Your need for support does not stop after expatriation.
You may require up-to-date data for a pay and bonus review. The assignee package may need to be recalculated as a result of exchange rate fluctuations or changes in cost of living. Additionally the assignee may have ongoing queries that need addressing. The most important part of outsourcing your international assignment administration to a third party, is to feel confident that such a company is an extension of your organisation's HR function. At IPM we all understand the importance of this role and become as passionate about your assignees as you are. Our teams work together for the same end.
Tracking & monitoring of critical dates
With many of the key tasks required at assignment initiation, there is a need for us to monitor key dates in the process. With Immigration, visas will tend to be granted for a particular period and family passports will also be of finite duration. It is our job to track these dates and initiate renewals in a timely fashion. Leases will tend to be signed for a fixed period and again, we will monitor this to ensure that new terms are negotiated in good time. Social security coverage again will be secured for a fixed period which we will monitor.
IPM will undertake the salary review calculations for assignees in tandem with the corporate’s review process across the board. We will ensure that salary increase instructions are applied to base pay and are also reflected in assignment allowances.
On-going general advice
The companies IPM work with see us as their dedicated HR resource, delivering expertise, professional up to date advice and a range of modular services that make sure you are fully compliant will all aspects of international business travel. With larger service providers you can sometime feel that you are a “number". At IPM you will always have a dedicated team and a single point of contact who will fully understand your objectives, your assignees circumstances and the needs of your business. Above all we are reliable, trustworthy and deliver on our commitment each and every time. IPM will administrate all activities to ensure a successful assignment.
IPM provide you with the support you need throughout the assignment. We maintain a comprehensive assignee database which enables us to provide this ongoing support. We monitor the tax and financial implications of the assignment on a regular basis. This enables us to accurately recalculate the assignee package for pay review and bonus awards, taking into account cost of living and exchange rate data. IPM works as your extended HR team. This means that we are there for your assignees and your HR teams should they have any problems or queries during the assignment.
You can be confident that all critical dates are reported on and that all extensions or renewals are secured in good time to maintain the compliance of the assignment. Assignees are included in the review cycle, with assignment terms and conditions being honoured appropriately. You are aware of the ongoing cost implications of every aspect of the assignment. The interests of both the company and the assignee are protected in order that we manage your expectations whilst ensuring that you remain compliant; this helps ensure a successful assignment.