Relocating for a job to advance your career can be empowering. That’s true whether your new position will be across the state or across the country. But relocating can be stressful, too. Thankfully, relocation assistance and temporary housing while you settle into a new company or a new community can make your move easier.
Relocation for work is the most common use of corporate housing in the United States. In fact, relocation is the purpose for 35% of all corporate housing bookings, according to the Corporate Housing Providers Association.
So what relocation assistance is appropriate to ask for in a relocation package? And how do you ask for it? Here are some issues to consider, whether this is your first job relocation or you’ve been through the process before.
Negotiating Your Relocation Assistance Package
Making a job move can be expensive. Many employers offer relocation assistance automatically. These employers will often have predetermined allowances for expenses: moving and storing household goods, travel, lodging while on the road, temporary housing while you look for a new home, etc.
Programs administered by human resource departments might dictate exactly how much can be spent or reimbursed – as well as where, when, and for what and whom that money can be spent.
If you work for or will be working for one of these employers, negotiating beyond the terms in place may be challenging.
But most employers, even if they do not have a program in place, know they need to offer some type of relocation assistance. With these employers, negotiating a relocation package is key. That negotiating can be overlooked if left to the impulse of the employer. Advocate for what you need. Ultimately, that’s in your and your employer’s best interests.
Employers that do not have relocation-assistance programs may simply offer a lump sum to be spent as you choose. Some employers may offer a percentage of your first year’s salary to help with expenses.
Will Your Employer Pay for Temporary Housing?
Regardless of whether your employer has a program in place, you’ll want to advocate for temporary housing in your new location. This is especially true if you’ll have to sell a house in your old location and buy a house in your new location.
During a corporate move, you don’t want to make a rash decision on a new house because you were pressured to get out of a hotel quickly. Easing into your new position and your new location is stressful enough without having to worry about where you will be resting and recuperating.
Corporate housing, in such a case, can combine the amenities of a hotel with the comforts of a home for several months. The average stay in corporate housing in the U.S. is almost three months – 86 days, to be exact.
Also, corporate housing is generally less expensive than a hotel. The average daily rate for corporate housing in the U.S. was $150 in 2016, according to corporate housing providers. Saving yourself or your employer money is one great way to start off a new job.