Category Archives: Hot Topics

Top Reasons IT Professionals Relocate

Thinking about putting down roots in a new city? If you’re a tech pro, then you’re not alone.

Tech on the Move, a new study from CompTIA, found that 78% of tech workers would consider leaving their current city for a new job, citing affordability (60%) and local economy (56%) as major factors driving the decision.

With more than 260,000 new IT jobs opening in the United States last year alone, it’s no secret that tech talent is in high demand. But have you thought about where an IT salary goes the furthest? Or what matters most to you when it comes to making decisions about where to live and work?

As housing costs continue to rise in pricey coastal hubs, the study found more tech pros are considering jobs in areas where cost of living is lower, the climate is desirable and traffic is less of a headache. 

Tech pros ranked three factors as most important when choosing where to live:

  • Cost of living (82%)
  • Weather and climate (64%)
  • Commute times (62%)

When it comes to choosing an IT job, they ranked job security (73%) and income/salary (69%) as most important.  

Does Making an Impact Matter to You?

The study also provides insight into what the youngest tech workers look for in a career – and the answer isn’t just higher salaries.

As Gen Z enters the workforce – and has a strong interest in IT jobs – they place more value on the societal impact of their work and less importance on high salaries than Millennial tech workers, according to the study.

  Millennials Gen Z
Having a Meaningful Career and Helping Others Is
Very Important
38% 48%
Income Is Very Important 74% 60%

While career aspirations differ, both Gen Z and Millennial IT pros say cost of living is the most important factor when choosing where to live and work. Gen Z workers also cited affordable housing and proximity to restaurants and bars as top three factors, while Millennials cited commute times and climate. 

Location, Location, Location… and Salary

As the tech industry seeks to expand the universe of those who see a career for themselves in IT – including encouraging more women to pursue careers in tech – the study revealed differences between men and women tech workers when it comes to importance of location and income.

  • Location: 55% of women tech pros rank it as very important compared to 43% of men
  • Salary: 74% of women tech pros rank it as very important, compared to 66% of men 

Will You Move for an IT Job?

Ultimately, the Tech on the Move study shows that as technology continues to spur job growth in new regions, the tech workforce is mobile and willing to relocate for the right job. And with tech thriving in areas far beyond traditional coastal hubs, IT pros have more opportunity and choice than ever for where to advance their careers.

What matters most to you when it comes to where you want to live and work?

Download CompTIA’s Tech on the Move study for a full analysis of what tech workers consider when choosing where to live and work. 

About Relocation America International

Relocation America International is a full service relocation management company dedicated to providing innovative relocation services, value added support, and superior customer service to clients relocating families domestically and internationally. Visit http://www.rainternational.com for more information about our services or contact us at info@rainternational.com

Breaking News:Atlas Vanlines Releases Results of 2019 Corporate Relocation Survey

Every year since 1968 Atlas Vanlines conducts a comprehensive survey of corporate relocation decision makers. This year, 444 respondents completed online questionnaires between January 15 and February 22. Each respondent has responsibility for relocation and is employed by a company that has either relocated employees during the past two years or plans to relocate employees this year.

This year’s survey yields a treasure trove of information certain to uncover the trends and offer clear understanding to the evolving challenges in corporate relocation. In general, 2018 was another positive year for the relocation industry; roughly nine out of ten organizations indicate both volumes and budgets either held steady or increased.

Tax Reform Policy Changes

Most firms, across sizes, implemented policy changes last year in response to the tax
law and its elimination of the deduction for moving expenses. A majority plan to do so
again in 2019. While the most common change was to gross-up taxable relocation
benefits, firms put many other methods in play to manage costs and protect
employees against negative financial impacts.

Below are some keys findings from the survey along with a link to the complete survey results.

  • For the past eight years, the key external factor affecting relocation volumes has been the lack of qualified local talent.
  • Family issues/ties has taken the top spot among reasons for declined relocations, while spouse/partner employment has held second place.
  • Over the last five years, the majority of firms have used candidate assessments to support relocations.
  • For the fifth year in a row roughly six in ten firms indicate spousal/partner employment “almost always” or “frequently” affects relocations.

The Atlas Vanlines Corporate #Relocation Survey contains  a tremendous amount of useful relocation information presented in an easy to read format.  For a complete copy of the survey results please click on the link below:

52nd Annual Atlas Corporate Relocation Survey

About Relocation America International

Relocation America International is a full service relocation management company dedicated to providing innovative relocation services, value added support, and superior customer service to clients relocating families domestically and internationally. Visit http://www.rainternational.com for more information about our services or contact us at info@rainternational.com

 

 

 

 

 

 

 

 

 

 

 

The Service Side of Relocation Expense Management

In a recent Business Travel News Survey 73% of respondents waited, on average, five weeks to be reimbursed by employers for business related expenses. Not only is this an annoyance for employees, but it also has the potential to place a burden on talent management and retention.

While relocation expense reimbursement can become a source of frustration among transferring employees, there are a few simple steps that can be taken to make the process more efficient  and successful.

Mobile Technology: One of the best practices with respect to expense reimbursement is to ensure your relocation service provider has an easy to use mobile app that allows transferring employees to quickly request reimbursement of eligible expenses at any time no matter where they are (even if on a home finding trip).  The ability to check the status of reimbursements also gives employees some visibility into the reimbursement process which makes it easy and painless.

Our own app, RA International Connect, offers an intuitive and friendly interface that features tools designed to support transferring employees throughout the entire relocation process. Among the many features included in RA International Connect is the ability to process expense reports and submit receipt photos via the smartphone’s camera.bloggo2

Urgent Reimbursement Requests Be sure to partner with a relocation service provider that has the financial wherewithal to process reimbursements weekly or biweekly if needed. If your transferring employees need to wait up to 3 weeks for reimbursement funds to arrive because your relocation service provider has funding issues then service levels will suffer and frustration levels with the relocation process will rise. Here at Relocation America International we have the ability to process expense reimbursements the same day we receive them if necessary.  From our experience the immediate turnaround time we provide adds to the positive experience our clients have when working with us.

Utilize ACH direct deposit or Wire Transfers: Automatic clearing house or ACH reimbursements allow for direct deposit of employee reimbursements and allow transferring employees immediate access to their funds eliminating the need for paper checks which delay the reimbursement process.

Consider the use of lodging and meal per diems as part of your relocation policy. Begin by understanding your client’s goals and travel needs and consider using per diems to control expenses. Per diems allot employees a fixed amount per day reducing the need for transferring employees to save purchase receipts. As long as the cost is under the per diem amount, it’s approved without the need for documentation. The biggest advantage of per diem use is it allows for predictability in travel budgeting.

Increasing the ease and timeliness of relocation expense processing can result in cost savings and increased transferring employee satisfaction.  Choosing the right provider who has the right tools to manage this process on your behalf can make all the difference in the experience your employees have when relocating.

About Relocation America International

Relocation America International is a full service relocation management company headquartered in Southfield, Michigan dedicated to providing innovative relocation services, value added support, and superior service to clients relocating families domestically and internationally.

Visit http://www.rainternational.com for more information about our services or contact us at mobility@rainternational.com.