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T9 (Ch 8) - INTERNATIONAL COMPENSATION (Components (p.217) (Allowances (p…
T9 (Ch 8) - INTERNATIONAL COMPENSATION
Components (p.217)
Base salary (p.217)
Foreign service inducement and hardship premium (p.218)
Allowances (p.218)
Cost-of-living - COLA (p.218)
Housing (p.218)
Home leave (p.219)
Education (p.219)
Relocation (p.219)
Spouse assistance (p.220)
Benefits (p.220)
Objectives (p.217)
Firm objectives
Cost-effective
Equity and ease of admin
Competitive
Consistent with strategy
Expat objectives
Financial protection
Financial advancement
Consideration of extra costs, i.e. housing, schooling, home leave
Approaches (p.221)
Going rate (p.221)
Host-country focus
Balance sheet (p.222)
Most common
Home-country focus
Local-plus (p.225)
Newer approach
Hybrid model
Summary table 8.6 (p.226)
Other issues
Taxation (p.228)
Tax equalisation
Tax protection
Differentiating ee PCNs and TCNs (p.231)
International living costs data (p.231)
Challenges and choices - fig 8.1 (p.234)