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Tips for Employee Relocations – Ep. 02 – Making Lump Sum a Success

Updated: Jul 28, 2021

Lump sum rewards are becoming more and more popular in the relocation industry as they are flexible and easy to deploy. They can be excellent when used appropriately, but as a standalone benefit, they just aren’t enough.

Relying solely on lump sum for your relocations can leave assignees out in the dark, with little support where it counts. There is a high risk that transferees end up working with low-quality or unscrupulous vendors, or just no vendors at all. This can damage both the individual, and by extension, your company.

However, this doesn’t have to be the case.

  1. Include a destination support service for every assignee in their new home.

  2. Create a list of quality service providers for your transferees to choose from.

  3. Provide pre-assignment training for global tax and other financial matters.

Remember that lump sum rewards are not the only option for those requiring varied and quick-to-deploy relocation solutions. Flexible Allowance Plans and Capped Allowance Plans are also a great option.



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