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Global relocation on the increase.

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Finance employees are relocating more than ever before in order to advance their careers.

A new report--"2012 Trends in Global Relocation"--says that expansion into emerging markets and a shortage of locally available talent are driving the increase.

The report, published by Cartus, reveals that mobility managers who responded to the survey have witnessed a 74 per cent increase in relocations since 2010, compared with a predicted increase of 47 per cent.

The respondents name 41 separate countries as frequent relocation destinations, with the United States, China and Singapore as the top three. Over the past two years, new destinations have emerged, most notably Brazil, China and the UAE.

Despite these findings, global relocation continues to be affected by budget constraints. While those reporting an increased focus on managing relocation costs have decreased from 76 per cent in 2010, to 61 per cent, the report says this remains a significant figure. Cost considerations have led to fewer benefits for relocated employees, as well as an increase in permanent relocations.

Other obstacles include governmental regulations and the issue of attracting employees to relocate. Sixty-three...

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