Relocation organization, checklists, and a variety of other things you probably haven't even thought of yet, when moving cross country or across the globe. It’s no secret that moving is a headache. Luckily, technology can make the process less painful.
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What Might A Relocation Package Include
Relocation packages cover a wide spectrum. A new college grad might be offered a one-time, $2500 bonus to cover moving expenses. That's about the lowest acceptable relocation bonus.
The new grad has to use the bonus to get themselves to the new location. They have to find a place to stay until they can get an apartment. Everything is on them but they have a little cash to help them.
They'll rent a moving truck if they have enough stuff to fill it, or give away their belongings and start over in their new location.
For a $110,000 Senior IT Project Manager role you should expect these relocation benefits:
1. Reimbursement of expenses associated with your physical move: packing and moving, storage of your belongings for a period of time in the destination city, short-term lodging in your destination city (because you can't be expected to buy a new condo over a weekend visit), meals and transportation costs. If you and your wife drive one of your cars and spend a night in a motel halfway to your destination that's covered, too.
2. Reimbursement for move-related property transactions. Your new employer should cover part or all of the commission you'll pay the real estate agent who sells your condo, and any other costs associated with that transaction. If you are buying property in your destination city, your employer may or may not get involved in that transaction. They may pay some or all of the closing costs, for instance.
3. The costs associated with turning off and turning on utilities and other home services on both ends of your move.
4. The cost to move one vehicle. (Of course, if they offer to pay to move both vehicles you will be happy to accept the offer!)
5. Other costs associated with the disruption in your life created by the move — for instance, cancellation fees at your child's nursery school.
What an employer will pay and what they won't pay a relocating employee is a huge, neon signal. It tells you everything you need to know about the company culture.
If a company is cheap about relocation, they are cheap about everything.
When is a person more vulnerable than at the point where they are uprooting themselves and their families and starting a new life, only anchored to their new location by a job offer extended by this very same company? What better time is there for a new employer to show you how much they value you — apart from this very time?
If they nickel-and-dime you on your relocation benefits, don't take the job!
Don't wait until you sign the offer to find out exactly what they're willing to pay for relocation.
By then it will be too late. You will have lost your ability to negotiate.
Stand up for yourself! If this is the right job for you, you will soon know it.
Is Relocation the Right Move
Is the company financially stable?
This is a crucial issue that might take a little digging, but you should be able to check the company’s finances online and talk to your colleagues and contacts in the industry to gain this intelligence.
What’s the new city’s cost of living?
Check the cost to buy and rent housing, property taxes, sales taxes, and state and local income taxes, and compare them to where you live now.
Will the company pay relocation expenses?
Depending on the size of your household and the distance you’d be moving, the tab for moving could easily be several thousand dollars. In this labor market, many employers are curtailing or not offering relocation expenses, career management experts say. That means you need to determine if you can afford to move.
Will job relocation advance your career?
Palmer says weigh the pros and cons, and if the new job doesn’t put you in a better position for your next career step, it’s really just another job.
How important should salary be in your decision?
If a job relocation coincides with a promotion, you should expect a pay increase. How much weight you place on salary is really a personal decision, but career advisers say it’s unwise to make it your only priority.
Will your career suffer if you reject a relocation?
The answer to this question can depend partly on what’s customary at your company, and that’s something to study if you want to continue advancing.
How big is your industry in the new city?
Yate says in today’s world, there’s little job security, and you need to carefully examine the stature of your industry in the area you’re considering relocating to. You want to feel confident that if you move and lose that job, you can land another one.
“Your job may go away in 90 days. What are you going to do if the job dies and there’s no other job in the town for you?” Yate says. “The size of your industry in the town will have a direct effect on your employability.”
If you determine that in your profession you’d have many places to work in a given area, you also have greater flexibility and less risk when deciding whether to accept the job-relocation offer.
Remember that a move means leaving behind friends and key people in your professional network, plus you are leaving cultural and entertainment activities you might not be able to find in your new city.
“Over and above the financials, ask yourself if you can maintain your quality of life,” Specter says.
Ceniza-Levine adds, “Don’t assume you have to leave to get the job you want.”
Common Relocation Package Options
You finally got that great job offer and the company is paying to move you cross-country, or at least more than 50 miles away. Besides leaving the people and lifestyle you’ve grown accustomed to behind, what can you expect to be part of your relocation package?
Below is a list of things that companies *might include to make this inconvenience easier to bear. Of course the basics start with a moving truck, but you might be surprised with some of the other things!
Relocation Packages might also include:
Family relocation assistance
Other relocation services
Other questions to ask HR when relocating: