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.
The Michigan Council of the Society for Human Resource Management (MISHRM) is the leading voice for human resource professionals in the State of Michigan and the host for this year’s 25th annual conference being held in Grand Rapids, Michigan, October 6th thru the 9th. The Conference offers HR professionals educational sessions and speakers designed to provide practical information and the opportunity to network with other HR leaders. The Conference theme for 2013 is “Creating Our Legacy”.
Our very own Patrick Novak and Dave Foess from Relocation America will be in attendance and look forward to seeing you in Grand Rapids. For more information or to register for the conference click here: 25th 2013 MISHRM Annual Conference & Exposition.