Corporate relocation volumes and budgets are increasing, helping employees to more easily make a move for a job. In particular, 60% of mid-size firms with 500 to 4,999 salaried employees reported relocation budget increases, according to national moving company Atlas Van Lines’ Corporate Relocation Survey. About 40% of small firms (fewer than 500 salaried employees) and 40% 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. About 50% of firms say they plan to restructure their relocation policy, withhold taxable relocation benefits, and streamline relocation processes to reduce costs, the survey showed.