More than 30 percent of Michigan companies that participated in a recent study by Atlas Van Lines said they relocated 200 employees or more in 2013, up from 20 percent in 2012.
On a national level, the 47th Annual Corporate Relocation Survey found that 41 percent of companies saw relocation volumes increase in 2013.
“The latest insights from our longest-running industry survey indicate continued recovery in economic and relocation trends,” says Jack Griffin, president and COO of Atlas World Group. “It is promising to see a consistently improving relocation landscape and know corporate America and the overall economy are reaping the benefits.”
Of those surveyed, 46 percent state the growth of the company had the most significant impact on the number of employee relocations in 2013, with firm’s relocating 10 to 19 employees on average. More than half of all relocations last year were new hires.
The greatest relocation volume growth occurred for national and international firms, with around half reporting increases in 2013; roughly a third of these firms saw increases in budgets as well.
The Midwest (35 percent) remains the most popular destination within the U.S., followed by the South at 30 percent and Northeast at 28 percent. Within a single country, the U.S. ranks third (18 percent) behind Western Europe (22 percent) and Asia (27 percent) for the most relocations in 2013.
