Executive relocation has undergone a significant transformation over the past few decades. Having spent 28 years in the industry, I’ve witnessed firsthand how executives’ attitudes toward relocation have shifted. Gone are the days when an executive would move at a moment’s notice for a $50,000 salary increase and a fancier title. Today, the decision to relocate is far more complex, influenced by family priorities, lifestyle preferences, and the broader corporate landscape.
The Family Factor in Executive Relocation
One of the most significant shifts in executive relocation is the priority placed on family stability. Many executives earning $200,000 or more per year at the VP or C-suite level have families, often with children in middle or high school. Unlike 20 years ago, today’s executives are far less likely to uproot their families solely for career advancement.
Why? Maintaining a child’s social, academic, and athletic life is now a top priority. Whether it’s school, sports, church, or community involvement, executives are more focused on preserving their children’s stability. This means that relocation for a new role is no longer just about career growth—it’s about balancing personal and family values with professional aspirations.
Career Sacrifices and Strategic Decisions
Executives who choose not to relocate often face difficult career decisions. For example, a chief-level executive earning $300,000 in a mid-sized market might find limited opportunities for lateral moves within the same industry. If they decide to prioritize their family’s stability, they may step down to a VP role, become a consultant, or explore interim executive positions.
While these choices often come with trade-offs, many executives find peace in aligning their career decisions with their personal values. However, there is always the lingering question: “Am I limiting my long-term earning potential?” This internal struggle is common, and many executives grapple with balancing career progression with family needs.