Relocation Volumes & Budgets – Overall & International

 

More Relocations Last Year, More Expected in 2016, Budgets Continue Rebounding

In 2015, essentially half of companies saw volume increases across company size, most markedly among mid-size firms (57%). Roughly half of firms relocating internationally saw volumes increase as well across firms of all sizes. Few firms saw any volume decreases overall. However, 20% of large firms saw declines in international relocation volumes. Expectations for 2016 are positive. Around four out of ten firms anticipate overall volumes to rise. Internationally, nearly half expect stability compared to 2015. A slight uptick in the percentage of firms expecting decreases is well within non-recessionary historical ranges and is not unexpected after a few years of relocation growth.

As volumes increased in the years after the Great Recession, budgets did not initially keep pace. However, in both 2014 and 2015, nearly half of companies indicate relocation budgets increased, and 41% believe their budgets will increase again in 2016. Last year, regardless of size, essentially half of all firms saw budget increases, and four out of ten expect further increases in 2016. Overall, expectations for 2016 appear to be further growth or stability for budgets, with very few expecting decreases. However, a slight uptick in firms expecting a budget decrease corresponds with the slight increase in those expecting lower volumes. But this does not appear to indicate any worrisome level of retraction.

  • Median numbers for relocations remained at historical, non-recessionary norms for large firms again this year (200-399) and returned to normative levels for small firms (1-9) after trending higher the previous year (10-19). The median for mid-size firms remains higher overall (50-99) for the second year in a row compared to previous, non-recessionary year norms (20-49).
  • The greatest growth in relocation occurred among national and international firms; more than half reported increases in overall volumes last year and roughly half of these firms saw budget increases as well. More than 40% of national and international firms expect both volume and budget increases in 2016; less than a third of regional firms hold this optimism.
  • While roughly half or more of firms across industries saw overall relocation volumes increase last year, financial firms (63%) saw the greatest increase, and 56% of these firms saw budgets increase as well. Expectations across industries, generally speaking, are similar for volumes and budgets overall.
Question 1
Number of employees relocated in 2015
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Question 2
Companies that relocate employees between countries
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Question 3
Is your company...
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Question 4
Compared to 2014, did the number of employees you relocated...
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Question 5
Compared to 2014, did your 2015 relocation budget...
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Question 6
The number of employees your company will relocate during 2016 will...
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Question 7
Do you anticipate that Your relocation budget in 2016 will...
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Question 43a
Did the number of employees your company relocated internationally during 2015...
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Question 43b
Do you anticipate that the number of employees your company will relocate internationally during 2016 will...
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