Employee Relocation Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Every organization and its procurement team look forward to negotiating the best deal while procuring a set of products or subscribing to services. Rate benchmarking involves price/cost comparison of more than one set of products/services to analyze the most efficient combination that can potentially help the procurement team in getting the optimum rate.

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.

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Labor cost is one of the key components of the total incurred costs while offering a product or service. Therefore, an organization must decide on whether the focus category should be retained in-house or outsourced if the organization is providing its products or services at competitive prices. If the organization decides in favor of outsourcing, it must understand the difference in the salary structures of suppliers before selecting a supplier and formulating a negotiation strategy.

According to our research, the relocation specialist at Cartus Corporation receives a 6% - 7% higher base salary compared to the salary received by the relocation specialist working in companies such as Signature Relocation, and Aires. However, the year-on-year increment rate in all these companies majorly depends on the Key Result Areas (KRAs).

Organizations may find it cumbersome to continuously track all the latest developments in their supplier landscape. Outsourcing the activities related to gathering intelligence allows organizations to focus on their core offerings. At this juncture, our newsletter service can help organizations stay updated with the latest developments and innovations and subsequently assist in preventing disruptions in the supply chain. We have identified the following developments within the employee relocation category over the last two years:

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).