TRUE COST OF CASH/LUMP SUM: SURVEY HIGHLIGHTS
NetExpat Account • October 9, 2019
64 firms were surveyed. >50%
manage 500+ international transferees per year.
Below are the 3 main takeaways gathered from this survey.
Only 39% of companies surveyed offer a cash/lump sum relocation benefit.
61% of corporations surveyed chose not to offer cash/lump sum for the following reasons:
The survey highlights potential confusion: employees want “flexibility” and “choice”, not the burden of taking care of everything themselves.
Cash/lump sum, as a miscellaneous allowance policy component, is a good option to cover small settling-in expenses, but the results of this Pulse Survey indicate that a well selected list of managed services will ease the employee transfer and result in a more positive employee experience.
Download True Cost of Cash/Lump Sum Final Report
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This blog post offers a glimpse into the exclusive content available to members of the NetExpat Community —designed specifically for the partners and spouses of transferees. From curated resources to peer-driven insights, this sample reflects the kind of meaningful support that helps partners/spouses feel seen, connected, and empowered.
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International relocations are a big adjustment for employees, but they can be an even bigger adjustment for their accompanying spouses or partners. This is especially true if they were a part of a dual income household in their country of origin. While organizations often focus on logistical support for the employee, the success of an international assignment hinges equally on the well-being of the entire family. If a relocating partner struggles to integrate, it can have negative impacts on the partner’s state of mind, the couple’s relationship, the employee’s ability to focus on their new role, and both assignment and organizational objectives.
