When it comes to corporate relocation, no two companies have the same rules and regulations, and it can be confusing to know what to expect from a relocation package. The following myths and facts will help you understand what’s fair and what’s not when negotiating your relocation with your employer.
Nowadays, you can’t get a relocation package. This is a myth. Though it’s always more difficult to negotiate moving expenses in tough economic times, there are still many employers willing to help employees move. However, the decision to do so lies completely with the individual employer.
It’s advisable to ask for relocation help, but have a budget in mind first so you know what is fair. This is true.If you’re expected to move to another city or state, it’s financially responsible to ask for help for the move—even if your employer doesn’t mention it. Request quotes from a number of relocation companies and make an estimate of additional costs for travel expenses, accommodations and food. Make an overview of the costs and present them to the employer in a well-laid-out document to support your request.
Relocation fees are standard and non-negotiable. This is a myth. As mentioned before, it’s completely up to the employer to offer you a relocation package, and if so, what that package covers. However, it’s fair to request reimbursement for the costs of a moving company, as well as transport and temporary accommodation for you, your partner, children and any pets. In addition, some employers may offer help with selling your home and covering the costs of a realtor to help you find a new home.
Employers might offer other ways to help besides relocation fees. This is true. Employers can offer sign-on bonuses, salary advances, and even corporate housing. In some cases, they can help you get a short-term, no-interest loan through their banks.
Shopping around for relocation companies and other services doesn’t matter if you’re being reimbursed. This is a myth. It’s always smart to keep your moving expenses as low as realistically possible in order to avoid antagonizing your employer. To avoid difficult questions and financial problems, make a budget and stick to it.
You can ask for job placement help for your spouse. This is true. If your spouse has to give up his or her job so you can relocate for your new position, you can absolutely ask if the Human Resources Department can help with finding employment opportunities.
You can’t do a DIY move if you’re getting a relocation package. This is a myth. You can absolutely rent a moving truck and move your own possessions if that works best for your situation. The main thing to consider is that you keep the relocation costs within your budget while making sure you’re rested and healthy enough to start your new position.
You can ask your new employer for help beyond financial relocation assistance. This is true. Oftentimes, your employer’s HR Department can advise you on matters that don’t have to do with finances, such as the best realtors, insurance agents and schools in your new neighborhood.