In its newly released 2013 U.S. Transfer Volume & Cost Survey, The Worldwide Employee Relocation Council reports that U.S. companies relocating employees saw a 6 percent increase in current employee transfer volume in 2012 over 2011. The survey, reflects responses from member organizations across a variety of industries. On average, respondents reported relocating 327 current employees in 2012, and anticipate relocating 348 by the end of this year.
Additional survey findings reveal:
- Organizations project an overall increase in transfer volume of 6 percent again in the period from 2012 to 2013.
- In 2012, the average cost to relocate a current employee homeowner was $91,528; a 6 percent decrease from 2011.
- Five mobility related expense areas increased by 5 percent, on average, from 2011 to 2012, including federal tax liability, travel and lodging at the time of the move, bonuses/incentives given for employee-generated homesales and homesale assistance.
- Sixty-one percent of respondents fully outsource the mobility function, while another 30 percent outsource selected aspects of the mobility function.
While improvements in many real estate markets and a rebounding U.S. economy are promising for domestic mobility many continue to feel the effects of uncertainty post recession.
To download a complete copy of the survey click here: 2013 Relocation Survey