I’m thinking of moving to Houston from New Jersey. What kind of relo package should I expect for a new grad, single employee? Any perks/support I can get when moving from Exxon? Can any of these benefits be negotiated l, and do they offer starting bonus?
Will have my hr meeting soon, but wanted to be ready beforehand.
12 replies (most recent on top)
Answer from OpenAI GPT-3:
“Exxon typically offers a comprehensive relocation package for new employees, which may include items such as:
- Assistance with housing and relocation expenses
- A per diem allowance for meals, lodging, and other associated travel costs
- Temporary housing, if necessary
- Airfare and ground transportation
- Storage and shipment of personal belongings
- Travel expenses for family members
These benefits are typically non-negotiable, but there may be some flexibility depending on your individual situation. Exxon also offers a starting bonus, although the amount may vary depending on the position and other factors. Your HR representative should be able to provide you with more details.”
Wawa’s trump Buckee’s. Don’t come here if yous can’t handle it. BTW, Clinton is closing.
Sorry, I misread you post as "new hire" instead of "new grad". I relocated as an experienced employee a few years ago and at the time the domestic relo package was:
An MEA of 1.25x your monthly salary, this is meant to take care of miscellaneous expenses such as early termination fees from your cable company, don't know if includes fees for breaking a lease early, that may be separate; pack, load and transport of your belongings; they'll ship your car or pay mileage if you want to drive (I would suggest flying); they pay for a trip down to find housing ahead of time. I'm guessing you don't own a home, however, if you do, they will pay for a realtor and give you a buyout offer. The buyout tends to be low as it's not really based on market value, but the price that the realtor believes that sell the house within a 60-day window. Lot's of other minor details, but I think I've covered most of it.
Search the intranet for "domestic relocation policy" or something like that. You should be able to find it, it's not secret. There are no state taxes in Texas, so it will essentially amount to a modest pay increase compared to either PA or NJ. Each place has its advantages and disadvantages, you'll you to figure out which one's are more important to you. Best of luck.
Have you really just joined the company as a new grad? If so, that was your first mistake. Your second would be moving to Houston.
If you’re going to do it, make sure that your relocation package is tax-protected. Otherwise you’re going to lose a chunk of it to Uncle Sam, and possibly the beautiful, wonderful State of New Jersey too!
Make sure to ask whether your cost of relocating is reimbursable to the company if you were to leave within 1 year of moving. You may be locking yourself into a 1 year commitment.
I started in 2018 from Denver as a new grad. They gave me a total relocation package of about 20k, I think it was called MEA at the time? It was basically a moving allowance. Not sure if they do that anymore to be honest. They did provide me with all the moving services. I didn’t own a house so it was pretty simple
Make sure you hav3 strings back. NJ site doesn’t have long.
@OP I would not suggest that you relocate for Exxon or any other company under any circumstances.
Make sure you negotiate for a supply of Styrofoam cups which you will need when you start your job. Also, for a coffee can when you are pip'd (canned) during the next downturn.
For new grad, nothing special. They pay your moving, shipping stuff, find a realtor if you are looking for accomodation. As you are moving from higher cost of living are, no adjustment will be made. If you own a house now, then you could get some incentives. Heads up - many NE folks want to go back to their home, and chance is very slim. If they were able tp come back back to NE, they quit; no XOM business up here. XOM centralizes everything to TX now. Be ready for staying in TX for long time (except LA)
Sure come. Obviously. You would fit right in with the rest of the “best and brightest”. You could join the PIP line up.