The global Employee Relocation Management market reached a value of about USD 32 billion in 2021. The industry is projected to grow at a CAGR of around 2% in the forecast period of 2022-2027 to reach a value of about USD 35.75 billion by 2027.
The global Employee Relocation Management industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The increasing corporate investment in moving employees primarily drives the industry's growth. North America is the highest category spender by region, driving the demand for the Employee Relocation Management industry.
Employee relocation happens when a corporation transfers new personnel or current employees from one location to another and frequently attracts them with perks to make the transition more accessible and less expensive. The essentials of the programmes include policy formation, communication concerns, legal difficulties, and economic aspects. It encompasses relocation agreements, moving expenditures, family assistance, and housing and real estate difficulties in an employer relocation programme. The Employee Relocation Management industry report comprises segments by region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
North America holds the largest share in the industry due to the rise of the services due to an increase in foreign and domestic assignments. Moreover, the North American buyers are outsourcing relocation services to global companies that provide end-to-end solutions, including technological platforms that track the relocation process and expenditures.
The market propelled the growing investment in moving or luring new employees with relocation intentions. The ever-increasing demand for corporate relocations due to the expansion of business operations in emerging economies and the rise in international mobility assignments aid the market's development. Furthermore, in countries like Shanghai, Spain, and the Netherlands, immigration regulations are flexible, and work permits are more readily available, leading to the industry's growth. Additionally, major corporations are creating sites in emerging nations such as India to expand their operations. Also, the steady increase in corporate profits is likely to create opportunities for the service providers.
The global Employee Relocation Management industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Employee Relocation Management regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
Human resources or relocation/mobility managers move employees through some tasks. They have to work directly with internal business partners and chief operating officers and set and administer policies. While working with talent officers and managers, they identify individuals most suited for mobility possibilities. After working with procurement or financial officials, they must choose and manage a portfolio of suppliers and external service providers. When working with the legal department, they have to identify and reduce legal difficulties such as tax or immigration questions. The body in charge must plan out the entire programme from a strategic, financial, and operational standpoint. Like any other human resources programme, evaluations and metrics demonstrate the program's strategic usefulness.
The industry is witnessing growth due to technology platforms that let buyers track and control their expenses. Communication and corporate sponsorship have become much more straightforward. In addition, several remote management connections (RMC) are planned out of some form of centred technology. This might be what their developers created, or it could be off-the-shelf solutions modified to the RMC's needs. The employee's relocation advisor works outside of technology, usually suggesting action items for all approved services. Every item is specified with system triggers and touchpoints to ensure ongoing follow-through from the adviser, from spousal benefits to marketing assistance.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The various corporate sectors are making efforts to expand their geographic reach, fueled by global economic expansion. Employee relocation services are being used by buyers in multiple industries to successfully manage the costs of relocation, which include measures to improve employee capabilities.
1. Executive Summary
2. Employee Relocation Management Market Snapshot
2.1. Employee Relocation Management Market Outlook
2.2. Region Overview
2.2.1. North America
2.2.2. Asia Pacific
2.2.4. Latin America
2.2.5. Middle East and Africa
3. Impact of Recent Events
4. Employee Relocation Management Value Chain Analysis
5. Trade Analysis
6. Major Risk Factors in Sourcing
7. Employee Relocation Management Cost Structure
8. Employee Relocation Management Price Analysis
9. Key Demand Indicator Analysis
10. Key Price Indicator Analysis
11. Employee Relocation Management Market Dynamics
11.1. Drivers & Constraints
11.2. Industry Events
11.3. Innovations & Trends
11.4. Swot Analysis
11.5. Porter’s Five Forces
11.5.1. Buyer Power
11.5.2. Supplier Power
11.5.3. Threat of New Entrants
11.5.4. Threat of Substitutes
11.5.5. Industry Rivalry
12. Industry Best Practices
12.1. Sourcing Strategy
12.2. Procurement Model
12.3. Contract Structure
12.4. Negotiation Levers
12.5. Pricing Model
12.6. Key Factors Influencing the Quotation
13. Key Supplier Analysis
13.1. Santa Fe Relocation
13.2. BGRS, LLC
13.3. SIRVA Worldwide Relocation & Moving
13.4. Crown Worldwide Group
13.5. Cartus Corporation
The global Employee Relocation Management market size was valued at USD 32 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 2%.
The significant demand for the services due to growing business operations is one of the essential drivers of the Employee Relocation Management market growth.
Santa Fe Relocation, BGRS, LLC, SIRVA Worldwide Relocation & Moving, Crown Worldwide Group and Cartus Corporation are some of the prominent players in the market.
The North American region of the Employee Relocation Management industry holds a significant share in the market.
The global Employee Relocation Management market attained a value of USD 32 billion in 2021, driven by the growing investment in moving employees or luring new employees with relocation intentions. Aided by the adoption of technology platforms that allow buyers to track and control their expenses, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 2%. The market is projected to reach USD 35.75 billion by 2027. Some of the leading players in the industry are Santa Fe Relocation, BGRS, LLC, SIRVA Worldwide Relocation & Moving, Crown Worldwide Group and Cartus Corporation.
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