Employee Relocation Procurement Intelligence
In this employee relocation procurement intelligence report, we have estimated the pricing of the key cost components. Labor costs, packing/unpacking service, transportation, temporary housing, taxes, and others are some of the key cost components of the category. The cost of employee relocation can vary from business to business as there are ways businesses can calculate and reduce their expenditures. Generally, for renters’ relocation packages can cost around USD 19,000 to USD 24,000. Whereas, for a homeowner, it may cost from USD 72,000 to USD 97,000. Relocation management companies offer various packages that cover all the expenses incurred in relocating an employee.
A tax gross-up involves augmenting the overall payment amount to account for the taxes that need to be deducted from that payment. For instance, if an employee requires USD 5,000 for relocation expenses, in order to guarantee that the employee receives the complete necessary sum of USD 5,000, employer would provide gross wages exceeding USD 5,000, which would account for the tax expenses.
Order your copy of the Employee Relocation category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Employee Relocation
- Industry Served - 20%
- Revenue Generated - 15%
- Employee Strength - 15%
- Geographical Service Provisions - 15%
- Years in Service - 15%
- Key Clients - 10%
- Certifications - 10%
Functional Capabilities - Employee Relocation
- Pre-Move Assistance & Planning - 17%
- Real Estate Assistance - 17%
- Tavel Arrangements - 17%
- Cultural & Language Support - 17%
- Family Support - 16%
- Others - 16%
Rate Benchmarking
When analyzing rate benchmarking of employee relocation, fuel rates play an important role, as transportation is the crucial cost component in relocation. For instance, in 2023, Global gasoline prices are around USD 2.8 per gallon.
According to the U.S. Energy Information Administration (EIA) August 2023 report, average diesel fuel prices were around USD 4.24 per gallon in the U.S. This ongoing upward trend in diesel prices since mid-July persisted with the latest average price. Although the national average prices experienced an increase of nearly 12 cents in the last week of July 2023, the overall costs are still 75 cents per gallon lower compared to the previous year.
In our study, we have also analyzed the rate of moving household goods. In the U.S. rate of moving for 1 - 500 miles can cost around USD 159.03. Similarly, for 1,001 - 1,500 miles it may cost 191.82 USD as of 2023.
Supplier Newsletter
In August 2023, Workia a startup backed by Equus Software developed software as a service tool to transform employee mobility management. This will transform the complex, and traditional process of managing employee relocation with the use of spreadsheets, and files locally stored in a centralized platform.
In June 2023, Settly an American-based employee relocation platform company raised funding of USD 6.52 million to transform the future of work. The company will use these funds to expand its product offering and grow its operations globally.
In March 2023, WHR Global, an employee relocation service company, unveiled its latest enterprise-level business intelligence tool engineered to cater to the expanding requirements of its clients. Branded as WHR Insights, this innovative tool comprises a collection of interactive data visualizations seamlessly integrated into the WHR Client Portal. These visualizations are adaptable to individual client relocation schemes, benefits, policies, and key performance indicators (KPIs).
List of Key Suppliers
- Signature Relocation
- Aires
- Graebel Companies
- NRI Relocation
- WHR Global Employee Relocation
- Cartus Corporation
- Altair Global
- Sirva Worldwide
- Atlas Van Lines
- Allied Van Lines
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Employee Relocation Procurement Intelligence Report Scope
- Employee Relocation Category Growth Rate : CAGR of 1.2% from 2023 to 2030
- Pricing Growth Outlook : 2% - 3% (Annually)
- Pricing Models : Lump sum pricing, direct billing pricing, reimbursement pricing, third-party pricing, competition-based pricing
- Supplier Selection Scope : End-to-end service, customization offered, cost and pricing, compliance, service reliability, and scalability
- Supplier Selection Criteria : Relocation packages available, global reach, customization option, services offered, technology and tools used, track record and reputation, regulatory compliance, and others
- Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
