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Essay / Research Paper Abstract
This 7 page paper examines trends in compensation for expatriates. The foreign service premium is discussed. Bibliography lists 7 sources.
Page Count:
7 pages (~225 words per page)
File: RT13_SA620ic.rtf
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Unformatted sample text from the term paper:
about missed opportunities in the states if in fact they have to live in Europe or China for a few years due to their vocation. Everyone is different. Still, when
U.S. citizens are offered job opportunities abroad, they are usually handsomely rewarded. The idea of "Balance-sheet compensation policies" came about during the 1950s and 60s when moving overseas for awhile
was considered a hardship (Mervosh, 1997). Of course, today in this global economy, things are quite different. Indeed, living abroad is something to consider-regardless of extra pay-- and
it is a bit easier to do so now due to more communication and transportation options. It can in some respects make things easier monetarily in the long run. Expatriates
can work overseas while still maintaining their citizenship and any property they may have in the United States. One reason why expatriates are offered money is due to the fact
that a limited number of individuals would be qualified for such positions (Thomas, 2002). In focusing in on compensation for expatriates, it varies. Many firms will provide financial incentives
to their expatriates which becomes merely a part of the employee compensation package (Nurney, 2005). Sometimes, this is called specifically a foreign service premium or FSP. A foreign service premium
is "a fixed percentage of base pay paid monthly to employees working overseas" (Tracey & Tracey, 2003, p. 270). An ordinary employee may have medical benefits, life insurance and
have 401K options. Yet, the foreign employee will have to navigate foreign territory to take care of his or her needs. Premiums and incentives which are utilized by multinational
companies include a regular salary, but a particular stipend is added on to make an overseas move attractive (Nurney, 2005). The additional money is designed to be an incentive
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