It can be difficult to figure out what to expect when planning a move around a new job situation. This is why salary negotiations are key to the relocation process. Remember that you need to take into account your entire family, taxes and additional relocation costs. Here are a few things to consider when negotiating salary before your move.
Is your mate giving up a job or a career? Will your job add extra compensation to allow for the fact that your mate needs to give up an income? How long will this bonus be awarded? Are there tax deductions for this type of set-up?
Obviously your new employer should be helping with your relocation costs, but packages look different depending on your position, the location and a wide variety of issues. Will your company pay for a pre-visit? Help you find housing? Ship a container? Put you up in a temporary apartment while you find a more comfortable home? Will they pay to ship the pets? Will they help pay towards a private international school? These are all conditions you need to discuss with your new employer or your company before you sign on the dotted line. Balance out the bonuses in relocation with the salary.
Make sure to speak with a tax expert in your new country and your home country. What will your take home pay be? What items are deductible? Which items in the relocation package will be subject to tax? Make sure you get a clear calculation on this so you can estimate the size of the budget you have to work with.
Cost of Living
Remember to keep in mind the cost of living in your new home. Your salary may not seem like all that on paper, but when you look around and see how you can live on that budget, you may be pleasantly surprised. You can live quite a luxurious like in some places on a smaller budget.
You will need to travel back and forth on more than one occasion with your entire family. Make sure there is room in your budget to travel with your entire family to your home country at least twice a year. This way you can go home for the holidays and stay connected with your family.