Thinking about changing your relocation program or just curious about what other organizations are doing? Each month, we'll feature a short survey and share our findings along with the next survey the following month. First up, Lump-Sum Relocation packages! Create your own user feedback survey
There's a lot to think about if your company is considering changing to a lump-sum employee relocation package rather than reimbursing moving expenses for relocating employees. Here are a few factors you may not have considered. Employee satisfaction may be lower when employees are left to manage their own funds, as with a lump-sum relocation package. Employees hoping to save money (and pocket
What is a lump sum relocation package? A lump sum relocation package is an allowance that a company gives to an employee to help them relocate for a new job opportunity. Lump sum packages are designed to help employees get settled and back to work faster because they have more flexibility to move quickly into their new city and role. The packages also help employers keep valued employees while
If you're revamping your executive relocation policy to include lump-sums, you may have more flexibility than you imagined.
Thinking about revamping your executive relocation policy? Watch our short video to get ideas on how to customize your relocation package.
More and more businesses have been favoring lump-sum relocation packages for employees in recent years. After all, they are cheaper than just doing a regular relocation - right? Unfortunately, the truth of the matter is not always so cut-and-dry. One thing about lump-sum packages that is easy to overlook is the fact that, like many other "discount" programs, they can cost more than they save in
Moving employees to the best positions in the company where they can offer the most productivity may sometimes require you to have that employee relocated to a different office. Based on the complexity of the move, a job relocation means more than just having the employee pack up his things on Friday and expect him to be in the office come Monday morning. Find out more about policy
While the term “lump sum” implies a company relocation policy that is standard and fixed for all employees across the board, that's not always the case. A number of options and variations exist within the classification of “lump sum.” Let's look at a few of the options. Learn more about lump sum packages with our free guide. Fixed lump sum: A fixed lump sum company relocation package works
Lump-sum packages are growing in popularity due to three major benefits over reimbursing employee's relocation expenses. Gain a better understanding of lump-sum packages with our free guide. Benefits of a Lump-Sum Corporate Relocation Package Ability for the company to better control relocation costs Ease of administration Flexibility for relocating employee to choose their own relocation
There's a lot to think about if your company is considering going to a lump-sum employee relocation package rather than reimbursing moving expenses for relocating employees. Here are a few factors you may not have considered. Employee satisfaction may be lower when employees are left to manage their own funds, as with a lump-sum relocation package. Employees looking to save a few bucks (and