The start of a new job can get a little rough, especially when you’re starting out in a new city, state, or country. Moving for a job in Florida, in particular, may test your ability to adapt, what with the state’s hurricane season, regular influx of tourists, and diverse wildlife.
Starting out fresh someplace else is exciting, as well. Relocating for a new job can be the jump start you need to move up in your career. It’s even more exciting when your company shoulders part of or your entire relocation expenses. After all, moving expenses are no joke.
Understanding your corporate relocation package or “relo” benefits is the first step towards properly allocating your funds. Relocation benefits vary depending on the company, the offered position, the destination state, and more.
To DIY or Not To DIY
A relocation lump sum or reimbursement are common relocation incentives. In these cases, you’ll need to decide whether to hire a professional mover in South Florida or handle the moving logistics yourself. Take note, though: a DIY move does not guarantee savings.
Make sure you have all the information before deciding. Get informal quotes from a minimum of three reputable moving companies first. Remember to factor in miscellaneous expenses and additional costs, such as carrying your items up or downstairs. Next, create a DIY moving budget and compare it with the quotes. Apart from the expenses, also consider the stress and liability that a DIY move entails.
Hiring a professional mover may cost you less, particularly if you are moving across states. If the difference in professional and DIY estimates is negligible, go with the option that will help your relocation go more smoothly and be less stressful.
Common Relocation Packages
Many companies and organizations offer a single lump-sum payment or stipend to cover moving expenses, including airfare or transportation, searching for housing, furnishings, and more. Others provide a full or partial reimbursement of moving expenses. Companies usually require their employees to meet certain qualifications for certain payments or incentives.
Alternatively, your new employer may provide moving assistance. Some companies take care of the entire moving logistics, from hiring professionals to move and set up your belongings in your new home to settling the terms of your current lease to avoid incurring penalties. Relo benefits may also include storage space rental or temporary housing arrangements. After all, ensuring a hassle-free move will attract more candidates to sign on with the company.
Negotiating for Additional Incentives
A company that really wants and needs your services will do what it takes to keep you, get you to agree to work at the location that needs your skills, and ensure you’re happy with your circumstances. It’s understandable to negotiate relocation incentives with your company, especially if it’s for the sake of keeping your family together.
Before you negotiate, though, make sure you know what you’ll need. For instance, a special stipend for checking out school districts, help in finding work for your spouse, or assistance in selling your old house. Knowing how much everything should cost will help.
Avoid adding requests and items as you go. Doing so will make it appear like you’re taking advantage of the situation. Moreover, advanced planning of additional incentives you want to request will help you manage overall relocation expenses and maximize your benefits.