Relocations build $15 bil. industry

Service fees generated by employee relocations in this country last year built a $15 billion pie for that industry, according to the Employee Relocation Council, a national membership organization based in Washington, D.C.

The ERC’s members are the entities that effect and affect a family’s relocation. Among them are Realtors, moving, title and mortgage-lending businesses, corporate-relocation departments, and relocation-service companies, which vend a myriad of services to corporations, from home buyouts to research, analysis and full relocation management.

On the receiving end of the relocation process is the employee and his or her family for whom relocation means replacing the familiar…