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.
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 email@example.com
Relocation America International, as a partner of Atlas Vanlines, is pleased to announce the results of the relocation industry’s first and longest-running survey into corporate relocation policy and practice.
For this year’s edition a total of 435 individuals responsible for relocation as part of their professional duties took part in the survey. Among the topics discussed in the survey were r
2018 Corporate Relocation Key Findings:
- The majority of organizations (74%), regardless of size, have plans to implement policy changes in response to recent passage of the U.S. Tax Cuts and Jobs Act. Among organizations planning policy changes in 2018, the most popular planned change across organizations was to gross-up taxable relocation benefits.
The top factor affecting relocation last year was a lack of local talent.
Family concerns held the top spot among reasons why relocations were declined by employees, with spouse/partner employment in second place over the same period.
Even though most organizations reported improved financial performance, cost containment remains near historical highs. Even as firms expect increases in relocation costs, controlling the impact remains a priority.
More than two-thirds of companies outsourced relocation services last year.
Over the last few years, many organizations have used candidate assessments to support successful relocations. This year, nearly two-thirds of organizations assess candidates prior to relocation, down slightly from around three-fourths over the past three years, but maintaining a marked increase over the roughly half of firms that performed vetting from 2012 to 2014.
As lump-sum usage has grown, the survey incorporated additional questions about monetary ranges for the categories of reimbursement. Compared to the past five years, most offerings are more frequent and generous than in 2013 and on par with 2014, despite some dips below ranges reached in 2015. The overall median ranges are the highest in five years for: household goods shipping/storage, entire relocation cost, temporary housing, and miscellaneous expense allowance. However, offerings for real estate assistance/transactions, rental assistance/transactions and travel expenses fall one range lower.
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 firstname.lastname@example.org.
According to one of the nation’s leading movers, Atlas Van Lines, the past year was one of increased corporate relocations. In response to the 48th Annual Corporate Relocation Survey, 49 percent of firms saw relocation volumes increase in 2014 and roughly half expect volumes to increase further overall and internationally in 2015.
“We’re thrilled to see our longest running industry survey results identify increased relocation volume and budgets,” said Jack Griffin, president and COO of Atlas World Group. “Our human resource and mobility peers expect corporate relocations to increase throughout the remainder of 2015, and we look forward to working alongside them to identify key insights that will continue to assist them in their profession.”
2015 Survey Fast Facts:
- On average, companies relocated 50-99 employees in 2014.
- The greatest growth in relocation occurred at international firms with more than half reporting increases in both overall volumes and budgets.
- Company growth and lack of local talent tied for the top factors that impacted relocation volumes in 2014. However, these are nearly equal in weight to economic conditions (38 percent) as well.
- The real estate market’s impact on relocation is now at its lowest level since measurement began in 2007 (22 percent) at 21 percent.
- Fifty-nine percent of firms saw employees decline relocation.
- Roughly twice as many firms are using lumps sums to cover real estate assistance/transactions (28 percent vs. 11 percent+) or rental assistance transactions (32 percent vs. 16 percent+) than in the previous four years on average. At the same time, use of lump sums to cover miscellaneous allowances has dropped significantly (40 percent vs. 53 percent+).
For complete survey results click here: 2015 Relocation Survey