Negotiating Job Relocation as a Benefit Because relocation expenses are a one-time cost for a company, negotiating a relocation package is sometimes easier than negotiating a higher salary. I know there is no state income tax in Florida, which will be a nice savings, but the housing prices in nice areas with good school districts are booming right now, so some of that is definitely cancelled out. This is the first time ive used reddit for something like this and its been very nice being able to see different viewpoints and support. On an average, people who negotiate based on facts and numbers tend to receive a better package. Therefore, compensation can differ by industry, city or even position in the company (executives tend to get more). I started to work for Amazon on January 28, 2018 — that was about three weeks after I, my lovely wife and our cat landed at Vancouver International Airport. Tl;Dr: I'm moving halfway across the country to accept a position at $70,000. Really? 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. 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 only job I've held that had relo packages was the army. UNDERSTAND THE COMPANY’S RELOCATION POLICY Before you begin your negotiations, it’s important to take a minute to understand the employer’s current relocation … Yeah it’s a pretty good package, realtor fees would already be a lot. the market isn't terrible, but not wonderful. In this guide, you’ll get tips for negotiating job relocation package and making the job opportunity worth the move. However, you negotiate the payment, be aware that there are pro’s and con’s to each — and make the case for the one that suits your situation best. Press J to jump to the feed. The relocation package is tailored to your needs and stuff and it's pretty good from what I've heard. You may get more, but the ultimate cost of your package depends on your personal needs. Reimbursement for moving expenses is a taxable benefit. If you're flexible and do your research, it's possible to tap into job markets outside of your area. A little about myself...my wife and I have always dreamed of moving to Florida, so this seems like a golden opportunity to do so. I'll try to keep this brief. Well, think about relocation package and relocation assistance like that. I would imagine it might be a sliding scale each year as well. Of course negotiate - take a while for wife to find job, extra flights or pay for kids’ tickets, equip home office for now, and anything else you can think of, More posts from the personalfinance community. Ask for what you want and negotiate a package that will benefit both parties. A lot of companies use the phrases interchangeably. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. We have 2 small kids, 5 and 7 and we would be essentially uprooting our family for this, which of course is a risk we would be taking. That's why if you're going to move for a job, you'll need to negotiate a relocation package that ensures you come out unscathed financially. Quote an AirBnB for 90 days near where you’ll plan to live, factor gas mileage of car and distance, and hotel stays along the way. What to look out for when negotiating an Amazon job offer package. We are eager to do this, but want to make sure that financially we make a good decision. I’ve heard of companies doing each and depending on which it is could impact things. How to Negotiate a Relocation Package. Flexible Schedules and Telework Policies … I requested the company split the estimated $10,000 cost of moving with me. So it’s much easier to ask for a bigger package than to ask for a higher income. A lot of companies use the phrases interchangeably. 1. In fact, many companies will assist new employees with relocation packages. If it’s a bonus to be used as relo, remember you’ll be taxed on it but you’ll get to keep what you don’t use. Here’s how to do it. So, whether someone calls it a relocation package or relocation … Is there any tax benefit to being reimbursed? The one thing I am looking for advice on is, there would be a 3 year relocation bonus that would provide me incentive to stay. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. When I was offered the position, there was no mention of relocation assistance. Looks like you're using new Reddit on an old browser. ... terminated while in the process of negotiating … Following the best practices above will ensure that your relocation package … 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 the firm’s culture in a new location and essentially help build a second headquarters. … My firm is in the financial sector and pays very well. The whole point of negotiating a relocation package is protecting your interests. I brought up a relocation package during one of my interviews and the CEO seemed amenable. Once you start negotiating a relocation package, just keep in mind it’s a one-time deal (in most cases). I want to know how much is a reasonable ask in terms of a moving allowance. 3. In my mind, I am hoping for around 20% of my base salary to start, but don’t want to come off greedy and also don’t want to undercut myself either. Garber recommends two important tips to negotiate a relocation package without souring the relationship with your company. There are six key components of any relocation package… Also remember that you can negotiate for more leave, greater flexibility, lesser hours or better relocation packages – and not just the salary. My expected salary is $70,000. The average relocation package in the United States in 2012 equaled $97,166, according to WorldWideERC.org. Employment. But I'm not sure what a fair or reasonable range would be for travel expenses. Given my salary of $70k, how much would be a reasonable ask? A good relocation package is not only the key to a smoother transition; it can also determine your quality of life after the move.. Much would be at least $ 5,000 old browser or would it be better to ask that the (. I 'd be looking for to negotiate before i start the process by using services... Job markets outside of your area i would have to sell my house san! 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