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Assisting Decisions Regarding Employee Relocation with Facts and Figures

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There are so many variables to keep track of when trying to make a decision about employee relocation, without facts and figures to assist your decision making process, you might as well just flip a coin. Not only do you need to be aware of all the things your employee relocation package is offering you but also, everything that it doesn't include that you might need it to.

Any offer, whether it's from a current employer, a prospective employer or a corporate headhunter, should be considered first in the context of cold hard cash. Will you be getting a pay raise? How does that compare to the cost of living in the new area versus your current level of expenses? Even if you're able to make a profit on the sale of your home, will you be able to buy a home in the new area with the proceeds? When considering the cold hard cash aspect of employee relocation, facts and figures are indispensable. Making a chart to assist your decision making process is never a bad idea.

You'll also want to consider how it will impact your personal life. If a young single person, this might mean very seriously contemplating the quality of life in the new town versus your current home. You may have personal relationships or family duties that make such a move impossible. On the other hand, you may be craving life in a bigger city or a more temperate climate. For those who've not set down root yet, the best thing that could happen to you might be employee relocation, facts and figures be damned.

On the other hand, a more rational approach is usually called for when dealing with mid-career executives and those with families of their own. Not only will the wishes of a spouse and children need to be considered, but when considering a package that includes employee relocation, facts and figures that suggest it might be to your financial advantage to do so will be of little use if your spouse is dead set against it.

In the end, it will take a long time to make a list of all the expenses that you might incur during employee relocation. Facts and figures don't lie, though. Be as thorough as possible when considering an offer of assistance. If it's not in writing, then it's just a promise. Once you have a piece of paper that gives you a clear outline of what you will and won't be paying for, who will be assisting your with the move, what services are not covered and what you'll be responsible for paying taxes on (never, ever forget the tax man), you'll have a better idea of just what a good idea this opportunity really is.
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Employee Relocation News

Ex-MMDA chief bats for in-city relocation of informal settlers - Inquirer.net


Ex-MMDA chief bats for in-city relocation of informal settlers
Inquirer.net
MANILA, Philippines—Tropical Storm “Ondoy” (international name: Ketsana) has shown that relocation is an ineffective solution to Metro Manila's informal ...

and more »

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Some Must Relocate to Find New Employment - PR Web (press release)


Some Must Relocate to Find New Employment
PR Web (press release)
As many as 15% of mid- to senior-level job seekers who found new employment in 2009 had to relocate, according to a study of job candidates by Right ...

and more »

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HR Managers On Cloud Nine As Cloud Computing Promises To Simplify Relocation ... - Middle East Events (press release)


HR Managers On Cloud Nine As Cloud Computing Promises To Simplify Relocation ...
Middle East Events (press release)
He suggests that businesses fast look to outsourcing their employee relocation requirements and migrate to a SaaS (Software as a Service) or cloud computing ...

and more »

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No Fee Sharing - ILW.com


No Fee Sharing
ILW.com
No relocation reimbursement available. Have you missed the deadline for overnight delivery to the Board of Immigration Appeals? We offer same day service to ...

and more »

Read more...


Moving for a job? Be prepared to pay the price - msnbc.com


Moving for a job? Be prepared to pay the price
msnbc.com
When you search for openings on the major job boards lately, lots of the ads say: “No relocation assistance is provided.” For those positions that do offer ...

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