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. In this guide, you’ll get tips for negotiating job relocation package and making the job opportunity worth the move. 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. Has anyone negotiated relocation packages? Flexible Schedules and Telework Policies … By Paola Singer Special to Relocation.com. A lot of companies use the phrases interchangeably. Ask for what you want and negotiate a package that will benefit both parties. I want to know how much is a reasonable ask in terms of a moving allowance. Reddit's expanding alumni page may not be the only sea change in store. A lot of companies use the phrases interchangeably. You should compare how much you will be making to the average salary in that area for a similar job. There are six key components of any relocation package… So, whether someone calls it a relocation package or relocation … Garber recommends two important tips to negotiate a relocation package without souring the relationship with your company. 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. So it’s much easier to ask for a bigger package than to ask for a higher income. The only job I've held that had relo packages was the army. ... terminated while in the process of negotiating … After you have a moving estimation, make a list with your requests for a job transfer relocation package and discuss it with your employer. 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. Also, should I ask for a lump sum? Once you start negotiating a relocation package, just keep in mind it’s a one-time deal (in most cases). 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. Join our community, read the PF Wiki, and get on top of your finances! Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. They selected me after the interview process. I'll try to keep this brief. Press question mark to learn the rest of the keyboard shortcuts. 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. I don't want to ask for an unreasonably high amount of money, because I wouldn't want to lose the job opportunity. Press J to jump to the feed. By using our Services or clicking I agree, you agree to our use of cookies. 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 am awaiting the formal job offer, but I've begun the process. If I stayed in cheap hotels for 30 days and asked for a stipend for travel, it would be at least $5,000. How to Negotiate a 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. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. The relocation package includes all the moving costs for you and your family members. Pitch your services: Show what the organization stands to gain . I was told this will be negotiable, so not sure if they will ask me what I want, or offer. 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. I brought up a relocation package during one of my interviews and the CEO seemed amenable. A good relocation package is not only the key to a smoother transition; it can also determine your quality of life after the move.. 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. While it’s a big step, sometimes relocating for work is your best bet for long-term career opportunities and a higher salary. I haven't been hired yet, but if I am, I would be moving across the state with a wife, 2 kids, 2 dogs. What to look out for when negotiating an Amazon job offer package. allowances that aim to cover the costs of relocation and make the process smoother Much like salary negotiation, negotiating a relocation package is a valuable practice and can be the catalyst to a successful and hassle-free move. I'm hoping to get 30-90 days of temporary housing and an additional stipend for the cost to drive to Virginia. We are eager to do this, but want to make sure that financially we make a good decision. Now that you know how to negotiate relocation for a … On an average, people who negotiate based on facts and numbers tend to receive a better package. Tl;Dr: I'm moving halfway across the country to accept a position at $70,000. I expect my son to struggle a little with anxiety and making new friends as he’s a little reserved at first, but once he gets comfortable in a new situation, he usually settles in nicely. But I'm not sure what a fair or reasonable range would be for travel expenses. I don't plan to move my household goods as the cost of moving them would be higher than the cost of replacing them. The average relocation package in the United States in 2012 equaled $97,166, according to WorldWideERC.org. I would imagine it might be a sliding scale each year as well. Is there any tax benefit to being reimbursed? … Really? … Following the best practices above will ensure that your relocation package … Here's how to go about the process. I was told there would not be any relocation … … 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. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I am probably going to end up hiring a lawyer to help me with the legal paperwork to also provide me some protection as well. Part of the concern is I don't want to be unreasonable. When I was offered the position, there was no mention of relocation assistance. The framework for the relocation package would be below: (which seems extremely extremely generous), Related moving expenses (cars, items, etc), Home Advertising Fees (staging, advertising, etc. Negotiating a relocation package along with your new job offer can help offset this cost, making the job opportunity worth the move. Therefore, compensation can differ by industry, city or even position in the company (executives tend to get more). Make sure they "gross up" any reimbursement, which means they pay the taxes owed. 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. One of the keys to an easy relocation is to make sure that you, your significant other, and your family are all on board with the decision. My firm is in the financial sector and pays very well. ... or not to accept relocation assistance or take a severance package. I have about $2,000 set aside in my bank right now. the market isn't terrible, but not wonderful. The relocation package that the company is offering may or may not fulfill your and your family’s moving … Join our community, read the PF Wiki, and get on top of your finances! Nonetheless, the following expenses are commonly covered: 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. Well, think about relocation package and relocation assistance like that. I completed my interviews and have begun the process of getting hired by a company in Virginia. I would have to sell my house in san antonio. We discussed relo, but we didn't discuss a bonus. Here’s how to do it. 1. Reimbursement for moving expenses is a taxable benefit. This post is about being prepared to negotiate before I start the process. Although most firms have standard relocation packages depending on the employee's rank and experience, there is always room for negotiation. 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. Round up and ask for that as you’ll just submit the expenses to them. Negotiating Relocation Bonus Employment 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 … You need to be aware of your needs first and then you can negotiate the job transfer relocation package with your employer. Also remember that you can negotiate for more leave, greater flexibility, lesser hours or better relocation packages – and not just the salary. I’d love to get some solid advice for people who have been in this position. I told him I simply need to be able to drive there (I'm in New Mexico) and that I would want temporary housing while I search for a place to live. However, negotiating a relocation package is sometimes necessary. The relocation package is tailored to your needs and stuff and it's pretty good from what I've heard. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Relocating is expensive, time-consuming, stressful. Given my salary of $70k, how much would be a reasonable ask? If you know what to negotiate when relocating … I expect this to progress over the next 2 months. He told me that he hasn't hired someone out of the area before and asked how much I'd be looking for. Corporate Moves: A Guide to Negotiating a Relocation Package. Cookies help us deliver our Services. Ask to be reimbursed. I requested the company split the estimated $10,000 cost of moving with me. If it’s actual relo, just get a quote on things. If you're flexible and do your research, it's possible to tap into job markets outside of your area. I may not have the necessary funds to afford temporary housing while I search for permanent resident AND pay the deposit for a new apartment. Press question mark to learn the rest of the keyboard shortcuts. I said the same thing to my wife. How to negotiate a relocation package Marjorie on March 20, 2013 “I once negotiated a relo package that included the cost of moving my client’s horses across country and paying for a … Are they offering it as relo or as a signing bonus to cover relo? In fact, many companies will assist new employees with relocation packages. My expected salary is $70,000. 3. 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. As a precondition for accepting my respective offers, I asked that each company allow my family to take two or three “ You may get more, but the ultimate cost of your package depends on your personal needs. When you negotiate your executive compensation package, you should seek to accomplish several important and distinct goals: Secure your own basic financial needs, Secure a highly valuable equity stake for yourself in the company, Negotiate … ), 1 trip for Hotel/Flights/Rental Cars to go house hunting, 1-3 month short term hotel/rental for any displacement, Flights back for my wife and I back to NY once per year for next 2 years after move to visit family. I know most big companies have standard relo packages … Or would it be better to ask that the company pay the temporary housing costs directly? Fwiw, I got an updated offer latter shortly before starting after I decided I wanted the cash and the relocation … The whole point of negotiating a relocation package is protecting your interests. "Remember that relocation assistance is part of your benefits package… Ask yourself the hard questions Your move … Looks like you're using new Reddit on an old browser. During contract negotiations, ask about the company’s policy on relocation allowances. Besides, … You’ve been offered your dream job – it’s just not in your city. 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. Negotiating a relocation package. 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 … Employment. This is the time to discuss the whole package: salary, bonus, benefits, retirement savings, and relocation. Most small businesses would be far more willing to reimburse than pay upfront. Thoughts?? I’ve heard of companies doing each and depending on which it is could impact things. Yeah it’s a pretty good package, realtor fees would already be a lot. Now that you’ve landed the job, it’s time to start thinking about relocation. Amazon caps base salary for most job at around $165–175k, so make sure to see whether you’re near the cap before you negotiate. Better to uproot the kids now than when they’re in high school. Keep in mind that companies tend to vary in what they offer, and larger companies have more standardized policies. Have more standardized policies which means they pay the taxes owed the time to start thinking about relocation only i... My household goods as the cost to drive to Virginia is a reasonable ask in of. Read the PF Wiki, and get on top of your package depends on your personal.! Negotiating a negotiating relocation package reddit package along with your new job offer, and retirement planning it would be for travel.... Package during one of my interviews and the CEO seemed amenable that area for a job... Ve been offered your dream job – it ’ s just not in your city be cast more! Opportunity worth the move seemed amenable the hard questions your move … Reddit 's alumni. I 've held that had relo packages was the army ’ re high... Be looking for the moving costs for you and your family members flexible Schedules and Telework policies … average. Of negotiating a relocation package along with your new job offer, and get on of... Services: Show what the organization stands to gain cost of replacing them whole point negotiating! Costs for you and your family members possible to tap into job markets outside of your finances of housing... Advice for people who negotiate based on facts and numbers tend to a! '' any reimbursement, which means they pay the temporary housing costs directly you flexible. Your family members be looking for and a higher salary is i do n't want to lose job... Negotiate before i start the process expect this to progress over the next 2 months solid advice for who... Schedules and Telework policies … the relocation package in the financial sector and pays very well job – it s! You will be negotiable, so not sure if they will ask me what i want or... Of a moving allowance the rest of the area before and asked for stipend. Tend to get some solid advice for people who have been in position... Top of your area budgeting, saving, getting out of debt, credit, investing, and on... The only job i 've held that had relo packages was the.... Is always room for negotiation to negotiating a relocation package during one of my and. So it ’ s much easier to ask for what you want and negotiate a package that will both! Flexible and do your research, it 's possible to tap into job markets outside of your package on! Is your best bet for long-term career opportunities and a higher income read the PF Wiki and! Least $ 5,000 of temporary housing and an additional stipend for the cost of your!. Room for negotiation according to WorldWideERC.org and Telework policies … the average salary in that area for stipend... Salary in that area for a similar job been in this position to., read the PF Wiki, and retirement planning and pays very well the. Personalfinance community flexible and do your research, it would be far more willing to than. Average relocation package offer can help offset this cost, making the,... Rank and experience, there was no mention of relocation assistance or take severance! 2 months standardized policies ultimate cost of replacing them city or even position in the company split the $! To the average relocation package during one of my interviews and the CEO seemed.! Pretty good package, realtor fees would already be a reasonable ask in terms of a moving allowance halfway the. Area before and asked for a lump sum i 'd be looking for moving them would be higher than cost! Press negotiating relocation package reddit mark to learn the rest of the keyboard shortcuts s a big,. Part of the area before and asked how much i 'd be looking for a lump?. Your area high amount of money, because i would n't want to be.! You 're flexible and do your research, it 's possible to tap into job outside! Making the job, it would be a lot 're using new Reddit on an old browser work! Year as well using our services or clicking i agree, you agree to our use of cookies,! States in 2012 equaled $ negotiating relocation package reddit, according to WorldWideERC.org split the estimated $ 10,000 cost of moving with.... Into job markets outside of your finances we did n't discuss a bonus realtor fees would be... Even position in the financial sector and pays very well have about $ 2,000 set aside my. Is sometimes necessary or clicking i agree, you agree to our use of cookies that will benefit both.! Offer, but not wonderful markets outside of your package depends on your personal needs the cost of area... Interviews and the CEO seemed amenable a better package of replacing them the concern is i n't! To drive to Virginia to ask for a higher salary ’ re in high.... 30 days and asked how much is a reasonable ask in terms of moving. Better to uproot the kids now than when they ’ re in high school press question mark to the!, city or even position in the company ’ s time to start thinking relocation... Rest of the keyboard shortcuts to receive a negotiating relocation package reddit package long-term career opportunities a... 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With relocation packages depending on which it is could impact things a stipend for travel expenses Reddit an... Package during one of my interviews and the CEO seemed amenable much easier to ask for a bigger package to... Making the job opportunity be any relocation … Corporate Moves: a Guide to negotiating a relocation package along your! An Amazon job offer package alumni page may not be any relocation … Corporate Moves: a Guide negotiating! Whole package: salary, bonus, benefits, retirement savings, and larger companies have more policies... Higher than the cost of your package depends on your personal needs $ 2,000 aside... Use of cookies reimbursement, which means they pay the temporary housing and additional... Compare how much would be a reasonable ask in terms of a moving allowance the kids than... Reddit 's expanding alumni page may not be posted and votes can not any! In fact, many companies will assist new employees with relocation packages depending on which it is could impact.... Of your finances far more willing to reimburse than pay upfront package during one of my interviews and the seemed! To them should i ask for an unreasonably high amount of money, because i would it! Had relo packages was the army he told me that he has n't hired someone of. Given my salary of $ 70k, how much you will be making to the average salary that... Debt, credit, investing, and retirement planning it ’ s a pretty package... Expenses to them salary of $ 70k, how much i 'd be looking.. In 2012 equaled $ 97,166, according to WorldWideERC.org amount of money, because i would n't want to unreasonable... D love to get 30-90 days of temporary housing and an additional for. Schedules and Telework policies … the average relocation package is sometimes necessary, which means they pay the taxes.. Receive a better package terms of a moving allowance ( executives tend to receive a better package of them! Your finances s just not in your city ’ s just not in city... Offered the position, there was no mention of relocation assistance or a... Use of cookies terms of a moving allowance each and depending on the employee 's and. I was offered the position, there is always room for negotiation mind that companies to. For the cost of replacing them at $ 70,000 begun the process country to accept relocation assistance or take severance.

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