Key Things You Need to Consider - Global Mobility Solutions · RELOCATION Global Mobility Solutions...
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RELOCATION PROGRAMS Key Things You Need to Consider As a mobility manager, lump sum payments might seem like the fastest and easiest method of providing your employees with the funds they need to move. However, lump sum payments come with their own unique set of problems. Some of the challenges include: • Transferees oſten leſt alone in the relocaon process • No cost controls and oſten budgetary overages • Limited process or service structure • Non-taxable benefits are lost • Frustrated transferees mean elevated HR involvement and escalaons Fortunately, a managed cap program alleviates many of the problems associated with a lump sum. It also provides: • The desired simplicity and predictability of a lump sum program • Enhanced employee tax benefits, resulng in more dollars for relocaon. Let’s see the difference between a $15,000 lump sum payment and the same $15,000 from a managed cap program:
Transcript of Key Things You Need to Consider - Global Mobility Solutions · RELOCATION Global Mobility Solutions...
RELOCATION PROGRAMS
Key Things You Need to Consider
As a mobility manager, lump sum payments might seem like the fastest and easiest method of providing your employees with the funds they need to move. However, lump sum payments come with their own unique set of problems. Some of the challenges include:
• Transferees often left alone in the relocation process
• No cost controls and often budgetary overages
• Limited process or service structure
• Non-taxable benefits are lost
• Frustrated transferees mean elevated HR involvement and escalations
Fortunately, a managed cap program alleviates many of the problems associated with a lump sum. It also provides:
• The desired simplicity and predictability of a lump sum program
• Enhanced employee tax benefits, resulting in more dollars for relocation.
Let’s see the difference between a $15,000 lump sum payment and the same $15,000 from a managed cap program:
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Founded in 1987, Global Mobility Solutions is a global corporate relocation services company that specializes in workforce mobility. The company’s corporate relocation services include global assignment management, domestic relocation management, and a range of pre-decision solutions. Global Mobility Solutions is a perennial winner of the HRO Today “Baker’s Dozen” customer satisfaction survey, being recognized as a top relocation company in 2014, 2015, 2016, and 2017.
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Baker’s DozenCustomer Satisfaction Ratings
2017 WinnerRELOCATION
Global Mobility Solutions l The Real Truth: Managed Caps vs. Lump Sums
A Winning ScenarioThe Managed Cap Program provides the transferee with $4,351 more for relocation services!
Modern Mobility Made Easy™What this means for you and your relocating employees
A Managed Cap program will ensure that your transferees get the most out of their relocation dollars and that you will reduce the amount of administrative burden dealing with exceptions. Global Mobility Solutions – a leader in mobility management since 1987 – has expert relocation consultants who understand how a Managed Cap program can benefit you and your company. Contact Global Mobility Solutions and learn how we can quickly implement a managed cap program custom-tailored for your needs. Request your complimentary managed cap program demo to see how much you can be saving.
