Relocating is a critical time for the employees moving and their organizations. Having the right partner and relocation policy in place it crucial. Relocating employees need to be supported so they can efficiently transition to their new worksite, quickly find a new home and settle in. RCI strives to make each relocation a great experience by utilizing seasoned relocation professions, industry leading technology and our trusted supplier network.

RCI’s lump sum management services are specifically developed to meet each client’s unique needs. We aim to provide an easy and efficient relocation process resulting in high employee satisfaction.

With our managed lump sum services, your organization can expect smoother transitions and improved communication.

Benefits of RCI’s Lump Sum Management Services

Streamlined Coordination: Our team will handle all aspects of the relocation process, including administrative tasks. This entails working with moving companies, handling housing arrangements, and all required paperwork.
Employee Satisfaction: Providing clear guidelines and consistent support throughout the relocation process increases employee satisfaction. Employees feel well-informed and supported, which can ease the stress associated with moving and starting new roles in unfamiliar environments.
Hassle-Free Process: RCI’s comprehensive management of the lump sum process ensures that every aspect is handled efficiently from start to finish. This approach eliminates common issues associated with the relocation process and makes it as smooth as possible for your employees.

Flexible Lump Sum Management

Personalized Choices: Employees can allocate their lump sum relocation funds based on their individual needs and preferences. This can cover various expenses, from moving and travel costs to temporary housing or even the initial costs associated with setting up a new home.
Customizable Support: RCI provides the right amount of guidance to ensure that employees have a smooth relocation experience. We oversee vendor relations and offer helpful resources to assist employees in making the right choices for their relocation.

Maximizing Cost Savings with RCI

Optimized Budgeting: With strategic planning, RCI can make sure every dollar is well spent, maximizing the utility of available funds.
Minimized Overspend: We work with our clients to ensure their lump sums are the correct amount based on the job level, competition and current expense landscape to remain competitive but not overspend.
Cost-Effective Solutions: Using our vast experience and trusted supplier network, RCI helps employers and employees get the most out of their lump sum relocation budget.

Our 4-Step Proven Lump Sum Management Process

Step 1: Tailored Consultation and Comprehensive Needs Analysis

Every move starts with an in-depth assessment. We discuss the relocation policy, set a time frame, and present our list of preferred suppliers.

Step 2: Expert Budget Planning and Resource Allocation

RCI helps transferees secure competitive estimates from vetted suppliers, to manage their relocation budget effectively. This strategic planning maximizes the budget’s impact, ensuring that funds are used optimally throughout the relocation process.

Step 3: Expense Monitoring and Enhanced Reporting

Our in-house expense management team audits every transferee expense report and supplier invoice per the relocation policy and client guidelines. Each expense is reported to the client per their preferences. Our in-house team sets us apart in the industry by being extremely accurate and fast. We also have the flexibility to report whatever our clients need. RCI can process lump sums directly to transferees and assist with tax reporting.

Step 4: Dedicated Ongoing Support and Expert Relocation Advice

RCI offers end-to-end support which is facilitated by a dedicated industry veteran who serves as the main point of contact. RCI’s proactive communication makes transferees feel that they are never alone from the time they start planning to the time they get settled in their new homes.

Why Choose RCI for Lump Sum Relocation Management?

RCI offers customized lump sum management services that meet your business objectives and your employees’ requirements while offering effective, professional and affordable relocation services.

Our strategic approach makes the relocation process easier for clients and transferees. Our experienced and friendly approach is a worthwhile investment for any organization. Find out how we can help you improve your approach to relocations.

Ready to Get Started with RCI’s Lump Sum Management Services?

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Frequently Asked Questions

What are lump sum services?

Lump sum services involve a one-time payment for relocation expenses, allowing employees flexibility in managing and allocating funds based on personal needs.

What does lump sum mean for relocation?

For relocation, a lump sum refers to a fixed amount given to employees to cover moving costs, empowering them to independently handle expenses such as hiring movers or securing temporary housing.

What is a typical lump sum relocation package?

A typical lump sum relocation package covers a portion of essential moving expenses, travel, temporary lodging, and occasionally real estate costs, with amounts varying based on company policy and the specifics of the relocation.

How is relocation lump sum taxed?

In the U.S., lump sum relocation payments are taxable income, reported on W-2 forms, and subject to federal, state, and possibly local taxes. Employers often gross up these payments to cover the resultant tax liabilities for employees.

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