Everybody wants a new job. The first step in getting to the position you wish to is finding that perfect company. Getting a new job means an exciting and challenging opportunity, but it also comes with the burden of relocation. Relocating to a new place for a new job can be expensive; so many people are looking for ways to get some employers’ assistance. You may have heard about relocation assistance- what does it entail? Here’s how it works:
It is a well-known fact that relocating to a new place for work can be an expensive task. When you change jobs, the employer will usually cover some of your relocation costs but not all. This leaves you with plenty of financial obligations when moving from one city to another. Many factors determine what kind of assistance your employer offers. It varies between companies and industries, so it’s best to talk about this with your HR representative before accepting the offer.
What is Relocation Assistance?
Relocation assistance is a company’s offer to help with the costs of an employee moving for work. A relocation assistance program just doesn’t cover your moving expenses, it can also be directed at helping you find housing or provide discounts on various services, such as cable TV and internet service providers.
In an employee relocation, a company will offer a relocation package, which typically includes:
- A reimbursement for expenses such as lodging and meals during the transition period
- Reimbursement for travel costs to move (such as airfare or gas)
- Assistance with temporary living expenses when you relocate until your home is ready. These typically include apartment rental assistance, grocery gift cards, utility deposit waiver, etc.
How do you ask for relocation assistance?
You need to ask for relocation if you are not sure your employer will help you in transition. You can ask your new employer to give you a relocation package if you have an offer on the table.
One of the best ways for companies to help their employees with relocation assistance is to offer understanding and fair compensation.
Here are the steps necessary for getting relocation assistance.
Step 1: Discuss with your employers about their position on relocation assistance
If your company does not offer relocation assistance, you should speak with HR to understand where they stand on the topic.
- It is essential for employees to be aware of their employer’s position before asking about it because some companies will negotiate relocation/separation packages if asked in a professional and effective way
- Some employers feel very strongly that every employee has responsibility for managing their affairs when it comes to moving costs, while others feel obligated by law to do something. However, an innovative company knows that once someone with talent is up to speed, they will bring the company much more money than what they paid in the long run.
So, if you have a job offer, it means your employer thinks that you will make enough money for them. It also means that they will help you in relocation so as you do the work faster.
Ways in which Company can provide Assistance for Relocation:
Lump Sum: When a company gives an employee the lump-sum amount of money to cover any relocation expenses that might arise.
Partial Help: When a company pays for some or all of the transportation costs and other moving-related expenses
Full help: Full assistance includes everything above and temporary housing while searching for a permanent home, outplacement services (a service such as job placement), etc.
Step Two – Decide on what things you want as Assistance
Many companies have their set policies concerning relocation assistance. If you’re going to ask anything in the form of relocation assistance that is not included in your company’s policy, you need to negotiate for it.
There are many things’ companies will provide relocation assistance for. Some of them you would not think to ask for, but they are accommodating like:
Moving coordination is when your company helps you move your things. They allow you to pack up and move it to another house.
Rental assistance is a company that helps you pay your rent.
The Spousal Employment Assistant helps your spouse with jobs. It helps them find a job, and it also helps them get more money.
Temporary housing is a place to stay when you cannot live in your own house. It can be for a few days or even months. You can stay in a hotel with family or find other places to visit like an apartment or someone’s home.
A travel allowance is when a company pays for the travel costs of their employees. The amount they give might change depending on how many people travel and what they are traveling to do.
Real estate assistance can help you sell your home.
Determine Whether what you are asking as relocation assistance is fair by asking yourself some questions like:
- Is it an expense related to the job you are taking?
- Does your employer offer relocation assistance in any form, or is this something new that they’re considering?
- Are there current employees who have moved and received assistance for a similar need, such as graduate school tuition reimbursement?
The way to ask is by asking them how much of what you want to be covered. The best time to ask is when they’ve offered some incentive, but if not, then wait until after accepting the position. This will help decide whether or not they want to cover more expenses than just salary increases, commissions, etc. It’s also essential for spouses’ because sometimes those can be included too, which might require further discussions about.
Step 3: Ask in a way that is a win-win situation for both
It is essential to ask for assistance in a way that is acceptable by your company that is collaborative that your company can’t deny.
Simply put, you have to ask that giving you what you want will help your employer get what they want.
It would help if you understood that providing you with relocation assistance will help your company return. If you get the answer to this, it will become easy for you to negotiate.
Perfect time to ask for Relocation Assistance
It is essential to know when the perfect time to ask for relocation assistance. This can vary from company to company, but it is a good idea to research it on your own before asking anything. It will be difficult if you approach the wrong way, which might cost you the job opportunity.
Few things need consideration:
- What kind of salary package do they provide?
- How much reimbursement would I get while going through with taxes?
- What other benefits should I expect like rent, food, etc.?
To not miss out on any information or details relating to these factors, one should do their homework first beforehand and then develop a plan accordingly. This way, there won’t be any surprises, and you will be able to ask for assistance in a proper manner when needed.
Figure out what type of relocation assistance is offered by your company before asking any questions about it. Many companies provide some form of help with housing, food, and travel expenses but not all do – so check first! There are many different types of benefits that can come along with this type of thing; make sure you know exactly what’s being offered (or not) before going into an interview or meeting where it could be discussed as well. If possible, try to get everything finalized ahead of time, so there aren’t any surprises while on the job either way. It may also depend on whether they’ll pay for the entire expense or just a portion of it.