When is a Lump Sum Programme Not Right for Your Mobility Programme?
When companies choose to move away from a Managed Support Programme to a self-service Lump Sum Programme, they are typically making a number of assumptions. They are assuming their employees have the financial savvy to be efficient purchasers of relocation
services, and they have the expertise necessary to source, coordinate, book, and manage those needs and services as well. The reality is that moving in today’s ever-changing environment can be challenging, and there are circumstances beyond
the employee’s control that reinforce the need for a Managed Support Programme now more than ever before.
There are a number of reasons why a Lump Sum Programme may not be right for your organisation including, but not limited to:
- International cross-border moves due to their complexity
- Employees moving with families with school-aged children, special requirements, etc.
- Challenging locations due to safety concerns, complex housing markets, not knowing the host language, etc.
- Moves to locations where temporary housing is limited
- Mid- to senior-level employees
- Not being able to provide a highly supportive experience
Listed below are some of the high-level advantages and disadvantages, from the perspective of both your company and your relocating employees, of administering a lump sum policy. Please read our full paper to learn more.
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Disadvantages of Lump Sum Policy |
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For more information on whether or not a lump sum programme is right for you and your relocating employees, and how we can help you make an informed decision, please contact Sirva Global Advisory Services at globaladvisoryservices@sirva.com or reach out to your Sirva representative.