As the global economy stabilized and companies adapted to new workforce dynamics, 2024 marked a pivotal year in corporate relocation. The 58th Annual Atlas® Corporate Relocation Survey reveals how organizations responded to shifting economic conditions, workforce expectations, and technological advancements. Here's a breakdown of the most significant changes from 2023 to 2024—and what lies ahead in 2025.
Key Shifts from 2023 to 2024
1. Relocation Volumes and Budgets Stabilized
- Domestic relocations increased by 3%, while international relocations dropped by 9%.
- 58% of companies increased their relocation budgets, though fewer reported significant increases compared to 2023.
- Companies spent more to relocate the same or fewer employees, reflecting rising costs and more selective mobility strategies.
2. Economic Conditions Took Center Stage
- 50% of companies cited economic conditions as the top external factor impacting relocation, up 15% from 2023.
3. Employee Willingness to Relocate Improved
- Only 58% of companies reported employees declining relocation, down from 64% in 2023.
- Family responsibilities and spousal employment remained the top reasons for declining.
4. Relocation Policies Became More Flexible
- Fixed benefits became more policy-dependent (32% in 2024 vs. 6% in 2023).
- Flexible benefits also shifted toward policy-based eligibility.
- Lump-sum payments remained common but were increasingly tailored by employee level and relocation type.
5. AI Integration Accelerated
- AI was most commonly used for:
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- Resume screening
- Budget tracking
- Relocation payment calculations
- AI usage dropped for writing emails, training documents and policies.
6. Return-to-Office Momentum Grew
- 60% of companies implemented full on-site return-to-work plans, up 7 points from 2023.
- The top 3 constraints on remote work included technology requirements, location approval and working certain hours regardless of time zone.
What to Expect in 2025
1. Continued Budget Growth
- 44% of companies expect relocation budgets to increase in 2025.
- Despite global economic uncertainty, organizations remain committed to talent mobility.
2. More Strategic Relocation Decisions
- Companies are expected to:
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- Use alternative assignments (e.g., rotational placements, commuter roles) more frequently.
- Focus on employee-driven moves to support retention and flexibility.
3. Office Relocations on the Rise
- 30% of companies are considering moving offices to cities with better workforce availability and lower costs.
- This trend is expected to grow, especially in response to tax incentives and quality-of-life considerations.
4. AI Investment Will Expand
- 62% of companies expect to increase AI usage in 2025, particularly in HR and relocation functions.
- AI will continue to streamline processes and enhance personalization in relocation support.
Final Thoughts
The ATLAS Corporate Relocation Survey provides ample benchmarking opportunities for corporate relocation professionals.