Compensation worksheet preparation is an integral part of a successful assignment. Costs to the company and to the employee can be significant. As such it is essential to ensure that an employee fully understands the pay elements related to the international assignment vs. those that are related to the specific roles and responsibilities of the day-to-day operations he or she is performing.
Our GlobePointe™ system enables preparation of a compensation worksheet that provides a clear and concise accounting of the various pay elements an assignee will receive on assignment. Additionally, the compensation worksheet can provide a breakdown of those items that will be paid at home and — in the case of a split pay delivery model — at host.
MSI’s team of tax and payroll professionals will also assist with allowance calculations such as cost of living, quality of living, home housing deductions, host housing allowances, and other common benefits and policy-specific items that clients may choose to provide to their employees.
Our comprehensive worksheet will help minimize many of the questions global mobility and payroll teams may encounter. MSI will update the allowances on a client’s pre-determined schedule. Additionally, should major economic events occur in a particular location, our global compensation team, along with our consultative services team, can help clients quickly implement stopgap measures whenever necessary to ensure there is no disruption of work due to uncertainty in the marketplace caused by currency fluctuations or economic conditions.