STOCK TITAN

New Year, New City? Workers And Managers Reveal Relocation Plans Amid Pandemic

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

According to a new study by Robert Half, 51% of professionals would consider relocating if offered long-term remote work. Additionally, 4% have already moved. HR managers report that 50% of companies allow temporary relocation, while 38% support permanent moves. Reasons for relocation include a change of scenery (37%) and lower living costs (22%), though 75% of workers are unwilling to accept pay cuts. Companies are reassessing salary structures based on office locations. The rise of remote work is prompting a shift in hiring practices and investments in technology and employee well-being.

Positive
  • 51% of workers would consider relocating for remote work.
  • 50% of companies permit temporary relocation.
  • 38% of companies support permanent relocation.
Negative
  • 75% of workers are unwilling to accept pay cuts for relocation.

MENLO PARK, Calif., Jan. 21, 2021 /PRNewswire/ -- A new study by global staffing firm Robert Half shows relocation is a big consideration for professionals and employers right now. More than half of workers surveyed (51%) said they would consider moving to a different city if their company offered long-term remote arrangements, and another 4% have already made a move. A separate poll of human resources (HR) managers suggests many companies are open to the idea of an anywhere workforce: 50% of respondents reported their organization has allowed current staff to relocate temporarily, and another 38% noted their employer was supportive of permanent moves.

View an infographic of the research highlights.

Why Workers Want to Relocate
While the motivation to relocate may vary, common reasons cited by workers include a change of scenery (37%) and lower cost of living (22%). However, the research shows salary remains a priority for most professionals: 75% would not be willing to take a pay cut in their current job if they were to move.

"Pre-pandemic, job location was a big factor in where people chose to live," said Paul McDonald, senior executive director at Robert Half. "As many employees continue to work from home successfully, they're considering how a move might improve their quality of life, particularly if they can keep their current salary."

How Employers Are Addressing Pay
As employees set sights on moving to a new city, companies are having to reconsider how they approach pay. HR managers said they will determine salary for current staff who choose to relocate by:

  • The company's office location: 74%
  • The employee's new location: 23%
  • A decision hasn't been made: 3%

McDonald noted, "While some employees are making temporary moves, the anywhere workforce is here to stay. Adopting a flexible mindset will be critical for companies and professionals who want to thrive in a highly dynamic business environment."

Robert Half identifies three staffing trends driven by the rise of the dispersed workforce:

  1. The talent pool will become an ocean. As organizations increasingly adopt a remote-first approach, they're realizing the value of recruiting outside their city. Hiring managers can avoid wading through a flood of resumes and gain direct access to top candidates by partnering with a staffing firm.
  2. Investments are shifting. Companies are channeling more budget into technology that supports secure remote work and seamless collaboration, as well as employee health and well-being programs and benefits.
  3. Effective onboarding and offboarding are critical. While virtual onboarding has already replaced the in-person orientation process at many organizations, employers also need to reimagine how they handle employee exits from a distance.

About the Research
The online surveys were developed by Robert Half and conducted by independent research firms from October 27 to December 18, 2020. They include responses from more than 1,000 workers 18 years of age or older and more than 1,000 human resources managers at companies in 28 major U.S. cities with 20 or more employees.

About Robert Half
Founded in 1948, Robert Half is the world's first and largest specialized staffing firm. The company has more than 300 staffing locations worldwide and offers hiring and job search services at roberthalf.com. For additional management and career advice, visit the Robert Half blog at roberthalf.com/blog.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/new-year-new-city-workers-and-managers-reveal-relocation-plans-amid-pandemic-301212010.html

SOURCE Robert Half

FAQ

What percentage of workers consider relocation according to the Robert Half study?

51% of workers surveyed by Robert Half said they would consider relocating for long-term remote work.

How many companies support employee relocation?

The study shows that 50% of companies allow temporary relocation, while 38% support permanent moves.

What are the main reasons workers want to relocate?

The common reasons include a change of scenery (37%) and lower cost of living (22%).

What salary considerations are companies making for relocating employees?

Companies are determining salaries based on the company's office location (74%) and the employee's new location (23%).

When was the research conducted for Robert Half's study?

The online surveys were conducted from October 27 to December 18, 2020.

Robert Half Inc.

NYSE:RHI

RHI Rankings

RHI Latest News

RHI Stock Data

7.37B
100.12M
3.04%
97.13%
6.52%
Staffing & Employment Services
Services-help Supply Services
Link
United States of America
MENLO PARK