Lump sums provide flexibility and simplify administration.
Effective lump sums give employee choice without creating administration, cost, duty of care, or compliance issues.
They are often used for:
- House hunting trips
- Home leave
- Supplemental travel
There are multiple ways to structure lump sums:
- Cash lump sum
- Managed lump sum budget
- Flexible spending points
- Cash for individual benefit
Contact Christopher Ward with any questions on how you can incorporate lump sums into your program.
Highlights from our recent lump sum pulse survey show that:
- 38% of companies report using lump sums for international assignments
- 87% use lumps sums to provide more flexibility to the assignee
- 77% use lump sums to simplify administration