relocation bonus

A relocation bonus is a financial incentive offered by employers to help cover the expenses incurred when moving to a new location for work. This type of bonus is typically provided when a current employee is transferred to a different location or when a new employee is hired from another city or state.

A relocation bonus is given to help ease the financial burden associated with moving, which can include costs such as packing and moving services, temporary housing, real estate fees, and travel expenses.