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