Rich Snail » compensation http://richsnail.com/blog Expatriation in Malaysia & South East Asia Wed, 08 Feb 2012 04:00:05 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 KPMG’s Global Assignment Policies and Practices survey http://richsnail.com/blog/kpmgs-global-assignment-policies-and-practices-survey?utm_source=rss&utm_medium=rss&utm_campaign=kpmgs-global-assignment-policies-and-practices-survey http://richsnail.com/blog/kpmgs-global-assignment-policies-and-practices-survey#comments Thu, 06 Oct 2011 12:30:20 +0000 jacques http://richsnail.com/blog/?p=878 The latest Global Assignment Policies and Practices Survey – or GAAP, not to be mistaken with the demon or accounting system – is out.

Unsurprisingly, many organizations are focusing on reducing the cost of their international assignment programs. What is more surprising, to me at least, is that more than 60% of organizations still pay their global talents in accordance with compensation levels in their home countries. I thought this percentage would be much lower, believing that While big organizations like Oil & Gas or IT do usually keep compensating expats generously, many smaller ones switched to local based contracts in recent years.

Maybe it is a trend that is South East Asia specific. Or it could be that this 60% figure is influenced by the fact that survey respondents usually are from these big organizations. It could also be because when one of those expatriates enjoying a juicy packages wishes to stay in the country he is posted in, he usually has to switch to a local contract – switching from the international HR department (the one answering these questionnaires) to the local one (not answering) in the process.

Anyhow, this report is a very interesting read for all, especially if you are a HR specialists, or an expats who is looking to better negotiate your next package ;)

]]> http://richsnail.com/blog/kpmgs-global-assignment-policies-and-practices-survey/feed 0 Two Questions For Those Protected By Their Employers http://richsnail.com/blog/two-questions-for-those-protected-by-their-employers?utm_source=rss&utm_medium=rss&utm_campaign=two-questions-for-those-protected-by-their-employers http://richsnail.com/blog/two-questions-for-those-protected-by-their-employers#comments Thu, 20 Aug 2009 01:00:19 +0000 jacques http://richsnail.com/blog/?p=473 One thing I realised by sitting down with many expatriates to discuss about their protection needs – or compensation and benefits as some like to call it – is that lots of them rely on their companies to cover them. This is especially true of those working in the Oil & Gas industry.

If you are in this situation, I invite you to ask yourself the two following questions:

(1) does your company compensation and benefits scheme protection you as per your needs ? And I do not limit this question to healthcare only, life, income and disablement cover should also be reviewed…

(2) What does happen when you move on, or when you retire ? Can you keep your cover and benefits ?

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