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.
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