Negotiating a relocation deal
I am awaiting an offer from my employer to relocate my family and myself to their headquarters. I expect to accept the offer if we can work out a reasonable compensation. Have anyone else experience doing this and how were you compensated?
Not my usual full name
The maximum to expect would be:
I got screwed on a relocation deal once. The clause was "you have to stay with us for a year or repay the entire amount". The company was bought out almost immediately after relocation, and I was stuck in a "waiting for layoff" situation. I was forced to do nothing for a year, gaining no experience. Luckily, it wasn't that bad, but it could have been a disaster. Also remember that your future employer may hire very expensive movers. If it's a $5k moving bill, you have to stay for a year or come up with $5k AFTER TAXES. Even worse if they do a "gross-up", paying the tax you owe on the moving benefit. You can wind up BEHIND several thousand dollars if you don't stay for the full repayment period.
Thanks, both of you. I am not planning to base my position on common practice, but rather what I believe is reasonable, and leaving my home prematurely when market conditions are bad sounds like a pretty good reason to ask for compensation.
If you have to buy/sell a house, the real estate commision could be very expensive. The company needs to pick this up. Also, in the US, sometimes moving expenses are taxed as income. The best way to work around it is have the company pay for everything, or have them reinburse you for your taxes. I've seen it done both ways.
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