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What factors would you consider to design a compensation system?

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Question added by Saiful Islam Hiron , Site HR Manager , Handicap International
Date Posted: 2014/08/19
Mohd Asif Ansari
by Mohd Asif Ansari , HR Administrator , Al Nasseej Al Arabi Factory Co. Ltd.

Factors in determination of international compensation system: The factors to be considered in determining compensation systems for expatriates include the following:

Cost of living

Knowledge of the laws, customs and employment practices of foreign countries

Exchange rate

Effect of inflation on compensation

Housing cost

Family benefits

Children's education

Relocation allowance

Income tax

Social services

Readjustment to home base

Variations in the methods of payment

Reserves that include contributions to savings, pension schemes etc.

Medical, emergency and security cover

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

Factors to take into account in the design of the compensation system

The nature of the job , the risks , period, age , experience ,,,,,,

Saiful Islam Hiron
by Saiful Islam Hiron , Site HR Manager , Handicap International

          Other firm’s rates

          Union demands

          Cost-of-living changes

          Firm’s ability to pay

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