Do you have assignees based in Hong Kong? If yes, is the recent instability having an impact? Many of our clients are seeing an increase in calls from concerned assignees asking to discuss their situation. Potential options such as a transfer to another location, increased flexibility to work from home, security briefings, and more, along with the impact of these options on their assignment policy.
AIRINC recently adjusted its hardship score for Hong Kong, due to the continuing political volatility and unpredictability surrounding the demonstrations, as well as the heightened tensions resulting from the protests.
Since June, Hong Kong has seen unprecedented protests, larger and more frequent than any in the country’s recent history. We have increased the hardship scoring of Hong Kong in response to the rise in political volatility.
In the last two weeks, Hong Kong has seen some of the largest protests in its history as citizens and residents have taken to the streets to protest a proposed extradition bill. Demonstrations have been centered around Admiralty and the surrounding areas of Central and Wan Chai.
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.
At AIRINC, technology allows our dedicated survey staff to collect data and monitor changes by phone and online, in conjunction with on-site surveys. We collect a wider range of data more efficiently using this multi-pronged approach, and by using an in-house research survey team, we collect the most objective, consistent pricing data.
AIRINC’s onsite Surveyors investigate topics of international interest, including hardship situations. My colleague, Yimkwan Tsang, wrote about the water crisis in Cape Town after her February 2018 survey. At that time, Cape Town was expected to run out of water as early as June. However, this event, known as Day Zero, kept getting pushed back.
During our recent survey quarter, I traveled to Georgetown, Guyana. Flying over Guyana I was struck by its rural feel and dense forests. From the air, it looked like the most untouched land I’d ever seen, and I later learned that roughly 80% of Guyana is rainforest. Over the last few years, Guyana has captured global attention due to the discovery of vast oil deposits off the country’s coast.
AIRINC’s most recent survey of Nairobi closely coincided with the 5th anniversary of the Westgate Mall attack when members of the extremist Islamic group al-Shabaab took siege of the building, which resulted in 71 deaths.
Run compensation worksheets (past and present) as well as “what-if” calculations. Whether you have a new mobility program with a small number of assignees, or a large established program with thousands of assignees, the International Assignment Calculator is a flexible on-demand technology platform that efficiently provides access to Your Allowances Your Way.