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Factors In Relocation

August 7, 2008
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Related Topics: Relocation Services, Global Relocation, Values, Growth, Relocation Management, Telecommuting
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FACTORS IN RELOCATION—1

Company growth led the list of internal factors cited. The top external factor that companies cite is a lack of qualified people locally. Large companies particularly noted that the weak real estate market affected relocation values in 2007.
What internal company conditions had the most significant impact on the number of your employee relocations in 2007?
( ) indicates results from previous year
Internal conditions had no impact4% (6%)
Growth of company46%  (59%)
Promotions/resignations37% (36%)
Knowledge/skills transfers30% (30%)
Corporate reorganization24% (22%)
Expansion into new territories22% (22%)
Acquisitions/mergers15% (19%)
Budget constraints13% (9%)
Expansion of facility11% (19%)
Use of short-term assignments11% (not listed as an option in 2007)
International expansion11% (10%)
Increased production10% (15%)
Closing of facility% (12%)
Decreased production4% (2%)
Expansion of telecommuting/virtual teams3% (1%)
Security issues1% (1%)
Other5% (5%)
What external factors had the most significant impact on the number of your employee relocations in 2007?
( ) indicates results from previous year
External conditions had no impact19% (26%)
Lack of qualified people locally52% (52%)
Economic conditions24% (25%)
Real estate market22% (not listed as an option in 2007)
Growth of domestic competition14% (13%)
Growth of international competition10% (13%)
Destination country regulations3% (3%)
War in Iraq/Afghanistan2% (1%)
Domestic natural disasters (wildfires, floods, etc.)2% (3%)
International natural disasters (typhoons, etc.)1% (1%)
Terrorism/political violence1% (1%)
Other4% (4%)
Source: Atlas World Group's 41st Annual Corporate Relocation Survey

FACTORS IN RELOCATION—II

The use of lump-sum payments grew last year, and employees who declined relocations cited family issues most often as their reason for turning down a move.
To what extent does your company reimburse relocation expenses? ( ) indicates results from previous year
 TransfereesNew hires
Full reimbursement of relocation expenses63% (55%)54% (42%)
Lump-sum payment44% 32%)49% (31%)
Partial reimbursement based on salary, position, etc.37% (30)41% (43%)
No reimbursement of relocation expenses6% (5%)5% (8%)
What reasons did employees give for declining relocation? ( ) indicates results from previous year
Family issues/ties62% (84%)
Housing/mortgage concerns50% (30%)
Cost of living in new location49% (49%)
Spouse/partner's employment48% (49%)
No desire to relocate45% (43%)
Personal reasons41% (33%)
Could hurt career2% (3%)
Other2% (4%)
Source: Atlas World Group's 41st Annual Corporate Relocation Survey

Workforce Management, August 11, 2008, p. 31, 32 -- Subscribe Now!

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