Chris Wodke
Are you faced with the need to relocate? Your present employer is closing your locations, but you have been offered a spot at another location or you are unemployed and have a job offer in another city. Should you take it? Here are some factors to consider:
Compensation
Consider the cost of living and the compensation package. If you are being asked to move from the Midwest to one of the coasts you will need a higher salary. If this is not being offered you are essentially taking a cut in pay. Costs for housing, groceries, gas and taxes vary widely. Check an on line calculator to determine costs of living in your new location.
Moving Cost
Is the company compensating you for the cost of the move? Expenses can add up quickly and include: fees for selling and buying real estate, moving supplies, hiring movers, fees for canceling leases or cable contracts. There may be some house hunting expenses as well. You will need to stay somewhere while you are looking for a new place to live. A typical move costs my company around $50,000. Find out if you can afford to relocate to another city. Many company pay all or a portion of the expenses of moving. Be sure to negotiate this important benefit.
Quality of Life
Is the move taking you closer to family or farther away? Will you be living in the country or in a large city? Will you have a longer or shorter commute? Average commute time in Milwaukee is 20 minutes. It is over an hour in some parts of the country. Are there opportunities to do the things you want to do? If you are a skier, a move to Denver may be heaven. Determine the quality of life issues that are important to you and your family and evaluate the move with these issues in mind. Ask to talk to some employees living in the proposed location to get their viewpoint on daily life.
Schools
Some locations have such bad public schools you have to send your kids to private schools. If you have school age children this can be an important factor. If you want to advance your education, check into the availability of local university programs. Find out the local opportunities for professional development such as professional societies and networking events.
Opportunities
Is this move good for your career? Is it a promotion? Are there lots of opportunities for advancement? Some areas of the country like Dallas or Atlanta offer many more job opportunities than available currently in the Midwest . If you lose your job, what are the prospects for local employment? A move to Detroit right now would not bring you to an area with good area wide opportunities.
There are a lot of things to consider when making the decision to relocate. Be sure to do your homework and think through all of the benefits and down side to making the move.
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