In a follow-up to Jeff Hawk's "How Does Your Job Offer Stack Up?" post, Adam Silver looked at the challenges of "Attracting Talent" to a city that may be a difficult sell to employees. Then, in "Understanding the level of affinity between two locations can determine the success of a move," Michael Joyce examined the obstacles and options companies have when transferring an employee to a higher tax location. In this post I will look at the other side of the coin, attracting talent to a location with lower income tax.
The challenges to Global Mobility during the Covid-19 pandemic seem to be never-ending: travel restrictions, immigration difficulties, stress on assignees, and so many others. Companies are stepping up to these challenges in a variety of ways, but how many are providing additional cash incentives, by way of expatriate premiums, to help international assignees during these challenging times?
Are you part of the 93% or the 7%? The “Hardship” or “Location” premium is a longstanding member of the international mobility compensation suite and is currently provided by 93% of companies, according to our most recent policy benchmark.