Worldwide ERC Releases 2015 Transfer Volume and Cost Survey Sponsored by Cartus
Worldwide ERC® has just released its 2015 Transfer Volume and Cost Survey, sponsored by Cartus. The survey reflects responses from organizations across a variety of industries, and highlights improved market conditions in the U.S., increased relocation volume, and a decline in employees’ reluctance to relocate. Among the survey findings:
- Companies relocating employees saw a four percent increase in relocation volume among current employees, and a seven percent increase among new hires in 2014 over 2013.
- 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.
- Respondents projected relocating 280 current employees and 98 new hires within the U.S. in 2015.
- 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.
- In 2014, the average cost to transfer a home-owning, current employee dipped five percent to $85,673, and the average cost to transfer a renting, current employee increased nine percent to $27,327.
Call your Cartus representative for more information on the survey report, or visit www.worldwideerc.org/research where you can review a complete list of research reports available through Worldwide ERC®.