Question: Compensation is tricky when hiring for overseas work. When expatriates are moved to another country to live and work for an international firm, several things
Compensation is tricky when hiring for overseas work. When expatriates are moved to another country to live and work for an international firm, several things must be taken into consideration. Which is NOT true of international compensation.
Company must pay for relocation and facilitate the return home.
Allow person to maintain a decent standard of living, taking into consideration the cost of living in the country.
Often are times higher than what is paid domestically.
Often includes basesalary, foreign service premium nonsalary allowances and taxes.
Is based on the local currency so changes according to the everchanging currency rates.
Sometimes include hardship allowances when working in difficult places like third world countries.
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