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5 Ways to Avoid Lump-Sum Relocation Traps

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What's Covered

What does lump sum mean in the context of relocation? A lump sum is a set amount of money given to an employee or new hire for relocation. The money is intended to help them move to their new job location. The lump-sum amount varies depending on the company, employee level, or any number of other factors.

While lump sums sound easy for the employer, they can cause some serious issues. In fact, lump sums can often be more problematic than the alternatives.

For example, lump-sum programs can lead to issues such as:

  • The income tax bite
  • The cost-control dilemma
  • The time-commitment conundrum
  • The negative employee experience
  • The accountability inevitability
CoPilot NuCompass Logo.png CoPilot is the missing link in your talent management software. It’s an exciting new platform for managing employee relocations. CoPilot reduces your costs while simplifying the relocation process. You and your employees are supported, every step of the way, by the professionals at NuCompass. Explore our different products, which we can match to different organizational needs.
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