Relocation can be stressful for both decision makers and employees. Providing an upfront allowance can eliminate that stress. It also eliminates expense reporting, tracking and exception approvals. Additionally, your company can keep costs within budget and allow transferees the flexibility in determining how they use the funds. Our Lump Sum Allowance service calculates the Home Finding, Temporary Living and Final Move costs for any international or domestic move, taking into account:
Salary (if applicable)
HOW IT WORKS
Our Lump Sum Allowance service provides a fair and consistent approach to calculating relocation-associated costs. It simplifies and improves budgeting, eliminates the cumbersome reimbursement processes and reduces exception requests. Employees receive the funds upfront and have the power to control how they are used.
Calculate the allowances using our proprietary methodology
Deliver the report in real-time, providing a detailed breakdown
Estimate household goods shipment costs, along with a variety of other customer-specific allowances
Use our web-based service to enter in specific parameters such as family size, worksites, and policy
Use this report for budgeting purposes, or to calculate allowances for home finding, temporary living, final move, home/R&R leave, household goods, and other related expenses.
Find out how your company’s approach to Lump Sum Allowance compares to best practice programs.