What are relocation incentives?

Relocation incentives are financial benefits or support offered by employers to encourage employees to move to a new work location for their job. These incentives can include lump-sum payments, reimbursement for moving expenses, temporary housing assistance, or help with selling a current home. The goal is to make the transition easier and more affordable for employees who are required or requested to relocate for work. Employers use relocation incentives to attract talent and fill positions in locations where it may be difficult to hire locally.