Long commutes may suck, but they sure beat moving for a new job, according to a Korn/Ferry survey. Executives would rather spend three hours or more a day commuting back and forth to work than relocate for a new job, and employers are increasingly accommodating their preferences, according to a survey conducted online in August by executive search firm Korn/Ferry International. MORE ON CIO.com How to Negotiate a Flexible Work Schedule Flextime and Telecommuting Your Workforce: Telecommuting Gets a Bad Rap Getting Clueful: Seven Things the CIO Should Know About Telecommuting Over half (55 percent) of the 198 Korn/Ferry headhunters who responded to the survey noted that convincing candidates to move for a new executive position is more difficult today than in the past. Rather than relocate, executives are opting for “extreme commuting” arrangements, whereby they travel to work by plane each week or commute by car for more than 90 minutes one way each day. Seventy percent of survey respondents say more candidates prefer extreme commuting over moving. The leading reason executives don’t want to relocate, according to the recruiters who took the survey, is they don’t want to uproot their families. Only 10 percent of recruiters cited housing market costs as executives’ rationale for not wanting to move. Reasons executives don’t want to relocate, according to survey respondents: Family ties 50% Lifestyle factors 27% Housing market costs 10% Other 8% Decreased relocation budgets 4% Stress involved in relocating 1% Source: Korn/Ferry International, survey results based on 198 Korn/Ferry International consultants.More and more employers are open to negotiating with executive candidates who don’t want to move. Four out of five executive recruiters, or 82 percent, said companies will consider increased business travel over moving for prospective employees.The high tech industry is the most receptive to extreme commuting, according to respondents, 40 percent of whom ranked that industry the highest. Other industries open to increased business travel include financial institutions and consumer products companies. Retailers and insurance companies rank among the least receptive to increased business travel as an alternative to relocation. When companies require a candidate to move for a job, 64 percent of executive recruiters say those employers make the inconvenience worth the candidate’s while by offering more money. What companies are doing to attract candidates to relocate: Additional compensation 64% Flexible work environment 40% Options for family visits 37% Corporate perks 24% Other 15% Additional vacation time 13% Higher titles 10% Source: Korn/Ferry International, survey results based on 198 Korn/Ferry International consultants. Related content feature 4 remedies to avoid cloud app migration headaches The compelling benefits of using proprietary cloud-native services come at a price: vendor lock-in. Here are ways CIOs can effectively plan without getting stuck. By Robert Mitchell Nov 29, 2023 9 mins CIO Managed Service Providers Managed IT Services case study Steps Gerresheimer takes to transform its IT CIO Zafer Nalbant explains what the medical packaging manufacturer does to modernize its IT through AI, automation, and hybrid cloud. By Jens Dose Nov 29, 2023 6 mins CIO SAP ServiceNow feature Per Scholas redefines IT hiring by diversifying the IT talent pipeline What started as a technology reclamation nonprofit has since transformed into a robust, tuition-free training program that seeks to redefine how companies fill tech skills gaps with rising talent. By Sarah K. White Nov 29, 2023 11 mins Diversity and Inclusion Hiring news Saudi Arabia will host the World Expo 2030 in Riyadh By Andrea Benito Nov 28, 2023 4 mins Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe