Consolidation in the relocation industry was an inevitable part of the “New Normal”, which, as predicted by leading economists, sets a new paradigm for doing business after the recent financial crisis. Companies are re-inventing themselves to stay afloat and to ensure future growth. The recent acquisition of Primacy by CARTUS is an indication of this trend.

Clearly, all relocation management companies can handle significantly more relocation volume than is now taking place even considering a modest uptick in volume since last October. This extra capacity in the relocation industry, coupled with the above mentioned acquisition will likely result in more layoffs and office closures over time, as a result of inevitable redundancies., In the long run however, it will ultimately lead to a stronger relocation industry.

When the dust settles in the next 12 to 24 months, there will likely be five or six major, global relocation companies which will serve as a funnel for all supplier services and will likely manage 99% of the world’s relocation and assignment business. As a result, it could be difficult for smaller relocation companies that lack a global footprint to compete because, in the New Normal, most corporate clients will require global relocation services and account management to have a presence in-region, and in the same time zone.

The relocation industry is obviously changing. What made sense for relocation five or ten years ago, may not make sense today because of the New Normal.

In the New Normal, you should consider going out to bid for a new relocation provider, as relocation companies such as Paragon Relocation are offering a growing list of services and new incentives.

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Over the years, many corporations have developed domestic and international relocation programs in isolation of one another.   Often, these were inconsistent, disjointed programs that were often managed by different company functions and/or managers in numerous countries responding to various human resource requirements. As corporations become more integrated related to business units and the talent to support them, it is now clear that this approach may cause compliance issues and many inconsistencies in service and policy applications. 

In response to this, Paragon Relocation offers a ‘One World Global Relocation Program’ to assist corporations with the development and implementation of a truly integrated, global mobility program built upon common objectives and a foundation of strong mobility principles. 

The result is an integrated strategy that builds upon key elements for both Domestic and International Relocation.  

Building all plans based on a comprehensive, corporate-wide mobility philosophy is the best way to ensure consistent policy application and proper administrative procedures are implemented in accordance with legal and tax compliance issues.  A well–written and all-inclusive Global Relocation Program, when combined with centralized administration, and supported by regional service centers, whether internal or outsourced, will allow the corporation to implement a global mobility strategy  with significant cost savings.

The ‘One World Global Relocation Program’ recognizes that over the course of a career, an employee may be asked to move multiple times either within country and/or across borders. As such, from a talent management standpoint, the employee and family will experience similar service and benefits around the world ,consistent with overall global corporate benefits philosophy. Global companies seeking to grow depend on their talent and streamlined corporate mobility is fundamental to talent retention.

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Global moves in all shapes and sizes

People move to different destinations around the world for specific periods of time for specific purposes; therefore they need different benefits to fit their needs. Most often these benefits would be determined by the duration of the time the employee would need to be in a specific international destination. Typically these move types are divided into 3 segments: Short Term Assignments, Long Term Assignments and Global Permanent moves. In this month’s Paragon Pulse the survey respondents have indicated the elements of their international program design for each of these 3 segments by responding on a survey for each segment.

1. Short Term Assignments
When companies need to send an employee to another location for a short period of time that is longer than an extended business trip they send them on a Short Term Assignment. The Paragon Pulse survey results typically defined a short term assignment as a work related trip that would last 6-12 months…

For further reading and survey results, please click here.

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Please make note that the Dallas, Texas office will be relocating to a new expanded office suite in February of 2011. The new address will be:

633 East State Hwy 121 South
Suite 520
Coppell, TX 75019

Paragon will be communicating important dates in the month to come.

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