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The employee relocation services market is expected to witness category spend growth of USD 6.31 billion between 2018-2023, with spend momentum accelerating at a CAGR of 3.53% during the forecast period. This increasing spend in this market of employee relocation services is spurred by an exponential rise in merger and acquisition activities that are most prevalent in the technology and healthcare industries. Last year, the mergers and acquisitions market had accounted for deals worth over USD 10 billion. Global expansion, strong cash reserves, and improving profit margins are motivating such large-scale merger and acquisition activities which in turn will observe the establishment of newer facilities that will require a new batch of professionals. This will drive the demand for employee relocation services on a global scale. However, most of the key developed regions are facing a stark shortage of labor which is compelling them to liberalize their immigration laws that will invite skilled workforce from other countries. This will contribute to the spend growth of the market of employee relocation services to a significant extent.
In terms of spend growth, North America is holding a major share and is expected to grow at a stable rate. Despite an initial setback in the category spend growth owing to the popularity of the work-from-home culture in the US, an increase in the frequency of merger and acquisition activities will continue creating substantial demand for employee relocation services in the region. The spend growth of this market is also traced in Europe and in some of the developed countries in APAC. The rapidly depleting workforce is creating a pressing need to relax immigration policies in these regions which is attracting more employees in these regions. This will supplement the demand growth of the employee relocation services category in these regions.
This procurement market intelligence report offers a comprehensive overview of the current relocation industry trends and identifies the best procurement models to help enterprises procure employee relocation services at cost-effective rates. The report also provides information on the spend opportunity for suppliers and allows buyers to estimate the total cost of ownership.
Our portfolio of reports on the corporate services category help buyers understand:
This procurement intelligence report contains in-depth pricing insights for the procurement of employee relocation services. These pricing insights provide an overview and comparison of pricing models, supply chain margins, and the volume and cost drivers impacting pricing:
Optimize Category Spend for Employee Relocation Services
Considering the nature of the services, it is imperative that buyers determine the geographic footprint of suppliers that includes their ability to serve in all the regions of operation of buyers, either directly or through service partners. This enables buyers to develop engagement strategies such as association with a single service provider, which, in turn, leads to cost-saving opportunities.
This procurement market intelligence report on employee relocation services also offers a coverage of:
Build Strategies for Effective Supplier Selection
Buyers that partner with relocation service providers must ensure that the latter has proper knowledge about regional tax laws and policies. Service providers must also comply with policies related to immigration and cross-border taxation in the host country, and health and security policies prior to the commencement of the process.
This employee relocation services procurement market intelligence report identifies the major costs incurred by suppliers and provides additional information on:
Category managers are advised to assess factors such as the number of resources assigned by service providers for a particular contract, experience, and qualifications of these consultants in their respective domains, and the level of adoption of technologies for easy service monitoring and tracking. This will help buyers gain an understanding of service providers' ability to optimize resource utilization and provide cost savings
Key insights offered in this procurement market intelligence report on employee relocation services will help the buyers identify:
Information on the top employee relocation services suppliers and major relocation industry trends are highlighted in this procurement market intelligence report on employee relocation services. Download a free sample to access the report's complete scope of coverage.
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.