Allowances In Lieu Of T&E Expenses
Relocation can be stressful for you and your employee. Providing an upfront allowance eliminates expense reporting, tracking, and exception approvals while still keeping costs within budget and allowing your transferee the flexibility to determine how best to use the funds. Runzheimer’s Lump Sum Allowance service calculates the Home Finding, Temporary Living, and Final Move costs for any international or domestic move, taking into account:
- Company policy
- Family size
- Salary (if applicable)
- Geographic costs
How It Works
Runzheimer’s Lump Sum Allowances provides a fair and consistent approach to calculating costs associated with the relocation. This simplifies and improves budgeting, keeps taxable expenses separate from traditional T&E business expenses, and eliminates exception requests. Employees receive the funds upfront and have the power to control how they are used.
- Use our web-based service to enter in specific parameters such as family size, worksites, and policy
- We calculate the allowances using our proprietary methodology
- The report is delivered real-time, providing a detailed breakdown
- Pay the allowance to the transferee and they manage the funds throughout the move
- Use this report to calculate Home Leave Allowances, R&R Trips, etc.