Lump Sum Relocation Programs
Lump Sum relocation programs are growing in popularity because they are easy to administer, seemingly equitable and they provide a fixed cost approach for relocating transferees. The difficulty with them is that individual needs and circumstances vary between relocating transferees and their families.
Additionally, most lump sum move transferees do not have a true understanding of relocation expenses, nor do they have the knowledge necessary to efficiently arrange destination service providers. Further, some companies don’t realize that paying for certain services directly, such as household moving, can save thousands of dollars in tax gross-up expenditures. It’s critical that employees and employers have all of the facts and resources available to make informed decisions about managing a lump sum relocation program.
XONEX Relocation assists thousands of families every year moving around the world. As such, we have extensive experience defining and managing cost-effective lump sum programs to meet the needs of both the employer and employee.
Build the best relocation program for your business. Contact XONEX today to learn more about corporate relocation services for your employees.