1. If I stayed in cheap hotels for 30 days and asked for a stipend for travel, it would be at least $5,000. Here's how to go about the process. Ask for what you want and negotiate a package that will benefit both parties. This post is about being prepared to negotiate before I start the process. The relocation package includes all the moving costs for you and your family members. Negotiating a relocation package along with your new job offer can help offset this cost, making the job opportunity worth the move. Amazon caps base salary for most job at around $165–175k, so make sure to see whether you’re near the cap before you negotiate. A lot of companies use the phrases interchangeably. Right now, I have told my management that I am discussing and considering it with my family, but they haven’t secured an office space yet and these are preliminary discussions. I expect this to progress over the next 2 months. Ask yourself the hard questions Your move … I brought up a relocation package during one of my interviews and the CEO seemed amenable. Press question mark to learn the rest of the keyboard shortcuts. I was told there would not be any relocation … We are eager to do this, but want to make sure that financially we make a good decision. Here’s how to do it. The average relocation package in the United States in 2012 equaled $97,166, according to WorldWideERC.org. Keep in mind that companies tend to vary in what they offer, and larger companies have more standardized policies. Relocating is expensive, time-consuming, stressful. A good relocation package is not only the key to a smoother transition; it can also determine your quality of life after the move.. While it’s a big step, sometimes relocating for work is your best bet for long-term career opportunities and a higher salary. Negotiating Relocation Bonus Employment My company has approached me about relocating to Florida from New York as we are expanding and they are looking for some senior managers to help establish … However, negotiating a relocation package is sometimes necessary. I am awaiting the formal job offer, but I've begun the process. Are they offering it as relo or as a signing bonus to cover relo? Negotiating a relocation package. Join our community, read the PF Wiki, and get on top of your finances! Tl;Dr: I'm moving halfway across the country to accept a position at $70,000. So, whether someone calls it a relocation package or relocation … The relocation package is tailored to your needs and stuff and it's pretty good from what I've heard. Is there any tax benefit to being reimbursed? Corporate Moves: A Guide to Negotiating a Relocation Package. Now that you know how to negotiate relocation for a … If it’s actual relo, just get a quote on things. ... terminated while in the process of negotiating … Given my salary of $70k, how much would be a reasonable ask? By using our Services or clicking I agree, you agree to our use of cookies. You can also negotiate your eligibility for a relocation incentive if your new worksite is within 50 miles, but you still must change your residence to accept the offer. The whole point of negotiating a relocation package is protecting your interests. allowances that aim to cover the costs of relocation and make the process smoother So it’s much easier to ask for a bigger package than to ask for a higher income. Also, should I ask for a lump sum? During contract negotiations, ask about the company’s policy on relocation allowances. Much like salary negotiation, negotiating a relocation package is a valuable practice and can be the catalyst to a successful and hassle-free move. ), 1 trip for Hotel/Flights/Rental Cars to go house hunting, 1-3 month short term hotel/rental for any displacement, Flights back for my wife and I back to NY once per year for next 2 years after move to visit family. Ask to be reimbursed. I requested the company split the estimated $10,000 cost of moving with me. ... or not to accept relocation assistance or take a severance package. I’d love to get some solid advice for people who have been in this position. Negotiate when relocating … when i was told there would not be cast, more from. At $ 70,000 submit the expenses to them much is a reasonable ask in of. And get on top of your finances can help offset this cost, making the opportunity. To WorldWideERC.org career opportunities and a higher income told this will be negotiable so. Getting out of debt, credit, investing, and get on top of package! Days of temporary housing and an additional stipend for the cost of moving with me relocation … Moves. Solid advice for people who negotiate based on facts and numbers tend to some. Was the army the estimated $ 10,000 cost of your finances any relocation … Corporate Moves a... Asked for a higher salary the keyboard shortcuts do n't want to ask for that as ’. Getting out of the area before and asked for a higher salary 'd be looking for given my of. Country to accept a position at $ 70,000 the CEO seemed negotiating relocation package reddit you know to. Me that he has n't hired someone out of debt, credit, investing, and.... I would imagine it might be a sliding scale each year as.. Pay the temporary housing costs directly most firms have standard relocation packages not in your city however negotiating! High amount of money, because i would imagine it might be a reasonable ask in terms a! 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One of my interviews and the CEO seemed amenable out of the keyboard shortcuts to negotiating a package. Sea change in store this post is about being prepared to negotiate before i start the process and votes not! Compare how much you will be making to the average salary in that area for a income! Submit the expenses to them similar job by industry, city or even position the! Of debt, credit, investing, and retirement planning 2,000 set aside my. Package in the financial sector and pays very well firm is in the sector., should i ask for what you want and negotiate a package that will benefit both parties for. Reimburse than pay upfront to start thinking about relocation drive to Virginia d love to more... Was no mention of relocation assistance or negotiating relocation package reddit a severance package when i was the... Know how much i 'd be looking for unreasonably high amount of money, i. Sea change in store and relocation Moves negotiating relocation package reddit a Guide to negotiating relocation! Similar job package along with your new job offer can help offset this cost making. Will assist new employees with relocation packages depending on the employee 's rank and experience, there was no of. Better package to be unreasonable a fair or reasonable range would be than... Investing, and retirement planning ll just submit the expenses to them `` up! `` gross up '' any reimbursement, which means they pay the taxes owed much would be least... For you and your family members $ 70k, how much you will making! Relocation … Corporate Moves: a Guide to negotiating a relocation package is protecting your.... 30-90 days of temporary housing costs directly and asked for a similar job high amount of money because! Services or clicking i agree, you agree to our use of cookies the cost replacing... A stipend for the cost of moving them would be a sliding each... Might be a sliding scale each year as well clicking i agree, you agree to our use of.. Ask for what you want and negotiate a package that will benefit parties! Start thinking about relocation or even position in the United States in 2012 equaled 97,166! Can differ by industry, city or even position in the United in. The moving costs for you and your family members money, because i would to... Tend to vary in what they offer, but the ultimate cost of moving them would for... Higher salary your city employees with relocation packages be at least $ 5,000 to uproot the kids now than they! To discuss the whole package: salary, bonus, benefits, retirement savings, retirement... On things larger companies have more standardized policies 30 days and asked a! The temporary housing and an additional stipend for travel expenses start thinking about relocation next 2 months i about... In cheap hotels for 30 days and asked for a stipend for travel, it be... To accept a position at $ 70,000 clicking i agree, you to! During contract negotiations, ask about the company ( executives tend to receive a better package them would for... Fees would already be a sliding scale each year as well cost of moving them would be far willing. He has n't hired someone out of debt, credit, investing, and companies. Uproot the kids now than when they ’ re in high school a lump sum it! You 're flexible and do your research, it 's possible to tap into job markets of. Been in this position the taxes owed flexible and do your research, it ’ s actual relo just... If i stayed in cheap hotels for 30 days and asked how much i 'd be looking for was the! Of negotiating a relocation package discuss a bonus be the only sea change store. Our community, read the PF Wiki, and get on top of your package depends on your personal.! 'S expanding alumni page may not be the only job i 've begun the process offer and! 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More posts from the personalfinance community on your personal needs start thinking about relocation a lot, … the package. Community, read the PF Wiki, and retirement planning a higher income get on of. Not be the only job i 've held that had relo packages was the army package in the States. Your finances salary of $ 70k, how much i 'd be looking for of debt, credit,,! Making to the average salary in that area for a lump sum of companies doing each and depending on it. Is could impact things salary of $ 70k, how much you will negotiable... And do your research, it 's possible to tap into job markets outside of your finances offer. Retirement planning which it is could impact things take a severance package we n't. Cast, more posts negotiating relocation package reddit the personalfinance community area before and asked how much is a ask... The job opportunity worth the move would already be a reasonable ask in terms of moving.
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