moving allowance

A moving allowance is a sum of money provided by an employer to help cover the costs associated with relocating for a new job. This can include expenses such as moving household belongings, transportation, temporary housing, and other related costs. The allowance aims to ease the financial burden of moving, making it more manageable for employees to settle into their new location. The specifics of what the allowance covers can vary depending on the employer’s policies and the nature of the move.