SO had a job interview in a different state yesterday and we think it went well. They are reviewing what they can offer as far as relocation.
What should we expect in a typical package? Is there anything special we need to consider?
SO had a job interview in a different state yesterday and we think it went well. They are reviewing what they can offer as far as relocation.
What should we expect in a typical package? Is there anything special we need to consider?
wonderful pear / 26210 posts
It depends, I've seen everything from all expenses paid to barely covering moving expenses.
grapefruit / 4120 posts
Yeah, totally depends on the situation. Depending on how cheap the company is, you might even have to negotiate a u-haul LOL
bananas / 9229 posts
A lot of times, relocation packages depend on whether they sought you out for the position or if you sought them out. Also, how badly they want you.
I've had friends work for companies who will buy your house if you can't sell it within X months, will give you money towards a down payment, put your stuff in storage, provide corporate housing. It all varies. Moving expenses are usually the norm for most.
nectarine / 2085 posts
I'm not sure what is typical, but we've had everything covered/we choose the movers, partial coverage up to an agreed amount, and everything covered/the move handled by the company's chosen relocation service. I would ask if you can make your own arrangements and just have them foot the bill. The relocation service seemed like a great deal, but in reality it was a pain to deal with a middleman--I prefer dealing directly with the movers.
Also, if you need to house-hunt, you can ask for hotel/travel reimbursement.
wonderful pear / 26210 posts
Is this a move within the same country, or to a different one? Not sure where you are.
pomelo / 5298 posts
I've moved several times on relocation packages. My first time I received a "home" hunting weekend trip (all expenses paid) and the actual cost of moving (professional movers, with packing services).
The second time, was technically a transfer within the same company, so I was an existing employee. I received a "home" hunting trip, which was also an interviewing/working trip - where I spent a week working in my new state and trying to find people to hire while also navigating the area. All expenses paid move (professional movers/packing, three months of storage, three months of a corporate apartment and reimbursement of home selling/buying costs). I also received a "bonus" which was to cover all other costs (car registration as an example). I also had my car professionally moved this time and took a one-way flight and had car rental expenses. All in this move was worth about $50K and i had to give a two year commitment.
My final experience was a $10K relocation/signing bonus where I could spend the money however I wanted.
pomegranate / 3383 posts
We are in the midst of relocating across the country and here is what my DH's company provided:
-all moving costs (including car shipment)
-all expenses involved in a trip to purchase a new home (flights, hotel, car rental, all food expenses)...this ended up being a 10-day trip but my husband also went to a weekend conference during this time
-realtor and lawyer fees
-mortgage opt-out fees
-lump moving sum (essentially to help us get established in our new home and city)
-flights, hotel, car rental and per diem allowance for up to 30 days until we get possession of our new house (we will only be in a hotel for a week or so)
They also offered $2500 for my professional development in order to assist in my job search but I was able to find a job on my own, so my husband negotiated that they use that money to go towards our mortgage opt-out. Our package is excellent and I don't think we would have been willing to relocate if those incentives weren't presented.
pomegranate / 3388 posts
It probably totally depends on the industry and the nature of the hire, but this should be something that you can negotiate as well, so you should know what you would want. For my relocation they initially offered me a set amount of money to cover my moving costs, including
- hiring movers
- flights / hotels / gas mileage to actually do the move
- moving supplies
- shipping a car
etc.
They did not include any help with house buying or selling, but that was not a problem b/c we did not need to sell a house at the time.
I negotiated for more money towards moving expenses b/c our move was clearly going to cost more than what was reimbursed. I also made them throw in a trip to the job location before I accepted the job, so my husband could look at job prospects for himself. ...Oh, and I also got them to include pet moving expenses, since we decided to hire a company to move our pet rabbit across the country for us!
cantaloupe / 6610 posts
My co gave me a flat $10k before taxes (I think I cleared $7500)...And that was that. They didnt handle anything else.
coconut / 8472 posts
I've received relocation bonuses a couple times, but it's been so long now it's hard to remember the details. I'm pretty sure they were both lump sums, and they were determined according to the mileage I'd be relocating. My last one wasn't very far, just New York state to Mass, so I think it was around $1500. I remember it being just about enough to cover all the moving expenses.
GOLD / wonderful pomegranate / 28905 posts
I think it depends on who sought who out. If it's just a regular job interview I wouldn't expect anything. If they sought him out then that's a different story!
pomelo / 5789 posts
The position in question, my friend who works there told me about, but technically SO contacted them. SO is a programmer.
Relocation was discussed, so it is on the table, but they are going to determine what they are willing to provide.
The things I am certain we would need:
$3000 fee to break our lease
Shipping of one car
Moving of our household items and storage for a month
Temporary housing for a month
Things that would be nice:
Money towards car registration and drivers licenses
????
Does this seem reasonable?
coconut / 8472 posts
@wheres_c: Are you sure you have to pay a fee to break the lease? In some states there's a law saying if they can fill the unit with new tenants they can't charge you the fee.
honeydew / 7687 posts
@wheres_c: OOF that is a steep lease break fee! I think those are reasonable expectations.
I can only say what we've experienced; it was an internal move.
They pay for professional movers, cover lease break fees, cover all appraisal and closing costs of buying a house (and will buy your house back if you cannot sell it), provide job hunting services and career development for spouses, and cover hotel nights on each end of the move. They also cover snacks and drinks on the drive, haha, which was so funny to submit receipts for like $3.33. They then give a (large) lump sum to cover other incidentals like gas for the drive, registrations, new window coverings, etc.
pomelo / 5789 posts
@MrsCB: I did sign a break lease fee page, so I'm pretty sure we are stuck with the fee. Will look into it.
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