Traditionally people have moved in order to find work. But since the pandemic, so many workers have relocated that some companies are chasing their employees.
Tom Stringer is managing director at BDO where he advises companies on where to locate their new and expanded businesses. In this interview, Stringer says there can be a financial benefit to a company that moves to be close to its workforce if it results in a reduction of its overhead. But some are financially challenged by the prospect of relocating if they are already locked into long-term leases in high rent cities like New York, Chicago and San Francisco.
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Some Companies Are Literally Chasing Employees