Newspaper article Evansville Courier & Press (2007-Current)

Northeast Tops in Move Survey Economy, Hope Boost Work Relocations

Newspaper article Evansville Courier & Press (2007-Current)

Northeast Tops in Move Survey Economy, Hope Boost Work Relocations

Article excerpt

Most people can only dream about what it must be like living in the Northeastern United States, known for the picturesque Berkshires, Hamptons, Martha's Vineyard and Cape Cod. According to the Atlas Van Lines' 45th annual Corporate Relocation Survey, the Northeast is the top destination of transfers.

It is trailed by the Midwest, the second choice; the South and then the West.

Internationally, Asia ranks as the most frequent relocation destination (41 percent). Western Europe had 35 percent of the vote.

More than one-fourth of firms said they expect international relocation volumes to increase this year while more than half (55 percent) expect levels to remain similar to 2011. The annual survey, which began about four decades ago, sheds light on the moving industry, corporate America and the economy's effect on relocation.

Jack Griffin, president and chief operating officer of Atlas World Group - Atlas Van Lines' parent company - said the majority of companies answering the 2012 survey expect volumes and budgets to remain static, with most remaining respondents expecting increases.

And most, 67 percent, of the relocation managers believe their respective companies will fare better in 2012. Griffin said the results are encouraging for Atlas Van Lines and its agent moving companies throughout the nation.

Here is a closer look at the study results

44 percent of executives believe the U.S. economy will improve in 2012.

26 percent of companies plan to relocate more workers this year than last year.

86 percent of companies will spend as much or more on relocation in 2012 than in 2011.

After progressively declining over the past two years, 65 percent of firms are offering relocated employees full reimbursement, far more often than a lump sum or partial reimbursement.

The impact of economic and market pressures on relocations appear to be lessening further.

In 2011, less than one-fifth of firms decreased relocations among entry level/new hires and middle management employees in response to these pressures, compared to roughly four out of 10 in 2008 and 2009. …

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