Factors to be considered in compensation programme of expatriate managers: Expat

ID: 373957 • Letter: F

Question

Factors to be considered in compensation programme of expatriate managers:

Expatriate managers:

- are foreign managers working in different countries without citizenship

- it can involve short term or long term projects

Hence while deciding compensation for them below factors has to be considered:

1. First factor is to check on the compensation approach to be provided like

- Balance sheet approach which is paying the difference between local and abroad compensation

- Host approach : Working for host companies payroll

- Global approach: In spite of coming from different countries same compensation approach would be followed for all expatriate managers

2. Second one is to provide COLA:

- known as cost of living allowances.

- it covers all the costs to live abroad

3. Accommodation and relocation benefits has to be looked at

4. Also variable pays which are paid to the local employees have to be covered for the expatriate manager's

factors to be considered in compensation programme of expatriate managers

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