It was recently reported that the number of employees relocating has risen to its highest level in recent years. Where are the majority of them heading?
In July, UniGroup Worldwide published their “Migration” report that was cited by the Wall Street Journal. The report highlights American's destination countries, as well as where people are traveling from to the US. The results show a rise of almost 47% in the number of American’s relocating to China for work over the last 3 years. The UK stays top of the table claiming 24% of all international relocations from the US.
The top 15 destination countries to move to from the US are:
1. United Kingdom 2. Germany 3. China 4. Australia 5. France 6. Switzerland 7. The Netherlands 8. Japan 9. India 10. Singapore 11. Malaysia 12. Brazil 13. Belgium 14. Italy 15. Israel
What percent of US employees relocate to each country?
Where has growth and reduction been most prominent? From the Wall Street Journal article:
The UK still receives the highest influx of assignees, but China is rapidly increasing as a target location for international relocations from the US. As there has been an average annual 10% growth in China's economy for over 25 years the results are not unexpected. What is expected is a continuation of this trend. With this type of growth many employees are looking for an international relocation to China as an opportunity to advance their careers.
As growth rates continue, many companies will attempt to leverage local leadership in China to develop other emerging Asian markets. Companies are expected to continue focusing on relocating employees to the BRIC countries (Brazil, Russia, India and China) and to expand into their local and surrounding emerging markets. This is highlighted by Brazil's entry into the top 15 for the first time in 4 years.
Wherever you are relocating employees in the world, ask Farthingtons Relocation to help with or manage your international relocation needs. With over 30 years experience developing and managing relocation programs for clients in every major industry, Farthingtons has to be your first choice relocation partner. Contact us today for more information!