The art of negotiating your moving package
Just because you got a job out of town doesn't mean you're on your own when it comes to moving to Texas. But if the moving package is not discussed with your proposal, then you yourself can start a conversation. According to surveys, 26% of people received some aid with moving expenses, while 15% only got money for short-term living costs. Furthermore, 12% received discretionary expense money, and 8% received a lump amount for other expenses. The majority of respondents, almost 30%, reported that their employers offered no relocation assistance at all. Since you are moving because of your job, it would be only fair enough that you receive some assistance. For this reason, it is important to know how to ask for assistance if your employer does not offer it.
Ask for help with your relocation
Since corporate relocation is on the rise, you just have to assume that your company has a big package already planned and ready to go to you after accepting your job offer, right? Do not think that your company will offer enough help with relocation - or any other, for that matter. As in your career, you must ask what you want. And this includes all the services and compensation that you will need for your move. For example, you are moving to Georgetown in Texas since this is where your company wants to open another office. In this case, you should find movers Georgetown TX, for your relocation. Depending on the size and distance, your relocation might cost between $4000 to $6000. Since you are moving because of your job, the company that is sending you to Georgetown should cover a certain percentage of it.Negotiating your moving package since moving is expensive
Be aware that moving can be very expensive. Whatever you think it will cost, probably it will cost more. Now is not the time to be shy to ask for help. In addition, you will never know what you can get until you ask. And while this is within reason, you will have a good chance to get it if you clearly explain your needs. Even though you have every right to receive assistance for your relocation, you need to know how to ask for it. It is not recommendable to be direct and demand assistance for your relocation. You probably won’t get the reaction you wanted. Instead, you should try to be more subtle but still clear with your request. This would be the perfect way to get what you want. Now, you only need to know how.
Your company should offer help and support when negotiating your moving package
It is important to remember that ultimately you and your company want the same thing: to move you in such a way that you (and your family) are happy so that you can fully concentrate on your work without much hassle. Everything related to negotiating your moving package, regardless of whether you are moving on your own or with a spouse and two children, is to make this step as financially viable and stress-free as possible. There must be a good reason why your company chooses you for their office in Leander for example. Therefore, they should support you all the way, including finding movers Leander TX, offering all the necessary support, etc. Usually, you are expected to work until you officially move, so it will be hard to do everything at the same time. This is why it is reasonable to expect help from your employer.Know what to ask for
Before you begin negotiations, get an idea of what you need, including special assistance or services. A new graduate moving from a one-room apartment will probably not need the same as a homeowner with two children. Your employer will not know or suggest what services you need. So take the time to evaluate your situation and then suggest what services you think should be included in your package. This does not mean that you get it, but again, it never hurts to ask. You will also want to find out how much everything should cost so that you know how much in dollars to start negotiations. As a rule, everyone underestimates how many things they have and how much their move will cost.
Focus on your interests
Consider relocating for work as a huge opportunity to transform your life. The entire purpose of negotiating is to address your true needs and worries. Make sure you know what you want before you limit yourself. Think extensively, and don't restrict yourself to monetary costs only. Some people, for instance, decide that they need these things:- assistance in making childcare decisions and payments.
- an increased cost-of-living allowance.
- a larger amount for mortgage costs.
- loan because you might not sell your home in time for your move.
- help to find a decent neighborhood school for your kids.
Making the list of priorities when negotiating your moving package
It is highly unlikely that you will get everything you want when negotiating your moving package. For this reason, you need to have a list of priorities. In order to negotiate properly, you need to know when to give up or make a compromise. For example, if you do not have kids, finding a big house or getting moving assistance for your family is not important. In this case, you can focus on finding a suitable apartment or having some if not all the moving costs covered. On the other hand, if you are moving with your family, then your family would be your priority. Your new place should be as comfortable as your old one. Additionally, your kids should attend good schools, have someone to look after them during your relocation, etc. Make sure to know when and where to give up or keep fighting during negotiations.
How to negotiate your corporate relocation
Step 1: Think about what matters most to you when negotiating your moving package
The key to agreeing on a relocation package is to meet your most urgent needs. Think about what you want before limiting yourself to the necessary things. Some of the less obvious - but very important - needs you may have may include:- look-and-see visit
- subsidy for the increased cost of living
- housing subsidy
- subsidy or help finding a good school for your children
- travel expenses if you are moving before your family
- storage costs if you cannot immediately move to your new home
Step 2: Find out what your company usually offers
Knowing what a company usually offers is good for preparing for your move negotiations. You can find out what is typical by asking the personnel department of your new employer if they have a written policy for moving assistance. Most companies offer assistance with:- expenses of the apartment movers Austin
- temporary living expenses
- assistance in selling your home
- help with finding a job for your spouse
- flights home if you move before your family
Step 3: Mutually beneficial negotiations
Companies usually gladly negotiate relocation packages and are flexible with their most valuable talents. If you make offers that also benefit the company, your employer is more likely to agree with your offers. Tell them that you can get into work faster if you quickly resolve important issues. If they do not want to set a precedent by providing additional help, you can recommend to them to call it a “signing bonus” and not a moving package with additional zeros.Make a deal beneficial to both parties
Many businesses are open to negotiating packages that specifically cater to the demands of their new employees. Even though everything is negotiable, your employer is more likely to accept your suggestions if they are also advantageous to the company. In order to get approval from your new supervisors, be aware of this reality and consider it when sharing your thoughts. For instance, some clients carefully inform their new employer that they would be able to work longer hours and be more productive from the start if the company can help them with the relocation. It would be great if you highlighted the various ways in which the business gains from your ideas, just as you do.Step 4: Make sure it is signed on the dotted line
Once your company agrees to the terms of your relocation negotiations, be sure to sign an international relocation compensation agreement that states the amounts and terms. Make sure to put your agreement with the employer on compensation for your relocation costs in writing once you two have reached an understanding. There is no need for a formal contract; all that is required is a brief, signed letter outlining the assistance being offered and by when. The same rules apply to all negotiations, including those involving relocation compensation. You will succeed if you put your attention on efficient planning, cooperative negotiation, and original thinking.
Types of relocation packages
Companies offer assistance in moving in different ways, namely:- one-time payment - the company undertakes to pay you a certain amount of money, which you can use at your discretion.
- reimbursement of expenses - the company agrees to reimburse you for some of your transportation costs.
- direct bill - the company pays some of your expenses directly and coordinates the services of moving on your behalf.
- third-party relocation — the company outsources you to a relocation services broker who will coordinate your needs.