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. I know most big companies have standard relo packages … 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. I am awaiting the formal job offer, but I've begun the process. Also, should I ask for a lump sum? Therefore, compensation can differ by industry, city or even position in the company (executives tend to get more). Ask yourself the hard questions Your move … Now that you know how to negotiate relocation for a … Most small businesses would be far more willing to reimburse than pay upfront. 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 … Reddit's expanding alumni page may not be the only sea change in store. Relocating is expensive, time-consuming, stressful. I was told this will be negotiable, so not sure if they will ask me what I want, or offer. Join our community, read the PF Wiki, and get on top of your finances! 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. Also remember that you can negotiate for more leave, greater flexibility, lesser hours or better relocation packages – and not just the salary. What to look out for when negotiating an Amazon job offer package. A good relocation package is not only the key to a smoother transition; it can also determine your quality of life after the move.. We discussed relo, but we didn't discuss a bonus. I was told there would not be any relocation … 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. The only job I've held that had relo packages was the army. By using our Services or clicking I agree, you agree to our use of cookies. ... or not to accept relocation assistance or take a severance package. My firm is in the financial sector and pays very well. 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. Has anyone negotiated relocation packages? I requested the company split the estimated $10,000 cost of moving with me. A lot of companies use the phrases interchangeably. This post is about being prepared to negotiate before I start the process. There are six key components of any relocation package… This is the time to discuss the whole package: salary, bonus, benefits, retirement savings, and relocation. Pitch your services: Show what the organization stands to gain . Are they offering it as relo or as a signing bonus to cover relo? 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 … In this guide, you’ll get tips for negotiating job relocation package and making the job opportunity worth the move. Yeah it’s a pretty good package, realtor fees would already be a lot. As a precondition for accepting my respective offers, I asked that each company allow my family to take two or three “ But I'm not sure what a fair or reasonable range would be for travel expenses. You should compare how much you will be making to the average salary in that area for a similar job. Corporate Moves: A Guide to Negotiating a Relocation Package. Employment. Better to uproot the kids now than when they’re in high school. Reimbursement for moving expenses is a taxable benefit. 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. They selected me after the interview process. Round up and ask for that as you’ll just submit the expenses to them. 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. Press question mark to learn the rest of the keyboard shortcuts. Or would it be better to ask that the company pay the temporary housing costs directly? Is there any tax benefit to being reimbursed? If you know what to negotiate when relocating … I haven't been hired yet, but if I am, I would be moving across the state with a wife, 2 kids, 2 dogs. Fwiw, I got an updated offer latter shortly before starting after I decided I wanted the cash and the relocation … You need to be aware of your needs first and then you can negotiate the job transfer relocation package with your employer. ), 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. Given my salary of $70k, how much would be a reasonable ask? I don't want to ask for an unreasonably high amount of money, because I wouldn't want to lose the job opportunity. If you're flexible and do your research, it's possible to tap into job markets outside of your area. My expected salary is $70,000. Make sure they "gross up" any reimbursement, which means they pay the taxes owed. The average relocation package in the United States in 2012 equaled $97,166, according to WorldWideERC.org. 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