All Rights Reserved. Cost of living in the new country: When negotiating the terms of your expatriate contract you need to ensure that you take into consideration the cost of living in the host country. Here are five ways for employees to ensure their expatriate package serves as a career bolster — and not a major disruption. Perhaps the most important aspect of negotiating the best expat package you can is to wait for the right time. The disadvantage is that it is not commonly available, and only to some employees. For simplicity, expat packages fall into three basic categories: 1) Full Expat package, 2) Expat Lite and 3) Local Hire. When negotiating a relocation package, consider which components are most important to you, which components are best provided by your employer, and what the costs involved are for each component. Employees must recognize what they’re committing to and what to expect from an expatriation package. Expatriate Compensation – A good compensation package is one that is considered fair by an expatriate, but it must also be cost-effective for the organization. Whether relocating within a multinational organisation with well-defined expatriate policies or moving to an overseas company as its first foreign employee, negotiating and evaluating your remuneration requires a deft touch. Negotiating Expatriate Packages As we live and work in a Global economy, chances are that a professional at some point in a career development plan gets into a … Posted on June 16, 2010 by Xpatulator. While packages differ by company, some items appear in most international employment offers: a housing allowance, help … Negotiating an Expatriate Compensation Package: A Few Guidelines ... if employees and their bosses can devise compensation packages that make shrewd use … You can change your choices at any time by visiting Your Privacy Controls. A young, single accountant has very different expectations and needs compared with an older engineer with a family. That being said, the greater the number of employees an organization sends overseas, the more likely there is to be a standard template for expatriate packages, which will make negotiation options significantly more limited. More than 70% of senior executives at U.S. companies believe expatriation is of great importance for employees on their path to senior leadership. Comments. Do Your Research. Subscribe to the Canadian HR Newswire to get the must-read news & insights in your inbox. What you are going to ask for in your relocation package depends on your situation. “In local currency terms, although expatriate salaries continue to rise in Singapore, reaching the highest levels since our survey began, the benefits element has declined significantly. While the likes of luxury company cars, guaranteed bonuses and multiple flights home are off the table, employees still have negotiating room and should expect a salary increase of as much as 30% to take a job in the region. When you are negotiating your contract, ensure that your reimbursement or salary is sufficient to cover your housing costs, while keeping in mind that you may be able to offset some of them with the Foreign Housing Exclusion. However, speaking to people who have gone through the process themselves will give employees a good indication of what to expect, additional requests they should make, and if there are any red flags to watch out for. Find materials, components, equipment, MRO supplies and more. 1. It’s a chance to travel the world and work alongside new people, including colleagues with whom relationships have only existed in a virtual sense. As an expatriate it is not unusual to be working a 90-hour week. 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