If you have the opportunity to relocate as part of your role with an organization, it could be an incredibly appealing prospect depending on your aims, ambitions, and situation.
Of course, the relocation process itself is a potentially challenging, expensive, and stressful one, so most businesses will sweeten the deal in some way by incentivizing the move with perks to tempt talented employees.
Even with this being the case, that does not mean you should accept the first relocation package you are offered outright, as negotiating can leave you even better off in the long run. Here is a look at how to handle negotiations to maximize your chances of coming away satisfied.
Get the ball rolling
In some cases, you will need to instigate the talks to discuss your relocation package in the first place, rather than simply expecting your employer to kick things off.
Because of this it pays to be proactive and come right out to ask about the kinds of perks you will receive and the support that the firm will offer you if you accept the offer.
It is all well and good to ask for a relocation package, but you will never know whether you are getting a fair one if you are unsure of what you will actually need.
For example, be sure to think about the kinds of services that will be necessary to complete the move, and remember that relocation benefits are now considered taxable. That means there is no point in over-extending yourself with your ask, just as you should not undersell your needs.
Your initial research should be thorough enough to factor in precise costs, covering things like the expense of moving your belongings, storage fees if relevant, and also the outlay you will face for selling your home and finding accommodation when you arrive at your destination.
It may sound like a lot of work, but if you have all of these figures to hand and put everything in writing, a moving checklist or guide, you will know what to ask for and how much support your business should be willing to provide to make the move worthwhile from your perspective.
No business operates in a vacuum, and you can often push for a better relocation package if you point out that a rival organization is known for offering employees cushy deals when they decide to uproot their lives and move elsewhere for their job.
A business that wants to keep talented team members happy and satisfied will realize that its reputation could be hurt if it is seen to be hampering its staff with sub-standard relocation deals. This could be a powerful negotiating tool, or at least give you an alternative option if you decide to jump ship to a different firm in the future.
Point out the benefits to the business
The final weapon in your arsenal when negotiating a relocation package is that your time is valuable to your employer, so the less of it which is monopolized by the big move, the better.
This should convince any company that splashing out for support makes sense, especially if deadlines are tight. Prepare carefully, be bold, and know your worth to get the best out of this experience.