At UrbanBound, we define a relocation policy as an employer-sponsored benefit that’s offered to employees who’ve agreed to move for work; or to prospective new hires to attract them to accept a job offer that involves relocating to a new city.
The term “relocation policy” or “relocation package” refers to both the specific financial benefits an employee receives to offset the cost of their move and the logistical assistance provided to them. These benefits are often broken down into specific categories.