Relocation Allowances
What are Relocation Allowances?
A relocation allowance is a type of budget allocated to employees that can be used to assist them when relocating for work.
This type of allowance can be used to help transport belongings, travel, van rental, and any other costs associated with moving!
Why should you offer relocation allowances?
Benefits to employees:
- Financial support with the cost of moving
- Takes some of the stress out of moving
Benefits to you:
- Happier employees
- Employees more likely to consider relocation within your company.
- Higher employee retention.
Why offer relocation allowances through Ben?
Ben makes offering a relocation allowance easy. You start by working with a benefits consultant to help you determine an appropriate allowance amount and any restrictions you want to implement, including only being spendable on certain retail categories.
Employees are then given a virtual or physical card that they can use to cover the costs that come with relocating. Receipts are uploaded straight to Ben, and with our consolidated reporting you can easily track usage and balances across your team.
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Similar benefits
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
