Image by Freepik
So you just got offered an exciting opportunity at work, but it requires that you move. It’s nerve-wracking, it’s a hassle, but it’s so appealing. A larger salary, a better position, better benefits, a breath of fresh air… Would it be worth it? Consider the following seven factors and see if you’d be happy with that return on investment.
The general cost of living
When you’re considering a job opportunity in a new city or country, it’s vital to first explore the cost of living specifics of your prospective location. While an increase in salary might seem appealing, remember that it might not actually mean more profit for you – it might just be your old salary’s value adjusted for the price of the new living area. Your cost of living can greatly differ depending on whether you’re opting for a more serene town or a bustling city with an array of conveniences. Overlooking the intricacies tied to this elevation could catch you badly off guard.
Factors to keep in mind when crunching the numbers should encompass your housing situation, whether you’re renting or investing in property, the potential expenses tied to utilities, transportation, health insurance, nourishment, and entertainment. Remember to include other essential outlays in your calculations, e.g. savings or retirement provisions if they are part of your financial planning. Dissecting all these elements might seem tedious, but it lets you make a well-informed decision regarding your new career without being blindsided by unforeseen financial challenges.
Transport options
Considering the transportation aspect is pivotal, particularly when relocating to a large and/or busy city where daily car drives might not be the best idea. In such cases, take some time to mull over the convenience and efficiency of various available transportation modes in the immediate vicinity of your new workplace, your potential new home, as well as in the general area.
The duration of your daily commutes is another related factor that deserves thoughtful contemplation. Mapping out the time it takes to travel between work, your residence, social circles, entertainment hubs, and daily errand spots is essential.
Take note of bus schedules, subway routes, and other relevant maps to make sure you’ll remain punctual and well-oriented during your commutes. On the one hand, this minimizes the likelihood of delays or getting lost, while on the other, it demonstrates to your employer that you’re adaptable, well-prepared, and prudent. Make your transport choices strategically, in alignment with your daily routine. That way you can streamline your transition into your new environment while ensuring a smooth and time-efficient commute to work and other essential destinations.
Choosing the right accommodation
Evaluating your accommodation needs is a pivotal step when contemplating a work-related move. The first concern to address is whether you intend to lease a residence or have the financial capacity for property ownership. For those considering rental arrangements, a crucial factor is gauging the monthly expenses against your budget. This factors into the cost of living question. For example, reasonably priced apartments for rent in Aurora CO might have vastly different price tags for the same square footage in Miami FL.
On the flip side, if you’re leaning toward property ownership, recognize that you’re making a more enduring commitment to your new location. That carries implications that stretch into the long term, even in the event that the job you relocated for falls through. Your accommodation decision significantly shapes your living experience in your new environment, and could turn out to be a real ball-and-chain if you’re not mindful. Take the time to weigh the pros and cons meticulously before making a choice, and aim for one that resonates with your aspirations and financial standing.
Potential effects on your relationship
If you’re in an ongoing partnership, it’s crucial to have an open and honest discussion with your significant other before embarking on a life-changing relocation. Take into account the implications of the move on both of your lives. Consider your partner’s job situation, other factors keeping them rooted (e.g. supporting family), and whether a long-distance relationship would be sustainable.
Weigh the possibility of them joining you in the new location and the potential opportunities that await them there against the risks and sacrifices they’ll experience if they uproot their own life to follow you. These conversations are uncomfortable, yes, but if you neglect to have them well in advance of decision day, you risk a lot of stress, resentment, and even the end of your relationship.
Educational opportunities
For families with children, the quality of educational institutions will heavily influence the decision to relocate. It’s vital to ensure that your move doesn’t inadvertently lead to subpar schooling for your kids. Research the educational landscape in your destination city in-depth. Make a list of the schools available in the prospective area and gauge their suitability for your children’s needs. This process might involve weighing the advantages of public versus private education, considering the long-term benefits each option could offer, comparing curricula, etc. It’ll be difficult enough for the little ones just changing environments and social circles, so you have to make sure they at least land in a good spot.
Visiting your loved ones
Relocating typically entails potential costs associated with visiting the family and friends who stay behind in your old area. These expenses might include bus or airfare fees, gas prices, vehicle maintenance etc. depending on the distance and mode of travel. While such expenditures might not be immediate or frequent, they do stack over time, so they merit consideration when making the move. Make an appointment with your employer to ascertain the details of your time-off policy. Clear information on when and how you can avail leave will enable you to strategically plan your visits to loved ones. This proactive approach ensures that you can allocate your time and resources efficiently, making it feasible to maintain those cherished connections without unforeseen disruptions to your new work commitments.
Professional growth opportunities
Uprooting your life requires a certain degree of confidence in your career path, avoiding the risk of job loss or stagnation. In other words, if you’re considering a move for a career change, cement your job stability before you commit. This means chances for moving up as well as reassurance that your current position won’t be taken away. Have a conversation with your prospective employer regarding the opportunities for career advancement within their organization. Inquire about the available pathways for progression and the typical timeline for promotions. Getting up-to-date insight into the prospects for growth can bring a whole new perspective to the possibility of relocating. You wouldn’t turn your life upside down only to get stuck in a professional rut with no long-term prospects.
Wrapping-up
After all of this, you should have a pretty clear idea of what to expect from the relocation and how much value it would actually add to your life. Some factors might be more or less relevant to you – e.g. maybe you’re not a parent – but they are nonetheless pieces of the bigger picture. Take your time to think everything through and if it looks good, go for it!
