Atlas survey shows relocations and budgets up in 2022

Jun 07 | 2023

US-based Atlas® Van Lines has recently launched its 56th annual Corporate Relocation Survey, revealing that relocation volume and budgets are expected to increase in 2023 for around half of all companies, despite global economic factors and low workforce participation, which remain significant challenges for employers.

Atlas’ Corporate Relocation Survey is the industry's first and longest-running deep dive into corporate relocation policies and practices. Atlas Corporate Relocation Survey 2023

The survey included small, medium and large sized companies. Its key findings included: 68% of companies reported an increase in the overall number of employees relocated in 2022, a 7-point increase from 2021; 64% of companies reported an increase in 2022 relocation budget allocation, a 6-point increase from 2021; and 51% of companies reported an increase in international relocations, the lowest increase at only 2 points from 2021.

Economic and workforce impact
Economic conditions had a large impact on company relocations in 2022, with one-third of companies (34%) citing it as the most significant external factor. This is a decrease from 41% in 2021, which is a reflection of overall better financial performance for companies in 2022 as the acute impacts of the pandemic have eased. However, companies are reserved about the state of the global economy in 2023 as longer-lasting trends persist, including inflation, rising interest rates and fears of a recession. 

The Great Resignation, an ongoing economic trend that started in 2021 in which employees voluntarily resigned from their jobs, remains a challenge for employers who must attract and retain talent amid low-rate labour force participation, high quit rates, and employees’ shifting priorities for the workplace ...

Click here to read the full story in The Mover magazine.

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