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Aug 1, 2024 · Expat Package. A compensation and benefits bundle provided to employees who relocate internationally for work. Cost of Living Allowance (COLA) Additional pay to offset the higher costs of living in a foreign country. Housing Allowance. A stipend or provision for accommodation expenses in the host country.
Dec 10, 2023 · When negotiating an expat package, it's crucial to anticipate potential objections that the other party may raise. By doing so, you can come prepared with well-thought-out responses that address these objections effectively. Put yourself in the shoes of the company or employer and answer these questions:
- Relocation Expenses. This should cover all the expenses you need to move to your new host country. Relocation expenses typically cover costs for flights (including family if applicable), international removals, temporary accommodation, and visa and work permits.
- Hardship Allowance. Moving to developing countries, such as some parts of Africa or Asia, can be considered 'harder' and less convenient because of issues around the local infrastructure, security, economy, healthcare, and other factors such as crime and pollution.
- Housing Allowance. Housing allowance is also a common feature of an expatriate package and may include costs for basic utility services and domestic help.
- Education Allowance. If you are moving your family with you overseas you may also be offered an education allowance for any children of school age. This can be particularly important if an international school is the only viable option in your new host country because of concerns around language or ensuring your child can continue with the same curriculum.
Aug 15, 2024 · 5. Schedule a meeting with your employer. After performing your research, schedule a meeting to negotiate your expatriate package with your employer. You may prepare a list of the benefits you'd like and share your expectations with your employer. Consider sharing your research findings to help convince your employer to offer you the benefits ...
The top negotiating tips from human resource experts. 1) Get a firm job offer before discussing financial terms. 2) Speak to other expats with the same company to find out what terms they ...
Dec 27, 2021 · The expatriation package can include all kinds of bonuses: – Hardship bonus for destinations that are dangerous, unstable, with extreme weather conditions, or with lack of education and medical infrastructures – Mobility allowance paid at the beginning and end of the mission – Cost of living allowance for expensive destinations – Settling-in bonus to finance initial expenses on site.
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Feb 8, 2022 · Read on to find out about best practices and what might be expected when it comes to expat benefits and compensation. Agreeing Expat Benefits and Compensation. Usually, when a business decides to expand internationally, it’s useful to expatriate existing employees to ‘set up shop’ or establish a business in a foreign market.
