What is relocation assistance?

Relocation assistance is a benefit offered by employers to help new or transferring employees move to a new location for work. It typically covers moving expenses such as transportation, temporary housing, and costs related to selling or buying a home. The goal is to make the transition smoother and reduce the financial burden on the employee. The specific benefits and amounts covered can vary widely between companies, so it's important to review the details of any relocation package offered.