Worldwide ERC conducted a survey in 2013 on lump sum policies. The survey results provide important insight as to why businesses choose to offer lump sum payments for relocation expenses. According to the survey, 83 percent of organizations offer some form of lump payment assistance for employee relocations. The primary reason for offering a lump

Lump sum relocation packages offer benefits to employees and employers alike. For employers, it is not only easier to control costs with lump sum packages, but administration of these packages is also much simpler. For employees, it places more control over the relocation in their hands and allows them to shop around for the most

Employee turnover is a major cost for corporations. The average turnover rate in the United States is 24% according to the U.S. Bureau of Labor Statistics. While there are multiple reasons for employee turnover, one thing is for certain; turnover is more likely for relocated employees than ones fully embedded in the community. This fact makes

3 Tips for Selling Relocation Package to Your Employee: As an employer, think about the impact a move can have on an employee and the appropriate questions. What lasting impact will the assignment have on your career? • What personal adjustments must be made by you and your family? • What is the financial impact

The relocation of employees can be very time consuming and expensive and the tax impact is sometimes an “after thought.” Relocation packages tend to be customized, so there is not always one simple answer. The summary below reflects tax rules in place today and implications for U.S. federal individual income tax reporting. Are company-paid moving