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Assisting Decisions Regarding Employee Relocation with Facts and Figures
from:There are so many variables to keep track of when trying to make a decision about employee relocation, without facts and figures to assist your decision making process, you might as well just flip a coin. Not only do you need to be aware of all the things your employee relocation package is offering you but also, everything that it doesn't include that you might need it to.
Any offer, whether it's from a current employer, a prospective employer or a corporate headhunter, should be considered first in the context of cold hard cash. Will you be getting a pay raise? How does that compare to the cost of living in the new area versus your current level of expenses? Even if you're able to make a profit on the sale of your home, will you be able to buy a home in the new area with the proceeds? When considering the cold hard cash aspect of employee relocation, facts and figures are indispensable. Making a chart to assist your decision making process is never a bad idea.
You'll also want to consider how it will impact your personal life. If a young single person, this might mean very seriously contemplating the quality of life in the new town versus your current home. You may have personal relationships or family duties that make such a move impossible. On the other hand, you may be craving life in a bigger city or a more temperate climate. For those who've not set down root yet, the best thing that could happen to you might be employee relocation, facts and figures be damned.
On the other hand, a more rational approach is usually called for when dealing with mid-career executives and those with families of their own. Not only will the wishes of a spouse and children need to be considered, but when considering a package that includes employee relocation, facts and figures that suggest it might be to your financial advantage to do so will be of little use if your spouse is dead set against it.
In the end, it will take a long time to make a list of all the expenses that you might incur during employee relocation. Facts and figures don't lie, though. Be as thorough as possible when considering an offer of assistance. If it's not in writing, then it's just a promise. Once you have a piece of paper that gives you a clear outline of what you will and won't be paying for, who will be assisting your with the move, what services are not covered and what you'll be responsible for paying taxes on (never, ever forget the tax man), you'll have a better idea of just what a good idea this opportunity really is.
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Employee Relocation Directories News
Illinois Manufacturing Jobs Increased a Half Percent Over Past Year - MarketWatch (press release)
Illinois Manufacturing Jobs Increased a Half Percent Over Past Year MarketWatch (press release) 7, 2012 /PRNewswire via COMTEX/ -- Following several years of declines, manufacturing employment in Illinois rose a half percent over the past twelve months according to the 100th anniversary 2012 Illinois Manufacturers Directory®, an industrial ... |
Manufacturers' News Announces Launch of Industrial Expansion and Relocation ... - MarketWatch (press release)
Manufacturers' News Announces Launch of Industrial Expansion and Relocation ... MarketWatch (press release) MNI's US Industrial Expansion and Relocation Guide is now available online at www.industrialexpansionguide.com and will appear in all 100000+ copies of MNI's long-published state manufacturers directories. "With so many US states offering business and ... |
Manufacturers' News Releases List of Top U.S. Cities by Number of Industrial Jobs - Sacramento Bee
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Reprieve for Walnutport personal care homes - Allentown Morning Call
Reprieve for Walnutport personal care homes Allentown Morning Call As of Friday, residents of two Walnutport personal care homes no longer are facing the threat of relocation, as the state has authorized a new company to operate the homes. Earlier this month, the Department of Public Welfare prepared to relocate ... |
4DMV.com Announces the Launch of Their New, Time-saving Department of Motor ... - PR Web (press release)
4DMV.com Announces the Launch of Their New, Time-saving Department of Motor ... PR Web (press release) The searchable directory of local DMV locations and hours remains, with new features that help users to retrieve DMV related information and complete documents that reduces time spent at their local DMV office. The new 4DMV.com is a portal of DMV ... |