Relocating for a New Job – 5 Points to Consider
First things first. If you’re considering relocation, then congratulations on your new prospects! However, once the excitement wears off from your new job offer or potential job offers, you will be left with some points to consider. Relocating to a new town or state should not be a decision that is taken lightly. There are a few points that you should thoroughly think through before taking any position that requires relocation.
Have you considered the following?
Cost of living: There are plenty of ways to figure cost of living in the local area: research online, call local realtors in the area, ask friends or relatives that live nearby, read local newspapers (online) for information on cost of living. You will want to make sure your pay is in line with cost of living for the local area. This is most common when moving from a rural or suburban area to a metropolitan area as the cost of living rises sharply. It is also common when moving from one state to another.
Non-compete clause: Have you been asked to sign a non-compete clause? This is something that is often over looked when relocating. Signing a non-compete clause will prohibit you from working elsewhere within a certain distance from your current employer. This can pose serious problems when relocating to a new state.
Relocation Package: Have you discussed a relocation package? If so, do you understand what it will and will not cover? Make sure the HR thoroughly covers all points of relocation and make sure to ask you own questions. This can be a deal breaker if you do not have enough personal finances to help cover expenses that the company won’t cover.
Family Visits: Have you and your family visited the area where you will be relocating? It is very important to get a feel for the local environment and culture before signing on the dotted line. There is only so much you can learn from research. To truly understand and get a feel for the local area you will need to take one or even two visits before committing.
Turnover Rate: What is the company’s turnover rate? Make sure the company doesn’t have a high turnover! The last thing you want is to pack up and move only to find out they give pink slips twice a year. Look to see how often they switch out their executive team. If they switch out their executives often then it may not be the company for you.
Backup Plan: Do you have a backup plan? If everything looks good and you sign on the dotted line and the unthinkable happens do you have a backup plan. Are there other companies around the local town that provides employment in your industry? Make sure to have a backup plan just in case.
Even in this economy not every job is worth relocating for. Keep your long term interest in mind before committing yourself and family to relocating. Talk with family and friends and don’t forget about your fellow co-workers and weigh the pros and cons with them. Get their opinions and think about each point before you fully commit to relocating for your new job. Good Luck!
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HI
Great post and I like this post the excitement wears off from your new job offer or potential job offers, you will be left with some points to consider. Relocating to a new town or state should not be a decision that is taken lightly.
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