As companies continue to expand and grow globally, so do the needs of their international assignments.
The traditional “one size fits all” home country balance sheet based policy has been the backbone of long-term assignments for many years. However this policy may no longer suit the variety of new assignment types emerging. If you have determined that you have assignment opportunities that require alternative policy solutions, might a local compensation based approach, or similar alternatives, be an option for you?
This issue of Crown World Mobility’s Perspectives series presents the concept of a Local Plus approach to temporary international assignments. We explore the drivers for this policy approach and the benefits and challenges it presents. We consider alternatives such as an Expat Lite approach and conclude with five tips to consider when approaching these mobility policy options.