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You’ve recently landed your dream job – the only problem is that it’s in another city. While you’ve taken a big step, uprooting your entire life for your job can be a challenging, not to mention expensive, lifestyle change. Now that you’ve been hired, it’s time you start considering relocation costs and negotiating with your employer on receiving the best deal to ensure your move is as easy and inexpensive (for you) as possible.
There are many things to consider when negotiating a relocation assistance package. Apartments in St. Paul is here to help you out with some key tips on ensuring your package benefits you as much as possible. Let’s get started!
Before you begin negotiations, understand completely what it is you need, whether it’s special assistance or a specific amount of money. A recent college graduate will most likely require much less in moving expenditures than an executive level employee with a family. Your employer may know a bit about your background, but they won’t know your specific needs, so take the time to analyze your situation and suggest compensation terms. It doesn’t necessarily mean they’ll oblige to each request, but you’ll at least have a baseline to start from.
The first thing you can do is simply ask for relocation assistance, as they pertain to your situation. If you know that moving to a new city will cost you $5,000, open up a dialogue with your superiors about receiving that amount in assistance. Even if you work for a Fortune 500 company, don’t assume that they will provide you with a huge relocation package. Similar to your career, you have to ask in order to get what you want – and that includes all of the compensation and services you need to complete the move.
Moving can be expensive, especially if you have to move across the country. The American Moving and Storage Association states that the average cost of an interstate household move is about $4,300 (distance of 1,225 miles) and the average cost of an intrastate move is about $2,300.
While your goal may be to get as much money as possible in your relocation package, in general, your employer wants to keep those costs as low as possible. One thing to consider is how the employer’s relocation policy reflects the reputation of the company. Most companies use relocation packages as a recruiting tool, especially if they’re trying to source talent from around the country.
For example, If you’ve got another offer on the table that includes relocation, but the job you really want doesn’t, bring it up and see if you can get your ideal company to match it. Be specific about the nature of the relocation support the competing offer includes, and ask the company you want to work for to match it. The worst they can say is no, and then you can move on.
One of the best ways to strengthen your case when it comes to your relocation package is to frame it in terms of expected return on investment. In other words, how will the relocation package help benefit the company in the long run?
For example, let’s say your employer wants you to start working in four weeks, but you have a home to sell. You know that it’s going to be hard to get your home ready, on the market and sold in that short amount of time, but if you make a request for home sale assistance or temporary housing in the new location, you can report for work on-time. Chances are, the company has been understaffed and searching for the perfect candidate for the job, and now that they’ve found you, speed is of the essence.
If you have questions about finding the best property for you, get in touch with one of our team members today by emailing email@example.com – we will help you find a place that feels like home!