An Insiders Guide to the Relocation Package - Your Career Intel

An Insiders Guide to the Relocation Package - Your Career IntelIts become commonplace to move cities, and sometimes countries, for your job. In 2013, the percentage of workers relocating for a new job was up 35% from a year prior, the highest growth since the recession.Youre excited to cover new ground But ensure your relocation package is solid before you make the move. Negotiate a good one, and it can be seamless. A bad one can make the entire experience a nightmare.Relocation packages are offered in three ways1. A lump sum amount (clarify if this sum is pre-tax or a net figure after taxes),2. Payment of all approved receipts turned in for all relocation expenses3. The relocation service covers the move up to a given dollar amount.fruchtwein baseline relocation packages cover moving your possessions from point A to point B, and any expenses accrued during that move. You usually also get reimbursed for two meals a day during the move, and gas to get from point A to point B in your v ehicle.A package from a relocation service paid for by the prospective company commonly includes1. Transportation costs Airfare, or any other transportation for you and your family2. Moving costs Packing, movers to transport goods, and unpacking3. Housing aid Assistance with house sale (if applicable) and finding areas to live in the new location4. Assistance with settling the family (if applicable) Finding new schools, spouses career advice.Remember, there are parts of the executive relocation package that are negotiable. For example, getting temporary housing if you cant find a house right away. When negotiating, have your facts and figures ready, down to the penny.Also beware of the hidden costs of a move. For example, temporary housing is not always a part of the package but can be very helpful if it is difficult to find housing.I recommend speaking with a realtor about the area you are moving to, especially when children are in the mix. Another trap lies in the house hunting tr ips usually there are only two included. That is a lot to get done in a short period of timeAlso, ensure you know the timeframes for refunds. Missing them can be costly. Read the fine print in your relocation package, and youre all set to jet