Relocating for a job opportunity can present both challenges and opportunity. While you'll have to adjust to a new environment and cost of living, you also have the chance to negotiate your salary. In fact, you might want your new employer to take on the costs associated with relocating, such as travel expenses and rental housing. Bartering successfully will require that you are well prepared and persistent.
Ask about a possible relocation package before you negotiate a salary increase. With this information, you'll have a better understanding of how you should prepare to negotiate. If the company often relocates, you can negotiate to have most of your moving costs covered. If the company does not relocate often, you might have to draft a relocation package of your own.
Maintain a folder that contains all receipts, bills and vouchers related to your moving expenses. Remember that these expenses can include, but are not limited to, real estate services for buying and selling, shipping of furniture and automobiles and transportation fees. Having these on record will help substantiate your case for a pay raise.
Gather information on the cost of living in the city where you new job is located and base your request for a raise on that. Traditionally, a 15 per cent pay increase is reason enough to move to a new location. But a cost of living that higher than what you're used to can offset that 15 per cent raise.
Write a letter or e-mail to your employer to set up a meeting during which you'll discuss your salary. Avoid discussing the matter any further than that until you are given a designated time and place.
Express your appreciation for the position you hold before you talk money during the meeting. Make it clear that you value your job and intend to keep at it.
Present your record of expenses related to relocating. You might accompany your folder of bills and receipts with a spreadsheet listing each cost.
State which costs you'd most like to be compensated for in the form of a pay raise. Realistically, the company might not be prepared to take on all your moving expenses. But if you express that a particular aspect of the move has become a financial hardship, such as selling your old home, you might be granted a salary increase based on that alone.
Discuss your goals for helping improve business for the company and be persistent in reminding the employer of why you were hired. This is important before, during and after negotiations, because the employer will need to feel that what you are given in the form of a pay raise will be returned in the form of hard work. It's not likely that you will be given something for nothing so expect to give back.