Things to consider before Relocating for a Job
Relocating to a new place along with your family, requires a lot of efforts, and brings a lot of changes in your social, professional as well as personal life.
Check out an interesting infographic below:
Graphic Citation
Relocation may help you save a few bucks on your taxes, e.g. if you are moving over 50 miles away from your old residence, you may be eligible to get some tax deductions.
However, you need to consider a lot of things before deciding on whether to relocate or not. You can not simply agree doing it just because your employer wants you to work there or you are just frustrated with your current boss, want to quit and consider a new job. You need to seriously think over a lot of factors that might get affected if you agree to relocate for a job.
1) How will relocation affect your spouse and kids?
If you are single, then choosing to relocate to a new location becomes a lot easier. However, if you are married and have kids, you need to consider the impact of relocation on your family. If your spouse is doing well in his/her career, how will your decision affect his/her career growth and future? Also, a change of school for kids can definitely affect them a lot. Getting adjusted to new school, teachers and friends does take time and efforts. If relocation holds better prospects for your spouse and kids then give it a go, otherwise you might want to think about your decision and possible options accordingly.
2) How will relocation affect your career?
Do you think you'll grow better in your career if you relocate to this new place for the new job? Irrespective of whether you are relocating for a job in your current employer or your new employer, it is always advisable to check out the prospects and growth analysis of your new job location. You can always refer to people working at your new office beforehand.
3) How will relocation affect your personal finances?
Even if relocating for your new job role gives you better salary and other allowances, it is advisable to check the cost of living at the new location. If you've been living in suburbs now, and considering relocating to a city, your cost of living is bound to go up manifolds. If you think you can manage the move and your personal finances in your new salary structure, you can consider the relocation.
4) How will relocation affect your lifestyle?
Do you love enjoying your weekends? If you are amongst those who follow the mantra "Work hard on weekdays and party harder on weekends", you must check the work culture at your new location. Many companies have a few "work-o-holics" who love to spend their weekends sitting in office, and if you become a part of their team, you can easily forget going your favorite hobby (like fishing!) on Sunday mornings. Again, it is advisable to refer to the people at your new office beforehand, and know the work culture there before considering to become a part of it.
5) Will your employer cover the cost of moving?
The cost of moving to the new location can easily put a bit of dent in your pocket, and it includes packing, moving, getting a new home at new location (depends on whether you rent it or buy it!) and getting a new mode of conveyance (like buying a new car, if you are moving to suburbs and the place doesn't have good network of public transport!), etc. Whether it is your current employer for which you are relocating or its a new one, you must always check with them the policies that cover the refunds and reimbursements on moving.
Check out an interesting infographic below:
Graphic Citation
Relocation may help you save a few bucks on your taxes, e.g. if you are moving over 50 miles away from your old residence, you may be eligible to get some tax deductions.
However, you need to consider a lot of things before deciding on whether to relocate or not. You can not simply agree doing it just because your employer wants you to work there or you are just frustrated with your current boss, want to quit and consider a new job. You need to seriously think over a lot of factors that might get affected if you agree to relocate for a job.
Let us have a look at some of these factors below:
1) How will relocation affect your spouse and kids?
If you are single, then choosing to relocate to a new location becomes a lot easier. However, if you are married and have kids, you need to consider the impact of relocation on your family. If your spouse is doing well in his/her career, how will your decision affect his/her career growth and future? Also, a change of school for kids can definitely affect them a lot. Getting adjusted to new school, teachers and friends does take time and efforts. If relocation holds better prospects for your spouse and kids then give it a go, otherwise you might want to think about your decision and possible options accordingly.
2) How will relocation affect your career?
Do you think you'll grow better in your career if you relocate to this new place for the new job? Irrespective of whether you are relocating for a job in your current employer or your new employer, it is always advisable to check out the prospects and growth analysis of your new job location. You can always refer to people working at your new office beforehand.
3) How will relocation affect your personal finances?
Even if relocating for your new job role gives you better salary and other allowances, it is advisable to check the cost of living at the new location. If you've been living in suburbs now, and considering relocating to a city, your cost of living is bound to go up manifolds. If you think you can manage the move and your personal finances in your new salary structure, you can consider the relocation.
4) How will relocation affect your lifestyle?
Do you love enjoying your weekends? If you are amongst those who follow the mantra "Work hard on weekdays and party harder on weekends", you must check the work culture at your new location. Many companies have a few "work-o-holics" who love to spend their weekends sitting in office, and if you become a part of their team, you can easily forget going your favorite hobby (like fishing!) on Sunday mornings. Again, it is advisable to refer to the people at your new office beforehand, and know the work culture there before considering to become a part of it.
5) Will your employer cover the cost of moving?
The cost of moving to the new location can easily put a bit of dent in your pocket, and it includes packing, moving, getting a new home at new location (depends on whether you rent it or buy it!) and getting a new mode of conveyance (like buying a new car, if you are moving to suburbs and the place doesn't have good network of public transport!), etc. Whether it is your current employer for which you are relocating or its a new one, you must always check with them the policies that cover the refunds and reimbursements on moving.
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