Wednesday, October 6, 2010

How much can you squeeze out of your new company?

You've been recruited by a great company. The location is good, cost of living much lower than where you are now. Career growth opportunity abounds. The comp package works well too. Now comes the whole relocation thing. Most new hires can expect to have their household goods moved, including cars. Don't expect them to move your beloved horse or your ski boat. They will put you into temporary housing, usually for 2-6 months, depending on your employment level. You can expect an apartment situation, don't expect them to move you into a single family home for six months. Don't expect them to BUY your house outright. That can happen, but almost always involves an existing employee and an internal transfer. Most top pharmaceutical and medical device companies will cover closing costs and realtor fees for selling your existing home and the purchase of your new one. This does add up! Some companies offer lump sums to cover incidental moving expenses. Some companies will offer a nice signing bonus as well. When negotiating your new deal, don't get greedy. If this new company really wants you, they will offer most everything up front when presenting the offer. Work through your recruiter to iron out any rough spots. A lot of back and forth and asking for too much is a bad way to start a new job.