A I R S h a r e

A Workforce Globalization Blog

Currency Devaluations and Cross-Border Assignments: Do’s and Don’ts - Part 1

Dec 18, 2015 @ 09:30 AM / by Genie Martens

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Major and sudden currency re-alignments can pose some immediate and practical problems for mobility practitioners responsible for managing compensation arrangements for cross-border assignees. This is the first article in a series of two addressing devaluation-related compensation issues and solutions for cross-border assignees, using Argentina and Azerbaijan as our examples. The discussion is focused on home-based compensation approaches for assignments into these countries, and the second article will be focused on host-based packages and compensation-related strategies for assignments out of these countries. Each scenario has its own challenges and “best practice” solutions.

Click here to download Part I of the series.

Click here to download Part II of the series.

 

Topics: Currency Volatility, Mobility Policy, Currency Devaluations

Genie Martens

Written by Genie Martens

As a senior member of AIRINC’s Client Engagement team and Advisory Consultant, Genie counsels Global 500 companies on designing, implementing and managing effective mobility programs for their international employees. With over thirty years of experience in the field of global mobility, Genie’s areas of expertise include mobility program and pay design, and development of data solutions to support mobility programs. Genie frequently interacts with clients and their stakeholders in business case presentations and workshops, and has traveled to over forty countries in connection with these activities. She works with a diverse range of industries including consumer goods, EPCM, financial services, energy and non-profit sectors. Genie is also focused on providing support to existing programs with respect to communications, training and problem-solving, and is a frequent contributor and speaker at AIRINC’s educational seminars and roundtables.