Human Resources CASE STUDY PART 2
Selflove3
BalanceSheetApproachtoCompensationsample.docxBalance Sheet Approach to Compensation
|
|
Home Country |
Host Country |
|
Base salary |
140,000 |
140,000 |
|
Housing allowance |
12,000 |
18,000 (housing is more expensive in host country) |
|
Health insurance |
15,000 |
10,000 (insurance is cheaper in host country) |
|
Contribution to 401 K |
14,000 |
14,000 |
|
Vehicle allowance |
10,000 |
14,000 (vehicle is more expensive in host country) |
|
School tuition for children |
NA |
30,000 |
|
Yearly return to home country |
NA |
5,000 |
|
Income taxes |
30% = 42,000 |
40% = 56,000 |
|
Overseas premium |
NA |
15% = 21,000 |
|
Total cost of employee |
233,000 |
308,000 |
