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Would appreciate thoughts on possible relocation...???
I currently work in Operations in the beautiful Mile High City with a yearly salary of $64K with a 2-3% increase coming this year. I am also eligible for up to $10k a year in tuition reimbursement should I need it since I only have an AA degree. Also my family medical insurance costs me around $2040 a year.
Last week another company offered me a Production Manager position with a $65k a year starting salary, with up to 5% a year salary bonus, stock options, but they do not have tuition reimburement and it is in Atlanta, GA. They will pay up to $10k for me to relocate. Family medical with this company will cost me around $3840 a year here. They mentioned that their intent is to have me trained and then assume the position of Plant Manager. Once that happens I will then be eligible for a 10% salary bonus.
I am somewhat unsure on what to decide. What would you do??? I appreciate thoughtful and serious answers please since this is very important to me. ~ Thank you
I will be selling my home here and would buy in somewhere near Atlanta. I am moving my whole family.
It will cost around $3000 to move including my car. Atlanta versus Denver is about 10% cheaper to live there all the way around.
6 Answers
- JuanitavilleLv 51 decade agoFavorite Answer
This is a tough one. My step-son moved from Atlanta to San Francisco because of a great job offer. It turned out not to be so great and he moved back to Atlanta.
If I were you, and if it's possible, I would get the offer in writing from the new company. Your lack of education may be overshadowed by your business experience but an employer will always look for a degree. It sounds like you won't be able to afford further education without getting reimbursement from this new company.
The medical cost with the new company will cost you an additional $1800/year. So there goes your raise. Being ELIGIBLE for a 10% salary bonus does not mean you'll get it. You really have to read between the lines.
Also, you should check out the moving company you'll be using to see how much it will cost to move you to Atlanta. $10K sounds like a lot but you better check it out in advance to make sure it won't cost you a lot of your own money to move. Also, how does the cost of living in Atlanta compare with what it's costing you in Denver? Check out housing costs, too.
Good Luck!
I guess the question is how do you feel about moving to Atlanta? What other benefits does this company have that you couldn't find in a business where you are currently living?
- Anonymous1 decade ago
A $1000 difference in salary doesn't even offset the increase in cost of medical insurance. I agree with the other poster who said that $10K is not enough to relocate. There are always lots more expenses with moving than you think of at the outset.
Try to negotiate a higher salary and tuition reimbursement before making your decision. If the company is unwilling to negotiate, your best bet might be to say no and stay where you're at. Take advantage of your current company's tuition payment plan to get your degree. After you get your degree, you should be able to command a higher starting salary.
- 1 decade ago
Not sure if you're just moving yourself or an entire family...or if you're selling a home or just renting. In any event, I can pretty much assure you that $10K for a relo will probably not even be close to covering your expenses of moving.
It's a big decision to make for a lateral move salary wise.... I'd suggest laying out the pros and cons side by side on a piece of paper and seeing how things look at that point.
Good luck!
Ody - if you're just going to pack your crap into some paper bags and throw it in the backseat of your car then you're fine. If you're selling a house, you can count on at least $10-$20K in closing costs easily on that alone. So don't sit there and try to judge people just because they're more knowledgeable than you are. (PS, there's crime in every city...great insight you provided about Atlanta there).
Question Poster - you said you're selling your home. I've lived in Denver for about a year and the real estate market here seems very bad. Houses staying on the market for quite a while before they sell. You'll probably be paying a 5-6% commission plus whatever other closing costs you incur to sell your home. 5- 6% on a $100,000 home (if those exist in Denver) will cost you $5,000-$6,000. That was my point about $10K not being enough to cover a relocation.
Best of luck to you!
- rann_georgiaLv 71 decade ago
Well, Atlanta does have it's problems but every city does. If you're looking for crime, you'll find it. But, I don't think the crime rate is high.
Atlanta has about anything you can think of and like Rome, all roads lead to Atlanta. The downside would be the commute and being stuck in traffic.
You'd probably want to look at buying on the north side or sub south. Fulton county has some very nice homes but they have the highest property taxes in Georgia. Cobb county is north and north west and also has some very expensive homes but high taxes. Plus, I've heard all these stories of bad cops in Cobb.
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- Anonymous1 decade ago
Well, this really depends on you. Atlanta has loads of crime. Denver might have crime too. I don't know. Do you have kids? You might consider the educational system. Again Georgia is in the hole. The guy above me said 10,000 was not enough. HA!! What does he do? Rent a Rolls Royce U-haul? Or hire a bunch of slaves to move it? You can make it for 3000, and if you are picky 4,000. (I've moved all over the country.)