Why is a Personal Salary Impact Statement important when relocating?
Personal Salary Impact Statements provide a transferee – international or domestic – with a clear explanation of how differences in income taxes and costs will financially affect the employee at his or her income and family size. By reviewing such a statement before initiating a move, both the employer and the employee will benefit from a better understanding of the true value of their new location’s compensation. With expectations aligned, the business can plan for higher success rates with international or domestic moves.