Friday, April 29 2011
We consider Atlas Van Lines a local company here in Evansville Indiana. Even though this is true, Atlas Van Lines has worldwide contacts and offices throughout the United States and in other countries. Atlas therefore has a direct pulse to the market place and is in a very good position to make predictions on corporate as well as personal relocations. The report below will highlight the advances in the relocation market. -RT
Relocation managers across the U.S. are expressing optimism that the worst of the recession is now in the rearview mirror, according to a survey.
Responding to Atlas Van Lines' 44th annual Corporate Relocation Survey, 72 percent of the relocation managers polled say they believe their respective companies will fare better in 2011. The optimism rate among large firms surveyed jumps to 80 percent.
Data from the survey indicated that:
• Fifty-four percent of executives surveyed believe the U.S. economy will improve in 2011-the highest rate of such optimism recorded since 2006.
• Thirty percent of companies plan to relocate workers this year, the highest percentage in six years.
• Eighty-seven percent of companies will spend as much or more on relocation in 2011 as in 2010, the most since 2007.
The Midwest is now the top destination of transfers (37 percent) followed by the Northeast (31 percent), the South (28 percent) and West (20 percent). Thirty-two percent of companies say they increased the number of international relocations in 2010, with 28 percent predicting another increase in 2011.
According to Griffin, the Atlas survey has revealed trends in how corporations are moving existing employees or newly-hired staff. He said, it shows where the economy has been and where it’s headed and the view looks better than it did one year ago. The effect of economic/market pressures on entry level/new hire and middle management relocations appear to be lessening.
In 2008 and 2009, roughly 40 percent of companies say these pressures decreased relocations in these job sectors. In 2010 that percentage dropped to just above 25 percent.
Seventy-eight percent say the economy or real estate markets are the most important factors affecting relocations. While employers may be more optimistic about the economy, many of their workers remain cautious and somewhat apprehensive. Fifty-nine percent of firms say they had employees decline relocations in 2010; the third highest level in several years. Among large companies, the rate jumps to 87 percent. Three of every four companies surveyed say the number of employees declining relocation in 2010 stayed about the same as 2009, reflecting little change in workers' attitudes toward moving.
Sixty-nine percent of employees who wouldn’t move cited housing and mortgage concerns, 55 percent cited family issues and ties, and 41 percent cited their spouse’s or partner’s employment.
Twenty-seven percent of companies surveyed say that declining a relocation request usually hinders an employee's career.
2011 Survey fast facts
• Eighty-four percent of firms have a formal relocation policy.
• More than half of all relocations were new hires (53 percent).
• Employees age 36-40 remained the most frequently relocated salaried employee in 2010 (37 percent); most are male - only 19 percent of relocations involved female employees.
• Forty-five percent of relocations involved employees with children; 61 percent of those relocated were homeowners.
• Thirty-two percent of responding firms give employees just one week or less to accept a relocation offer (up 7 percent from 2010 survey).
• More than three-fourths of companies reimburse/pay to pack all items; 28 percent to move pets; 14 percent will even reimburse for moving boats.
• Among international relocations, the most frequent destination was Europe (41 percent).
Source: Atlas Van Lines http://www.talentmgt.com/industry_news/2011/April/5359/index.php
Friday, April 30 2010
EVANSVILLE, Ind.--Despite the current economic recession, businesses are optimistic about the volumes and budgets for future corporate relocations, according to Atlas Van Lines' 43rd annual Corporate Relocation Survey, released today. More than one in five firms surveyed expect relocation volumes to increase in 2010, a great improvement over last year, when more than half of surveyed firms predicted a decrease in relocations. Other positive signs include the majority of firms indicating they expect their overall financial performances to improve compared to 2009. With guarded optimism, most responding firms expect stability or even improvement in both the U.S. economy and real estate market.
The Atlas survey--the only survey of its kind--has for 43 years explored trends in how corporations move existing employees or newly hired staff. Most survey respondents work in human resources/personnel or relocation services departments for service, manufacturing, wholesale/retail, financial or government organizations, and more than half work for international companies. Atlas, the Evansville-based corporate relocation, transportation and global logistics firm, announces its survey results to coincide with the annual Atlas Forum on Moving in April. "These survey results are a possible early sign of a recovery for the relocation industry, and they indicate that companies are finding ways to contain costs while retaining employee incentives," said Jack Griffin, president and COO of Atlas Van Lines. "But the best news is that firms are predicting a brighter future both for themselves and the overall economy."
Here's a closer look at developing trends in corporate relocation: Employees more willing to relocate Employees appear to have been slightly more willing to relocate in 2009 than they were the previous year. More than half (56 percent) of responding firms saw employees decline relocations, compared to 65 percent in 2008. For the second year in a row, housing/mortgage concerns surpassed family issues/ties as the No. 1 reason for refusing relocation. Seventy-seven percent of respondents cited housing concerns, including worries about selling a home, as the reason for declining relocation.
However, 66 percent of firms responding offered employees incentives to encourage relocations, with relocation bonuses, loss-on-sale protection, cost-of-living adjustments and extended duplicate/temporary housing benefits rounding out the top four methods used. In 2009, extending duplicate/temporary housing benefits jumped to the most popular perk, with 69 percent of firms offering this incentive. So successful were these incentives that 90 percent of companies said they "almost always" or "frequently" convinced an employee to relocate. Forty-five percent of companies also help an employee's spouse find work in a new location. Economy, not lack of local talent, impacting moves For the first time since 2003, a lack of qualified people locally was not the biggest influence on relocation. Instead, more than half (53 percent) of companies cited economic conditions as the biggest influence on relocations, with just 31 percent citing a lack of qualified people locally. And 37 percent say declining an opportunity that involves relocation can hinder an employee's career. A more encouraging outlook for 2010 Responding firms indicated the number of employees relocated and relocating budgets significantly decreased compared to 2008. Forty-two percent said they moved fewer employees last year, compared to just one-fourth experiencing declines in relocation volumes in 2008. Additionally, over a third saw decreases in relocation budgets last year (compared to 19 percent in 2008); while only 18 percent indicated budgets increased. The percentages of firms expecting increases in relocation volumes and budgets in 2010 are roughly twice that of last year. Internationally, relocation volume expectations improved slightly overall compared to the previous year. Nearly two-thirds of firms expect international relocation volumes to remain stable. Survey fast facts · Eighty-two percent of firms have a formal relocation policy. ·
Relocations were almost equally split between transferees and new hires in 2009. · Males age 36-40 were the most frequently relocated employee in 2009; only 17 percent of relocations involved female employees. · Forty-five percent of relocations involved employees with children; 60 percent of those relocated were homeowners. · One-quarter of responding firms give employees one week or less to accept a relocation offer. · More than three-fourths of companies reimburse moving companies to pack all items; 29 percent will even reimburse the cost of moving pets. · The Midwest was the top destination of transfers (36 percent) followed by the South (28 percent) and the Northeast (27 percent). · Among international relocations, the most frequent destinations were Europe (47 percent) followed by Asia/Pacific Rim (36 percent). ·
Over the past two years, the percentages of firms using full, lump sum (relocation allotment) or partial reimbursement for new hires have become nearly identical. Nearly 300 corporate relocation professionals completed the online survey between January 11 and February 26. Respondents must 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. Half of the companies surveyed this year relocate employees between countries. For complete survey results, visit www.atlasworldgroup.com/survey. AAtlas Van Lines is the largest subsidiary of Atlas World Group, an Evansville, Ind.-based company. Atlas World Group companies employ nearly 700 people throughout North America. More than 500 Atlas interstate 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, new fixtures and furniture. Visit www.atlasworldgroup.com for more information on the company and Atlas agents. Source: Atlas World Group