In its newly released 2014 U.S. Transfer Volume & Cost Survey, The Worldwide Employee Relocation Council reports that U.S. companies relocating employees saw a 10 percent increase in current employee transfer volume in 2013 over 2012.
The survey, reflects responses from member organizations across a variety of industries. Projections for 2014 see participants relocating an average of 379 employees by the end of 2014 vs. 355 for 2013.
Additional survey findings reveal:
- Employee reluctance to relocate dropped a significant 16% from the previous years’ survey.
- Five mobility related expense areas increased nominally on average, from 2012 to 2013, including federal tax liability, travel and lodging at the time of the move, bonuses/incentives given for employee-generated homesales and homesale assistance.
- The average cost to relocate a current employee homeowner in 2013 was $90,219 which is 1% less than the $91,528 reported for 2012.
- The average cost to relocate a new hire homeowner remained unchanged at $71,952.
- Average renter relocation costs were also unchanged at $24,995
Overall the 2014 relocation survey shows the influence of an improving U.S. economy and a healthier real estate market.
To download a complete copy of the survey click here: 2014 Relocation Survey
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