Some Thoughts on Moving and Work

This week was super busy so I wasn’t able to get one of my regular posts finished. Instead I thought we’d so something a little shorter and a little easier regarding working and moving for work. With the new job hunt just around the corner, they’re on my mind a little bit more.

Why look around for a new job?

It might just be that I’m the kind of person who has no problems with trying something new at least once, even if it doesn’t work out in the end, but I’ve moved for jobs in the past. It was one of the reasons that I started this blog after all. But I think there are two larger reasons to look around for a job outside of the area you’re currently living in.

Trying things on for size before commiting

The first reason is simply that it lets you try out living in new areas. If you’re planning to move in retirement it might not be a bad idea to get a job in that new area just to make sure that you actually like it. For instance, while retiring to Illinois wasn’t really a plan that I ever had, for all I knew I would have loved it here once I moved. On the flip side, Oregon is one of the few places I’m considering for retirement. So I include it in my job search. If I get a job there and I like it, it will make it easier to stay. But if I don’t like it, I know in advance to update my list of places I might retire to.

This may not work for you if you already live in the area you plan or want to retire in. But even then it may be worth it to try a new area on for size. You never know if you might like it more than your current one.

It also can also be a way to get paid to do some traveling. For instance, I got all of my moving expenses covered by my signing bonus. Essentially, I got all expenses paid to travel out to the midwest. Now I can travel regionally for a lower price. For some, it may be a good way to get some of your traveling in while you’re still working at a more affordable price.

A Bigger Net Gives Better Catches

I invest in index funds because I want to maximize the amount of potentially good companies that I own shares in. The index will purge the bad ones while letting the winners rise. Having a larger net allows me to find the best set of job offers. If I limit my job search to just the local area, I’m limiting the number of potential job offers I receive, which lowers the amount of bargaining power I have when negotiating final pay as well as potentially missing out on a larger overall salary.

What Criteria do I have?

I don’t have a huge set of criteria when I pick new places to look at. I usually look at the number of jobs in the area, whether I think I’d like to live there, and rough cost of living.

The last point is probably the hardest to figure out. I usually just take a ballpark cost of living cost in the area compared to the average salary of the kinds of positions I’m looking at in the area. If the adjusted amount is not in the ballpark that I’m looking for, I might not be looking too hard there. I may keep it on the list, but my standards are going to be higher for the salary.

It’s only for a bit

The other thing is that if I do take a job somewhere and I don’t like the job or the area, it is only for a few years at most. I can always start looking for a new job a few years down the road. Depending on where you are in your career it may only be one year or it could be longer.

Conclusion

That’s kind of it for what’s on my mind at the moment. Just been thinking about where I’m going to look in my next job hunt which will be starting in a few months.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *