For those who like to organize their expenses, having a budget or a spendable amount is key. In the world of global mobility, the concept of spendable income is a central element for calculating the Cost-of-Living Allowance (COLA). As the Spendable increases, the COLA increases in the exact same proportion, and everything else remains equal.
South Africa had a rough July of civil protests, rioting, and looting. Lives were lost, shopping malls were robbed, shops, petrol stations, and even whole suburbs were burnt to the ground, leaving many without food, supplies, and medication.
AIRINC recently conducted a “pulse survey” to understand how global companies operating in China who maintain expatriate staff in the country are responding to the outbreak. Out of the 110 companies who participated in the survey, 99 companies or 90% are considering implementing specific actions for assignees in China in response to the spread of the COVID-19.
Do you have assignees based in China? If yes, what are you planning to do with assignees disrupted by the Coronavirus? Many of our clients are seeing an increase in calls from concerned assignees asking to discuss their situation, including:
AIRINC is delighted to invite you to participate in a benchmark survey focused on executive relocation practices. The survey primarily focuses on US domestic moves but also touches on international one-way relocations and two-way assignments. Responses are anonymous and participants will receive a copy of the results. We hope you can join us!
Hong Kong has been subject to ongoing street protests since June 2019. The protests have led to varying degrees of disruptions in daily living for residents, a sharp reduction in tourists visiting the city, and most recently, an economic downturn considered to be the worst since 2008.
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.