Localisation Policies

As the world gets to grip with COVID-19 and it’s effect on global business, the impact new expatriate assignments has been substantial due to the closing of borders world-wide and tightening of immigration requirements as a result. 

Furthermore, a typical expatriate compensation package is also quite costly to the business where the assignment costs can be equivalent to 2/3 x base salary over the course of 2/3 years.

Generally, the use of localisation policies is viewed as a cost-saving strategy as the employee’s ‘compensation’ package is based on local pay, terms and conditions rather than the more expensive expatriate compensation package. 

For more information on what localisation is and how businesses can incorporate this into their GM strategy, please review this link courtesy of AIRINC:

what is localization and how does it fit in your mobility program