Managing Expatriates
Chief Executive Officer (CEO)
Dear Sir/Madam,
A comprehensive international compensation package ought to take into account all elements in order to ensure that there is employee satisfaction. The system of compensation that is proposed for the 10 expatriates is the combination of the build-up approach and the cost of living allowance (COLA) approach. The buildup salary method employs the prevailing home salary as the base for calculating the expatriate package. The latter approach employs the principle of maintaining the home salary of the expatriate and reimbursing an extra separate allowance, largely for cost of living, but also for hardship centered on the dissimilarities for home locality and the host locality (Auzini and Tjakraatmadja, 2012). The compensation package that the employees will receive will also encompass benefits. Benefits and compensation is vital for delineating a remarkable package that is appealing to decline partaking in the assignment in Mexico. The benefits will encompass the initial coverage from health to the expatriates' time off, for instance personal time-off incentive (PTO), whereas, the expatriates' compensation will be more compensatory to encompass monetary costs or additional spending.
The proposed formula is as...
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