Over the past few years, Lump Sum programs have gained popularity as an alternative to expense reimbursement under the idea that they reduce administrative costs, are easier to administer, and allow transferring employees more freedom to allocate their relocation spend.  While the general ideas may be true, lump sum allowance program administration for reimbursement of one time employee expenses may require a little more attention to best benefit relocating employees and their families

As an alternative to expense reimbursement, Lump Sum programs need to be monitored to ensure that payment levels are appropriate for current cost exposure, that employees are purchasing the support they need effectively, and that participants don’t feel like the company has left them to fend for themselves in a way that erodes the employee experience.  Ignoring the support element can lead to relocation policy exceptions and a bad experience that can negatively impact employee retention.  Kinetix can help manage and monitor your Lump Sum program, keeping it on track and ensuring the best possible employee experience.