Relocating for Work? Here’s What You Need to Know

While it might be exciting to move to another city because of a new job, there are certain factors to carefully consider.  The following post tells you what to look out for.

When you land a position in a new city, state or even country, there are two things you must immediately do: 1. Have a beer (or two or three) with friends to celebrate. 2. Start planning the move. On second thought, maybe stick to just one beer, because there’s a lot to think

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Relocating for Work? Here’s What You Need to Know

Higher Home Prices Likely to Lead to Surge in Employees Quitting Jobs

John Challenger of Challenger, Gray & Christmas

With the recent report on home prices showing the biggest year-over-year gain in more than six years, one employment authority predicts a surge in relocation by job-seeking homeowners in 2013, which could ultimately help to accelerate the decline in unemployment rates.

“One factor that has kept unemployment rates high has been the inability of underwater homeowners to relocate for employment opportunities.  With home prices bouncing back, even those who may now simply break even on a home sale might consider moving to a region where jobs are more plentiful.  This could spark a more rapid decline in the unemployment rate over the next year,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, Inc.  Continue Reading

Job Search Tips When Relocating

Are you not having much luck with your job search where you live?  One option to consider is relocating.  While it may seem like a disadvantage to find a position where you don’t reside, there are ways to improve your chances.  Here are some tips for searching for a job in a new location. Continue Reading

Inability of Unemployed to Relocate One of Biggest Obstacles to Economic Recovery

After rising to its highest level in nearly two years during the first half of 2011, the percentage of job seekers relocating for new positions dropped to a near record low to finish out the year. The latest data provides further evidence that one of the biggest obstacles to economic recovery could be the lack of mobility among the nation’s unemployed.

Over the last two quarters of 2011, an average of just 7.5 percent of job seekers finding employment relocated for their new positions. That is down nearly two points from an average relocation rate of 9.4 percent in the first two quarters of the year. It was slightly lower than the same period in 2010, when 7.7 percent of job seekers relocated for new positions. Continue Reading

Employers Willing to Pay for Relocation

As 2012 ushers in an improving, but still highly competitive job market, more workers may be looking beyond their own backyard for employment options. Forty-four percent of workers said they would be willing to relocate for a career opportunity, according to a new nationwide study. Of workers who were laid off in the last year and found new jobs, 20 percent relocated to a new city or state.

At the same time, employers struggling to find workers for skilled positions said they are willing to pay to bring talent to their locations. Thirty-two percent reported they would be willing to pay to relocate new employees in 2012. Nineteen percent would be willing to pay a smaller first year salary in order to giving a signing bonus to relocate an employee. The national survey was conducted from November 9 to December 5, 2011 among more than 3,000 employers and more than 7,000 workers. Continue Reading