In its newly released 2015 Transfer Volume and Cost Survey, Worldwide ERC® reports that companies relocating employees saw a four percent increase in transfer volume among current employees and a seven percent increase among new hires.
This survey reflects responses from organizations across a variety of industries. On average, respondents projected relocating 280 current employees and 98 new hires within the U.S. in 2015.
Additional survey findings reveal:
- Combined current employee and new hire demographics noted that on average, 55 percent were renters in 2014, a small decrease from 57 percent in 2013.
- About 80 percent of current employee relocations in the U.S. are interstate moves vs. intrastate moves.
- Since 2012, employee reluctance to relocate within the U.S has decreased dramatically. Currently 35 percent of firms report experiencing some problems with reluctance, compared to 78 percent in 2012.
- On average, companies provide employees two weeks to accept or reject a transfer offer, and approximately one month to report to the new location.
- In 2014, the average cost to transfer a home-owning, current employee dipped five percent to $85,673.
- In 2014, the average cost to transfer a renting, current employee increased nine percent to $27,327.
Conducted in March-May 2015, this survey includes data from 97 mobility professionals responsible for managing or administering their organizations’ mobility programs worldwide. Complete survey results are available by clicking on the link below: