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Don't Throw Money at Relocation! It's a Bad Idea.

NuCompass

Too many companies still give their employees a cash payment to cover the cost of relocation. What could go wrong? An employee could fall behind schedule, you lose any tax benefit, and having an employee manage their own move isn’t the best way to help them start the job right. 

In this paper, we will:

  • Describe what we mean by a “cash payment”
  • Review the reasons cash payments are popular
  • Examine the problems created by the cash payment approach
  • Present a more cost-effective alternative that employers can easily implement

Tags : employee relocation, relocation, relocation program, new hire relocation, mobility, mobility services, mobility program, employee move
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Published:  May 26, 2016
Length:  9
Type:  White Paper