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FACTORS IN RELOCATION—1 |
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| 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 |
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| Internal conditions had no impact | 4% (6%) | ||
| Growth of company | 46% (59%) | ||
| Promotions/resignations | 37% (36%) | ||
| Knowledge/skills transfers | 30% (30%) | ||
| Corporate reorganization | 24% (22%) | ||
| Expansion into new territories | 22% (22%) | ||
| Acquisitions/mergers | 15% (19%) | ||
| Budget constraints | 13% (9%) | ||
| Expansion of facility | 11% (19%) | ||
| Use of short-term assignments | 11% (not listed as an option in 2007) | ||
| International expansion | 11% (10%) | ||
| Increased production | 10% (15%) | ||
| Closing of facility | % (12%) | ||
| Decreased production | 4% (2%) | ||
| Expansion of telecommuting/virtual teams | 3% (1%) | ||
| Security issues | 1% (1%) | ||
| Other | 5% (5%) | ||
| What external factors had the most significant impact on the number of your employee relocations in 2007? ( ) indicates results from previous year |
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| External conditions had no impact | 19% (26%) | ||
| Lack of qualified people locally | 52% (52%) | ||
| Economic conditions | 24% (25%) | ||
| Real estate market | 22% (not listed as an option in 2007) | ||
| Growth of domestic competition | 14% (13%) | ||
| Growth of international competition | 10% (13%) | ||
| Destination country regulations | 3% (3%) | ||
| War in Iraq/Afghanistan | 2% (1%) | ||
| Domestic natural disasters (wildfires, floods, etc.) | 2% (3%) | ||
| International natural disasters (typhoons, etc.) | 1% (1%) | ||
| Terrorism/political violence | 1% (1%) | ||
| Other | 4% (4%) | ||
| Source: Atlas World Group’s 41st Annual Corporate Relocation Survey | |||
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FACTORS IN RELOCATION—II |
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| 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 | |||
| Transferees | New hires | ||
| Full reimbursement of relocation expenses | 63% (55%) | 54% (42%) | |
| Lump-sum payment | 44% 32%) | 49% (31%) | |
| Partial reimbursement based on salary, position, etc. | 37% (30) | 41% (43%) | |
| No reimbursement of relocation expenses | 6% (5%) | 5% (8%) | |
| What reasons did employees give for declining relocation? ( ) indicates results from previous year | |||
| Family issues/ties | 62% (84%) | ||
| Housing/mortgage concerns | 50% (30%) | ||
| Cost of living in new location | 49% (49%) | ||
| Spouse/partner’s employment | 48% (49%) | ||
| No desire to relocate | 45% (43%) | ||
| Personal reasons | 41% (33%) | ||
| Could hurt career | 2% (3%) | ||
| Other | 2% (4%) | ||
| Source: Atlas World Group’s 41st Annual Corporate Relocation Survey | |||
Workforce Management, August 11, 2008, p. 31, 32 — Subscribe Now!