What are Relocation Allowances?
A relocation allowance is a type of budget allocated to employees that can be used to assist them when relocating for work.
This type of allowance can be used to help transport belongings, travel, van rental, and any other costs associated with moving!
Why should you offer relocation allowances?
Benefits to employees:
- Financial support with the cost of moving
- Takes some of the stress out of moving
Benefits to you:
- Happier employees
- Employees more likely to consider relocation within your company.
- Higher employee retention.