About Us

We bring together personalized program solutions, expansive global reach, innovative technology and an unmatched supply chain.

Meet Sirva: Your Full-Service Mobility Solution

Sirva is a global leader in relocation and moving services, offering employee relocation solutions to corporate clients and global moving services to consumers. With 77 locations servicing 190+ countries, we offer an unparalleled global footprint backed by extensive product offerings and robust technology solutions that support organizations’ global and diverse workforces. From relocation and household goods to commercial moving and storage, our portfolio of brands (Including Sirva, Allied, northAmerican, Global Van Lines, Alliance, and Sirva Mortgage) provide a superior relocation and moving experience to both corporate and consumer clients. Sirva is a flexible and reliable provider for relocations of any size, frequency, and complexity.

Contact Us

When is a Lump Sum Programme Not Right for Your Mobility Programme?

  • by Daina Mueller
  • 04 December 2024 00:00:00

When companies choose to move away from a Managed Support Programme to a self-service Lump Sum Programme, they are typically making a number of assumptions. They are assuming their employees have the financial savvy to be efficient purchasers of relocation services, and they have the expertise necessary to source, coordinate, book, and manage those needs and services as well. The reality is that moving in today’s ever-changing environment can be challenging, and there are circumstances beyond the employee’s control that reinforce the need for a Managed Support Programme now more than ever before.

There are a number of reasons why a Lump Sum Programme may not be right for your organisation including, but not limited to:

  • International cross-border moves due to their complexity
  • Employees moving with families with school-aged children, special requirements, etc.
  • Challenging locations due to safety concerns, complex housing markets, not knowing the host language, etc.
  • Moves to locations where temporary housing is limited
  • Mid- to senior-level employees
  • Not being able to provide a highly supportive experience

Listed below are some of the high-level advantages and disadvantages, from the perspective of both your company and your relocating employees, of administering a lump sum policy. Please read our full paper to learn more. 

 

   check mark cross 
 

Advantages of Lump Sum Policy

Disadvantages of Lump Sum Policy

Company

Perspective: 

  • Fixed costs
  • Streamlined administration
  • Improved budgeting
  • Reduced exceptions
  • Reduced productivity
  • Impact on the employee experience
  • Not supportive of sustainability and DEI initiatives
  • Perception of being unsupportive or non-competitive
  • Potential to overpay employees
  • Difficulty establishing payment amount
  • Possible tax disadvantages
  • Misalignment with duty of care philosophies
  • Inability to leverage travel costs savings
  • Loss of data

Employee

Perspective:

  • Perceived flexibility
  • Ease of administration
  • Financial incentive if funds are left over 
  • Employee perception of benefits
  • Lack of support
  • Potential for employees to select lower quality suppliers
  • Cash flow challenges 
 

DOWNLOAD PAPER

For more information on whether or not a lump sum programme is right for you and your relocating employees, and how we can help you make an informed decision, please contact Sirva Global Advisory Services at globaladvisoryservices@sirva.com or reach out to your Sirva representative.