“Managing Expatriate Compensation-New Concepts and Practices”
Are you sending expatriates overseas? Do you know the latest financial, immigration, tax, legal and HR issues that affect expatriates? Do you know the latest trends in balance sheet, efficient purchaser and allowances? What motivates expatriates? If you are using expatriates you will want to update your skills and information in this terrific webinar hosted by Birchtree Global’s legal, financial and HR executives.
HRCI 1.5 GPHR/SPHR Credits
FREE
March 26, 12:00-1:30 PM EST
Environmental and Corporate Issues Impacting Expatriate Compensation
Social networking-you don’t own your brand
Graying workforce-age of expatriates is increasing
Shortage of skilled workers
Dual career couples
Cost of education
Better HRIS systems
Demand for higher performance and utility in HR systems
Globalization of products, markets and workforce
Perceived “Fairness” of expatriate compensation
Corporate emphasis on expatriate ROI
Mobility expectations of employees
Mass migrations of people
Global hiring trends BRIC countries higher than US
Expatriate ROI-Strategic Implications
Business executives’ expectations
More focus on metric measurement of the entire experience
Selection decisions, demands on managers of expatriates
Suggestions on the value of strategy mapping
Cost/Benefit Value of providing certain services
More emphasis on business trips-tax implications
The cost effect of perceived inequities by local workforce
Talent management ROI
Compliance risk
Technology vs. manpower data collection costs
Socializing expatriates in country-high value ROI
Costing Expatriate Assignments
Balance Sheet approach is still number 1 but changing
Efficient purchaser-characteristics of this process
Local Plus-characteristics of this program
Hybrid programs-characteristics of hybrid programs
COLA by Family –where to get data, value of data
Foreign service premium-utility, changing ideas
In Europe “mobility Allowance’ more common
Dual career costs, mitigation
Increasing need for flexibility in policies
Taxation of expatriate rewards
Workforce Implementation and Integration Challenges
Documentation of costs, particularly pre-planning
HRIS systems global reach-one size fits all systems
War on tax avoidance-increasing as is government data sharing
Data Privacy challenges as regulation grows
Managerial compliance, partnership, educating the expat’s boss
Rapid changes in tax, labor law, issues, how to manage change
