Rethinking Relocation: The Top 5 Reasons Lump Sum Packages Fail Employees and Employers Alike

Content Summary

For many years organizations have used a Lump Sum payment to assist new hires or transfers with moving expenses. From 2018 through 2020 the Lump Sum approach was, by far, the most common way an employer would provide financial assistance to a relocating employee. More recently, interest in Lump Sum programs has fluctuated based on market conditions and employee preferences, with many companies reevaluating their effectiveness in supporting employee experience and meeting relocation goals.

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