A flexible approach to remunerating expatriates

Article Abstract:

Most businesses are using new philosophies with their foreign service employees as a result of global competition and a global workforce. Increasing international business has required organizations to utilize creative and dynamic strategies that conform with the changing environment, including cost reduction pressures, competitive markets and demographic changes. Utilizing a flexible expatriate remuneration program will allow companies and some deserving staff to develop their respective interests to enable the management of long term costs and enhance the program's value.

Management, Compensation and benefits, Wages, Wages and salaries, Expatriation

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What's in a COLA?

Article Abstract:

COLA is the additional amount of net income needed to balance costs and enable employees to purchase the necessary goods and services and provide them an improved quality of life during international assignments. Many companies need to utilize COLAs to control the costs of foreign assignments. Numerous ways of developing a good COLA strategy are available. Employers are advised to use the right approach based on data from a specific provider. End users must ensure that both data and system should qualify tests employed to all areas of compensation.

Methods, Analysis, Consumer price indexes

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Sri Lanka: compensation and benefits overview

Article Abstract:

Compensation and benefits in the organized sector in Sri Lanka have had to struggle to adjust to the inflationary economic environment in the country. Substantial increase in compensation levels has not been observed in any industry except in the garment sector. A simplification of the compensation structure is also being pursued in the country. Lastly, benefits, especially company cars and medical coverage, are still valued in Sri Lanka. The compensation and benefits structure in different levels are discussed.

Sri Lanka, Employee benefits

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