Cartus Unveils Insights from Inaugural Global Talent Mobility Survey 2024

Rhea-AI Summary

Cartus , a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), releases the Global Talent Mobility Survey 2024, focusing on optimizing employee experience and cost control in corporate relocation. The report highlights the challenges faced by HR and mobility professionals in balancing human touch with technological advancements, with key findings revealing increased mobility volume due to a lack of local talent and company growth.

Positive

• Cartus releases the Global Talent Mobility Survey 2024, emphasizing the importance of optimizing employee experience and cost control in corporate relocation.
• The report addresses the challenges of balancing human touch with rapid technological advancements in mobility programs.
• Key findings indicate a rise in mobility volume driven by the absence of local talent and company expansion into new markets.
• HR and mobility professionals are under pressure to enhance in-house mobility processes and optimize operations.
• The report offers valuable insights and recommendations for navigating the evolving landscape of talent mobility.

Negative

• None.

A majority of HR and mobility professionals attribute increases in corporate relocation volume to lack of local talent

DANBURY, Conn., March 27, 2024 /PRNewswire/ -- Cartus Corporation, an Anywhere Real Estate Inc. (NYSE: HOUS) company and global leader in corporate relocation solutions, announces the release of its Global Talent Mobility Survey 2024. Subtitled "The great balancing act: optimizing the employee experience while controlling costs", the report delves into key aspects of corporate mobility programs with international (cross-border) move volume, exploring critical areas such as talent management strategy; employee experience; flexible mobility; diversity, equity, and inclusion (DEI); and cost management.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9248751-cartus-global-talent-mobility-survey-2024/

Demographics
The survey encapsulates perspectives from 138 respondents across diverse sectors like construction, consumer goods, education, energy/oil and gas, gaming, finance, insurance, pharma, manufacturing, recruitment, retail, tech, and service. Two thirds of respondents are from in-house global mobility/relocation functions, with an additional 20% from HR/people/talent-based roles.

2024 Relo Trends
Cartus' report underscores the delicate balance between providing a positive experience for relocating families and the imperative to reduce mobility costs. The research also highlights increasing pressure on HR and mobility professionals to strike a balance between the human touch and rapid technological advancement.

"Our Global Talent Mobility Survey demonstrates Cartus' commitment to pioneering thought leadership, offering invaluable benchmarking insights and recommendations from our Cartus experts," explains Matt Tebbe, Cartus President and CEO. "The report equips HR and mobility professionals with the necessary tools to navigate the rapidly evolving realm of talent mobility."

Key Findings:

• The top mobility priority for 2024 is the enhancement of in-house mobility processes and optimization.
• Mobility volume has increased or stayed the same for 70% of respondents, primarily driven by the absence of local talent, company growth, and expansion into different markets.
• The types of mobility activity anticipated for 2024 include business traveler (68%); intra-country, international long-term, and international short-term moves (67%); and employee-requested moves (60%).
• There was a slight downtick in expected budget approval challenges compared to last year (57% in 2024 vs. 67% in 2023).
• The US and China are the most challenging relocation destinations.

Access the full survey report: cartus.com.

About Cartus
Cartus Corporation, a global leader in talent mobility and a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), delivers the full spectrum of corporate relocation services to organizations of all sizes across the world. These include more than a third of Fortune 100 companies as well as hundreds of clients with small-to-mid-size programs serviced through their dedicated Cartus Insignia^SM segment.

Media Contact
Trevor Macomber
Cartus Director, Growth Enablement—Branding & Communications
trevor.macomber@cartus.com

 

 

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SOURCE Cartus

FAQ

What is the title of the Global Talent Mobility Survey 2024 released by Cartus ?

The title of the Global Talent Mobility Survey 2024 released by Cartus is 'The great balancing act: optimizing the employee experience while controlling costs'.

What is the ticker symbol for Anywhere Real Estate Inc.?

The ticker symbol for Anywhere Real Estate Inc. is 'HOUS'.

What are the key aspects explored in the Global Talent Mobility Survey 2024?

The key aspects explored in the Global Talent Mobility Survey 2024 include talent management strategy, employee experience, flexible mobility, diversity, equity, and inclusion (DEI), and cost management.

What percentage of respondents reported an increase in mobility volume in 2024?

70% of respondents reported an increase in mobility volume in 2024.

What are the anticipated types of mobility activities for 2024 according to the report?

The anticipated types of mobility activities for 2024 include business traveler (68%); intra-country, international long-term, and international short-term moves (67%); and employee-requested moves (60%).