expatriate compensation approaches pdf
The Right Mix of Expatriate Compensation and Benefits 3.1 Cost of Living Cost of living has been considered as one of the most important factors on expatriate compensation. The scarce theoretically grounded studies which have examined expatriate compensation have been guided by the view that financial compensation is a pivotal control and incen-tive mechanism, a flexible means to achieve corporate outcomes. �{�ph)ɖlÀ$��^�������Z�&F;����O��M_������LQ$#�H:�� V��& �!`1���h���)h\i : �I�CA�� B�R�md+&��AhgF�H���D� '7�M��I@���v��1��b�������:�w��5+�g}��t�*���)oI5�8|XXܿ���TG����������@2�ԛ��7������=5�7=�#�U{f�ɦ�i�=MM����3��}i�*�3�`{���x�����)F��/�㞭 �p-�`f&%4ɳ����vx�5p���_��3Og��gE'.���Z:����;����[�8>��wІ��/'Ua��tu|NtQ���1u���ä�� U}lN��_��*/�9�PJd]SZ���{?��4��E�u�2]?�EY�c]�ģ�>�o��F#�1Y~�\4.$���K��!Jz�u��g\M�+E���_(�]JwIP�r*�9wR�$�e�ס���(vRZ�W(��!�P]c�뀗 v���jC�fk C�*ZE+~�l���0��.���w��R�Мk� $'j�)�W Oz���}�6"��v��>�RSC��@��NYȤT� �O�A@��%y��E�P�`5'��J�@L&�D�����^'��@v��*O.Q��(���Vh�l�QZO�9F�{6�SjjHMCH'1�N�-JcY�*����0����,3y&���x� �&�2u���[����J_.r������g_.�K^�`�x}Y�B���3��eKK��0�3xeh8�4L�٥�I�����k��ˊ�G|��q*bSP� It can help you determine the right method for the type or types of international assignments you support. The whole area of international compensation presents some tricky problems. stream
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2����z��[5�`?M4�V*^��ie0 �f�� Explore the various approaches to expatriate compensation in this comprehensive white paper. ���"�9\�%)��s %%EOF �i��jʡ)a�j�ϔ�W`F+����\�S�s�Dr� The multiple theoretical perspectives used to examine this strategic issue has, however, segmented its global understanding and blurred the relationships between its numerous facets, This guide offers an overview of the approaches to expatriate compensation. The going rate approach is also known as ‘localization’, ‘destination’ or ‘host country based approach’. endstream endobj startxref {��N9��L�W��~��C۹��>�W�C��v4��!3[�j����������Nw�����΅�%W0��q� Bk�B�6���-i9������ <> %PDF-1.5
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Sending the right people, to the right place, for the right cost constitutes more than ever a skillful balancing act and requires a deep understanding of the various possible compensation approaches. Major objectives on which most of the expatriate compensation plans are designed are mentioned below:. ;���vd�!���C48��N�[g'��JWX)�N2��2 %���� %PDF-1.6 %���� endobj Expatriate – An individual is typically hired by an employer in Country 1, and later assigned to work for the same employer/affiliate in Country 2 – The term expatriate is typically used to highlight that the employee is provided special treatment for the foreign assignment (i.e., not all expatriates are covered by h�ܖ_o�8�� �!K�q�3-����a>���*Jo�� }tǭ���hH;���Sh ~�|��b�ZN��R:;ĢN�x�VK^�x� :����nT)��}���9GU �#����+ހ�}q�. ���7P��N�%%j�78+MH+1M�w͍W�X�vͲ���u��������^�"&�6�����%^K�حTn��o�4P�N���@u����6;�]r�s�99E�9�K���a����#��}��s�૾�J"EY�����t��T*�{�2Q �uG3�`���a$;��gA+�����j$��A�n݁���Fx���z��2@l�kkǻ�����B}�2��m�u�w��s�x.��aN����.��!��`�D���SyBL�Q:-�-)��-��-E��Tc�`m5bդ�V�����;$B��Sr�b!g��r���v��t�Y;�fD���}���¹� u�X�P�25Ƀ�\�l���Fd���\C6�ՌM���7@靘1�t���a4�oɪ��N;ȭ��1W��c��h~�y�t�`��� >n��xJ���Na����Ĉ9"���LR`9th�H��Ws�ԢNa�09������[�V������%��5_�MK�CR~�G��vu�m�he:��`P�b�טDHkJxk9Hu�UƮa�� ��o��������{�iS۷e�w�ue��w{�dN{�UD*iI�y�IV�eF�8dm�����e��Gk�Fmm�W���ȋ�#'~G��7 �mU#�ɵ@�Ξ��=��sH���,���~�sU�s''xX�I/+RKk,)郋�:hkv.w��×[���n[� �^X���z�!��olח�K�4�`0Wo�i,�0Oս��*�̺���d+Լ��$-]X�<7�Qe�5E��TAjpmF'���U8O��]�$�t�t����,�]l�S�&�aJN���!G)]�yw�
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t���}�þI`�t��u���f��&O��p�)#)B'|{�bF-'��tZ��T |�Ƃ|ݧS�Ѡ�*�}��j4� �eU.��ypY�pr�9�a�;�'(�f0lm����H�X��A� �ȷ��W�"Z(�.���-ܵ,� �z��(9�el�H�؊/����Q{ÈW6�/���fp�A�'���I��?N�C��|��xع+�GE�O�3BJa�ۭC���k��#��T�U����{�m{fC@ On the one hand, there is logic in maintaining uniformity in companywide pay scales and policies so that the employees in the same cadre are paid within the same narrow range.
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The one you choose must reflect your organization's compensation philosophy while supporting your strategic talent mobility aims and staying within budget.
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expatriate compensation approaches pdf
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