Relocation negotiation is part art and part science. It's helpful to consider the locale, industry, importance of the role to the organization, scarcity of your expertise, and similar factors. Then let them know that you are willing to move, but require relocation assistance. Moving is expensive, so break down your costs (whatever those are to your particular scenario – temporary housing, storage, selling a house, spouse relocation, etc.) and add 13% for the surprises that WILL inevitably pop up. If they wish to remain competitive in their sector, they will see your relocation package's importance as part of your overall comp plan.
When preparing to negotiate for a relocation package for a job in another city, the most important step to take is assessing your needs and priorities going into it. Consider the cost of living in the new city, and any additional expenses you may incur, such as temporary housing, spouse loss of wages, or storage costs. Whether the company is offering a flat stipend or reimbursement for costs, it is important to lay everything on the table because if you don’t bring it, chances are they won’t offer it. Ultimately, the key to successfully negotiating a relocation package is to be prepared, do your research, and communicate clearly and effectively with the company.
In the midst of the excitement over a new job and perhaps a higher salary, it is easy to forget to factor in the cost of living and other variables such as tax. Compare income and property tax in your current location and the city you are relocating to. Also, compare the general cost of living, including housing, healthcare, insurance, schooling, transportation, food, and entertainment. Can you comfortably afford these things while leaving enough money for savings and emergencies? If the cost of living is significantly higher than your salary can afford, you should consider asking for a disturbance fee. This fee is compensation companies pay for making their employees move for a position and is meant to cushion you against the vagaries of a higher cost of living. You will build a strong case for a disturbance fee if you do in-depth research about the differences in costs of living and show your employer the need for a safety net in addition to the salary they're offering.
When negotiating a relocation package, don't make it about yourself. For the employee, relocation means huge costs that sometimes no reimbursement provided by the employer can cover. However, in the eyes of the company, it is mainly the employee who gains when the business incurs costs. Thus, when negotiating a relocation package, it is imperative to show what advantages it will have for the company. Note that living closer to where you work is always a plus, especially in the case of emergencies when your employer would like you to come to the office. Less time spent commuting also means less fatigue and greater employee productivity and motivation. Think about what else your situation-specific can be a plus for the employer. Give as many arguments as possible, but make sure they are not far-fetched. Your employer will more likely agree to this extra expense if he sees advantages for himself and his business.
Hi there, My name is Rob Reeves, and I'm the CEO and President of Redfish Technology, a recruiting firm specializing in engineering, sales, and marketing roles within the tech sector. One issue I commonly see when employees are attempting to negotiate a relocation package is relying on outdated or incomplete data. You'd be shocked at how many workers end up taking a lesser package than they deserve, just because they haven't done their homework. In this day and age, there is no excuse for estimates or guesses. Do your research. And remember: the cost-of-living is rising rapidly around the country, so make sure you're applying scrutiny to any information older than a year. It's hard to argue with facts, so focus on verifiable numbers and keep emotions out of it to land the best relocation package you can. Name: Rob Reeves Title: CEO and President Company: Redfish Technology Website: https://www.redfishtech.com/
My best tip for negotiating a relocation package is to have realistic expectations. When I received an offer from a company in another city, I was so eager to start that I did not think about what I could negotiate. Thankfully, the recruiter realized this and offered me a few extras. To them, it seemed like a small token of appreciation, but it meant a lot to me! Whether you are just moving across town or traveling halfway around the world make sure you do your research and know what benefits are standard as well as any extras that could sweeten the deal for you.
This is one of the most obvious ways to find out something you are not sure about. Find out what is done. By either the company, or other companies, or in the industry or other industries. Find out what works. This will help you evaluate some of the relocation packages that would be great for you. Don't forget to consider the changes in weather patterns. What do people typically ask for (or what is typically offered) when there is a massive change of weather conditions. You may be moving from an awfully hot city to a cold one. You might want to consider a closet change; include that in your package.
Marketing & Outreach Manager at ePassportPhoto
Answered 3 years ago
Find out how much moving services usually demand for packing, unpacking, and reassembling. Look at different companies and compare them with the deal you're being offered. Talk about your findings and the cost differences, and if you can provide an alternative that's not too expensive, you might negotiate a better deal.
CEO at Live Poll for Slides
Answered 3 years ago
Whether it’s a new job or moving companies, relocating is an expensive and destabilizing undertaking. Alot of companies appreciate it when their staff suggests a package to benefit both sides. The employer is more likely to agree to your suggested relocation package if it also benefits them. The more settled you are, the more productive you will be, and the more prosperous the company will be. Requesting the company for assistance in selling your home to facilitate your quickly relocating and settling increases your productivity, much to the company’s benefit.
When negotiating a relocation package, it is important to understand that employers are often hesitant to offer a lucrative package. They may be concerned about you leaving the job after a few months, or they may be worried about the additional cost. Regardless, there are a few things you can do to increase your chances of getting a good relocation package: -Be prepared - Before you negotiate your relocation package, be sure to do your research. Find out what other companies in your area are offering their employees, and make sure that you are asking for a fair amount. -Be confident - When you go into the negotiation, be confident that you deserve a good package. Having prepared by doing research will make you more sure of this. -Be patient - Negotiations can take time, so be patient and wait for a good offer.
If you are getting an offer from a company in another city, it is important to negotiate your relocation package. Some things you may want to consider include the cost of moving, the cost of living in the new city, and any assistance with finding housing. You may also want to ask for a signing bonus or a salary increase to help cover the costs of relocation. In order to negotiate the best package possible, it is important to be prepared and know what you want, as well as doing research on the costs of moving and living in your new prospective home.
The best way to negotiate your relocation package is to present the cost of moving for you. Lookup the most expensive moving company, quote a first class flight, quote a cost to relocate your vehicles, add up the cost it would take to cut your lease short or sell your house. Break down everything that it would take for you to move and be sure to use the most expensive ways to do these things and send the quotes and breakdown to your future employer and use this as a way to negotiate a better relocation package.
Far too many people make the mistake of only adding up costs for the obvious things like moving assistance, new housing and cost of living subsidies. This is a mistake. When you're looking to negotiate your relocation package, you need to take a look at everything possible that might drive up your personal costs. Think of the difficulty of finding new daycare, the need for something like a bridge loan or assistance in selling your current home, help finding a quality school, any temporary lodging costs, etc. This will likely be your one chance to ask for these things before you either agree or turn down the relocation offer, so making sure everything is covered is one of your key tasks.