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A new analysis by Bankrate finds that cost of living takes the biggest bite out of the average worker’s wages in San Francisco, where high living costs effectively cut their buying power by more ...
Negotiate For Relocation Packages. Relocating is expensive. According to Moving.com, the average cost of a long-distance move (about 1,000 miles) is $4,890 for a two-to-three-bedroom move.
A package valued at $15,000 in Noblesville, a suburb of Indianapolis, includes a $5,000 relocation grant, a season of free golf at two courses, and coffee with the mayor.
With tax equalization, housing allowance, cost-of-living adjustment, and other benefits, the typical expatriate compensation package is two to three times the home-country base salary. For example, an expatriate with a €100,000 annual salary will cost the employer €200,000-300,000 per year incl. the relocation costs.
Employee benefits in the United States might include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group-term life and long term care insurance plans; legal assistance plans; adoption assistance; child care benefits ...
According to the 2012 Global Relocation Trends Survey Report, 88 per cent of spouses resist a proposed move. The most common reasons for refusing an assignment are family concerns and the spouse's career. [40] [41] Expatriate failure is a term which has been coined for an employee returning prematurely to their home country, or resigning.
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