To control costs while keeping their organizations competitive for attracting and retaining talent, most organizations today have turned to lump sum relocation assistance programs.
Organizations can chose from several types of lump sum allowance programs. Each type offers specific advantages. For many organizations, a ‘fixed amount’ program is the first approach implemented, and the program is likely to be designed and managed by the organization’s staff. This approach can work, however tight staffing levels, increased accountability and the growing complexity of relocation processes increasingly limit the suitability of fixed amount assistance program. As a result, an increasing number of organizations are switching to the ‘managed’ approach.
This white paper explains considerations related to approach and data quality that can help business executives make effective decisions to establish and maintain lump sum allowance programs that control costs while supporting employee satisfaction.