Tag Archive for Contracts

Set? Consider Contracts and Compensation (6)

A significant change we’ve noticed in companies’ international relocation policies is an increase in term limits. Many companies are limiting expat status to three years and either repatriating the employee, moving her to another location, or offering a local hire package. Read more

Set? Consider Contracts and Compensation (5)

• Relocation

› Real estate assistance, depending on your personal needs. If you currently own your home, you may decide to sell it or rent it while you’re gone, and if you plan to either buy or rent a home in your new country, you’ll need professional assistance to identify and recommend a reputable company or pay any fees related to real estate expenses. Read more

Set? Consider Contracts and Compensation (4)

compensation 300x194 Set? Consider Contracts and Compensation (4)If BP hadn’t agreed to pay for schooling for my two children while in London, it would have been a deal-breaker for me. I believe that schooling is one of the most important benefits a company can pay for—second only to access to good medical care. —Anna, former BP executive Read more

Set? Consider Contracts and Compensation (3)

• Allowances are not included as part of your regular compensation so that when you return, you do not feel as though your salary has diminished

› Combat pay (also referred to as hardship pay), which is a sum over and above your base salary, given because you are going to an extremely difficult location and/or are being asked to do an extraordinary assignment Read more

Set? Consider Contracts and Compensation (2)

If you feel the slightest doubt about what you’re signing, be sure to have a qualified attorney and/or financial advisor or accountant review the contract and explain clearly any items you don’t completely understand. Read more