With the internet continually breaking down barriers, the job hunt has gone global. Your perfect job may be hundreds or even thousands of miles away, but while relocating may sound like a no-brainer, the fact is that many more factors go into the decision process than simply salary. Here are five questions to ask for determining whether relocating is right for you.
1. Can you maintain your standard of living?
It’s easy to get carried away by a salary offer, but the truth is that compensation is relative due to cost of living differences. For example, if your current salary is $50,000, you’d have to make more than $76,000 to maintain your current standard of living. Certain factors vary more than others.
2. Is the position stable?
Job security is never guaranteed, but some jobs have more potential than others in terms of security. Before accepting a position and agreeing to uproot your life, do your homework. Has the potential employer been in business for a long time? Are they financial solvent? Sources like Google news, etc can turn up useful information about whether the benefits of relocating for a prospective company outweigh any accompanying risks.
3. Are you prepared to pay for moving costs?
While some companies cover moving costs, this is becoming less common practice in today’s tight economy. In some cases relocation expenses are negotiable, so be sure to inquire about the possibility. And keep in mind: a company’s willingness to pay for your move demonstrates an appealing investment on their end.
If relocation coverage isn’t possible, don’t underestimate how much you’re likely to spend on the process. While costs vary by family size, distance, and your household goods. If you don’t have these funds set aside, it can make or break the possibility of a move.
4. How will your family be affected?
Let’s face it: moving is no fun. And even the most seamless relocation can place stress on the family unit. Keep in mind that the move isn’t entirely about you, but about all of the members of your household. Are the long-term gains worth any temporary stress and/or upheaval?
Be sure to check out everything from academic rankings to college matriculation statistics in advance in order to determine whether the schools, programs and resources are good. Also, don’t forget to take into account your partner’s career prospects, as well as your kids’ interests and activities.
5. Will you enjoy living there?
All cities and towns have their own unique strengths and weakness. Before agreeing to relocate, it’s helpful to first spend some time in the prospective city. Explore everything from neighborhoods and housing to shopping and attractions. This will help you get a sense of the local vibe.
Choosing to accept a new job is a big decision on its own, let alone when a relocation is involved. By taking time to think through all of the considerations, you can make a decision that will ensure both professional and personal fulfillment.