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Old 02-10-2012, 11:04 AM
 
48 posts, read 28,055 times
Reputation: 21

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Based upon current economy, supply/demand, etc. What does a current relocation package for a product mgr/sr. product mgr w/ 15 yrs. exp. look like in the metroplex area?

Has anyone been offered a relocation pkg in the last year and what did it include? Thanks! It seems some locations offer more. others less, based upon the general need.

We're trying to figure out if it is even feasible to think about a relocation from the midwest knowing it will take time to sell a house.

TIA

Last edited by Midwest runner; 02-10-2012 at 11:22 AM..
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Old 02-10-2012, 11:25 AM
 
563 posts, read 730,790 times
Reputation: 644
I got up to 10% of my base salary that could be used to reimburse lease breaks, moving expenses, child care, temporary lodging, trips to look for housing in the new area, and a few other things. They didn't offer a full pack moving service. They did offer a discount on one but I found a better deal even counting the discount. They offered home selling services but they were pretty tame. They just basically set you up with an agent. We decided to rent our old home so that ended up being a non-factor.

EDIT: BTW, I'm not a project mgr. I'm a senior-level software engineer.
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Old 02-10-2012, 12:31 PM
 
Location: plano
3,492 posts, read 3,213,930 times
Reputation: 2491
Quote:
Originally Posted by Midwest runner View Post
Based upon current economy, supply/demand, etc. What does a current relocation package for a product mgr/sr. product mgr w/ 15 yrs. exp. look like in the metroplex area?

Has anyone been offered a relocation pkg in the last year and what did it include? Thanks! It seems some locations offer more. others less, based upon the general need.

We're trying to figure out if it is even feasible to think about a relocation from the midwest knowing it will take time to sell a house.

TIA
Oil and gas jobs typically include a relocation package. Thet typically do get involved in selling the house at the former location. Some companies like to pay a lump sum as the responded montioned while others reimburse for expenses incurred to move other than the house as mentioned.

Those that reimburse for expenses cover moving cost, temporary living expenses, trip to visit the city, a lump sum to cover incidentials like the replier mentioned. House disposal is what is typically excluded. The policiy for moving executives of the company from one location to another is more generous than policies for newly hired professionals which is what I am addressed in my comments since that appears to be the question asked by OP. Many moving to a new company wil be renters so the house sell is not a factor.
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Old 02-14-2012, 08:51 AM
 
4 posts, read 6,883 times
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We are currently negotiating a relocation package with my husbands company. We decided against asking for a lump sum because it will be taxed and instead are asking for them to pay our moving expenses including realtor's fees to sell our existing house, moving company expenses, storage, rent if we don't find a house right away and at least one trip to Dallas to look for a house. We also are asking for a signing bonus to cover any other incidentals. In putting together our package we used a relocation specialist who has worked for a lot of the large companies in our area.

Our biggest concern is selling our house. Unfortunately, this is something very few companies will help with. We also live in the midwest and the time frame for selling a house averages 9 months so it is entirely possible that my husband will end up renting in Dallas while I stay with the house until it sells.

Not sure if this helps, but my husband is in IT and designs computer storage architecture.
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Old 02-14-2012, 09:19 AM
 
Location: McKinney
4,302 posts, read 3,706,329 times
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At this point with the economy where it is, there's no such thing as a "typical" relocation package. In 2006/2007, it was pretty common to get a total relocation package with movers, realtor services, 6 months apartment rental, etc.

Now, you really need to be worth the expense to the company if they will entertain any ideas of paying for relo. Best you can do is ask your prospective employer what they are willing to offer when negotiating salary, or if this is a job transfer for the same company, it should be easy to find out through HR what is available for your job title/pay level.
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Old 02-14-2012, 09:33 AM
 
563 posts, read 730,790 times
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Quote:
Originally Posted by rnelso1 View Post
We are currently negotiating a relocation package with my husbands company. We decided against asking for a lump sum because it will be taxed and instead are asking for them to pay our moving expenses including realtor's fees to sell our existing house, moving company expenses, storage, rent if we don't find a house right away and at least one trip to Dallas to look for a house. We also are asking for a signing bonus to cover any other incidentals. In putting together our package we used a relocation specialist who has worked for a lot of the large companies in our area.

Our biggest concern is selling our house. Unfortunately, this is something very few companies will help with. We also live in the midwest and the time frame for selling a house averages 9 months so it is entirely possible that my husband will end up renting in Dallas while I stay with the house until it sells.

Not sure if this helps, but my husband is in IT and designs computer storage architecture.
The lump sum is taxable but you write off your moving expenses so you really only get taxed on the amount of the lump sum you didn't spend on moving. I liked that route because I found it rather easy to collect enough legitimate moving expense receipts to cover the lump sum.
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