Expatriate Compensation

Course Number:92
Category:Global Compensation
Field of Study:Personnel/HR
Audience:HR Managers, HR Generalists, Relocation Coordinators, Compensation Analysts, Compensation Managers
Level of Difficulty:Intermediate
Delivery Method:QAS Self Study
Prerequisites: Moderate algebraic training
Advanced Preparation:None
SHRM BASK:As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course relates to competencies in Operating in a Global Environment and Strategic Alignment with functional areas in Total Rewards and Managing a Global Workforce.
OverviewWhen an organization has global operations, it needs equitable, market competitive, and legal compensation programs in each country of operation that are aligned with its global business strategy. This course covers compensation topics pertaining to long-term expatriate assignments including base salary, variable pay, allowances, benefits, and taxes. It will also look at the major expenses associated long-term assignments such as relocation, housing, and education allowances. The emphasis is on keeping assignments as cost neutral to the expatriate as possible.
Learning Objectives:
  • Recognize the effects of globalization and the need for a globally mobile workforce
  • Differentiate between business travel assignments, short-term international assignments, long-term international assignments, and local hires
  • Determine appropriate base pay for an expatriate
  • Recognize the characteristics of variable pay, bonuses, allowances, and benefits for long-term international assignments
  • Identify requirements for automobile and hardship and danger allowances
  • Specify how to minimize the impact of cost of living, inflation, and exchange rate on expatriate pay plans
  • Identify costs to the organization with respect to long-term international assignments
  • Define split payroll, foreign tax credit, Section 911, tax protection, and tax equalization
  • Calculate expatriate base pay using the balance sheet approach
  • Recognize alternative methods for determining expatriate compensation
  • Identify the relocation packages and compensation needed for a localized assignment
Credit & Professional
Continuing
Education Information:
  • SHRM-CP/SHRM-SCP Credit Information:

    ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities. This program is valid for 1.5 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Preferred Provider
  • aPHR/PHR/SPHR/GPHR Credit Information:

    ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 1.5 HR (General) credit hour(s) towards aPHR, PHR®, SPHR®, and GPHR® recertification.

    HRCI Approved Provider
    HR Certification Institute’s® (www.HRCI.org) official seal confirms that ERI Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.
  • CCP/CBP/GRP/WLCP Credit Information:

    This online course qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the Society website at www.worldatworksociety.org.

  • CPE QAS Self Study Credit Information:

    National Registry QAS Self Study - Course approved for 1.5 credit(s) in these states:

    Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Virginia, Washington, West Virginia, Wyoming

    Course approved for 1 credit(s) in Vermont

Additional Information:
*The Course Credit List displays credits and credit types offered by location.
World at Work
CPE Sponsors - Registry
CPE Sponsors - QAS
CAC
CCC

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®