You’ve been given a chance to advance your career, but it will involve moving. It’s a great opportunity for you—but there may be downsides to pulling up stakes. Unless you know with total certainty you want to say ‘yes,’ think before you commit. You might say, “It sounds like a good opportunity, but I need to sleep on it before I give my answer,” or “I’m really excited about this offer—but I need to discuss it with my spouse first.”
As you think about whether to take the position, here are some factors that will affect your well-being should you decide to go all in.
1. Do an economic analysis. In a perfect world, changing jobs means more money and a better chance to get ahead. But that isn’t always the case. Beyond the obvious expenses—moving your belongings and selling your home (if you own it), consider the cost of living in your new community. You may be moving to an area where costs are considerably more than where you live now. Be aware of any difference and how it can affect your standard of living and saving.
2. Will your employer help? Check your benefits package. The company may cover some or even all of the expense to relocate. But what will you need to pay for? If yours is a two-income household, will your employer provide assistance for your spouse to find employment? If your employer doesn’t explicitly offer the kind of help you need, ask.
3. Research your new home town. What area would you be happy living in? You can learn a lot about where you are moving via the Internet. If you have children, research the schools. Which ones look like a good fit? Read the online newspapers, go to the visitors bureau website, check out the police maps of reported incidents. Social media sites, such as Facebook and Twitter, offer valuable insight into a community. Just search using the name of the town.
4. Know the tax implications. You may be able to deduct a significant portion of your expenses for relocation. To understand the ramifications, see this page published by the IRS that explains what may and may not be deducted when you file your return.
5. Have a plan. The process of relocation can be daunting, especially when you are working throughout it. Your employer may or may not give you some time off during the transition to get things in order. Regardless, start with a plan based on your move timetable. Know the tasks you will need to accomplish from start to finish. Consult the plan daily and stay on top of the details.
6. Get involved in your community. A transition to a new job and new home comes with great opportunity to make new connections. Ask your work associates about the local organizations such as houses of worship, civic groups or clubs, and volunteer organization serving worthy local causes. Join one—the friends you make will help you feel at home and you’ll know you belong.
Essentially, a successful job relocation begins with a well-informed decision to accept the position. Go into it with eyes wide open and you’re much more likely to find the fulfillment you want in your home and your career.
After you’ve said yes to that new job, contact us or request a free moving quote to get your New Orleans corporate relocation started!