Corporate relocation refers to the process of moving a company's operations, employees, or both from one location to another. This can happen for various reasons, such as seeking better business opportunities, reducing costs, or accessing a larger talent pool. Companies often consider factors like real estate prices, local tax incentives, and employee preferences when deciding on a new location. During a corporate relocation, businesses typically provide support to their employees, helping them transition smoothly to the new area. This support may include moving assistance, housing resources, and job placement services for spouses. The goal is to ensure that both the company and its employees can thrive in the new environment.