Change is a difficult concept for most people, especially when it comes to moving. Who wants the hassle of packing, unpacking, lugging all of your belongings up and down the stairs, plus the additional headache of finding new doctors, dentists, lawyers, and everything in between? While the instant gratification factor may be nil at the moment, the ultimate gain may take precedent when relocating for a job. A U.S. census data reveals that over 35 million people (11.7% of all Americans) have moved between 2012 and 2013, and a 2013 study found that close to a fifth of moves took place due to a new job or job transfer.
Some factors that you need to think about before making the leap and relocating for a job:
Can I afford this change?
Your cost will vary depending on location, for instance, the cost of a house in Omaha, Nebraska will not even compare to your New York studio apartment.
How secure is this move?
What’s the turn-over rate of this new job? How long have they been in business? How financially stable is this company? No matter how exciting this opportunity may seem, no job is ever guaranteed, and you are always replaceable.
How will this change affect my family?
If you have a family now, you’re no longer the single bachelor or bachelorette that could stay out until 5am with no responsibilities four nights a week. Before deciding if a major relocation is right for you, factor in if this new city is a good fit for the rest of your family and if the long-term gains are worth the effort.
Will I be happy in this new city?
Because ultimately this will always be one of the most important factors. Accepting a job is an intensely personal decision, make sure that this new offer will be one that brings you success and happiness.
Keep a few of these facts in mind: (Provided by the Worldwide ERC “The Workforce Mobility Association”)
-$12.2 billion: the amount spent annually in the U.S. corporate relocation by Worldwide ERC member corporations
-$17,704,177: the average annual amount companies spends to transfer its employees (you can be paid to relocate!)
While every employer may have a unique policy as it relates to relocation, here are the two most common relocation scenarios that we see in the market:
1. Company offers a lump sum to cover all expenses that relate to the relocation:
A single candidate usually gets between $7-$10K
Candidate + spouse $10-$25K
Candidate + family $20-$50K
2. Company covers specific hard costs (Candidate submits expenses for reimbursement)
-Expenses for house hunting trip (economy airfare, meals, and car rental)
-Relocation economy airfare for actual move
-Surface shipment of household goods and automobile (s)
-Relocation allowance for incidental moving expenses
Here’s to hoping that the decision will come together as painlessly as possible, happy hunting!
Thinking about relocating for a job or relocating top talent? Contact one of our recruiters at CS Recruiting for information about new supply chain and logistics jobs around the country!
Write to us here at: https://cs-recruiting.com/contact-us