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With tax equalization, housing allowance, cost-of-living adjustment, and other benefits, the typical expatriate compensation package is two to three times the home-country base salary. For example, an expatriate with a €100,000 annual salary will cost the employer €200,000-300,000 per year incl. the relocation costs.
A package valued at $15,000 in Noblesville, a suburb of Indianapolis, includes a $5,000 relocation grant, a season of free golf at two courses, and coffee with the mayor.
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Employee benefits in the United States might include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group-term life and long term care insurance plans; legal assistance plans; adoption assistance; child care benefits ...
An international assignment is an overseas task set by a company to an employee. Companies that engage in international assignments are mainly multinational corporations (MNCs). MNCs send employees from the home country to a different country for business operations at overseas offices or subsidiaries. [1] These employees are called expatriates.
Blockbuster jobs growth continues to power the U.S. economy, with the BLS reporting 303,000 payrolls added in March. Immigrants are a big part of that success.
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