US FOCUS
employees relocating is under 36 years, driving more entry-level and mid-level positions as well as the approach and what’s important to relocating young professionals.”
In search of growth As expansion into overseas markets continues, where are US companies sending their international assignees? A recent survey of international
relocation destinations by Cartus showed that US-based employees were most likely to be relocated to the UK, Canada or China. Other destinations in the Cartus top ten were India, Singapore, Germany, Japan, the Netherlands, Saudi Arabia and Australia. “The global search for growth
opportunities and talent is continuing to drive mobility, even in the face of macroeconomic headwinds,” says Matt Spinolo, executive VP at Cartus. “At the same time, global companies based in the developing world are looking to tap markets in developed economies like the US, the UK and Europe. That requires talented executives on the ground. “So while talent historically has migrated primarily from developed
to developing nations, we’re seeing increasing traffic moving in the opposite direction, too.” The latest annual Corporate Relocation
Survey from Atlas Van Lines shows relocations originating in the US going to a number of regions, with Canada (34 per cent), Asia (29 per cent), the UK (23 per cent), Western Europe (22 per cent) and Eastern Europe (22 per cent) making up the top six. The US was once again the top region for intraregional transfers. “Despite comparatively sluggish
economies in key markets, global economic integration is increasing, as companies seek new markets to drive growth, “ says Dale Collins. “Growth is an imperative for companies and brands, and to grow, you must have a meaningful presence in the largest developing economies, like China, India and Brazil.
US still a mobility magnet Year after year, the US features as a top relocation destination in major global mobility surveys. Where are the moves coming from and why, and what are the main industry sectors?
Among Cartus’s clients, the top three
countries sending volume into the US are India, Canada and the UK. “The vast majority of the volume from
India,” says Matt Spinolo, “continues to be IT-related technicians and professionals. Some of these employees work for IT firms that sell consulting, customisation, and installation projects to other firms, and some are in-house IT technical staff. “There are some oil-related transfers
from Canada back to the US as the low world market price of oil shutters development projects and slows other production sites with high costs. Additionally, Canada has become a source
of software-development
talent, and some of our volume relates to companies repositioning talent to support new projects elsewhere.” Of the UK, Matt Spinolo says, “Our
clients seem reasonably active both in and out, and our volume is a mix of f inancial, IT, industrial and consumer goods firms rotating talent.” China, Brazil, Singapore, Mexico, the
Netherlands, Australia and Germany complete the Cartus top ten.
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