Thread regarding Wells Fargo & Co. layoffs

State Transfers?

Has anyone transferred or applied to a position that was open in another state? When given the offer did you say you wanted to relocate to one of the additional locations and did the amount of money they offered you change with locations?

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Post ID: @OP+1hVC2CIb

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We just hired an internal candidate in another state (not a hub for our biz group) and gave them $10k for relo. Comes from the biz budget. Thing I don’t get is we weren’t supposed to hire outside of our hubs. None of this makes any sense.

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Post ID: @uds+1hVC2CIb

$0 for relocation is the budget you'll be given. If you want the job you should be willing to move at your own expense for it.

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Post ID: @rxu+1hVC2CIb

I just happened to apply for an architecture job in Summit, NJ and spike with out recruiter. I live in the midwest. No relocation money, no cost of living adjustment (18% higher), and I'd have to be on site in a month. They are not acting like a company desperate for talent. No thanks.

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Post ID: @ylg+1hVC2CIb

I can't speak to the money, as I didn't change jobs, but I was paid out all my unused PTO when I moved from CO to OR, due to differences in the states' PTO laws.

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Post ID: @dxt+1hVC2CIb

In my experience those who are allowed to relocate on their own from a low area differential location like SF to a higher one like DSM or CLT will not have their salary adjusted but it it can affect future merit raises because such a move tends to put you on the upper end of the salary range.

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Post ID: @dur+1hVC2CIb

It depends on what it says. Some positions require you to relocate at your own expense if you aren't in one of the posted locations. Salary is based on location, so depending on where you move to, that might make a difference in your salary, but at the same time, there is a salary range, so the cost of the move may or may not be worth it.

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Post ID: @afh+1hVC2CIb

They can fire you for not moving; it’s out in the offer letters.

But no the amount of relocation hasn’t been different based on locations. The money comes from the hiring managers budget so it’s going to be the same. Most don’t even offer relocation anymore.

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Post ID: @jww+1hVC2CIb

I moved from San Francisco to North Carolina and kept my SF salary. Same position just transferred to a different location. It was like a raise since the market zone is lower in Charlotte.

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Post ID: @kvm+1hVC2CIb

I was actually able to move to a lower cost of living area and get a raise believe it or not during a lateral move. Basically, I was a high performer, they really needed someone for the role and figured I would be a good fit, and they knew they’d have to pay me in order to get me for the role.

This isn’t an automatic thing though by any means, I don’t think they’ll have our raises simply because you’re moving. If you’re moving to a higher cost of living area differential though, I think generally you’ll get a raise then for a lateral move. Probably so you’ll stay the same % to midpoint.

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Post ID: @cgp+1hVC2CIb

We had an intern who supposed to relocate after internship and that person never moved. Got transferred to another team within the region area I guess can’t fire you because you refuse to move after they gave you offer.

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Post ID: @tqw+1hVC2CIb

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