Find a Better Way to Relocate Than Cutting a Check

The Problems with Lump-sum Relocation

Lump-sum relocation programs, at first glance, may seem like the easiest way to relocate employees for your business. Given as a one-time, pre-determined allowance, lump sums can be a great way to enable employees to handle their relocation according to their own preferences, with little administrative burden to your company.

However, lump-sum relocation programs can actually be more time-consuming, expensive, and risky than the alternatives — for your business and the employee. With a lump sum, your employee feels the full burden of choosing vendors, managing schedules, and budgeting the relocation allowance. Your business has little control over quality and cost, and you risk postponing start dates, damaging productivity or morale, and potentially losing the new hire altogether.

But what if you could save nearly 25 percent by choosing an alternative to lump-sum relocation? And what if you could rest easy knowing that your employee can move quickly, easily, and be ready to give 100 percent on day one of starting the job? Whether you relocate hundreds of employees a year or just a handful, it’s important to examine alternative relocation programs that could give your company a competitive edge and save money.

Alternatives to Lump-sum Relocation

A lump-sum approach can’t guarantee a stress-free move for your employee or an efficient, affordable process for your organization. To relocate your employees in a way that saves your company money and time, and ensures a positive employee experience, consider these lump-sum relocation alternatives.

One alternative is a traditional corporate relocation package. Outsourcing to a relocation management company like NuCompass is a great solution for many companies. It works especially well for larger organizations with a high volume of executive moves.

But for smaller organizations that want the advantages of a lump sum, without the disadvantages, NuCompass offers another alternative: CoPilot, a cloud-based relocation platform. This lump-sum alternative equips organizations with a better way to manage lump-sum relocation. CoPilot is an affordable, easy-to-use, cloud-based relocation platform that helps you:

• Create a relocation budget for each employee
• Take advantage of tax benefits and save up to 25 percent
• Get full cost tracking and payroll reporting
• Empower employees to manage their own moves 
• Use vetted suppliers for a quality relocation experience
• Access relocation tools from any computer or mobile device

Start Improving Your Relocation Program Today

Cutting a check no longer cuts it. Create cost-efficient moving plans and provide personal, expert assistance to employees to ensure successful relocation experiences. Whether you choose a full-service relocation package or a cloud-based relocation platform, lump-sum alternatives can save your company money, time, and effort — while ensuring that your employee starts off on the right foot.