Breaking News: Atlas Vanlines Releases 2014 Corporate Relocation Survey

More than 350 corporate relocation professionals completed the online survey between January 22 and March 8. The respondent demographic of the annual corporate relocation survey includes human resources/personnel and relocation/mobility services departments for service, manufacturing, wholesale/retail, financial and government organizations. Nearly half of the companies have an international presence and relocate employees between countries. – See more at: http://www.atlasvanlines.com/news/2014/0010/#sthash.wtMV2vKz.dpuf

corp-relo-headAccording to one of the nation’s leading movers, Atlas Van Lines, the past year was one of continued normalization for the industry, solidifying the recovery that began in 2012.

In response to the 47th Annual Corporate Relocation Survey, 41 percent of firms saw relocation volumes increase in 2013 while 29 percent also benefited from budget increases. Mid-size and large firms experienced the greatest gains overall, with nearly half seeing more relocations and more than a third seeing budget increases in 2013. Additionally, 37 percent of firms saw international relocation volumes increase.

Perhaps one of the most encouraging signs is the reasons for denying relocation are declining. Employee reluctance to relocate once again remains far below the peaks of 2008 and 2009 which were 28 percent and 29 percent, as compared to this year’s 13 percent. For the first time in five years, housing/mortgage concerns expressed by employees declining relocation fell dramatically and are no longer the primary reasoning cited for relocation declinations. Family issues/ties reclaimed the number one reason for employee relocation reluctance among all firm sizes, with spouse and/or partner employment coming in second.

2014 Survey Fast Facts:

  • More than half of all relocations last year were new hires (57 percent).
  • Employees age 36-40 remain the most frequently relocated salaried employee (38 percent).
  • The top two items companies reimburse transferees and new hires for include packing all items (70 percent) and moving an automobile (64 percent).
  • Thirty-seven percent of firms indicate they use alternative assignments to ensure flexibility.
  • Forty-two percent of all firms offer employment assistance to the spouse or partner, similar to levels charted over the past decade.
  • For new hires, full reimbursement and lump sum payments are nearly tied in popularity for the second straight year (51 percent and 50 percent in 2014 vs. 53 percent and 51 percent in 2013).
  • The percentage of firms using partial reimbursement continues to decline from 2011 (34 percent vs. 51 percent) to the lowest level in more than a decade for new hires.
  • Eighty percent of companies pay transportation expenses directly for transferees and 73% do so for new hires.
Reasons for Denying Relocation Are Declining
Employee reluctance to relocate once again remains far below the peaks of 2008 and 2009 which were 28 percent and 29 percent, as compared to this year’s 13 percent. For the first time in five years, housing/mortgage concerns expressed by employees declining relocation fell dramatically and are no longer the primary reasoning cited for relocation declinations. Family issues/ties reclaimed the number one reason for employee relocation reluctance among all firm sizes, with spouse and/or partner employment coming in second. – See more at: http://www.atlasvanlines.com/news/2014/0010/#sthash.wtMV2vKz.dpuf

For complete survey results, visit www.atlasvanlines.com

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