Firms are increasing relocation budgets for employees

Volumes and budgets for relocation of employees are increasing at many companies in North America.

A survey from Atlas Van Lines, mostly of HR professionals, found that companies expect budgets and volumes to be roughly the same or more than last year.

Larger companies are more likely to see an increase in relocation budgets than smaller ones and the poll also reveals that international relocations are easing.

Family issues top the list of reasons employees decline relocation and the study also reveals a lower impact of housing and mortgage concerns.

Most firms polled (86%) said they offer incentives for employees who relocate including temporary housing benefits, relocation bonuses, and cost-of-living adjustments (COLAs) in salary at the new location.

US firms assisting employees with relocation are weighing tax changes and making adjustments accordingly.

The most popular policy adjustment across organization size is to gross-up taxable relocation benefits, with large firms being the most likely make this policy change.


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