What is a relocation package?

A relocation package is a set of benefits and financial assistance offered by an employer to help an employee move to a new location for work. These packages can include reimbursement for moving expenses, temporary housing, travel costs, and sometimes even assistance with selling a current home or finding a new one. The specifics of what's included can vary widely depending on the company, position, and distance of the move. Employers offer relocation packages to make the transition smoother for employees and to attract talent from a wider geographic area.