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Employee Relocation Management
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Competitive Intelligence

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Abi will answer all Employee Relocation Management related
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Get up-to-date market and supplier info on Employee Relocation Management to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

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

Market Size

Market Size North America

$15.6 Bn

Market Size Europe

$6.2 Bn

Market Size Asia Pacific

$4.8 Bn

Market Size Middle East - Asia

$2 Bn

Table of contents

  1. Employee Relocation Executive Summary
  2. Executive Summary
  3. Impact of COVID-19 on Employee Relocation Industry
  1. Employee Relocation Market Analysis
  2. Global Relocation Market Maturity
  3. Global Relocation Industry Trends
  4. Global Relocation Drivers and Constraints
  5. Regional Market Outlook
  6. Industry Outlook Relocation Affecting Factors
  7. Porter's Five Forces - Developed and emerging market
  1. Cost and Pricing Analysis
  2. Cost Structure Analysis Major Spend Categorization
  3. Spend Contribution
  4. Cost components and Expected Savings
  5. Cost structure Analysis
  6. Employee Relocation Cost Saving Opportunity
  7. Pricing Analysis

 

  1. Employee Relocation Procurement Best Practices
  2. Sourcing Models
  3. Sourcing Models - Comparative Analysis
  4. Sourcing Models: Pro's and Con's
  5. Engagement strategies
  6. Cross Industry Sourcing Model Adoption
  7. Pricing Models - Comparative Analysis
  8. Key Success Factors for Implementation
  9. Regional Pricing Best Practices
  10. KPI and SLA components
  11. Negotiation and Cost Saving Opportunity

 

  1. Purchasing Process
  2. RFP/RFI Questionnaire

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Global Employee Relocation Industry Outlook

The global employee relocation market was estimated to be around $31.5 billion in 2019, and it is forecasted to grow at a CAGR of 3–4 percent to $33.5 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

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

Market Overview

Relocation industry trends show that the most adopted relocation tools are Assignment Management Solutions, Compensation Assignment, Cost Tracking, Self-Service Platform, Business Traveler Risk Assessments, Global Equity Tracker(Incentive Compliance).

As the relocation service requirement is for the developed markets, engaging with one of the start-ups will provide greater scope for assignees to verify and utilize the global supplier services, particularly real-estate services in the host country.

Expense management, temporary living, spousal career assistance, home finding, compensation and tax compliance, home sales, new home purchase and household goods movement are the major spend categories of the global relocation industry.

Employee relocation services procurement intelligence shows that end-to-end service providers offer the best savings opportunity for the buyers with minimal involvement in the process.

In-house, end-to-end service providers, bundled service providers, single service outsourcing, multiple supplier outsourcing, etc. are some procurement models.

Key success factors for Relocation Services Implementation include flexibility options, choice of service provider, transparent communication, and maturity in technology adoption. 

Why You Should Buy This Report

  • The report lists out the cost components, saving opportunities and does a cost and price trend analysis.
  • The report gives Porter’s five force analysis of emerging and developed markets.
  • It gives service portfolios and SWOT analysis of key employee relocation services suppliers like Santa Fe, Cartus Corporation, SIRVA Worldwide, etc.
  • Discover corporate relocation trends and supplier insights into the employee relocation industry.

 

Employee Relocation Management Frequently Asked Questions

  1. At what CAGR is the global employee relocation market expected to grow by 2021?
  2. According to Beroe’s industry reports, the global employee relocation market is forecasted to grow at a CAGR of 3-4 percent to reach a market value of $32 billion by 2021 from $29 billion in 2017.
  1. Which is the major driving factor for the relocation services market?
  2. The increasing number of international assignments in the U.S., Western Europe, Australia, Singapore, Japan, India, and China is the major driving factor for the global relocation services market.
  1. What are the key performance indicators of the global relocation services market?
  2. Transferee satisfaction, on-time delivery, and consultant’s knowledge and responsiveness are the key performance indicators of the global relocation industry.
  1. Who are the key players in the global relocation services market?
  2. Cartus, SIRVA, Brookfield, Santa Fe, Aires are the top service providers in the global relocation management services market.
  1. Which regions have high and medium supplier power in the global relocation services market?
  2. The high market maturity regions are the U.S., U.K., Australia, and Western Europe, whereas the regions with medium market maturity are Brazil, China, and Singapore.
  1. What are the key industry trends in the global relocation services market?
  2. The key industry trends in the global relocation management services market are – · Buyers in North America and Europe are outsourcing relocation services to global players that can offer end-to-end solutions. · Global players don’t support the regulatory complexity, inflation, and immigration restrictions in Latin American countries. · APAC and the Middle East are witnessing a rise in international assignments that accelerate the demand for relocation services. · The buyers have been opting for standalone services and regional niche players.
  1. What impact does the expansion of operations by major companies have on the global relocation services?
  2. The major companies are aiming at establishing and expanding their facilities in developing countries. As developing economies like India open up for FDI from foreign players, the number of foreign assignments driving the need for relocation is further increased.
  1. What are the market constraints for global relocation services?
  2. The global relocation services face the following market constraints. · Inaccurate estimation of the total cost for international assignments by HR managers. · Currency fluctuations and talent retention affect the cost of relocation. · Implementations of tiered policies as per different relocation programs like tax grabs present a constraint in the easy transitioning of an expat. · The new orders from Trump could impact international relocation, especially the inbound movement to the US.
  1. What are the major spending categories of the global relocation industry?
  2. Expense management, temporary living, spousal career assistance, home finding, compensation and tax compliance, home sales, new home purchase, and household goods movement are the major spending categories of the global relocation industry.

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