EVANSVILLE, Ind. (May 6, 2013) — According to one of the nation's leading movers, Atlas Van Lines, the past year was one of continued recovery in corporate relocation after the turnaround gained traction in 2011. In response to the 46th Annual Corporate Relocation Survey, about one-third (36 percent) of firms saw relocation volumes increase and almost one-third (30 percent) saw budgets increase as well.
Nearly half (45 percent) of large firms experienced an increase in volumes. Internationally, the trends also reflect positive statistics with nearly half of firms handling international relocations citing an increase in volume.
Expectations for 2013 reveal that roughly six out of 10 firms expect volumes and budgets to stay at 2012 levels, with more than one-fourth (27 percent) of firms expecting further increases in relocation volumes overall and internationally.
"Since the drastic decrease in overall relocation volume hit in 2009, the industry has pushed through and held steady," said Jack Griffin, president and COO of Atlas World Group. "This year proves to be another positive sign for corporate America and the economy's effect on relocation. We've been monitoring the industry for 46 years, and our statistics have done a great job exposing the trends and predictions seen by relocation firms across the globe."
After a switch in 2011, the Midwest (37 percent) is back on top as the most popular destination within the U.S. However, the Northeast and South are not far behind (31 percent), tied as the second most-popular destination to transfer. Within a single country, the U.S. ranks third (30 percent) behind Western Europe and Asia (tied at 31 percent) for the most relocations in 2012. Asia remains the most frequent relocation destination (43 percent) for transferees relocating from the U.S. to another country or region. Western Europe (31 percent) and the United Kingdom (25 percent) complete the top three most popular destinations for transferees relocating internationally from the U.S.
The reluctance toward moving is in a downward trend. Down three percent from 2011, 54 percent of employees declined the opportunity to relocate in 2012. However, the majority of firms (76 percent) indicate they offered incentives to encourage employee relocations in 2012. Extending temporary housing benefits was the most popular incentive and was offered by nearly two-thirds or more of firms across company size. Relocation bonuses, loss-on-sale protection and cost of living adjustments (COLAs) round out the top four incentives offered (48 percent, 38 percent and 37 percent, respectively).
The top three reasons employees or new hires were reluctant to relocate include:
More than 415 corporate relocation professionals completed the online survey between January 22 and March 8. The respondent demographic of the annual corporate relocation survey includes human resources/personnel and relocation/mobility services departments for service, manufacturing, wholesale/retail, financial and government organizations. More than half of the companies have an international presence and relocate employees between countries. Respondents have relocation responsibility and work for a company that has either relocated employees within the past two years or plans to relocate employees this year.
For complete survey results, visit http://www.atlasvanlines.com/relocation-surveys/corporate-relocation/. To view the infographic, visit http://www.atlasvanlines.com/infographics/doing-more-with-less/.
About Atlas Van Lines
Atlas Van Lines, a national moving company, is the largest subsidiary of Atlas World Group, an Evansville, Ind.-based company. Atlas World Group companies employ nearly 700 people throughout North America. Nearly 500 Atlas interstate moving agents in the United States and Canada specialize in corporate relocation, household moving services and in the transportation of high-value items such as electronics, fine art, store fixtures and furniture. For more information, visit www.atlasvanlines.com.