Those who have relocated globally can attest to the life-changing nature of an overseas assignment—often requiring that the employee sell a home in addition to moving their family to a new country and changing many of their typical routines.
Prior to the pandemic, increased globalization and cross-border projects led a growing number of companies to send employees on short- and long-term global assignments. While this offers benefits for both employers and employees, it can also
Employee relocations can have their fair share of tax implications. No other circumstance is quite as worrisome to the employee as the impact that can come about from receiving a lump sum payment to cover their moving expenses.
Relocation can be a major expense for both employers and employees. That's why many companies offer relocation packages to help offset the costs of moving. But how much is the average relocation package? And what's included?
