NEW YORK – May 6, 2019 – Corporate relocation volumes and budgets are increasing, helping employees to more easily make a move for a job.
In particular, 60 percent of mid-size firms (500 to 4,999 salaried employees) reported relocation budget increases, according to national moving company Atlas Van Lines’ Corporate Relocation Survey. For comparison, about 40 percent of small firms (fewer than 500 salaried employees) and 40 percent of large firms (5,000-plus) saw employee relocation increase over the past year.
Companies are optimistic that 2019 will be a good year for relocations. Overall, more than 40 percent of organizations say they expect increases in relocation volume and budget this year, and they’re using multiple employee reimbursement methods for moves.
Full reimbursement for new hires (36 percent) remains near historically low levels, the survey shows. On the other hand, lump-sum payments to cover costs of a move are most popular (56 percent). Lump-sum payments have increased in popularity and are now offered with about the same frequency to new hires and transfers, according to the study.
Source: “Corporate Relocation Survey,” Atlas Van Lines (May 2019)
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