Facing relocation is a daunting task at any time. The logistics of selling a home, moving to a new area and buying a home are all stressful. Add to that the stress of relocating for a job and it’s not surprising that some employees, when faced with this decision, opt not to go. At times this decision is made knowing that a refusal means the loss of a job. Each employee must weigh the benefits and costs of a move as well as their personal feelings of attachment to an area. This can be even more difficult when a spouse and children are involved.
While there are a number of factors that play into the decision of whether to relocate for a job, many are related to compensation. Many companies offer some incentives for relocating employees, but it is important to note that not all incentives are created equal. For example, those moving internationally may need much more assistance both personally and financially to make a smooth transition. With over half of the companies surveyed having employees decline to make a move, it is interesting to see the factors that play into that decision.
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