Relocation Benefits

Definition

  • Monetary assistance and other considerations given to employees who must relocate at their company's request. This can include reimbursement for packing and moving, house-hunting trips, and temporary housing/storage expenses.

Synonyms
moving benefits, relocation service, employee relocation company

Related Terms and Acronyms

  • Corporate Relocation Definition,
    • When a company relocates to a new office.
    • An employer that transfers an employee and pays moving expenses.
  • Fringe Benefit Definition,
    • Employee compensation other than your wages, tips and salaries, such as health insurance, life insurance and pension plans. Usually referred to as a Bonus.
  • Motivated Buyer Definition,
    • A prospective buyer who has a strong reason to buy, and quickly.
  • Motivated Seller Definition,
    • A home seller who has a strong reason to sell quickly, possibly because of an upcoming relocation or an impending default on a loan.
  • Moving Expenses Definition,
    • Expenses incurred when you moved in connection with your job and are deductible if they are the reasonable costs of moving yourself, your family and your possessions. You can no longer deduct the cost of meals while moving.
  • Relocation Company Definition,
    • A business that specializes in providing help to employees who move for their employer.
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