4 Signs Moving For A New Job Is A Horrible Idea

1. You just bought a house and you're stuck in a mortgage.

Black women and millennials have been found to be "leaders" in homeownership in recent years, with homeownership among Black women seeing an average year-over-year growth rate of 10.4% between October 2018 and September 2021. As many as 800,000 fewer moves occurred last year, The New York Times reports, which is “a direct result of what economists call the ‘rate lock effect’ or the ‘golden handcuffs.'"

Families have postponed moving to larger homes, and households “hoping to trade up” have paused plans. And a lot of people have been “sitting on the sidelines, waiting and watching.”

If you're among those who have recently bought a home, it might be a better idea to simply find new work within your community or a neighboring community versus uprooting your family (and waiting on a very tricky real estate market for your home to sell). Another idea: Get a remote job.

On the other hand, if you're okay with renting your home out short-term via Airbnb or even long-term as an investment property while you solidify your new spot, and the new company is willing to cover your moving expenses, consider the relocation. There are several risks with this, but it's something to think about if you're a homeowner who's dead set on getting a fresh career start elsewhere.

2. Your expected quality of life and pay might shift in a way that's just not worth it, especially for an international move.

There's always a lot of banter about "elevating" your quality of life by working abroad, but there are several things to consider before doing that, especially when it comes to pay.

A Harvard Business Review survey found that MBA graduates, for example, who had moved internationally “once or twice after their MBAs” saw their pay increase less than graduates who stayed in the U.S. Researchers further stated that the findings “challenge the notion that broader international experience will automatically be rewarded with higher compensation.”

Also, a move abroad can mean giving up major things you care about to gain other things. Does working near a beach involve higher prices for everyday groceries you're accustomed to? What about easy access to Wifi, electricity, and water?

Will you be paying more compensation for infrastructure issues than you would if you've remained in the U.S.? What does a good quality of life really look like for you outside of work? What amenities and freedoms do you value, and how much do those things cost in comparison to what you're used to paying for them? If all of this will cost more than what it's worth, a move abroad to work might not be a good fit for you.

3. You work remote, so your location is already flexible.

If you're already working a good remote job, why relocate for a new gig? Experts say that remote jobs are “still plentiful for white-collar workers,” and if you're among those professionals, you already have a bit of a leg up when it comes to flexibility anyway. You can basically find another position, working fully remote, and you won't be locked into one location.

If you're looking for a more traditional way of working, where you're in an office, face-to-face with teammates, and going to happy hour after you clock out, moving for a new gig after remote work burnout sounds like a good idea. But if your issues are due to your remote job not paying enough or the type of remote work you're doing, it's a better idea to simply look for remote work at a different company, apply for different roles, or go freelance to allow yourself more creative authority.

4. The new company offers no financial assistance to move.

If 64% of professionals reported receiving compensation to move last year, trust me, there are companies that will cover some if not all of your expenses. Remember you're uprooting your life and that of your family members, so getting those expenses covered is a must. If you're already struggling financially (or a major move to another city, state, or country for work will cut into a huge chunk of your savings), reconsider a move if the company won't offer at least reimbursement for your moving fees.

Also, oftentimes, companies that don't offer such perks also skimp on prioritizing work-life balance, competitive healthcare benefits, and other basic amenities that should be afforded to quality talent such as yourself. Take the warning and look elsewhere.

Relocating for work can be a great experience and the best decision of your life, but if there are major red flags that are either telling you to stay where you are or, at the very least, postpone a move until your circumstances allow for it, it's best to take heed.

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