Hot Topics, Household Goods Management

Breaking News: Atlas Vanlines Releases 2018 Corporate Relocation Survey Results

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  relocation initiation volume, budgets and recent tax reform legislation and its effect on relocation policies.  Below are some keys findings from the survey along with information on how you can obtain a complete copy of the survey results.

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.

The Atlas Vanlines Corporate Relocation Survey is a treasure trove of useful relocation information presented in a clean and easy to read format.  For a complete copy of the survey results please contact Relocation America International by completing the online form below:


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.

Household Goods Management, Relocation

Are You Underinsured?

“What is carrier valuation?” Carrier valuation is a declaration by the transferring employee (person being moved) of the maximum amount of the carrier’s liability in the event of a transit-related loss or damage of their household goods.

Valuation is not insurance. In other words, valuation provides a certain level of protection for loss or damage caused by a carrier while the shipment is in the care, custody, and control of the carrier. The amount of coverage is predetermined prior to the move and may not be sufficient in the event of a loss.

WHAT DOES IT COVER?

When you move, your personal property is loaded onto a moving truck. While most moves go smoothly, accidents do happen and some items may be lost or damaged during shipment.  Prior to the move a carrier representative will discuss with the transferring employee the amount of liability the carrier is responsible for in the event of loss or damage. At the time of the move a descriptive inventory list will be developed by the carrier and the transferring client. This list includes the count and condition of the shipped items when they come into the care, custody, and control of the carrier. At times the client may have certain items that carry a higher value than normal such as artwork, jewelry, collectibles etc….

It is our recommendation that items of high value such as jewelry, coins, and collectables be moved personally by the transferring employee.  If they are is unable or unwilling to do this, then these items must be recorded and reported on a special form called the high value inventory form.   The determination of the value of the transferring employee’s entire shipment is a very important part of the moving process and is pre-determined by the transferring employee prior to the move.

Continue reading “Are You Underinsured?”

Relocation

2012 Corporate Relocation Survey

Atlas Vanlines just released the relocation industry’s longest running survey; their 2012 Corporate Relocation Survey. This is the 45th year the study has been conducted with invitations to participate in the survey being sent to selected relocation-related associations and human resource/relocation contacts.

The good news coming out of the survey is that nearly half of the companies surveyed indicate the number of employee relocations increased in 2011 over the previous year.  Continue reading “2012 Corporate Relocation Survey”