Reimagining the Lump Sum

With the tightening of financial belts felt within many organizations, stricter budgets and a loss of personnel has driven an increase in the number of Lump Sum programs dotting the mobility map.

These are a low-cost, low-maintenance option for moving your talent, and are especially appealing with a younger, less demanding employee cohort. Most traditional is the Fixed Lump Sum approach, which assumes that regardless of employee level, moving costs are nearly identical, and therefore the relocation allowance sum varies little from top level executives to new hires. Employees are awarded the liberty to select their own providers based on the most cost-effective solution for their individual needs, and the employer is released from the burden of time-consuming administration, benefiting from easy budgetary planning of their relocation program.

Interested in reading more?

Enter your email below to download the full story

Worried about what we do with your email? View our Privacy Policy and sign up with confidence.