Lump Sum Relocation Packages: What are the Advantages? What are the Disadvantages?
What are lump sum relocation packages? Global Mobility Solutions recently surveyed its clients to determine the impact of lump sum relocation packages on their organizations. Industry trends arising this year are having a direct effect on transferees. Often, these trends become visible through business intelligence and data analytics. Lump sum relocation packages are a specific amount of money that employers offer to transferees or new hires. This money replaces relocation benefits such as household goods moves, culture and language training, or home-finding assistance. Employers expect employees to receive a lump sum payment to manage their relocation process. Advantages of Lump Sum Relocation Packages The advantages of lump sum relocation packages