Our thought leaders are always on top of the latest industry trends and use their subject matter expertise throughout our fast paced and growing industry. From speaking at conferences, to hosting roundtables, to contributing to industry publications, our colleagues are frequently called upon around the globe to contribute and help shape conversations around industry hot topics. And we want to share our knowledge with you, in an effort to propel mobility together!
Our Advisory Services gurus were busy last week sharing their subject matter expertise across the globe and our SVP Advisory Services, Ellie Sullivan shared hers at the New England Relocation Association’s (NERA) regional employee relocation council meeting.
Ellie was thrilled to participate in the NERA meeting and moderate the trending topic of “Understanding the Employee Experience” alongside panelists, Vladimir Dziak, Liberty Mutual and Jack Jampel, Stryker Corp.
It was 30 years ago that I attended my first NERA Conference in Sturbridge, MA and it is good to see the organization still providing valuable information and networking to firms in the Northeast. I was so impressed with the caliber of sponsors and the leadership and program planning. I want to give a shout out to my colleague Gallia Peretz, VP Business Development for serving on the that committee and who, along with her co-committee members, planned such a great session.Ellie Sullivan
One of the topics on the agenda was the use of lump sums.
“While I often think this topic is worn out this meeting proved it is still a hot topic,” said Ellie.
NERA surveyed corporate attendees and learned almost all were using lump sums in one or more ways (partial, full, or lump sum plus). They also learned these interesting details:
- Unanimous vote that lump sums are easier to administer;
- Still a healthy debate about how effective they are;
- John Sculley (industry icon/consultant) suggested corporate America may have “a blind spot” when it comes to lump sums.
Perhaps most interesting was the data presented that suggested that “lost productivity” was greatest among employees with a lump sum – losing as many as 31 days of productivity for those with allowances greater than $15,000, compared to only about 16 days for the typical renter with full benefits
“That’s quite a hit to productivity and a strong argument for providing robust solutions and resources to employees that are provided a lump sum,” said Ellie.
Check out our video to learn how to minimize lost productivity and keep your program easy to manage!
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