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Foreign Relocation Policy

Last post January 20, 2008 09:59 AM by aishwaryaroy. 1 repiles.
January 20, 2008 09:56 AM 1
Total Posts: 46
Join Date: November 25, 2006
Rank: Executive
Post Date: January 20, 2008
Posts: 46
Location: United States

Foreign Relocation Policy

Dear All,

We are a software consulting firm and are in the process of ramping up our existing compensation policies & formulating newer policies based on industry trends.

Wanted your inputs on the following:

How are Indian salaried employees compensated when they are re-located to a foreign location for
a. An extended stay - over 6 months
b. Long terms projects - upto a year.

What are the factors that influence whether they get an Indian salary + allownaces (per diem) or foreign location salary?

These professionals could be Business Development personnel or technical resources.
Would appreciate a prompt response from you all.

Thanks

Ash

 
January 20, 2008 09:572
rajeshroy
Total Posts: 55
Join Date: November 25, 2006
Rank: Manager
Post Date: January 20, 2008
Points: 275
Location: United States

Re: Foreign Relocation Policy

Balance sheet model is one of the widely practiced methods for compensation, when employees are placed in abroad as expatriates. You can refer any book on International Human Resource Management for the model.

Regards,
Rajesh
January 20, 2008 09:593
aishwaryaroy
Total Posts: 46
Join Date: November 25, 2006
Rank: Executive
Post Date: January 20, 2008
Points: 230
Location: United States

Re: Foreign Relocation Policy

I had some more queries:

Assuming the location would be somewhere in the APAC

1. If we set 3-9 months as a long term stay, will a per diem allowance (with a saving potential of say 50%) be a good enough incentive? There would be other costs like accomodation, and 1 travel back home or spouse's travel to the location etc that will be
picked up.

2. Can anyone help me with the survey from ORC on cost of living index in different countries, where will I get this from.

3. Also can you help me with the balance sheet model? Where can I get more information on this? Look forward to help on this.

Thanks
Ash
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