INTERNATIONAL REWARD
Use of international assignments continues to grow
While the use of short-term assignments is growing, traditional longer-term assignments – typically of two or three years – are still widely used to meet this demand. That’s one of the main messages to emerge in a recent report on international assignments by Incomes Data Services.
To encourage employees to take up an assignment, the compensation package needs to be sufficiently attractive. The two main approaches to this – each with their respective advantages and drawbacks – are examined by IDS. In addition, the many elements that make up an assignment package, including cost-of-living adjustments and hardship allowances, accommodation, leave arrangements, financial support for the family and relocation assistance, are considered in detail
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What you will find in this report
The 40-page report is divided into three main sections
1. Establishing an assignment package
Focuses on the compensation packages and covers approaches to pay, salary adjustments, benefits and relocation assistance.
2. Managing the assignment process
While certain items are often outsourced to specialist providers, many organisations undertake much of their expatriate administration in-house. The report examines the issues associated with sending staff on international assignments and covers how employees are prepared for an assignment and supported in the host location, as well as arrangements made for repatriating them at the end of an assignment
3. Case studies
Includes six detailed case studies of how international assignments are managed at:
Reuters
Standard Chartered
BT
PricewaterhouseCoopers
Atkins
Lilly.
The key provisions for international assignees at these organisations are also summarised.
Want to know more?
Title: “International assignments”, IDS Study 857, November 2007.
Availability: An annual subscription to IDS HR Studies brings you two issues a month (24 a year). These include all the expanded StudyPlus titles and quarterly HR Updates as they are published. It also offers full access to IDS HR Studies Online.
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IDS is the “leading UK information and research service” on employment issues, providing a range of publications for employers, trade unions, government departments and other agencies. To find out more visit www.incomesdata.co.uk.