Hey everybody welcome to the next video.
So we're going to be talking about in this view is actually applying for the job.
Now we're going to use Facebook so offensive security engineer posting as an example in this video.
So when you're looking at actually applying for jobs so you've looked at the job description everything
makes sense.
Maybe the company you know a little bit about them and it sounds like a pretty good pretty good company.
So before you hit the supply button right here what I want you to understand is take a look at the location
if you are not local to this location and you need to keep in mind that relocation must occur whether
it's unless this is a specifically a remote role or has the possibility of a remote or remote role which
is something you want to talk to the contractor about and or the recruiter I'm sorry.
And depending on whether it's remote or not you might have that flexibility but if it's not remote then
you need to know where it's at where it's located and the cost of living everything else like that.
Because what's important to know about that is if you do have to relocate.
Most companies especially companies like Facebook Google whatever tend to relocate people from other
parts of the country or different parts of the world depending on how well the interview went and everything
else like that.
But it's not uncommon to get relocated and have them and have money sent over to you to pay for relocation
or sometimes they have you relocate out of your own pocket and as soon as you show up in the office
you get a check for your relocation.
But what's important understand about the relocation process is that sometimes companies will use it
as a tax free like sign on bonus or maybe it's a direct expense they expense that out because it's reimbursing
you.
So you technically didn't gain any money.
Some call it a spot bonus.
So you need to make sure that if you do have to do this out of pocket which let's say if you're going
from the East Coast to West for Menlo Park let's say you're going.
You're coming from New York or Florida Georgia.
Then you're going to start running into problems where it could cost you ten eleven twelve thousand
dollars to move depending on the size of the place vehicles other kids involved.
You can look easily up to ten and ten thousand dollars when you start making a move like that.
Now there's obviously ways to short shorten that cost down a bit but realistically between seven to
ten thousand and sometimes companies will get considered a spot bonus which means they say OK yes we'll
give you a spot bonus of ten thousand for relocation when you get here.
Right.
So when you get there then you may hand you a check.
It's for like five thousand.
OK.
So keep in mind that because it's a bonus it's considered income and they've already taxed it.
So keep that in mind in case you go out and get a line of credit to move yourself and then you end up
with a check of half or a quarter or even 60 percent of what you expected to have to be able to pay
it back or you used it on a credit card or whatever the case might be.
Just keep that in mind.
But when they treat it as X you could expense it when you get back when you tend to expense something
there's not really a tax involved because it's money that you've already spent.
It's just a way for the company to safeguard their assets so they're not just handing some random person
that they've never done any business with you know five ten thousand dollars across the country.
So that way they keep their assets in check.
So always always take that extra step and ask the recruiter is this going.
Is this is this a bonus is this is it going to be is the money coming in going to be taxed and then
you need to make sure that you adjust accordingly.
Because yes they might give you a relocation bonus bonus intent of ten thousand dollars but after everything's
all said and done you might only get six thousand five and a half six thousand out of it.
So expect to eat that other four or more if it costs to do that.
Now it could cost you less to move and they gave you a spot bonus of ten thousand and you got six and
it cost you three to move your profiting three grand.
Perfect.
That's perfect scenario but it doesn't always happen that way.
So I just want you all to keep in mind before you actually look at that job and applied the Apply button
and make sure you understand where it is where the location is where the job is.
Is it remote.
Based on what they're talking about in the job description and if you can't readily tell then you'll
just have to apply.
Past that point but I just want you guys to keep that in mind before you hit the Apply button.