Thursday, January 19, 2012

Relocating - What would be the scariest part of Relocating?

Relocating
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 new study by CareerBuilder. Of workers who were laid off in the last year and found new jobs, 20% 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 – 32% said they would be willing to pay to relocate new employees in 2012; 19% would be willing to pay a smaller first year salary in order to give a signing bonus to relocate an employee. While employers will move current staff and new hires for a wide variety of positions, the top areas for which they are most likely to pay to relocate employees are tied to technology and revenue-generation:

  • Engineering – 30% of employers
  • Information Technology – 23%
  • Business Development – 21%
  • Sales – 21%
  • Financial – 16%
  • Marketing – 13%
  • Legal – 11%

The majority of workers who relocated in the last year (77%) reported they were happy with the move and didn’t regret the decision. Workers reported benefitting in the following ways:

  • Made a fresh start – 30%
  • Made new friends – 31%
  • Had new experiences we wouldn’t have had anywhere else – 29%
  • Earning at a higher level gave the family more spending options – 27%
  • Better long-term career opportunities – 22%
  • Area is nicer and schools are better – 19%

Of those workers who relocated in the last year, 41% said their family didn’t relocate with them and they have to travel to see them. Top challenges associated with relocating included:
  • Cost of living is higher – 26%
  • More stress on the family unit – 24%
  • Difficult to make new friends – 18%
  • Feeling homesick – 16%

To help workers zero in on markets with the greatest demand for their skills and assess costs of moving to and living in a particular area, CareerBuilder launched www.careerrelocate.com. Through this new site, workers can:
  • Run a simple keyword or category search and view a map detailing where the most and fewest opportunities are for their line of work.
  • View actual relocation opportunities in different cities.
  • Learn what they would need to earn in order to maintain their current standard of living in another city.
  • Research homes, property values, mortgage quotes, moving and storage costs.
  • Tap into articles and advice on relocating and hiring trends.