• Employee Relocation Management Market Intelligence | Analysis, Trends, Forecast, Outlook

Employee Relocation Management Market Description

The global market for employee relocation management is expected to reach $302 billion while growing at a constant CAGR of 3 to 4 percent. Factors such as transferee satisfaction, on-time delivery, and consultant’s knowledge and responsiveness are the key performance indicators, whereas factors such as increasing number of international assignments in the U.S., Western Europe, Australia, Singapore, Japan, India, and China are driving the market for relocation services. The outsourcing of relocation services to global service providers has been accelerated due to the increasing number of IT and consulting assignments, expansion of operations of Fortune 500 organizations in India, China, Brazil, and South America.

Regulatory complexity, inflation, and immigration restrictions in Latin American countries such as Argentina and Brazil are still not supported by global players, hence the market in these regions is still at a very nascent stage. The report also provides an overview of key relocation technology adoption trends, followed by global relocation drivers and constraints. The report also gives an overview of the regional market in areas such as North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Relocation Industry Trends
Key Relocation Technology Adoption Trends
Supply Trends and Insights
Global Supplier List and Service Capabilities

Employee Relocation Management Market Trend, Analysis & Forecast

Category Intelligence on Employee Relocation Management covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Employee Relocation Executive Summary

1.1 Executive Summary
1.2 Brexit Impact

2. Employee Relocation Market Analysis

2.1 Global Relocation Market Maturity
2.2 Global Relocation Industry Trends
2.3 Global Relocation Drivers and Constraints
2.4 Regional Market Outlook
2.5 Industry Outlook Relocation Affecting Factors
2.6 Porter’s Five Forces - Developed and emerging market

3. Employee Relocation Supply Analysis

3.1 Supply Market Outlook - Supply Trends and Insights
3.2 Technology Offerings - Supply Trends and Insight
3.3 Key Global & Regional Suppliers
3.4 Key Supplier Profiles
3.5 SWOT Analysis

4. Employee Relocation Cost and Pricing Analysis

4.1 Cost Structure Analysis Major Spend Categorization
4.2 Spend Contribution
4.3 Cost components and Expected Savings
4.4 Cost structure Analysis
4.5 Employee Relocation Cost Saving Opportunity
4.6 Pricing Analysis

5. Employee Relocation Procurement Best Practices

5.1 Sourcing Models
5.2 Sourcing Models – Comparative Analysis
5.3 Sourcing Models: Pro’s and Con’s
5.4 Engagement strategies
5.5 Cross Industry Sourcing Model Adoption
5.6 Pricing Models – Comparative Analysis
5.7 Key Success Factors for Implementation
5.8 Regional Pricing Best Practices
5.9 KPI and SLA components

Global Employee Relocation Industry Outlook

The global employee relocation market was valued at $29 billion in 2017 and is forecasted to grow at a CAGR of 3–4 percent to $32 billion by 2021.Increasing number of international assignments in the US, Western Europe, Australia, Singapore, Japan, India, and China are driving the relocation services market

employee-relocation-management-global-market-size

Global Employee Relocation Market Maturity

Rise in the number of international and domestic assignments have been the major drivers for the growth of employee relocation services market in North America and Europe.
Increasing number of IT and consulting assignments, expansion of operations of Fortune 500 organizations in India, China, Brazil, South Africa have accelerated outsourcing of relocation services to global service providers

Global Relocation Industry Trends

Buyers in North America and Europe are outsourcing relocation services to global players that can offer end to end solutions including technology platforms that can track the relocation process and expenses.
Regulatory complexity, inflation, and immigration restrictions in Latin American countries such as Brazil and Argentina are not supported by global players, hence the market is still at a nascent stage
International assignments are increasing in APAC and Middle East accelerating the demand of relocation services in this region.
The buyers have been opting for standalone services that support payroll, taxation, HHG, spousal support, etc., and regional/local niche players.
The pressure for cost reduction of relocation program is high. This is generally attained by shortening the tenure of the international assignment

Global Relocation Drivers and Constraints

Drivers

Expansion of Operations :Major companies are establishing facilities in developing countries. Developing economies like India are opening up for FDI from foreign players, thus increasing the number of foreign assignments and need for relocation
Recovery of Developed Economies: Western economies are recovering from recession and they are showing positive signs of growth, which would increase the number of foreign assignments
Technology Support and Adoption : Service providers are offering technology platforms that offer tracking and expense management solutions for buyers. Communication and corporate support has become easier

Constraints

Cost of International Assignments: HR managers often fail to estimate the total cost for international assignments. Currency fluctuations and retention of talent are also major factors that impact the cost of relocation
Tax and Immigration : Tiered policies are implemented as per different relocation program like tax grabs is one of the major constraint in easy transitioning of an expat. For example, income tax is assessed on family or household basis in France
Trump Effect: The new orders from Trump could impact the international relocation, especially the inbound movement to the US