Latest news with #JackGriffin
Forbes
20-05-2025
- Business
- Forbes
Why 67% Of Gen Z Would Relocate For Work
As more companies lean into return-to-work mandates, many remote workers are faced with a choice: relocate or quit. 67% of Gen Z are willing to relocate for a good job Would you relocate for your job? Moving for work is a big decision, but one that two-thirds of Gen Z workers are willing to make. Whether because they realize the irreplaceable value of on-site mentoring and networking or because they're less constrained by family obligations, today's youngest working cohort is surprisingly willing to pull up their roots for work. Of course, these young professionals will only relocate for what they define as a 'good job.' And their definition may not always align with traditional markers of rewarding work. Deloitte's 2025 Gen Z and Millennial Survey found that instead of climbing the career ladder toward a senior leadership role, fully 94% of Gen Z workers want something less prestigious, but perhaps more conducive to work-life balance. This year, moving season may be more active than usual. According to Atlas' 58th annual Corporate Relocation Survey, which is the industry's first and longest-running study analyzing talent mobility trends, work-related relocations are expected to rise in 2025. Last year, in-person workers doubled from 34% to 68% while remote work declined from 44% to 17%. 'Our study found an increased willingness for workers to relocate for work as relocation volumes and budgets rose in 2024,' says Jack Griffin, CEO and Chairman of Atlas World Group. Of the companies surveyed, 60% of companies have a full on-site return-to-work plan in their 2024–2025 policies—prompting a cascade of relocation decisions on both sides of the employer-employee relationship. Atlas' study also found that it's not just workers considering a move. Thirty percent of companies are considering relocating their offices to areas where talent and business friendly environments already exist. 'Two primary factors are driving this trend: companies want access to talent in particular markets and they want to operate in a more business-friendly environment,' says Griffin. 'This aligns with the increase in the number of companies that cited a lack of qualified talent as a factor for relocations in 2024, in addition to the tightening of the labor market.' If nearly a third of the companies surveyed move their operations, this will likely cause more workers to follow their jobs to a whole new neighborhood. Of course, many workers faced with the choice to relocate or resign will choose the latter. The survey found family to be the leading reason why employees turn down relocation offers, with 35% of companies citing family ties as a key factor. Also of note is the fact that 15% of respondents cited support for a spouse's or partner's employment as a major reason for declining a relocation offer. 'These factors underscore the continued challenge many employees, particularly women, face while balancing a career,' says Griffin. The uncertain housing market may also pose a challenge to talent mobility, as rising mortgage rates make people hesitant to give up their existing lower rates. All of this combined can create what companies call the 'lock-in effect' where, for a variety of reasons, workers dig in their heels and refuse relocation offers. To combat the lock-in effect, Griffin says companies are moving away from traditional one-size-fits-all relocation packages and adopting tailored benefits that address individual employee levels and specific relocation needs. 'Many have significantly increased financial support for relocations, with a notable decrease in declines due to insufficient funds,' he says. 'This includes expanding offerings like home purchase loans and bonuses for employee-generated home sales, while adjusting other financial incentives to reflect the changing market.' No matter how sweet the deal, a relocation offer will always be a big ask—and one that could lead to some turnover. 'We found in our survey that 47% of companies reported losing good employees due to relocation policies,' says Griffin. 'Additionally, the potential replacement costs for these workers can be substantial, reaching up to 200% of a leader's salary and up to 80% for technical professionals.' When I asked Griffin if companies ever roll back their relocation offers to allow remote work instead, he indicated such a move is uncommon. 'However, companies may be motivated to negotiate with their employees to avoid these losses,' he says. 'This is also further evidence that an increasing trend towards customized relocation benefits show a willingness to be flexible, which can help retain talent.' If your company is requiring you to relocate and you're not enthused about the idea, you may have some options. 'We are seeing more companies shift towards customized relocation benefits rather than a one-size-fits-all policy for employees,' says Griffin. 'This opens up the opportunity for employees to negotiate alternative options that could help the employer retain the talent while the employee can continue to advance their career.' Instead of a full relocation, you could try to negotiate one or more of the following accommodations: The choice to relocate for work is a highly personal one that likely affects more people than just yourself. It's important to weigh all the pros and cons before making your decision—whichever way it goes.
Yahoo
19-03-2025
- Business
- Yahoo
Atlas World Group chairman, CEO honored with lifetime achievement award
HENDERSON, Ky. (WEHT) – Officials say Atlas World Group, a leading provider of transportation, moving and storage services around the globe, announced Chairman and CEO Jack Griffin's recognition as the 2025 'Moving and Storage Institute Lifetime Achievement Award' winner. Officials explain this prestigious recognition aims to highlight longtime industry leaders for their significant contributions to advancement in the field. During his 16-year tenure with Atlas, Griffin 'spearheaded' the advancement of the company, its agents and even competitors in the moving and transportation industry. His efforts range from revamping Atlas' pricing model, integrating artificial intelligence into the moving process, welcoming Suddath Moving and Storage back into the Atlas Agent family and advocating for key industry issues. Evansville officials say $20M for lowering emissions 'suspended' 'This recognition is a testament to the dedication of the entire Atlas team. Through innovation and a focus on excellent service, the Atlas family moves the industry and the world forward,' Griffin said. 'I am incredibly proud of the work put in by our team, both on and off the road, that drives continued success and strengthens the impact we have on the people we serve.' According to Atlas World Group, in addition to his influence throughout the moving and storage industry, Griffin has advanced the company's footprint across the relocation management and logistics industries. Under his leadership, Atlas Van Lines has reinforced its position as a 'seasoned' corporate relocation services provider and a 'trusted' resource for trends in the space by publishing the industry's first and longest-running Corporate Relocation Survey. His guidance and strategic vision have also led to the expansion of Atlas Logistics and its tailored supply chain solutions. D-Patrick to present donation to Youth First on Friday 'This award is undoubtedly the highest honor within the moving and storage industry, and I cannot think of anyone more deserving,' said Ryan McConnell, President and COO of Atlas Van Lines. 'Jack exemplifies what it means to be a true titan of the industry, setting the standard for excellence while leaving a lasting impact on his colleagues and the industry as a whole.' Officials say throughout his more than 30 years of working in the industry, Griffin has been an 'active and instrumental' force. His award win comes as he recently extended his contract as CEO of Atlas World Group. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
