What is the purpose of the balance sheet approach to expatriate compensation?
An accounting term that describes a situation where debits and credits must match. The balance sheet approach is used to set expatriate compensation. There the goal is to protect or equalize an expatriate's purchasing power while on assignment abroad. Its primary objective is to ensure equity among expatriates and their home or base country peers. Show
Compensation News WebinarsFurther HR your training with our Distance Learning Center Webinars. These courses will earn you credits for a variety of certifications including, SHRM, HRCI, CCP and more. About ERIERI Economic Research Institute was founded over 30 years ago to provide compensation applications for private and public organizations. ERI Economic Research Institute compiles the most robust salary, cost of living, and executive compensation survey data available, with updated market data for more than 1,100 industry sectors. ERI collects salary survey data from internal surveys, third-party salary surveys, and public sources to calculate geographic salary differentials and assist with compensation planning. Try All of Our Software NowAccess a small portion of our data and experience our Assessor Series at your own pace. Reimagine the way you do salary planningERI provides a massive compensation database, but we also provide state-of-the-art software to analyze the database to fit your needs as a compensation professional. See our software features below. Expat Salary: Expatriation Compensation Approaches Whether an overseas assignment will succeed or fail mostly depends on the quality of the expatriation compensation employees receive while working abroad. A lucrative compensation package will guarantee that your foreign employees feel entirely supported financially during their assignment. They also attract the best possible candidates for the job from within your organization or when recruiting externally. When designing a competitive expatriate compensation package, there are several approaches that you should be well-informed about. As each has its distinct benefits and limitations, we will share with you our conseil fiscal about what you need to know about them in this article. Contact us Coline MichauxView all my postsRecent posts
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Read this post Back to news page What is the role of a balance sheet approach?A balance sheet will provide you a quick snapshot of your business's finances - typically at a quarter- or year-end—and provide insights into how much cash or how much debt your company has.
Which is an approach used for expatriate compensation?Home-based approaches have been traditionally the most commonly used to compensate international assignees. Assignees on a home-based approach retain their home-country salary and receive a suite of allowances and premiums designed to cover the costs linked to expatriation.
What is a characteristic of the balance sheet approach used for expatriate compensation quizlet?What is a characteristic of the balance sheet approach used for expatriate compensation? It ensures managers receive extra pay for the inconvenience of locating overseas.
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