A job search can be an expensive life event. Being prepared will fast-track your job search and prevent any unpleasant financial surprises or embarrassments with your prospective employer.
The majority of healthcare candidates at Hunter Ambrose relocate a minimum of 500 miles. This requires the candidate to get from Point A to Point B for an interview and if hired, relocate within budget.
Standard Onsite Interview Package | Healthcare Industry
- Airfare for candidate only (reimbursed to candidate after the interview) – Hospitals should never purchase an airline ticket for a candidate. If the candidate cancels, the hospital cannot get a refund and typically the candidate is never heard from again. And, a candidate who can’t pay for an airline ticket is perceived as not being financially responsible.
- Airfare for candidate’s spouse- Typically reserved for C-Suite and provider positions (reimbursed to candidate after the interview)
- Car rental (reimbursed)
- Gas receipts if the airport is more than 50 miles from the hospital (reimbursed)
- Lodging for 1-3 nights depending on travel time (hospital will do a direct bill)
Everything else…Baggage fees, upgrades, parking fees, meals, etc. You’re on your own!
Standard Relocation Package | Healthcare Industry
- $2,000 – $15,000 depending upon the position. Any relocation package over 5k is reserved for management and over 10k is reserved for CEO’s and physicians
- If you live in LA, Boston or a major metro area and want to relocate 15 miles to save hours in traffic- You will probably be paying for it out of pocket. Hospitals in large cities quite often do not offer relocation, even if the candidate is from out of the area, (unless it’s a C-Suite or provider position).
- Relocation is based on IRS approved expenses- No you cannot use the relocation money to rent an apartment .
- Relocate, submit receipt, get reimbursed within 2 weeks- That’s the drill
- If you are moving more than 500 miles or the middle of winter (and your’re not in warm climate) it’s reasonable to ask for a direct bill for a moving company and the hospital pays the movers directly. Anything over the budget, you’re responsible for. Do not ask for your belongings to be packed. That perk ended around 1987 with 3 martini lunches.
- There is no relocation budget that covers everything. I moved my family to San Francisco a few years ago from San Diego. I downsized, don’t own a piano and my 2 college aged son’s helped load / unload the boxes. Regardless- I could have purchased a used Mercedes for what it cost. Moving is expensive! Have a rummage sale and purge to save time and money.
- Get a quote from U Haul and a professional mover before your onsite. If your offer is skimpy on relocation, have a few facts to justify an increase.
Pre-Job Search Financial Checkup:
1. At least $1,000 in cash for plane tickets and miscellaneous expenses for the onsite interview
2. At least $750.00 in available credit for a car rental. As in an actual credit card / not a debit card.
3. Credit score over 600- This is the baseline to rent an apartment or home in your new city.
4. A minimum of $1,000 – $5,000 cash on hand for miscellaneous expenses such as boxes, storage, moving company overages, car transport, rental deposits, professional license fees, etc.
5. The absolute understanding that there is no relocation package which covers everything. The average candidate pays for at least 30% of the total relocation costs and the allotted relocation package paid by the hospital picks up the rest.
When in doubt about who pays for what- Ask your recruiter. It’s perfectly acceptable to withdraw from the interview cycle if you can’t afford to participate. However, it’s better to plan ahead financially and never miss what could be the job of a lifetime.