Survey Shows Increase in Employee Transfers
The overall number of employee relocations occurring in the nation this year could increase by as much as 3%, compared to 1987 transfers, according to a survey by the Employee Relocation Council.
More than 450 companies surveyed by the nonprofit professional association expected such an increase, which would create a rise in corporate transfers of 7% from 1986 to year-end 1988.
The companies in the survey spent an average of $35,705 to relocate a home-owning current employee in 1987, and $23,501 to relocate a home-owning new hire. In 1986, the comparative figures were $33,381 and $22,737, respectively, ERC said.
Current-employee renters, though less costly to move, also increased expenses for the companies, rising from an average of $9,164 in 1986 to $10,115 in 1987.
New-hire renter costs rose as well, from $6,074 in 1986 to a high in 1987 of $6,627, ERC said.
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