RELOCATION VOLUME AND BUDGETS
The majority of companies reported that relocation volume and budgets increased in 2023, compared to 2022. In the United States, the number of prime-age workers in the labor force approached pre-pandemic norms.
- 31% of all companies reported a significant increase in the number of employees relocated in 2023, a 4-point increase from 27% reporting a significant increase in employees relocated in 2022 compared to 2021.
- 39% of all companies reported the number of employees relocated increased somewhat, a 3-point increase from 36% in 2022.
- 22% of companies in 2023 reported that the number of employees they relocated stayed the same, a 9-point dip from 31% of companies reporting the same in 2022.
- Around 1 in 4 companies reported that international relocations increased significantly in 2023, with 28% reporting international relocations increased somewhat. 38% of companies reported that the number of international relocations stayed mostly the same in 2023.
Most companies anticipate relocation volumes and budgets to increase in 2024 while predicting that their own financial performance and the state of the global economy will continue to improve, even if views on the global economy remain guarded.
- 60% of companies feel that their overall financial performance will be better in 2024 than in 2023.
- However, there was a significant degree of hesitancy, with 1 in 3 companies saying they felt that their financial performance would stay the same in 2024.
- 47% of companies feel that the state of the global economy will be better in 2024 than in 2023.
- 1 in 3 companies reported they anticipated the global economy to stay the same in 2024.
