The LTA benchmark provides a comprehensive overview of policies and practices for temporary long-term international assignments. In addition to a detailed look at pre- and post-assignment, relocation, and on-assignment benefits, the benchmark reviews pay and tax approaches, and highlights the trend toward greater flexibility both in policy configuration and in how benefits are delivered.
In the past year, AIRINC has seen a surge in requests for benchmarking information. This is not surprising given that our industry is undergoing tremendous change. During uncertain times, keeping a pulse on evolving practices becomes even more important. While many things in global mobility are different today, there are three main reasons benchmarking has recently increased in importance.
If you've never heard of the Assignment Cost Estimator, affectionately referred to as ACE at AIRINC, it is a tool that we created to produce reliable and accurate cost estimates for short-term, long-term, and host plus assignments. Whether you're part of a budding Global Mobility program or one with assignees across the globe, we invite you to take ACE for a spin to experience this time-tested, five-star rated tool for yourself.
Tax laws, rates, and regulations vary greatly from country to country, and being on an international assignment creates even further complexity. To minimize the tax impact on the assignee, most globally-mobile companies have a Tax Equalization policy in place.