Definition
Corporate relocation is employment-related move where company transfers employee and often provides financial assistance. Companies typically provide moving allowances, temporary housing, and support services.
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Corporate relocations are common for national/international companies. Companies typically provide relocation packages covering moving costs, temporary housing, and some household goods. Relocation policies vary significantly by company. Negotiating relocation benefits is important during job transfers.
Pro Tip
Negotiate relocation benefits thoroughly. Packages vary widely and employers sometimes provide more than initial offers.
Example
An employer transfers an employee to a new office, providing $15,000 moving allowance and 2 months temporary housing