Job Relocation 101
Moving somewhere new for a job can prove to be challenging. The thought of packing, sorting, and giving your life an overhaul can be daunting. But relocating offers a fresh perspective and plenty of opportunities for growth. As the saying goes, “new can be better” may prove to be true. And with a few handy tricks outlined below, anyone can make the transition as smooth as possible.
- Ask for help with relocation
Sometimes, relocation packages are not offered by the company. This should not dissuade you from negotiating for one. Present your case with supporting information. Be clear about your needs. Whether its reimbursement for expenses in transportation or cost for temporary housing. - Clarify the details of the relocation package
Take the time to learn everything about the relocation package. As there is no standard when it comes to what a company can offer, make sure it will cover the basics. Ask if finding housing is included, or if transportation costs are covered, and other similar details. - Take the time to research
The cost of living from city to city differs. Make it a point to know if you can actually afford to live and work in the new city you are relocating to. Check if your compensation covers the differences of living cost. And if you can, take the time to visit the city you are relocating to. Explore the area and gauge if it matches your lifestyle. - Check if you qualify for moving tax-deductions
Figure out if you qualify for moving tax- deductions. Moving tax deductions are applicable if your case fits the following:
- The relocation is due to a new job
- Your new home is at least 50 miles from your previous home and place of employment
- The job is full time for at least 39 weeks from the last 52 days of the relocation.
Meanwhile, self-employed individuals need at least 78 weeks of work over the last 2 years to be eligible. Check the IRS Tax Topic 455 to find out more.
- Avoid long-term commitments
It is not a good idea to buy a house or sign a long term lease upon arrival. Take the time to adjust to the waters first before committing to anything long term. Renting instead of buying makes more sense as this gives you more room to adjust for the future. A good step to make is to ask about temporary corporate housing from your new employer.
- Put down everything on paper
The key to getting organized starts with a piece of paper and pen. With a to-do list, you get to focus your tasks, maximize time, sort out your things, and keep everything you need to remember close by. But the most important thing about a to-do list is that it will give you a sense of direction what to do first. And all it is on a single piece of paper.
With these easy steps, relocating to somewhere can be the start of great things for you. And all it takes to make the most of it, is preparation and a clear head.
Sources
http://www.forbes.com/sites/jacquelynsmith/2013/11/20/8-tips-for-a-successful-job-relocation/#6f50e3e225b1
http://www.mscareergirl.com/2016/06/14/job-relocation-tips/
