Survey: Most Corporate Real Estate Execs Not Planning To Move Jobs Overseas
ATLANTA — Corporate real estate executives at large corporations won’t be moving many higher level or service functions overseas in the next 12 months, according to a study conducted by CoreNet Global, an industry association of corporate real estate executives.
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The survey findings were unveiled at the organization’s CoreNet Global Summit held Oct. 11-15 in Atlanta.
Nearly three quarters of the 119 respondents (72%) indicated that they aren’t planning to outsource jobs overseas, while 28% said they did have such plans for next year.
About half of the respondents who said they would transfer jobs overseas said they would reduce their U.S. workforce by less than 5%, while 34% said that it would have no effect on American jobs.
The most likely functions to be moved overseas include call centers, engineering and accounting. The most popular countries for overseas expansion include India and other regions of Asia.
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© 2010 Penton Media Inc.
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